RAC/PAC
1.9.1 Saudi Arabia
Air conditioner demand in Saudi Arabia is estimated at about 1.8 million units in 2012, about the same as the previous year. Air conditioner market scale in Saudi Arabia is expected to expand in 2013 ...
1.9 Middle East
The Middle Eastern air conditioner market posted contrasting performance in 2012 depending on the country. Countries such as the UAE, Qatar, and Oman saw demand fall due to impact from the European fi...
1.8 Australia
According to the Australian Bureau of Statistics, Australia’s real GDP growth in 2012 reached 3.6% year on year. Mining industry growth slowed, while manufacturing saw gains overall. Business related ...
1.7.2 Pakistan
Pakistan’s air conditioner demand in 2012 decreased from the previous year to around 750,000 units due to impacts from an energy crisis, the depreciation of the Pakistani rupee, political instability, and inflation. The majority of units are fixed-speed models. Pakistan has a long summer, and daytime temperatures in some regions can reach higher than 50oC. With a large population of nearly ...
1.7 Indian Subcontinent: 1.7.1 India
India’s GDP growth is estimated at 5% in 2012, much lower than the government target of 8.5% and indicating lackluster consumer confidence. Along with revisions to the Bureau of Energy Efficien...
1.6.6 The Philippines
The Philippines’ GDP grew 6.5% in the period from January to September 2012. The country sustained flooding and other serious damage from typhoons in both August and December of 2012. JARN estimates the Philippine market size at about 550,000 units in 2012, 7% higher compared with 2011. While the overall market grew only slightly year on year, Japanese manufacturers posted high growth of ar...
1.6.5 Vietnam
Vietnam’s real GDP growth was 5.0% in 2012, the lowest growth recorded over the last 10 years. Economic slowdown has negatively impacted business activities, especially in the real estate and construc...
1.6.4 Singapore
Singapore’s GDP grew just 1.2% in 2012 over the previous year. Construction orders in 2012 were worth S$ 28.1 billion (about US$ 22.7 billion), down 20.8% over 2011, but were shored up by brisk privat...
1.6.3 Malaysia
Malaysia’s real GDP grew 5.6% in 2012 over the previous year. The construction industry posted the highest growth of various sectors at 18.1% mainly thanks to infrastructure projects related to public transportation. Malaysia has a mature air conditioner market. JARN estimates the Malaysian market size at around 860,000 units in 2012, an increase of 7% over 2011. Malaysia imports air...
1.6.2 Thailand
Thailand’s real GDP reached 6.4% year on year in 2012, sustained by ongoing high levels of personal consumption. Companies have recovered from the flood damage sustained in 2011 and recovery demand re...
