Other Asia
1.3.6 Philippines
The Philippine market is characterized by stable development with little fluctuation. JARN estimates the Philippine market size at about 631,000 units in 2014, marking expansion of 4.4% compared with ...
1.3.5 Vietnam
Vietnam has a growing population of 90 million with a strong cultural focus on education. The percentage of high school students going on to university is rising, reflecting the rising income levels i...
1.3.4 Singapore
Growth in Singapore’s air conditioner market is trending slower, but is expected to remain stable in the coming years. The government is moving to restrain real estate investment, which is casting a s...
1.3.3 Malaysia
Malaysia experienced a cool summer in 2014, and the awaited introduction of a new Goods and Services Tax (GST) had a dampening effect on purchasing appetites, keeping growth low. Market demand ...
1.3.2 Thailand
The country’s political situation appears to be stabilizing. Thailand’s Valued Added Tax (VAT) rose from 7% to 10% in October, with a rush in air conditioner demand before the tax increase. Tha...
1.3.1 Indonesia
Indonesia elected a new president in 2014 and the political situation appears stable. The public policy outlook shows relatively high internal demand and sustained economic growth. The lifestyle of ci...
1.3 Southeast Asia
The penetration rate of air conditioners is still low in Indonesia, the Philippines, Thailand, and Vietnam. Demand from the burgeoning Southeast Asian middle class that does not yet own an air conditi...
Indonesian AC Market in 2014
Reported by Yoshiharu Osumi, HVAC&R Advisor, Indonesia The Indonesian economy slowed in 2014, reflecting sluggish investment due to the uncertain political situation as well as slack exports affec...
Air Conditioner & Fan Sales Rise in Vietnam
At electronics stores in Hoh Chi Minh City, demand for air conditioners and fans have recently skyrocketed with the onset of summer. According to the Southern Hydrometeorology Station, the city and southeastern region entered the hot, dry season 10 days earlier than normal, and this weather was forecast to continue until the end of April or early May. According to a marketing director of Ng...
Next Step Forward in Gas Turbine Power Augmentation
Johnson Controls launches first containerized Gas Turbine Inlet Air Cooling solution in the market SINGAPORE, April 28, 2015 -- Johnson Controls, a global multi-industrial company, launches YCP-2020, ...
