World AC Market – 2022 Update - INDONESIA

Yoshiharu Osumi, JARN’s HVAC&R advisor in Indonesia, reported on the country’s air conditioner market in 2021.

According to the World Economic Outlook Database from the International Monetary Fund (IMF), the Indonesian gross domestic product (GDP) was estimated to have reached about 3.2% in 2021. IMF also projected it will grow to 5.9% in 2022, showing a fast recovery compared with past economic crises.