RAC/PAC
1.11.3 Algeria
Algeria is the largest air conditioner market in Africa but continues to experience political uncertainty. Algeria’s market scale in 2015 is estimated at about 356,000 units. According to China Customs, imports of air conditioners from China exceeded 570,000 units in 2015, representing a 43% drop from the previous year. Gree, Midea, TCL, and Galanz are major export brands. Many air conditio...
YORK(R), winner of Trusted Brand Award, unveils unmatched pr
PETALING JAYA, Malaysia - May 25, 2016 - YORK(R), winner of the Trusted Brand Award, showcases its unmatched portfolio of Heating, Ventilation, Air-conditioning and Refrigeration (HVACR) products to m...
ARS Acquires Allgood Plumbing, Electric, Heating & Cooling
25 May 2016 MEMPHIS, Tenn. - American Residential Services (ARS), a national provider of air conditioning, heating, and plumbing services, announced it has acquired the assets of Allgood Plumbing, Electric, Heating & Cooling in Snellville, Georgia. For over 21 years, Allgood operated as a family-owned business in the greater Atlanta area led by Melvin Music, who said, “ARS shares our co...
1.11.2 Nigeria
Nigeria is the largest economy in Africa, and oil export is the pillar of the local economy. A sharp decrease in oil price last year greatly impacted government revenue, triggering a serious economic ...
1.11.1 Egypt
The air conditioner market bottomed out in Egypt in 2014. It has slightly increased as seen in 2015 with 1.3% year-on-year growth, for a total of 550,000 units. Localized production also increased. Over 95% of the market was dominated by split type RACs in 2015. Units with capacity in the range of 12,000 BTU/h (3.5 kW) account for about half of these split types. Egypt is regarded as...
1.11 Africa
In recent years, the African air conditioner market has suffered double-digit decline, which was severely impacted by society instability, weak purchasing power, and unfavorable weather condition. The...
1.10.3 Mexico
Mexico’s air conditioner market scale was estimated at nearly 1.0 million units in 2015. After the several years of growth, the market decreased by 9.1% compared to 2014. However, it maintained its po...
1.10.2 Argentina
Argentina is the second largest air conditioner market in Latin America. Its market scale in 2015 was estimated at more than 1.5 million units, representing a 5.0% year-on-year decrease. However, the demand for RAC, PAC, and VRF type units is expected to rise in the future due to increased construction of high-rise buildings and higher temperatures, mainly in urban areas. Air conditioners a...
1.10.1 Brazil
A price slump for natural resources shrunk Brazilian revenues in 2015. The country has seen political instability, inflation, and currency deterioration. This triggered unrest both economically and so...
1.10 Latin America
In 2015, the Latin American economy was deteriorating. Brazil experienced an especially heavy economic slide that was impacted by a decelerated growth rate in China. Latin American air conditio...
