Panasonic

OVERVIEW

1:World VRF Market – 2020 Update: 1 OVERVIEW

World VRF Market – 2020 Update: 1 OVERVIEW

According to JARN’s database, based on outdoor units, the global variable refrigerant flow (VRF) system market has reached 1.86 million units. The growth rate of VRFs was only 4.9% because of a persistently sluggish economy, but mini-VRFs for homes and small offices continued to maintain a high growth rate, with an increase rate of 8.6%. Compared with other types of air conditioning, VRF is

OVERVIEW

1:World VRF Market – 2020 Update: 1 OVERVIEW

According to JARN’s database, based on outdoor units, the global variable refrigerant flow (VRF) system market has reached 1.86 million units. The growth rate of VRFs was only 4.9% because of a ...

2.1:2.1 CHINA

In 2019, China’s VRF system market including residential and commercial systems grew by 3.8% year on year, with a total sales volume of million units. Among them, the commercial VRF market exper...

2.2:2.2 EUROPE

Growth of the European economy showed initial signs of stability in 2019. Weakness and uncertainty in international trade affected manufacturing, but strong growth was seen in the services and constru...

2.3:2.3 JAPAN

Japan’s actual economic growth rate was only 0.9% in 2019. The number of new apartments built declined, down by 16.3% in 2019 from the same period in 2018. This is the lowest level since 1992. ...

2.4:2.4 SE ASIA

In 2019, the overall situation of Southeast Asia’s economy was good. It is generally believed that the overall GDP of Southeast Asia grew by 5.2% in 2019. The Southeast Asian market is one of...

2.5:2.5 NORTH AMERICA

In 2019, the U.S. economy marked its longest recovery period since the Lehman Brothers bankruptcy in 2008. After the Obama administration, it continued to perform well, partly thanks to the effects of...

2.6:2.6 INDIA

Reported by Rakesh Kumar, managing editor, ISHRAE Journal Economic Scenario India’s GDP growth for the financial year from April 2019 to March 2020 is estimated at 6.1%, against 7.3% in the ...

2.7:2.7 LATIN AMERICA

The political environment in Latin America has been unstable, and changes of government are the main causes of social and economic instability. In particular, during years in which general and preside...

2.8:2.8 AUSTRALIA

According to the International Monetary Fund (IMF), Australia’s GDP in 2019 grew by 1.7% compared with 2018. The VRF market increased by 3.7% year on year, with total market demand at 15,900 ...

2.9:2.9 MIDDLE EAST

Economic growth in the Middle East and North Africa has slowed since the beginning of 2019. The decline in oil production resulted in a significant decrease in growth of GDP in oil-exporting countries...

2.10:2.10 SOUTH KOREA

In the first quarter of 2019, South Korea’s GDP showed negative growth, then rebounded slightly in the second quarter, increased by 0.4% in the third quarter and 1.2% in the fourth quarter. Real...

2.11:2.11 AFRICA

Africa’s economy gradually recovered in 2019, and the GDP growth rate accelerated to 3.5 from 2.8% in 2018. The middle class constitutes the majority of the air conditioner consumers. Most of...

3.1:3.1 ITALY

Reported by Jacques Gandini, managing director, and Eng. Ennio Rizzon, senior consultant HVAC, of Studio Gandini, and Dr. Stefano Portolani of ANDEC (Italy) The Italian variable refrigerant flow (...

3.2:3.2 BRAZIL

Reported by ABRAVA, Brazil The Brazilian economy in 2019 fell short of the country’s needs, with gross domestic product (GDP) growth of only 1.1%. Although this growth is low in view of th...

3.3:3.3 TURKEY

Reported by Ozan Atasoy, chairman of ISKID, Turkey Economic Situation The Turkish economy continued to face geopolitical international tensions and unreformed political conditions after having exp...

3.4:3.4 SPAIN

Reported by AFEC, Spain Economic Review The Spanish economy as a whole showed a slowdown trend in 2019, due to a volatile international environment. Brexit negotiations, the U.S.-China trade confl...

REFRIGERANT TRENDS

4:4 VRF REFRIGERANT TRENDS

In recent years, global sales of VRF systems have been steadily increasing. Currently, VRFs mainly use R410A refrigerant with a GWP of 2,090. As greenhouse gas (GHG) regulations have advanced in vario...

GHP

5:5 GHP

Gas is an indispensable energy source providing a means of rational and balanced energy utilization. GHP technology is especially important for the reduction of peak electricity usage in summer. GHP i...

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