Global AC Market Pressurized by Inflation Hopes for Growth in Rest of the Year — Review of Global AC Market in the First Half of 2023 — Europe

From spring to June 2023, the weather in Europe was generally not very hot, with the exception of several countries such as Spain and Greece. There were also many negative factors in the economy, such as a movement to curtail investments under the influence of high inflation and high interest rates. Europe, which led the global air conditioner market in the first half of last year, has lost its momentum this year.