JARN News
2.5 Europe
Europe experienced mild weather most of the time in 2023, but several parts of southern Europe including Spain suffered from sizzling heat waves. The RAC market grew fast, and a lot of inventory has b...
Washington State Sets New Rules to Phase out Fossil Fuels in
On November 28, the Washington State Building Code Council approved revisions to its new building codes for new home and building construction, which were originally adopted in May 2023 and scheduled ...
COP28 Outcomes to Greatly Impact AC & Heat Pump Industry
Reported by Noboru Kagawa, visiting professor, Waseda University The 28th Conference of the Parties (COP28) to the United Nation Framework Convention on Climate Change (UNFCCC) took place in Dubai,...
Haier to Acquire Carrier’s Commercial Refrigeration Business
– Haier Refrigeration Business to Expand from B2C to B2B, a Milestone Leap On December 14, 2023, Haier Smart Home announced that it had entered into an agreement with Carrier Global to acquire Carrier’s global commercial refrigeration business through acquiring 100% of the equity interest in Carolin Holdings, a Netherlands-based commercial refrigeration specialist in the Carrier Glo...
Carrier Completes Acquisition of Viessmann Climate Solutions
– Carrier to Become a Global Giant in Intelligent Climate & Energy Solutions On January 2, 2024, Carrier Global announced that it has completed the acquisition of Viessmann Climate Soluti...
2.4 INDIA
Reported by Rakesh Kumar, consulting editor, ISHRAE Journal Economic Scenario The Indian economy has shown remarkable resilience during 2023 despite the challenges in the aftermath of the pandem...
2.3 SOUTHEAST ASIA
Overall, the air conditioning market in Southeast Asia was effervescent in 2023. The main markets, in Indonesia, Vietnam, Thailand, the Philippines, and Malaysia, all maintained good growth. The weath...
2.2 CHINA
The bottleneck of the Chinese air conditioner supply chain eased with the full relaxation of pandemic control measures at the end of 2022. In 2023, RAC manufacturers advanced production to solve the t...
2. REGIONAL — 2.1 NORTH AMERICA
United States The inflation rate dropped to 3.2% in November from a high of 7.1% in June 2023, and is closer to reaching the 2% target set by the central bank. The unemployment rate in the United Sta...
World Air Conditioner Market – 2024 Update – 1. OVERVIEW
The global economy has overcome challenges and bounced back in 2023, with the supply chain and shipment returning to normal. However, inflation has soared globally, and prices have risen rapidly. The ...
