JARN News
2.9 SOUTH KOREA
The ongoing economic recession and global inflation have created a complex export environment. Korea Refrigeration and Air-conditioning Industry Association’s (KRAIA’s) statistics show tha...
2.8 AFRICA
Although Africa has a small VRF system market currently, its population base and economic development are strong enough to make it a potentially large market. The African VRF market in 2022 showed ...
2.7 LATIN AMERICA
The Latin American market continued to recover in 2022. JARN estimates that Latin America achieved 9.6% increase compared with 2021, reaching 42,000 units based on outdoor units. Resumption of constru...
2.6 MIDDLE EAST
According to the IMF, the real GDP growth rate of Saudi Arabia and other Gulf Cooperation Council (GCC) countries reached 6.4% in 2022. The growth rate remained at 4.4% among non-oil-producing countri...
2.5 OCEANIA
The economies of Australia and New Zealand have recovered from the pandemic smoothly. The VRF market increased steadily in 2022. Australia Australia achieved single-digit growth in 2022....
2.3 SE ASIA
Thailand and Vietnam experienced unusual weather conditions last summer; and the pandemic has caused a prolonged shortage of skilled workers. Moreover, issues such as a negatively affected supply of e...
2 REGIONAL -2.1 UNITED STATES
The pandemic is finally showing signs of calming down today, more than three and a half years after the onset of the outbreak, which was followed by the emergence and disappearance of many variants of...
Bosch Ramps Up Heat Pump Production in Europe
German manufacturer Bosch has invested heavily since 2018 in order to expand its European heat pump development and manufacturing network. The company is to launch a new manufacturing site in Poland, ...
Thai AC Production and Sales Soar Thanks to Hot Weather
In Thailand, hot weather is spurring sales of air conditioners. The period spanning early March to mid-May is the official summer season, although the tropical country has an average temperature of ab...
Hisense Japan Unveils H Series RACs with Improved Energy Sav
In early May 2023, Hisense Japan began selling its H series room air conditioners (RACs) comprising four models that feature improved energy savings and cooling/heating capacity. The H series model...
