RAC/PAC
2.6 South Korea
South Korea’s real GDP growth fell to 2.0% after recording 3.7% growth in 2011. Business investment contracted 1.9% year on year as economic uncertainty grew both at home and abroad. Impacted b...
2.5 India
The economy in India in 2013 is going through a very rough patch, worse than the previous year, with the rupee weakening to almost 65 rupee against the dollar, compared to about 50 rupee against the d...
2.4.7 Greece
The government is said to be optimistic about 2013, seeing it as the last year of the Greek crisis although this is not yet reflected in the performance of the construction industry. Chillers have always been a fairly small market in Greece and in 2012 only around 800 units were sold. This is likely to fall to just over 700 units in 2013 representing a value of about US$ 16 million. Seven s...
2.4.6 Spain
There is little sign of any immediate improvement in Spain’s economy - GDP fell by 1.5% in 2012 with hardly any change expected in 2013. Recession in the construction industry continues in spite of go...
2.4.5 United Kingdom
In the United Kingdom, the construction sector - the main driver for central plant equipment - is described by BSRIA as still being in deep recession despite recent government incentives. Refurbishmen...
2.4.4 Russia
The Russian market for central plant equipment was hit by the 2008/2009 financial crisis but s tarted to recover in 2010 and then grew rapidly in 2011 to virtually level out in 2012. The pick-up was d...
2.4.3 Italy
Italy’s economy fell by 2.3% in 2012 and is forecast to fall again in 2013 by 0.4%. The construction industry could begin a slow recovery in 2014/2015. The prospects for the renovation sector remain p...
2.4.1 Germany
Germany is Europe’s largest economy and fifth largest worldwide. GDP will increase by 2% in 2013. Construction projects are now on an upward trend following the decline in 2008 and prospects for the ACR industry look good. Penetration of air conditioning is forecast to rise to around 62% in the commercial sector by 2015. There has been a steady increase in the number of chillers sold since ...
2.4 Europe
Central Plant Air Conditioning Equipment in Europe 2013 A report by JARN’s Europe correspondent Alan Field based on a market survey from the UK research association BSRIA due to be published later this year. The full set of the final BSRIA reports (see below for availability) will contain in-depth analyses of the current structure of the industry and its future prospects. The general conclu...
Chiller Shipments in Fiscal 2012
The total value of Japan’s chiller shipments in fiscal 2012 (end March 2013) is shown in Table 1. Shipments of positive displacement type (screw, scroll and rotary) chillers were down about 4.0...
