JARN News
EUROPE--Italy
Italy is the largest air conditioner market in Europe, but the air conditioner penetration rate is 32%. Air conditioner sales in Italy grew steadily in 2018, increasing about 6% to 1.15 million units....
SE ASIA--Others
Cambodia Cambodia has experienced a scorching summer with rising demand. In early 2018, the World Bank estimated that Cambodia will see an economic growth rate of up to 6.9% in 2018. After decelera...
SE ASIA--Singapore
Singapore has seen a slight year-on-year decrease in the RAC market in 2018. The local market lacked growth momentum, and only maintained its market volume or presented slight growth. The PAC market i...
SE ASIA--Myanmar
Myanmar’s air conditioner market scale was 327,000 units in 2018, up 10% from 2017. Myanmar’s middle class is expected to grow, and the country has a population of over 50 million and a...
SE ASIA--The Philippines
In Southeast Asia, only the Philip- pines saw uneventful weather conditions in summer. The Philippines experienced favorable weather conditions when the air conditioner season arrived. However, the co...
SE ASIA--Vietnam
The growth rate of the Vietnamese market has fallen short of expectations because of unfavorable weather conditions. This year, air conditioner sales started early in Ho Chi Minh City, but the summer ...
SE ASIA--Malaysia
The air conditioner market was challenging due to unfavorable weather conditions. Moreover, Malaysia has gone through a series of tax reforms, so consumers are no longer actively purchasing air condit...
SE ASIA--Indonesia
RAC demand in Indonesia showed slight growth year on year, and the market in 2018 grew by 4%. The local market is on the right track with stable growth, leaving behind the negative growth experienced ...
SE ASIA--Thailand
Thailand has seen cool summers for two consecutive years. In 2018, the beginning of summer in Thailand occurred two weeks later than usual. It started on March 3 with sweltering weather in most areas ...
2.4 INDIAN SUBCONTINENT--Pakistan
According to statistics released by Pakistan Central Bank, the country has seen a record high GDP growth rate in 13 years in the 2017 to 2018 fiscal year, up 5.8%, which was 0.4% higher than the previ...
