Headline News Volume 465
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eJARN.com Headline News
Date: Feb 1st , 2019, Volume 465
( http://www.ejarn.com )
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<Jan Special edition>
1. EUROPE
In 2018, the growth and decline of markets in major regions of Europe varied. In general, sales in the northern region were relatively good because of exceptionally hot weather, but the market in the southern region was weak. According to JARN’s estimation, the European RAC market except Turkey and Russia in 2018 was about 4.27 million units, an overall increase of 3% over the previous year. Split-type RACs are dominant and window type RAC demand is negligible in Europe.
Jan Special page 38
https://www.ejarn.com/detail.php?id=56026&l_id=2
2. JAPAN
Under hot weather conditions, the sales volume of room air conditioners (RACs) and packaged air conditioners (PACs) has exceeded 10 million units, hitting a record high. According to the Japan Refrigeration and Air Conditioning Industry Association (JRAIA) statistics, the sales volume of RACs and PACs amounted to 9.6 million units and 877,000 units respectively, showing 7.6 and 7.0% year-on-year growth.
Jan Special page 44
https://www.ejarn.com/detail.php?id=56053&l_id=2
3. South Korea
In South Korea, this summer was the hottest since weather observation began and broke the previous record set in 1994. According to Korea Refrigeration and Air-Conditioning Industry Association (KRAIA), domestic shipments of RAC and PAC units exceeded 2.01 million units in 2016, 2.2 million units in 2017 and about 2.5 million units by the end of August 2018. The total volume of sales in 2018 will be about 2.76 million units.
Jan Special page 45
https://www.ejarn.com/detail.php?id=56074&l_id=2
4. Middle East
In the Middle East, weather and economic conditions were not favorable this year. Not only Japanese brands, but also Chinese brands which had all scored great achievements in the Middle East have been severely stricken in sales performance. Social instability has greatly impacted the RAC market, which decreased by about 11% in 2018. Growth momentum was not seen in all the Middle Eastern countries.
Jan Special page 45
https://www.ejarn.com/detail.php?id=56075&l_id=2
5. Russia
The year 2018 can be considered one of the quietest and the most predictable for the Russian air conditioner market in recent years. According to preliminary data, sales of room air conditioners (RACs) and packaged air conditioners (PACs) to end-customers increased by 12% to 1,850,000 units in 2018. The main contribution to the growth of the market was planned replacement of the equipment with expired service life. Replacement accounted for about 40% of all sales, a 29% increase compared with 2017.
Jan Special page 49
https://www.ejarn.com/detail.php?id=56048&l_id=2
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