Headline News Volume 383

2017-06-23

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eJARN.com Headline News
Date: June 23rd , 2017, Volume 383
( http://www.ejarn.com )
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<May Special edition >
1. REGIONAL VRF Market - 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.
https://ejarn.com/detail.php?id=45296

2. REGIONAL VRF Market - 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 rise in mini-VRF demand was attributed to higher demand from urban high-rise condominium projects.
https://ejarn.com/detail.php?id=45297

3. REGIONAL VRF Market - MIDDLE EAST
The Middle Eastern VRF market scale was 24,800 units in 2016, an increase of 11.0% compared with 2015. Almost all VRF systems in the region are imported from overseas. The VRF market in the Middle East features a large number of large-scale projects, with some orders of up to 1,000 units. These large-scale projects exert a major impact on VRF demand, resulting in a VRF market that fluctuates greatly.
https://ejarn.com/detail.php?id=45298

4. REGIONAL VRF Market - SOUTH KOREA
The VRF market in South Korea has been expanding along with rising demand for cooling multiple rooms per residence, becoming the third largest market in the world after China and Japan. A high-rise apartment construction boom has created demand for residential VRFs. Manufacturers have expanded their VRF portfolios to meet this demand. The 2016 market scale was estimated at 112,000 units, including GHPs. Year-on-year growth reached 25.8%, making 2016 a bumper year for the VRF market in South Korea.
https://ejarn.com/detail.php?id=45299

5. REGIONAL VRF Market - AFRICA
The African VRF market is very small with only 6,500 units sold in 2016, owing to relatively low incomes and low purchasing abilities. The main market is concentrated in South Africa. South Korean and Chinese manufacturers are active in the area.
https://ejarn.com/detail.php?id=45300


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