RAC/PAC
2.2 Europe
The European economy appears to have finally hit bottom. Although the contractions in the European air conditioner market were smaller in 2013 than in the previous years, the PAC segment still shrank ...
1.11.4 South Africa
According to the United Nations, GDP per capita in South Africa may catch up to China in 2017. The South African natural resources industry has been a driver of economic development and higher levels of personal consumption. With explosive growth in South Africa’s middle class, the local air conditioner market enjoys great potential. Air conditioner market size in South Africa is estimated ...
1.11.3 Algeria
While political uncertainty remains, increased consumer purchasing power and heat waves sparked explosive growth in Algeria’s air conditioner market in 2013. The market size is estimated at about 797,000 units in 2013. Ductless split air conditioners account for 80% of the market, while window units take 20%. According to China Customs, imports of air conditioners from China topped 1 millio...
1.11.2 Nigeria
The Nigerian air conditioner market size is estimated at more than 428,000 units in 2013, a 16% decrease from the previous year mainly because of the politic unrest. Ductless split air conditioners ac...
1.11.1 Egypt
In 2013, political instability in Egypt severely impacted production and sales of air conditioners. Egyptian air conditioner demand came to nearly 430,000 units in 2013, down 32% from the previous yea...
1.11 Africa
The African economy has enjoyed 5% annual growth since 2000, which is attributed to rapid development in its resource industries including crude oil and minerals, which are in high demand by China and...
1.10.3 Mexico
Driven in part by U.S. economic growth, Mexico is predicted to enjoy 3.3% GDP growth in 2013 and 3.6% in 2014, much higher than the growth seen in Brazil. Production costs are much lower in Mex...
1.10.2 Argentina
Argentina is experiencing an economic downturn and has imposed strict restrictions on imports with strengthened foreign currency controls. Personal income is declining along with weakened purchasing power. Argentine air conditioner market size is estimated at more than 1.2 million units in 2013, representing a 2.1% year-on-year increase, which is lower than the growth shown in Brazil or Mex...
1.10.1 Brazil
Brazil is the largest country in Latin America in terms of land size and population, and its air conditioner market shows strong future promise. JARN estimates that the Brazilian air conditioner market reached 3.9 million units in 2013. The peak air conditioner sales season in Brazil starts in October and continues until the following February. Summer weather from the end of 2013 to the beg...
1.9.4 Iran
Iran’s air conditioner market scale in 2013 is estimated a t 4 67,000 units. The market fell 8.4% compared with the previous year due to the international economic sanctions imposed on Iran. However, with a large population of over 76 million and a very hot climate in summer, the market has future potential. Easing or elimination of the economic sanctions is key to future growth. Iran is im...
