RAC/PAC
2.8 OCEANIA
Australia The Oceanian RAC market in 2022 recorded single-digit growth, while the PAC market is estimated to have been flat year on year. Australia is dominated by ducted systems, especially in ...
2.6 JAPAN
In Japan, even though the pandemic continued in 2022, the government no longer asked people to refrain from going out, so people are on the move again, driving the recovery of personal consumption. Ec...
2.5 EUROPE
Double-digit growth in the RAC market occurred in Spain, and in the PAC market in the United Kingdom, but growth was less strong in other countries. The reasons for the moderate overall increase are t...
Mitsubishi Electric to Build an Indian Plant for RACs and AC
On January 12, 2023, Mitsubishi Electric announced that it will invest some ¥26.7 billion (about US$ 222.5 million), in its subsidiary company Mitsubishi Electric India to establish a factory for ...
2.4 INDIA
Reported by Rakesh Kumar, managing editor, ISHRAE Journal Economic Scenario During FY 2021–2022, the Indian economy is estimated to have clocked gross domestic product (GDP) growth of about ...
2.3 SOUTHEAST ASIA
After a sharp decline in 2021, the Southeast Asian market experienced unsatisfactory growth in 2022. Many companies note that the market has not recovered to the expected level, and the recovery in ke...
2 REGIONAL – 2.1 NORTH AMERICA – Canada
According to January to September 2022 shipment data from the Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI), the ducted-splits market showed a slight decrease 1.0% year on yea...
2 REGIONAL – 2.1 NORTH AMERICA – United States
The mainstream products in the U.S. air conditioner market are ducted unitary systems and window units. In recent years, there has been particularly strong demand for residential and commercial-use du...
2.2 CHINA
According to JARN’s estimates, the Chinese RAC market decreased 5.1% year on year to 47.7 million units in 2022. In 2022, China experienced continuous high-temperature days in summer across b...
Aermec launches next generation active chilled beam technolo
27th January 2023 Soaring energy bills and managing ever more complex building performance presents many challenges. The launch of Aermec’s next generation chilled beams, offering c...
