Europe
4 CONTRIBUTIONS: 4.1 ITALY
Reported by Centro Studi Galileo, Italy During the first 10 months of 2017, the Italian air conditioner market showed an unexpected trend. Despite a very hot summer, the total volume of air conditione...
2.5 EUROPE: Eastern Europe
The weather in Eastern Europe was unusually cold at the beginning of the 2017 sales season. In Poland and the Czech Republic, it was still snowing in March and April, resulting in a very slow start to...
2.5 EUROPE: Germany
According to the IMF, Germany’s GDP growth rate came to 1.9% in 2016, and is estimated at 2.1% in 2017. In addition to personal consumption, which has been a major economic support, growth in trade an...
2.5 EUROPE: France
According to the IMF, France’s GDP growth rate was 1.2% in 2016, and is estimated at 1.6% in 2017. While growth in private consumption and capital investment contributed to favorable internal demand, ...
2.5 EUROPE: United Kingdom
In a nationwide referendum held on June 23, 2016, the United Kingdom voted to leave the EU in what is known as Brexit. According to the IMF, the UK GDP growth rate came to 1.8% in 2016 and is estimate...
2.5 EUROPE: Turkey
Turkey’s economy took a downturn in 2016 with the political instability in the country. The government’s subsequent political and economic initiatives appear to be having a positive impact, however. A...
2.5 EUROPE: Greece
According to a report by the IMF released in October 2017, Greece’s GDP growth rate was 1.8% in 2017 to finally show recovery after posting 0.01% growth in 2016. In addition, Greece enjoyed hot summer weather last year, similar to France. Sales of RACs in the 2017 Greek market grew by 1.0%, with the market scale reaching 210,000 units. Fujitsu General and its partner have a strong po...
2.5 EUROPE: Spain
According to the IMF, Spain’s GDP growth rate came to 3.1% in 2017, marking the third consecutive year of growth at the 3% level. Spain is the fourth-largest air conditioner market in Europe, f...
2.5 EUROPE: Italy
Italy is the largest air conditioner market in Europe, but the air conditioner penetration rate is a mere 30%. In 2016, sales of air conditioners in Italy exploded due to the intense heat and caused i...
2.5 EUROPE
Europe was hit with intense heat in 2016, and RACs were hot sellers from the start of the season, resulting in inventory shortages in countries like Italy. In contrast, the temperatures were not so hi...
