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Mitsubishi Electric Adds Chillers to Its Sales Lineup
Mitsubishi Electric acquired DeLclima from De’Longhi Industrial in February 2016. Then on January 1, 2017, Climaveneta and RC Group, which are wholly owned subsidiaries of MELCO Hydronics IT Cooling, merged and began doing business as Mitsubishi Electric Hydronics IT Cooling Systems (MEHITS). .../images/up/News/2017112614293350741.jpg
Reported by Centro Studi Galileo, Italy Since 2014, the Italian market has shown small, yet constant growth in all sectors of the industry, as well as in the air conditioning and refrigeration (ACR) market. There are two main factors that have driven growth in this sector: energy incentives from Eu.../images/up/News/2017112614245921974.jpg
Reported by the Brazilian Association for HVACR (ABRAVA) The Brazilian air conditioning market suffered because of the economic crisis and a reduction in the level of both public and private investment. And this effect was strongly felt in the chiller market which reached a peak sales volume/ ins.../images/up/News/201711261413349138.jpg
Reported by Litvinchuk HVAC Marketing Research Agency and APIC, Russia Positive trends that emerged in the Russian chiller market at the end of 2016 continued to develop in 2017. According to the results of the first eight months, chiller imports increased by 33.1% in capacity and 41.3% in moneta.../images/up/News/201711261471527311.jpg
Reported by Asociacion de Fabricantes de Equipos de Climatizacion (AFEC) Market Situation in 2016 During 2016, the Spanish heating, ventilation, and air conditioning (HVAC) market maintained a growing trend. When analyzing the various data, we can state that, although the results for 2016 haven...
Australia’s economy is largely affected by the Chinese economy and market prices of raw materials. Its GDP in 2016 recorded a 2.52% increase, up from 2.41% in 2015. According to BSRIA, Australia’s chiller market size has been contracting for two consecutive years starting in 2015. The centrifugal.../images/up/News/201711261343749737.jpg
2.9 LATIN AMERICA -- Mexico
In the context of the job-saving American policy advocated by the U.S. President Donald Trump, several manufacturers including Carrier have abandoned their plans to shift their U.S. production bases to Mexico. Along with a slow-down in the automotive factory construction boom, the Mexican peso wa.../images/up/News/2017112613375512118.jpg
2.9 LATIN AMERICA -- Brazil
According to ABRAVA, in 2016, the Brazilian HVACR market reported sales of 26.5 billion real (US$ 7.9 billion), of which 18.9 billion real (US$ 5.6 billion) was in the industrial segment, 4 billion real (US$ 1.2 billion) in the services segment, and 3.6 billion real (US$ 1.1 billion) in the commerci.../images/up/News/2017112613302534372.jpg
According to BSRIA, Mexico is the largest chiller market in Latin America followed by Brazil. The combined market scale of Mexico and Brazil in 2016 recorded US$ 154.2 million, an 11% year-on-year decrease. When large roof surfaces are available, rooftop units provide greater flexibility in terms...
2.8 MIDDLE EAST -- Iran
Iran’s GDP came to 6.54%, by far the highest growth seen in the Middle East in 2016. Economic sanctions were lifted on January 20, 2016, but trade sanctions remain in place, which is dampening business activity. Iran is the second-largest chiller market in the Middle East. Its market scale reache...
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