Applied
2.8.4 Vietnam
Vietnam’s chiller market size was US$ 32.6 million in 2014, an increase of 1.8% compared with 2013. The reciprocating, screw, and scroll chiller segment recorded US$ 14.8 million at a 12.5% growth rate, which compensated for the 4.7% decline in the centrifugal chiller segment. Vietnam enjoys geographic advantages, with deep seaports and convenient shipping routes to Europe and the United St...
2.8.3 Malaysia
Malaysia’s chiller market increased to US$ 68.4 million in 2014 from US$ 61.8 million in 2013, recording 10.8% year-on-year growth thanks to a 43.4% increase in the combined segment of reciprocating, ...
2.8.2 Thailand
Thailand’s interim government has not carried out plans for its investment budget, which has led to suspensions or delays of public works projects. This in turn negatively has affected the constructio...
2.8.1 Indonesia
Indonesia saw GDP growth of 5.02% in 2014, the lowest in the last five years. Public investment was down along with postponed construction of office buildings and hotels. Indonesia is the large...
2.8 Southeast Asia
According to BSRIA, the total chiller market in four countries, namely Indonesia, Thailand, Malaysia, and Vietnam, recorded a 9.4% year-on-year decline, from US$ 302.8 million in 2013 to US$ 274.3 mil...
2.6 Korea
According to BSRIA, Korea’s market size for chillers was US$ 204.4 million in 2014, a 0.5% rise compared with US$ 203.3 million in 2013. The absorption chiller segment led the market at US$ 88.4 milli...
2.5 India
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal Economic Environment The Indian economy, which had slowed down in the last couple of years, picked up towards the end of 2014 and grew...
New CPD guide to chiller technologies
17 November 2015 Mitsubishi Electric has launched the latest in its free CPD-Accredited industry guides with a focus on Chiller technologies and role they can play in helping reduce both energy consum...
2.4.7 Spain
The Spanish economy continues to recover from the downturn of the recent past and GDP is forecast to reach 1.8% in the current year. Construction should also show a return to growth in 2015. By...
2.4.6 Turkey
Turkey has a thriving economy with GDP currently at around 3%. A large population and consumer buying potential are the main drivers. Construction output is forecast to increase steadily over the next two years. Uncertainties nevertheless exist over future developments in neighboring Middle Eastern countries as well as continuing political unrest within Turkey itself. The central plant mark...
