Europe
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25 May 2018 Conex Bänninger has built a reputation as one of the leading innovators and manufacturers of high quality plumbing fittings and valves in the world. ‘Excellence since 1909&rsqu...
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The VRF market in Eastern Europe is marking steady growth. In addition to Japanese and South Korean players, Chinese companies are also emerging on the scene. Chinese manufacturers position Eastern Europe as a priority market for their VRF products and are increasing their product exports. The entire Eastern European VRF market excluding Russia rose by 20% in 2017 compared with 2016. Pola...
Russia
According to the IMF, Russia’s GDP growth rate came to 1.7% in 2017. This is the first positive growth recorded since 2014. The economy was fairly stable in 2017, and investment related to the 2018 FIFA World Cup helped add to VRF demand. Russia’s VRF market increased to 7,000 units in 2017. As long as Russian politics stay stable, substantial growth is expected in 2018. Daiki...
Turkey
Political stability has helped usher in a greater number of government-led projects. The summer of 2017 also saw heat waves, and VRF demand even in the residential sector is posting steady recovery. ...
Germany
The German VRF market increased to 12,300 units in 2017, growth of around 7.5%. Daikin is the leading brand in Germany, followed closely by Mitsubishi Electric and MHI. Partnering wi...
Spain
Spain saw economic recovery, boosting growth of VRF sales. The VRF market showed double-digit growth, reaching 9,600 units in 2017. The top two brands in the market are Daikin and Mitsubishi ...
Italy
VRF market scale in Italy increased to 19,000 units in 2017. Like other European markets, the Italian VRF market is a replacement market. Stores have been increasing their investments, and re...
France
Capital investment did not grow in France, but fair weather in 2017 did help HVAC demand. The VRF market in France increased to 21,000 units in 2017. France is actively promoting green buildings that use highly heat-insulated walls. The rooms in green buildings are quite warm in winter due to good airtightness provided by double-glazed windows that also offer a shading function. The indoo...
United Kingdom
The UK’s VRF market recorded only 4.7% growth as the effects of Brexit have begun to emerge. VRF sales in the United Kingdom was 19,900 units in 2017. More than half of the UK’s VRF market...
EUROPE
VRF growth rates vary widely in Europe depending on the region. As a whole, Europe showed solid growth in the range of 5% year on year. The effects of Brexit are gradually surfacing in the UK, and its...
