Applied
Chiller Market Report — ITALY
Reported by Jacques Gandini, managing director of Studio Gandini, Italy AC Market After five years of continuous growth, from about €1 billion (about US$ 1.16 billion) in 2014 to about ...
3.7 SOUTHEAST ASIA - Malaysia
The GDP growth rate of Malaysia in 2020 was the worst since the 1998 Asian currency crisis. Due to the impact of the pandemic, the operation of private enterprises has been quite badly hit. The govern...
3.7 SOUTHEAST ASIA - Thailand
Affected by the national blockade policy, the GDP of Thailand’s economy, which is mainly driven by tourism and foreign trade, fell by 6.8% year on year during the first three quarters. Since the...
3.7 SOUTHEAST ASIA - Indonesia
The Indonesian chiller market in 2020 decreased to US$ 63.2 million, down 23.5% compared with 2019. Air-side products saw a market volume of US$ 21.1 million, down 23.3% year on year. Compared with...
3.7 SOUTHEAST ASIA
In 2020, the GDP of the six Association of Southeast Asian Nations (ASEAN) countries (Vietnam, Thailand, the Philippines, Singapore, Malaysia, and Indonesia) fell to the lowest level in 20 years. Viet...
3.6 SOUTH KOREA
South Korea’s market size for chillers was US$ 180.7 million in 2020, down 3.5% compared with US$ 187.3 million in 2019. South Korea is the fifth-largest chiller market in the world after China,...
3.5 INDIA
Reported by Rakesh Kumar, managing editor, ISHRAE Journal Chillers Industry sources estimate the Indian market scale in 2020–2021 to be around 4,700 chillers (1,138,000 tons), recordin...
3.3 JAPAN
According to the Economic and Social Research Institute (ESRI), Cabinet Office, Government of Japan, the real GDP growth in fiscal year 2020 (ending March 2021) was –4.4%. Demand for central ...
2 MARKET TRENDS
Applied systems comprise a heat-source chiller and air-side equipment such as AHUs and FCUs, along with pumps used to convey chilled and cooling water, water pipes, cooling towers to dissipate heat ou...
Panasonic’s ECOi-W Chiller Series Enhances Product Functiona
Panasonic Appliances Air Conditioning Europe released the ECOiW heat pump chiller series in 2019. In 2020, by launching the coolingonly units, the company has made it possible to realize total solutio...
