The ACR Industry is truly global with respect to supply and demand for every product category. One can find cold-vending machines, refrigerated display cases, heat pumps and air conditioners practically anyplace there are electric outlets available. This issue provides a broad overview of the status of MicroGroove in China and Japan with particular attention to the manufacture of coils from smaller diameter copper tubes. MicroGroove activities in India will be described in a separate issue.
On July 24, 2019, Honeywell and 7-Eleven announced the adoption of Honeywell Solstice N40 (R448A) refrigerant as 7-Eleven’s standard for remote condensers supporting their refrigeration cases installed across the United States and Canada.
According to Larpf.fr., France has been hit by two severe heat waves this summer, and refrigeration systems designed to operate at moderate ambient temperatures are struggling to operate under very hot conditions. With the mercury hitting 40℃ or more in some parts of the country, compressor breakdowns, refrigerant leakage, and high power consumption are causing problems.
U.S. shipments of residential gas storage water heaters for June 2019 decreased 14.5%, to 350,053 units, down from 409,525 units shipped in June 2018. Residential electric storage water heater shipments decreased 11.4% in June 2019 to 334,995 units, down from 378,239 units shipped in June 2018.
On July 11, Daikin launched the Daikin Training Center located in the city of Sao Paulo, with an investment of US$ 2 million, Daikin Brasil expects to train around 3,000 professionals every year.
Entering 2019, the countries of Association of South-East Asian Nations (ASEAN) have seen their gross domestic product (GDP) dip due to the impact of the U.S.-China trade dispute. Under this severe circumstance, Indonesia has maintained a stable economic condition thanks to its huge domestic demand, which is shown by continuously increasing retail sales from 2017.
The Brazilian economy is still fragile because it has not yet completely overcome the crisis triggered in 2015. Economists in general forecast that this year would herald the beginning of a period of strong recovery, mainly driven by the approval of much-needed reforms, which would put the Brazilian macroeconomy on course again.
The Italian air conditioning market reached approximately €1.51 billion (US$ 1.68 billion) in 2018, up from around €1.36 billion (US$ 1.51 billion) in 2017, with an average growth rate of 11%. In 2019, the market seems to be positive again, according to the first quarter results compared with the same quarter of 2018.