VRF/GHP

2024.05.27

Samsung Improves Real-life VRF Efficiency Using AI Technolog

JARN interviewed Hyeongjoon Seo, Ph.D., head of Air Solution Technology Lab, R&D Team, Samsung, to hear about the company’s variable refrigerant flow (VRF) product business.   &...

2024.05.27

2.11 JAPAN

Japanese shipment of VRF systems in FY 2023 ending March 2024 are estimated to have reached 147,000 units, almost the same number as in FY 2022, according to the Japan Refrigeration and Air Conditioni...

2024.05.27

2.10 CHINA

Market Trends JARN estimates that the total Chinese VRF market reached about 1.14 million units in 2023, indicating single-digit year-on-year growth. This annual growth of the VRF market in 2023 w...

2024.05.27

2.9 SOUTH KOREA

South Korea’s economic growth rate in 2023 was 1.4%. According to forecasts from the Construction Economic Research Institute of Korea (CERIK), orders from South Korean builders were expected to...

2024.05.27

2.8 AFRICA

In 2023, 18 out of 54 African nations saw their GDP growth exceed 5%, a figure projected to rise to 22 countries in 2024. Africa ranked as the world’s second fastest-growing region, second only ...

2024.05.27

2.7 LATIN AMERICA

The GDP growth rate in Latin American and Caribbean region was 2.2% in 2023. Growth is expected to remain low in 2024 due to the sluggish global economy. Brazil and Mexico had economic growth rates th...

2024.05.27

2.6 MIDDLE EAST

The Middle East’s economic growth slowed to 1.9% in 2023, influenced by factors such as regional tensions, reduced oil production, non-oil sector struggles, and high inflation. Despite a post-Wo...

2024.05.26

2.5 OCEANIA

In the air conditioning market in Oceania, VRF systems are part of a mature segment in which replacements make up about 70% of sales. The market is moving towards energy-efficient products, with the u...

2024.05.26

2.4 INDIA

Reported by Rakesh Kumar, consulting editor, ISHRAE Journal Economic Scenario India’s economy continued its growth trajectory in fiscal year (FY) 2023-2024, overtaking the 7% expansion in th...

2024.05.26

2.3 SE ASIA

The International Monetary Fund (IMF) estimates that the economy of the Association of Southeast Asian Nations (ASEAN) grew by 4.7% in 2023. This region’s major economies have demonstrated consi...

2024.05.26

2.2 EUROPE

During the initial six months of 2023, the air conditioning industry’s performance met the usual expectations. Post-summer, however, the sector saw a decline, mainly due to the impact of rising ...

2024.05.26

2 REGIONAL – 2.1 UNITED STATES

Economic Situation In 2023, the United States had largely emerged from the chaos caused by the recent pandemic, but the inflation rate did not return to 2020 levels due to labor shortages, soaring en...

 
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