JARN News
2.5 OCEANIA
In the air conditioning market in Oceania, VRF systems are part of a mature segment in which replacements make up about 70% of sales. The market is moving towards energy-efficient products, with the u...
2.4 INDIA
Reported by Rakesh Kumar, consulting editor, ISHRAE Journal Economic Scenario India’s economy continued its growth trajectory in fiscal year (FY) 2023-2024, overtaking the 7% expansion in th...
2.3 SE ASIA
The International Monetary Fund (IMF) estimates that the economy of the Association of Southeast Asian Nations (ASEAN) grew by 4.7% in 2023. This region’s major economies have demonstrated consi...
2.2 EUROPE
During the initial six months of 2023, the air conditioning industry’s performance met the usual expectations. Post-summer, however, the sector saw a decline, mainly due to the impact of rising ...
2 REGIONAL – 2.1 UNITED STATES
Economic Situation In 2023, the United States had largely emerged from the chaos caused by the recent pandemic, but the inflation rate did not return to 2020 levels due to labor shortages, soaring en...
1.2 History of VRF Systems
VRF systems are versatile and can be implemented across various sectors, including residential, light commercial, commercial, and industrial applications. The ability to control temperature independen...
World VRF Market –2024 Update–1 OVERVIEW–1.1 Global Situatio
Data from JARN’s database indicate that the global variable refrigerant flow (VRF) system market in 2023 saw a 5.5% increase in annual sales, reaching 2.08 million units, as measured by outdoor ...
Infusing the Next Generation of LG Home Appliances With ‘Aff
May 20, 2024 LG first incorporated Wi-Fi modules into its home appliances over a decade ago, and since then, the company has continued to enhance home living with its groundbreaking innovations. A ...
U.S. DOE Promoting Heat Pump Rooftops for Commercial Buildin
On April 3, the U.S. Department of Energy (DOE) announced new Better Building Initiatives at the annual Better Buildings, Better Plants Summit, including the Better Buildings Commercial Building Heat ...
Ziehl-Abegg First Fan Manufacturer to Gain Eurovent Certific
German manufacturer, Ziehl-Abegg, is the first to be certified under the new and improved Eurovent Certified Performance program for Fans. Redevelopment of the program started back in the spring of 2023, with the signing of a Memorandum of Understanding (MoU) between Eurovent Certification, the Eurovent trade association, the Air Movement and Control Association (AMCA) International and two of ...
