RAC/PAC
1.6.5 Vietnam
Vietnam has a large youth population and a hot climate, creating ideal conditions for air conditioner market expansion. The air conditioner market in Vietnam reached 850,000units in 2013, marking 25% ...
1.6.4 Singapore
Singapore’s air conditioner market size is estimated at about 158,000 units in 2013, a 5.3% up from the previous year. RAC market size is estimated at about 127,000 units in 2013. PAC market size is e...
1.6.3 Malaysia
Malaysia is a very stable market. The country’s air conditioner market scale is estimated at 0.9 million units in 2013, up 5% from 2012. Both the RAC and PAC segments posted 3.8% growth from the previ...
1.6.2 Thailand
Thanks to higher temperatures, air conditioner sales in Thailand went strong in the first half of 2013. In the second half of the year, however, the sales was slowing down owing to the economic stagna...
1.6.1 Indonesia
Although Indonesia has experienced drastic currency fluctuations, its economic growth remains robust. Driven by solid economic expansion, Indonesia’s air conditioner market in 2013 grew 9.2% over the ...
1.6 Southeast Asia
Southeast Asia has seen rapid economic growth in recent years with higher per capita income and an expanding middle class. Emerging markets in Southeast Asia serve as strong momentum for growth in the...
1.5 South Korea
South Korea has four seasons, with the warmest weather between July and August. Due to increased urban development and rising average temperatures, air conditioners have become increasingly indispensable in urban areas. Air conditioner utilization has been increasing in recent years with higher temperatures and higher humidity, which is expected to push up demand for energy-saving air conditioner ...
1.4 Japan
In 2013, the Japanese economy continued its moderate recovery, aided by a weaker yen and a rise in the stock market following monetary easing by the Bank of Japan. Nonetheless, the government’s foreca...
1.3.8 Russia
Economic growth in Russia was reduced following the 2008 financial upheaval and GDP growth in 2013 was 1.8%. The government plans to reduce financial support for large construction projects but invest...
1.3.7 Poland
The country has largely escaped theeconomic storms of the Eurozone and although growth fell from a high of 4.3% in 2011 to 1.2% in 2013, it is expected to start rising again from 2014. Construction industry value in 2013 was below the 2012 level but should stabilize in 2014 before regaining growth in 2015. Penetration of air conditioning is 33% in commercial buildings and 2% in residences. ...
