World Air Conditioner Market – 2021 Update - Malaysia

Beginning in March 2020, the pandemic situation became severe, air conditioner sales almost completely stopped, and sales were dismal. Sales began to recover gradually in May, and returned to the same level as in 2019 after July. JARN estimates that the first half of April to September was 30% lower than in 2019. The government has introduced some economic stimulus policies, and the market has recovered in the second half of the year. However, from the middle of October, the second wave of the pandemic  hit the air conditioner market and sales were stagnant again.