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World Chiller and Large AC Market: 1. The 2015 Overview
World Chiller and Large AC Market: 1. The 2015 Overview Central air conditioner chiller systems consist of a heat source chiller and air-side equipment such as air handling units (AHUs) and fan coil units (FCUs) as well as pumps to convey chilled and cooling water, water pipes, cooling towers to dissipate heat outdoors, and other equipment.
2.2 China
2.2 China China’s chiller market contracted in 2015 as a result of some factors such as a slowing GDP growth rate, declining real estate investment, and postponed and cancellation of large industrial and commercial construction projects due to funding shortages.
2. Regional Reports: 2.1 North America: 2.1.1 The United States
2. Regional Reports: 2.1 North America: 2.1.1 The United States The U.S. GDP annual growth rate in 2015 was 2.43%, nearly the same as that of 2014 according to the IMF. The U.S. Census Bureau estimates that the annual value of construction spending in the non-residential sector increased in 2015 by 8.1% compared with the previous year.
2.5 India
2.5 India According to World Bank data, India’s GDP growth in 2015 was 7.3%, higher than any major world economy with the exception of China. The growth forecast for 2016 is 7.6-7.8%, which could be higher than all major world economies. The government is doing its best to attract foreign capital by amending laws to improve the ease of doing business, and by opening several sectors to 100% foreign direct investment (FDI).
BSRIA Global Market Report on Chillers
BSRIA Global Market Report on Chillers The global economy continued to grow by 2.6% in 2015. With growth evident in all continents, however, none of them were significant enough to indicate that we are in the midst of thriving economies. Asia Pacific and the Middle East were the two biggest growing economies.