RAC/PAC
1.4 Japan
In 2012, although the air conditioning industry suffered from electricity shortages, post-earthquake reconstruction demand led to steady levels of air conditioner shipments. According to statis...
1.3.8 Russia
The period 2011-2012 was a low point for sales of packaged air conditioning equipment in Russia, reflecting a sharp slowdown in the country’s economy in general. Sales of consumer goods stagnated and ...
1.3.7 United Kingdom
The economic outlook for the United Kingdom is ‘pretty bleak’ says BSRIA with the construction industry now in a deep recession and is unlikely to begin its recovery before 2015. Refurbishment has bec...
1.3.6 Germany
As Europe’s largest economy, Germany has weathered the recession better than many of its neighbors and its GDP growth is expected to be 2% in 2013. Air conditioning is centered mainly in offices and o...
1.3.5 France
The recession is judged to be finally coming to an end for France but economic recovery will be slow. There are no signs of any immediate pick up for the construction industry or in renovation. New buildings will cost more because they have to conform to the 2012 energy regulations which will impact directly on the HVAC industry by reducing the demand for heating or cooling. Penetration of air con...
1.3.4 Turkey
The global recession and turmoil in the Eurozone caused a temporary setback for Turkey in 2008 but the economy recovered substantially by 2010 with a growth of 9%. The next few years can expect annual growth at over 4%, according to a report by the OECD. The Turkish air conditioning market is 15th in world ranking in terms of volume and is becoming more progressive in its use of advanced te...
1.3.2 Spain
Spain continued its economic decline with little prospect of any significant improvements in the near future. Drastic cuts have been made in public spending and most infrastructure projects have been ...
1.3.1 Italy
The prospects for an Italian general economic recovery look bleak following a 2.3% fall in 2012 and a further 0.4% expected this year. Exports grew marginally in 2012 and this could be a source of future growth following rising global demand. In 2012, penetration of air conditioning reached 44% in the commercial sector and 21% in the residential sector. Windows continued their downward sales trend...
1.3 Europe
Alan Field reports on overview of the latest BSRIA report The latest report from the UK research institute BSRIA takes in Europe, the Americas, Asia Pacific, the Middle East, India and Africa. ...
1.2.2 Canada
According to the Heating, Refrigeration and Air Conditioning Institute (HRAI) of Canada, commercial air conditioning shipments increased 9% from 39,275 units in 2011 to 42,873 units in 2012. Commercia...
