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Beijing Offers Heat Pump Heating Retrofit Subsidy up to RMB
The Beijing Municipal Commission of Development and Reform has released a notification about the Implementation Scheme titled ‘Strengthening to Vacate Inefficient Industry Space for Retrofit and Reutilization’ to boost high-quality industry development. The supporting condition of the scheme notes that: green energy saving retrofits will be implemented simultaneously with building r...
High Inventory Volume Causes Air Conditioner Sales Drop in C
According to aircon.com, China has recently had a sluggish air conditioner market. The air conditioner market in China saw a turning point in July 2023, when over 20% growth in delivery was achieved, followed by a cliff-like drop. August and September suffered year-on-year declines in delivery volume within China, with a falling scale of over 10%. Major regions in the domestic market such as Easte...
Guangdong Foshan Promotes Heat Pumps for the Industrial Fiel
Recently, Guangdong provincial government released its Notification of Releasing the Carbon Peak Emission Implementation Scheme in Foshan, which focuses on carbon peak emission actions in industrial field. The goal of this scheme is to promote low carbon transition of energy consumption in the industrial field. Diversified energy consumption in industrial field will be promoted and will include...
China’s Air Conditioner Exports Drop by 3.1% in RY 2023
Economic uncertainty triggered by global inflation, as well as the continuous fermentation of the Russia-Ukraine energy crisis, have led to weakened overseas demand in the second half of 2022, along with a high inventory volume due to a further export decline. In 2023, pandemic prevention measurements have been gradually loosened and production has returned to normal. This combined with lower ship...
Japan’s Domestic AC Shipments: September 2023
Source : The Japan Refrigeration & Air Conditioning Industry Association (JRAIA)...
3 REGIONAL -3.1 NORTH AMERICA
United States The U.S. gross domestic product (GDP) growth rate for 2022 was 2.1%, demonstrating the robustness of the economy, according to estimates by the International Monetary Fund (IMF). Mean...
2 MARKET TRENDS
Applied systems consist of a heat-source chiller and air-side equipment such as AHUs and FCUs, as well as pumps that transport chilled and cooling water, water pipes, cooling towers that release heat ...
World Chiller and Air-side Equipment Market – 2023 Update –
The world economy shrank in 2022, inflation worsened, and energy prices skyrocketed. Applied equipment, which is used for commercial purposes, showed a dull market performance. The market outlook for ...
