China Commercial AC Market Shows Single-digit Growth in 2018

According to Aircon.com, China’s commercial air conditioner market approached RMB 100 billion (US$ 15 billion) in 2018, showing single-digit growth.

Due to the macro-control policy on the real estate industry, the house decoration market showed a gloomy performance in 2018, while growth in the engineering project market was better than expected. In particular, magnetic bearing centrifugal chillers, air-cooled screw chillers, and modular chillers showed strong market performance.