JARN Regular

JARN Special

November 2023

World Chiller and Air-side Equipment Market – 2023 Update – 1 OVERVIEW

The world economy shrank in 2022, inflation worsened, and energy prices skyrocketed. Applied equipment, which is used for commercial purposes, showed a dull market performance. The market outlook for 2023 was gloomy due to the economic slowdown and the exchange rate volatility.
According to JARN’s database, worldwide chiller demand in 2022 approached US$ 8.84 billion, up 0.2% compared with 2021. The major chiller markets are China, Europe, and the United States, accounting for 31.7, 19.7, and 17.2% of the world market, respectively.
Global demand for air-side equipment increased by 5.2% from 2021 to US$ 8.20 billion.

September 2023

World Refrigeration Equipment Market – 2023 Update –1 OVERVIEW

The pandemic has been contained globally. However, it has caused disruptions to global trade, travel, and supply chains. In 2022, the Ukrainian crisis triggered a global energy and food crisis, and raw material prices skyrocketed. The global economic recession has become a significant obstacle to the development of the cold chain industry.
In 2022, global commercial refrigeration equipment market suffered an ongoing slump due to the impact of inflation. However, there were some bright spots: several sectors that performed well in 2022 have boosted the demand for industrial refrigeration equipment. This includes healthcare, information technology (IT), e-commerce, renewable energy, and electric vehicles (EVs). These sectors relied on digital services, online shopping, clean energy, and low-emission transportation during the pandemic, enabling the industrial refrigeration equipment market to achieve double-digit growth. The transportation refrigeration equipment market also performed well.

July 2023

The Global R32 AC Market – 2022 Overview Part I

A review of global air conditioner market trends in 2022 demonstrates that demand in the major markets such as those in China, Japan, and Europe slightly decreased compared with 2021 due to the negative impacts exerted by the prolonged pandemic as well as Russia’s invasion of Ukraine, while India and Southeast Asia showed significant growth in demand due to economic recovery. As a result, the overall global air conditioner market showed a slight decrease in 2022.

May 2023

World VRF Market – 2023 Update – 1 OVERVIEW – 1.1 Global Situation

JARN’s database shows that in 2022, the global variable refrigerant flow (VRF) market remained at a level similar to that in 2021, amounting to some 1.9 million units based on the number of outdoor units. This occurred mainly because of the prolonged COVID-19 pandemic and the Russia-Ukraine war.

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