Headline News Volume 582
============================
eJARN.com Headline News
Date: May 28, 2021, Volume 582
( http://www.ejarn.com )
============================
<May Special edition>
1. World VRF Market – 2020 OVERVIEW
According to JARN’s database, based on outdoor units, the global VRF market has decreased by 3.4% from 2019 to 1.80 million units. China, Japan, and South Korea are the world’s three major VRF markets as well as global production bases. These three markets account for 76% of the global market.
May Special page 1
https://www.ejarn.com/detail.php?id=67700&l_id=
2. China
In 2020, China’s VRF market including residential and commercial systems grew by 2.2% year on year, with a total sales volume of 1.10 million units. Within this market, the mini-VRF segment grew by about 5%. VRFs account for almost half of the entire commercial air conditioning market in China. Affected by the pandemic in the first half of 2020, many projects were suspended, and sales of VRFs suffered a double-digit decrease year on year. With the gradual recovery of the market in the second half of the year, VRF sales increased substantially.
May Special page 39
https://www.ejarn.com/detail.php?id=67721&l_id=
3. USA
Total sales of VRFs and mini- VRFs decreased by about 7.1% to 63,900 units. Demand for top discharge type VRFs with capacities of 6 tons or more, which are categorized for commercial use, decreased significantly, affected by the cancellation, delay, and reduction of projects by the owners who install the equipment, difficulty in securing installation workers, and disruption of the supply chain. On the other hand, demand for side discharge type or mini-VRFs primarily for residential use expanded, benefiting from buoyant housing sales thanks to a historic decline in long-term mortgage rates.
May Special page 8
https://www.ejarn.com/detail.php?id=67709&l_id=
4. EUROPE
Looking at the European VRF market in 2020, the VRF market in almost all European countries has declined to various degrees. Demand for VRFs in Europe, including mini-VRFs, has dropped by about 8.8%, reaching 162,000 units. Sales of mini-VRFs and multi-splits are more buoyant than sales of commercial VRF systems, which account for part of the market decline.
May Special page 12
https://www.ejarn.com/detail.php?id=67710&l_id=
5. JAPAN
In 2020, not only the EHP market was severely hit by the pandemic, but the special demand for GHP in schools also ceased. Along with the stagnation of economic activity, demand for VRF systems dropped rapidly and drastically. The VRF market in Japan in 2020 decreased by 10.8% compared with 2019, reaching 142,300 units.
May Special page 42
https://www.ejarn.com/detail.php?id=67722&l_id=
============= Visit new eJARN now! =============
★★★Complimentary issue of JARN magazine for those who are new to JARN magazine★★★
Thinking about subscribing to JARN magazine! You're invited to receive a complimentary sample issue of JARN. To receive your free issue, please send the following information to sample@ejarn.com: Your name, company name, address (including zip code and country), e-mail address, and phone number.
eJARN offers a full range of up-to-date articles on HVAC&R news from around the world.
eJARN members can access JARN's complete archive of past articles.
For subscription to JARN and/or eJARN, contact us at ( subscribe@ejarn.com ).
JARN periodically sends the JARN newsletter to people in the HVAC&R industry as a complimentary service.
If you don't wish to receive this newsletter, please contact ( withdraw@ejarn.com ):
All questions and comments are appreciated: ( jarn@jarn.co.jp ):
JARN Headline News is published in English, Chinese, Japanese, German, Spanish and Russian.
JARN Ltd.
Yokozeki Bldg., 2-10-3 Akasaka, Minato-ku, Tokyo, 107-0052 Japan.
TEL: +81-3-3584-4704 FAX +81-3-3584-4708
------------------------------------------------------------------
Copyright c 2021 JARN Ltd. All Rights Reserved.
