Applied
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...
2.4.5 France
France is still in the recovery mode from the recession but the forecasts are optimistic for a renewal of GDP growth in 2015/2017 when construction will return to being positive. For central plant systems the market was valued at US$ 335 million in 2014. Chiller sales fell by nearly 14% in 2013 but the trend was reversed in 2014 to reach US$ 166 million and consistent growth in terms...
2.4.4 Russia
The prospects for the Russian economy in general is not good with zero gross domestic product (GDP) growth in 2014 and a 0.25% recession likely in 2015. The value of central systems fell sharply...
2.4.3 Italy
The Italian market for central plant equipment has suffered mainly from the lack of large scale projects. Total sales were around US$ 440 million in 2014. Chillers at US$ 247 million make up over half the value of the central plant industry which includes AHUs and fan coils. Although sales fell slightly in 2014 the balance is expected to be restored in 2015 with the prospect of modest incre...
2.4.2 United Kingdom
The UK central plant market was valued at US$ 455 million in 2014 representing a significant growth on the preceding year although earlier from 2009 growth was variable. Chiller sales in 2014 totaled around US$ 148 million. The mix has changed with losses in magnetic bearing machines and gains in scrolls and screws. Although demand for large centrifugals fell, the prospects in the next few ...
2.4.1 Germany
The central plant sector remains the largest air conditioning market in Germany and one of the largest in Europe at US$ 845 million. Penetration of air conditioning in the commercial sector is around ...
2.4 Europe
Reported by Alan Field, based on the BSRIA market survey This is a report about the 2015 European market for central plant air conditioning equipment based on the World Air Conditioning 2015 report published earlier this year by the UK research association BSRIA. Statistical data in this article is quoted by permission of BSRIA from an earlier report and represents preliminary results only:...
2.3 Japan
Although the Japanese economy experienced a large rush demand during the January-to-March period of 2014 prior to the consumption tax increase in April, demand fell thereafter. The real GDP growth rat...
2.2 China
According to BSRIA, China’s chiller sales in 2014 surpassed US$ 2.8 billion, a 4.5% increase compared with 2013. Growth in the Chinese market has slowed compared to the period of rapid high gro...
2.1.2 Canada
According to BSRIA, Canada’s chiller demand was 826 units in 2014 at a value of US$ 41.7 million, an increase of 7.8% compared to 2013. Data from the Heating Refrigeration and Air Conditioning ...
