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2. 8 AUSTRALIA
The Australian VRF market scale in 2016 is estimated at 12,000 units, indicating 11.1% year-on-year growth. The overall Australian residential market is thriving, and is driving sales of mini-VRFs. It was estimated that mini-VRFs accounted for 33% of the total VRF market in Australia. The sharp r.../images/up/News/20175281275868901.jpg
2. 7 LATIN AMERICA
The Latin American VRF market fell by 9.6% year on year, shrinking to 20,600 units in 2016. Brazil maintained its position as Latin America’s largest VRF market, followed by Mexico and Argentina. Several countries in Latin America require large buildings to obtain building certification such as Lea.../images/up/News/20175281202199593.jpg
2. 6 INDIA
Ducted air conditioners such as chillers had been dominating the Indian market. However, through the efforts of Japanese manufacturers, market recognition of VRF technology has improved greatly. VRF demand in India was estimated at 34,000 units in 2016, showing 10.4% year-on-year growth. Compared w.../images/up/News/20175281154830299.jpg
2. 5 N. AMERICA
The U.S. VRF market amounted to 36,000 units in 2016, indicating a 9.1% growth rate. Since the first quarter of 2017, the U.S. economy has been gradually expanding. With more construction projects and higher personal consumption, the VRF market is expected to continue to expand in 2017. Challe.../images/up/News/201752811391448162.jpg
2. 4 SE ASIA
The Southeast Asian VRF market of seven countries, namely Vietnam, Singapore, Indonesia, Thailand, Malaysia, the Philippines, and Myanmar, recorded sales of 52,400 units in 2016, a 16.8% increase compared with 2015. Demand from commercial buildings, villas, and hotels has been rising sharply in the .../images/up/News/201752810574536344.jpg
2. 3 JAPAN
Japan is the birthplace of VRF and has the second-largest market scale in the world after China. According to JRAIA, VRF shipments in Japan reached 130,000 units in 2016, a 2.4% increase compared with 2015. The replacement market in Japan is very large. Many old air conditioners in buildings need.../images/up/News/201752810441139261.jpg
2. 2 EUROPE
Europe experienced a year of upheaval in 2016. The people of the United Kingdom voted to leave the European Union (EU), triggering the ‘Brexit’. Russia and Turkey are experiencing turbulent political and economic situations. Although the turmoil negatively impacted the overall European air condit.../images/up/News/201752810301527554.jpg
2 REGIONAL--2. 1 CHINA
The Chinese VRF market showed vigorous growth of 29.9% in 2016, thanks to an increase in residential VRF sales driven by hot weather. However, sales of commercial VRFs remained flat. The total market including residential and commercial uses reached 903,000 units. China is now the world’s largest.../images/up/News/201752810163064464.jpg
World VRF Market: 1 OVERVIEW
Prefatory Statement Originating in Japan, variable refrigerant flow (VRF) technology has been obtaining greater recognition in the global air conditioning market and now has 30 years of development history. Despite the global economic downturn and unfavorable weather in the past few years, the .../images/up/News/20175281192511382.jpg
Hisense Hitachi Speeds Up Railway AC Business
In recent years, investments in railway transit systems have been increased as an important aspect of improving people’s living standards in China. By 2020, the total length of operational railways will exceed 120,000 km, and high-speed railways will cover 80% of large cities. The prosperous develop.../images/up/News/201752717483855135.jpg
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