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2 |3 S.E. ASIA
2 |3 S.E. ASIA In 2016, the seven major countries in Southeast Asia, namely Indonesia, Vietnam, Thailand, Malaysia, the Philippines, Myanmar, and Singapore, have seen their air conditioner market scale increase by 11.2% to 8.7 million units.
2 |9 MIDDLE EAST
2 |9 MIDDLE EAST Political instability has affected the Middle East for a long time, and its air conditioner market has lost the strong growth momentum experienced in the past.
2 |5 EUROPE
2 |5 EUROPE Heat waves in the summer of 2015 helped clear up all RAC inventories across Europe. Almost all RAC manufacturers entered 2016 with very positive situations in the market.
2 REGIONAL: 2 |1 N. AMERICA
2   REGIONAL: 2 |1 N. AMERICA As one important economic mea-sure for the HVAC market, the U.S. consumer confidence index rose in September to its highest level in nine years, showing that the economy continued to recover modestly after the recession.
2 |10 LATIN AMERICA
2 |10 LATIN AMERICA Economic recession in Latin America over the past two years obliged many international companies, including U.S. and Japanese companies, to close local businesses and withdraw from the local market. It also worsened the shrinking of the local air conditioner market.