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Sales of Commercial ACs in China Drop 7% in 2015
2016/04/21
Reported by Zhang Yanbin, All View Consulting
 
In 2015, China’s economy slowed down, with gross domestic product (GDP) growth dropping to below 7% for the first time since the launching of the national reform and opening up policy. Several unfavorable factors, in particular marked shrinkage of major government-led projects, very adversely affected the commercial air conditioner market in China.
 
According to All View Consulting (AVC) statistics, total shipments of commercial air conditioners amounted to RMB 60 billion (US$ 9.2 billion) in 2015, representing a 7% year on year decrease, the largest drop since the financial crisis in 2008.
 
Among commercial air conditioners, variable refrigerant flow (VRF) systems experienced a 6.5% year on year decrease in 2015, and this was the first drop after years of solid growth. However,   RF model secured a slightly larger share of the commercial air conditioner market in China, taking demand from chillers for large projects.
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