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2017.11.26

3.4 ITALY

Reported by Centro Studi Galileo, Italy Since 2014, the Italian market has shown small, yet constant growth in all sectors of the industry, as well as in the air conditioning and refrigeration (AC&...

2017.11.26

3.3 BRAZIL

Reported by the Brazilian Association for HVAC&R (ABRAVA)   The Brazilian air conditioning market suffered because of the economic crisis and a reduction in the level of both public and priva...

2017.11.26

3.2 RUSSIA

Reported by Litvinchuk HVAC Marketing Research Agency and APIC, Russia   Positive trends that emerged in the Russian chiller market at the end of 2016 continued to develop in 2017. According to t...

2017.11.26

3 CONTRIBUTIONS: 3.1 SPAIN

Reported by Asociacion de Fabricantes de Equipos de Climatizacion (AFEC) Market Situation in 2016 During 2016, the Spanish heating, ventilation, and air conditioning (HVAC) market maintained a growing trend.   When analyzing the various data, we can state that, although the results for 2016 haven’t been as buoyant as those obtained in 2015, this was the first out of the last nine years during...

2017.11.26

2.10 AUSTRALIA

Australia’s economy is largely affected by the Chinese economy and market prices of raw materials. Its GDP in 2016 recorded a 2.52% increase, up from 2.41% in 2015.   According to BSRIA, Australi...

2017.11.26

2.9 LATIN AMERICA -- Mexico

In the context of the job-saving American policy advocated by the U.S. President Donald Trump, several manufacturers including Carrier have abandoned their plans to shift their U.S. production bases t...

2017.11.26

2.9 LATIN AMERICA -- Brazil

According to ABRAVA, in 2016, the Brazilian HVAC&R market reported sales of 26.5 billion real (US$ 7.9 billion), of which 18.9 billion real (US$ 5.6 billion) was in the industrial segment, 4 billi...

2017.11.26

2.9 LATIN AMERICA

According to BSRIA, Mexico is the largest chiller market in Latin America followed by Brazil. The combined market scale of Mexico and Brazil in 2016 recorded US$ 154.2 million, an 11% year-on-year decrease.   When large roof surfaces are available, rooftop units provide greater flexibility in terms of installation, and they are often preferred over chillers in Latin America for large-capacity...

2017.11.26

2.8 MIDDLE EAST -- Iran

Iran’s GDP came to 6.54%, by far the highest growth seen in the Middle East in 2016. Economic sanctions were lifted on January 20, 2016, but trade sanctions remain in place, which is dampening business activity.   Iran is the second-largest chiller market in the Middle East. Its market scale reached US$ 141.8 million in 2016. This makes it the ninth-largest market in the world, but it was sti...

2017.11.26

2.8 MIDDLE EAST -- Saudi Arabia

According to the IMF, Saudi Arabia’s GDP was 1.74% in 2016, far lower than the 4.11% recorded in 2015. The projection of 0.13% GDP growth in 2017 is also very challenging.   The Saudi Arabian economy is highly dependent on oil, which accounts for approximately 90% of its exports and 80% of government revenue. Aiming to move away from oil dependency and increase employment opportunities for it...

2017.11.26

2.8 MIDDLE EAST

The large scale of the Middle Eastern chiller market remained unchanged in 2016, but its rate of growth slowed. The two largest markets in the region are Saudi Arabia and Iran, and both recorded doubl...

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