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3 TECHNICAL TRENDS Overall, Manufacturers continuously develop models that offer higher levels of convenience and attempt to outperform the competition in improved energy savings, comfort, air purification, easy maintenance, intelligent technology, environmental friendliness, and design.
2 REGIONAL: 2.1 N. AMERICA: United States
2 REGIONAL: 2.1 N. AMERICA: United States Consumer confidence is one of the important economic measures for the HVAC market. U.S. consumer confidence increased to its highest level in almost 17 years in October 2017 after remaining relatively flat in September, showing that the economy has continued to achieve modest recovery since the recession.
World Air Conditioner Markets: 1 OVERVIEW
World Air Conditioner Markets: 1 OVERVIEW The year 2017 was a year of great achievement thanks to double-digit growth in China, the largest air conditioner market in the world. The global air conditioner market saw 9.3% year-on-year growth, increasing to 129 million units.
2.3 S.E. ASIA: Thailand
2.3 S.E. ASIA: Thailand Thailand is the third-largest air conditioner market in Southeast Asia, following Indonesia and Vietnam. Until 2016, the Thai air conditioner market continued to expand every year. In 2016, in particular, sales of air conditioners exploded due to the arrival of intense heat waves.
2.2 CHINA China’s production and sales of air conditioners set new records in 2017. Domestic sales grew explosively to 61 million units, showing year-on-year growth of 30.2%. The export volume, including exports of foreign brands produced in China, reached 110 million units, growing 23% year-on-year.