Global AC Market Pressurized by Inflation Hopes for Growth in Rest of the Year — Review of Global AC Market in the First Half of 2023 — Global Market

The global air conditioner market in the first half of 2023 grew less than expected, with a slight increase compared with the same period of 2022, according to JARN’s interviews with major air conditioner manufacturers. The main reasons for this market slowdown are thought to be a decline in purchasing power due to global inflation, low temperatures in early spring in some parts of the northern hemisphere, and revision of the subsidy systems applying to energy-efficient air conditioners due to budget shortages, and other factors.