RAC/PAC
2 |10 LATIN AMERICA
Economic recession in Latin America over the past two years obliged many international companies, including U.S. and Japanese companies, to close local businesses and withdraw from the local market. I...
2 |9 MIDDLE EAST
Political instability has affected the Middle East for a long time, and its air conditioner market has lost the strong growth momentum experienced in the past. The Middle Eastern air conditione...
2 |8 AUSTRALIA
Australia is a mature and stable market dominated by Japanese brands. No big fluctuations were seen in the 2016 market, which recorded sales of 887,000 units with 2.0% growth compared with 2015. Heat ...
2 7 KOREA
A hot summer pushed up Korea’s air conditioner demand in 2016. It is estimated that RAC and PAC in-creased by 35% and 21% year on year respectively, and the air conditioner market reached 2.46 million units. The air conditioner penetration rate stood at 70% in the country, lower than that of televisions, refrigerators, and washing machines. Electricity rates are high in the country, ...
2 |6 JAPAN
According to statistics from the JRAIA, domestic shipments of RACs in 2016 estimates at 8.8 mil-lion units, up 2.7 % compared with 2015. In 2016, since Japan experienced many hot days from arou...
2 |5 EUROPE
Heat waves in the summer of 2015 helped clear up all RAC inventories across Europe. Almost all RAC manufacturers entered 2016 with very positive situations in the market. In early 2016, RAC dis...
2 |4 INDIA
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal Market Structure The Indian air conditioner market is highly fragmented, with over 20 competitors in the fray. There was no sig...
2 |3 S.E. ASIA
In 2016, the seven major countries in Southeast Asia, namely Indonesia, Vietnam, Thailand, Malaysia, the Philippines, Myanmar, and Singapore, have seen their air conditioner market scale increase by 1...
2 |2 CHINA
Reported by Zhang Yanbin from AVC According to All View Consulting (AVC), retail sales of air condition-ers in China amounted to 47.12 mil-lion units in 2016, indicating 7.6% growth from 43.79 ...
2 REGIONAL: 2 |1 N. AMERICA
United States As one important economic mea-sure for the HVAC market, the U.S. consumer confidence index rose in September to its highest level in nine years, showing that the economy continued to rec...
