RAC/PAC
4 CONTRIBUTIONS: 4.3 INDONESIA
Reported by Yoshiharu Osumi, HVAC&R Advisor, Indonesia The Indonesian GDP growth rate in 2017 recorded a lower level than that of other ASEAN countries. The country’s consumer electr...
4 CONTRIBUTIONS: 4.2 BRAZIL
Reported by the Brazilian Association for HVAC&R (ABRAVA) The Brazilian economy stagnated in 2017. There were no signs of improvement in domestic consumption and unemployment, and many publ...
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...
3 TECHNICAL TRENDS
Overall, Manufacturers continuously develop models that offer higher levels of convenience and attempt to outperform the competition in improved energy savings, comfort, air purification, easy mainten...
2.11 AFRICA: South Africa
According to the IMF, South Africa’s GDP growth rate in 2016 was a dis-mal 0.3%, hampered by a downturn in the agricultural and mining industries. Companies also held off on making capital investments...
2.11 AFRICA: Algeria
Algeria’s economy is significantly affected by the price of oil. According to the IMF, Algeria’s GDP growth rate in 2016 came to 3.3%. Its 2017 growth rate is forecast to be 1.5%. Algeria’s air conditioner market scale in 2017 was 474,000 units, an increase of 15.5% compared with 2016. Gree, Midea, TCL, and Galanz are major export brands. Many air conditioners are re-exported from Al...
2.11 AFRICA: Nigeria
According to the IMF, Nigeria’s GDP growth rate was a -1.6% in 2016, dragged down by the col-lapse of oil prices. The growth rate of the country’s manufacturing industry, which largely relies on impor...
2.11 AFRICA: Egypt
Egypt moved to free float its currency in November 2016, a reform required by the IMF to receive its funding. The resulting funding has helped make more foreign exchange available, but has also sparke...
2.11 AFRICA
Overall economic conditions in Africa were not favorable in 2017, and summer weather was relatively mild. The African air conditioner market in 2017 reached 2.8 million units, showing a decline of 1.6...
2.10 LATIN AMERICA: Mexico
According to the IMF, Mexico’s GDP growth rate was projected to reach 2.2% in 2017 to mark three consecutive years of positive growth. In 2017, the RAC market in Mexico grew by 5.0% to 859,000 ...
