Headline News Volume 506
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eJARN.com Headline News
Date: Nov 22, 2019, Volume 506
( http://www.ejarn.com )
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<Nov Special edition>
1. GLOBAL CHILLER MARKET
According to JARN, world chiller demand in 2018 approached US$ 8.4 billion, up 6.3% compared with 2017. The major chiller markets are China, the United States, and Europe, accounting for 29.7%, 15.3%, and 17.2% of the world market, respectively.
Nov Special page 1
https://www.ejarn.com/detail.php?id=60632&l_id=
2. THE UNITED STATES
The United States, the second largest market in the world, showed positive growth of 13.1%, rising to US$ 1.3 billion. In the United States market, oil-free chillers including magnetic-bearing chillers maintained growth, and application of the two-stage compressor, oil-free bearing system solution and new hydrofluoroolefin (HFO) blend refrigerants has boosted energy savings and environmental stewardship in the chiller sector.
Nov Special page 10
https://www.ejarn.com/detail.php?id=60634&l_id=
3. CHINA
The Chinese market increased by 2% to US$ 2.5 billion in 2018. The chiller market in China has enjoyed high-speed growth for two decades, leading all the markets in the world. Since economic deceleration began in China, the total chiller market saw the era of double-digit growth coming to an end. China encouraged energy savings and emissions reductions, and many manufacturers started to produce magnetic-bearing chillers, with some even starting to produce their own magnetic-bearing compressors.
Nov Special page 14
https://www.ejarn.com/detail.php?id=60635&l_id=
4. EUROPE
The European market increased by 9.9% to US$ 1.4 billion and has been actively applying natural refrigerants and new-generation HFO blends. Europe has enforced a new F-gas Regulation, speeding up the implementation of the quota mechanism. Compared with VRF systems, chiller systems use less refrigerant, which will further accelerate the growth of the chiller market. Asian manufacturers strengthened their exploration of the European market, and carried out cooperation with local European manufacturers to explore the market together.
Nov Special page 20
https://www.ejarn.com/detail.php?id=60637&l_id=
5. INDIA
The Indian market increased by 7.4% to US$ 290 million in 2018, and has attracted many investors. Local industrialization has been accelerating, and international companies have set up production and research and development (R&D) centers in India. Production bases in India are able to address demand in Southeast Asia, the Middle East and Africa, in addition to meeting demand in the local market. Local Indian chiller manufacturers have started to explore overseas markets aggressively, and absorption chillers made in India have become more competitive.
Sep Special page 34
https://www.ejarn.com/detail.php?id=60639&l_id=
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