The year 2016 was a year of great achievement, recovering from negative growth in 2015. The global air conditioner market saw 5.5% year-on-year growth, increasing to 114 million units.
The Asian market remained at-tractive. The Southeast Asian market saw 11.2% growth, increasing to 8.7 million units. In India, the monsoon season arrived late and the country experienced an extended scorching summer, leading to 21.2% growth in the air conditioner market, which increased to 5.1 million units. A hot summer was seen in most parts of China, boosting digestion of large inventory, and the room air conditioner (RAC) market grew by 7.1% year-on-year, up to 44.3 million units. However, impacted by the pro-longed economic slowdown, sales of packaged air conditioners (PACs) for small office and store applications recorded mere 1.4% growth and a market scale of 2.5 million units. According to statistics from the Japan Refrigeration and Air Conditioning Industry Association (JRAIA), domestic shipments of RACs in 2016 were estimated at 8.8 million units, up 2.7 % compared with 2015, and shipments of PACs were estimated at 762,000 units, down about 1.5%.