RAC/PAC
Air conditioner sales fall in 2015
June 6, 2016 UK: The global air conditioning market contracted by 5% in value terms in 2015 and will recover at a slower pace than previously projected, says BSRIA. The recently published BSRIA...
Unlocking pent-up air conditioning demand
Jun 6, 2016 Air conditioning sales to small end users ‘set to grow’, as prices of premium splits fall. The launch of compact premium air conditioning systems at lower prices is set to stimulate...
World HVAC Equipment Demand to Reach $122 Billion by 2020
6 June 2016 CLEVELAND - Global demand for HVAC equipment is forecast to increase at a 4.1 percent yearly rate through 2020 to $122 billion, according to a new study from The Freedonia Group, a Cleveland-based industry research firm. Growth will slow from the 2010-2015 pace, says the report, due largely to an anticipated moderation in building construction spending in China, the world’s larg...
Daikin to increase sales by 50% by 2020
June 5, 2016 JAPAN: Daikin is looking to increase sales by nearly 50% to JPY3,000bn (?24bn) over the next five years. In the plans revealed in Fusion 20, the company’s strategic management plan...
IR commits $500m to GHG reductions
June 3, 2016 USA: Ingersoll Rand, parent of Trane and Thermo King, is to invest $500m in r&d to reduce greenhouse gas emissions. The financial investment is part of its commitment to the Cl...
Sharp Mini Splits Now Available on ComfortUp.com
June 2, 2016 MIAMI - Sharp has started selling mini splits on Comfortup.com, a leading online retailer of Watsco Group. ComfortUp.com will be offering the full line of Sharp ductless mini split heat p...
United Technologies Acquires Commercial HVAC Business in Aus
June 2, 2016 SYDNEY - United Technologies has acquired the commercial HVAC product sales and commercial service divisions of AHI-Carrier (Australia) Pty Ltd, a UTC joint venture in Australia. The newl...
BSRIA Global Air Conditioning Study shows market cooled in 2
June 2, 2016 The recently published BSRIA market intelligence study on the global air conditioning market shows that global growth “disappointed again” in 2015 - across all product ranges - and is exp...
Europe: 1st quarter 2016 HVAC-R market trends
31/05/2016 Eurovent Market Intelligence (EMI) has just released the latest trends for the European HVAC&R market *AHU: Air handling Units Source : Eurovent Market Intelligence &nbs...
UTC acquires Australian joint venture
May 31, 2016 AUSTRALIA: United Technologies has acquired the commercial HVAC product sales and commercial service divisions of its joint venture business AHI-Carrier (Australia) Pty Ltd. The ne...
Contractor ditches 'expensive' foreign AC
May 29, 2016 AUSTRALIA: A Perth-based air conditioning contractor is refusing to install foreign brands, accusing them of being unsuitable for the Australian climate and expensive to run. Mike ...
MHI confirms AC split
May 28, 2016 JAPAN: Mitsubishi Heavy Industries (MHI) has confirmed an absorption-type company split agreement which will see its air conditioning and refrigeration becoming a a wholly owned subsidiar...
