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2.9 Middle East
According to BSRIA, the overall chiller market in the five Middle Eastern countries of Saudi Arabia, the United Arab Emirates (UAE), Iran, Qatar, and Kuwait amounted to US$ 608.2 million in 2015, up 13.4% from 2014. Saudi Arabia’s chiller market, the largest in the region, increased by 23.3%. Loo.../images/up/News/201611240234091713.jpg
2.8.6 Singapore
Singapore is calling for diversification of energy applications and uses liquid natural gas (LNG) for electricity generation. Singapore encourages green buildings as a way to reduce carbon emissions. As a talent and logistics hub in Asia, Singapore is also where many multinational corporations locat...
2.8.5 The Philippines
The Philippine chiller market reached US$ 45.4 million in 2015, recording stable growth of 7.3%. The centrifugal segment accounted for nearly two-thirds of the total market and showed the largest growth of 9.5%, reaching US$ 28.4 million. In the Philippines, large-capacity chillers are mainly wat...
2.8.4 Vietnam
Vietnam’s chiller market is not so large at present compared with the big three markets in Southeast Asia: Thailand, Indonesia, and Malaysia. Its size was US$ 33.0 million in 2015, an increase of 1.1% compared with 2014. Screw models accounted for about one half of the total chiller market, with a v...
2.8.3 Malaysia
Malaysia’s chiller market decreased to US$ 62.3 million in 2015. All three segments, the combined segment of reciprocating, screw, and scroll, centrifugal; and also absorption, recorded a 9.0% decrease. York dominates the market, followed by Trane and Dunham Bush. These companies all produce chil.../images/up/News/201611240144046713.jpg
2.8.2 Thailand
Thai chiller market size was US$ 77.6 million in 2015, unchanged compared with 2014. The scroll chiller market decreased by 22.0% to US$ 5.5 million, which offset the stable growth of the centrifugal and screw segments. As Thailand has abundant water resources, water-cooled chillers dominate the .../images/up/News/201611240115434416.jpg
2.8.1 Indonesia
Indonesia saw real GDP growth of 4.79% in 2015, a downward trend for the fifth year running. Public investment was down, and construction of office buildings and hotels has been postponed. The Indonesian chiller market in 2015 contracted to US$ 74.7 mil-lion, a decrease of 13.1% compared with in .../images/up/News/20161124095241888.jpg
2.8 Southeast Asia
According to BSRIA, the total chiller market in seven countries, namely Thailand, Indonesia, Malaysia, the Philippines, Vietnam, Myanmar, and Cambodia, recorded a 3.7% year-on-year decline to US$ 306.5 million in 2015. The bright spot was the scroll chiller market, which increased by 17.3% to US$ 22...
2.7 Taiwan
According to BSRIA, Taiwan chiller market scale reached US$ 113.1 million in 2015, a 4.2% decrease from US$ 118.0 million in 2014. Scroll chillers serve a similar cooling capacity range as VRF systems and have been losing market share to VRF, especially in the 50?100 RT range. Rising demand from .../images/up/News/2016112323565655220.jpg
2.6 Korea
According to the Bank of Korea, South Korea posted GDP growth of 2.6% in the fourth quarter of 2015, the lowest in three years. According to BSRIA, Korea’s market size for chillers was US$ 262.3 million in 2015, a 4.7% rise compared with US$ 250.6 million in 2014. The absorption chiller segment l.../images/up/News/2016112323503260499.jpg
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