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OVERVIEW

1:World Air Conditioner Market – 2023 Update - 1 OVERVIEW

World Air Conditioner Market – 2023 Update - 1 OVERVIEW

The global economy in 2022 was affected by the Ukraine crisis, leading to a surge in inflation. Major countries’ central banks raised interest rates, the yen was at an all-time low, the dollar was strengthening, and the economy was in turmoil. Soaring commodity prices and energy prices have shaken consumer confidence. Pandemic outbreaks in some areas have disrupted the global supply chain. T

OVERVIEW

1:World Air Conditioner Market – 2023 Update - 1 OVERVIEW

The global economy in 2022 was affected by the Ukraine crisis, leading to a surge in inflation. Major countries’ central banks raised interest rates, the yen was at an all-time low, the dollar w...

2.1.1:2 REGIONAL – 2.1 NORTH AMERICA – United States

The mainstream products in the U.S. air conditioner market are ducted unitary systems and window units. In recent years, there has been particularly strong demand for residential and commercial-use du...

2.1.2:2 REGIONAL – 2.1 NORTH AMERICA – Canada

According to January to September 2022 shipment data from the Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI), the ducted-splits market showed a slight decrease 1.0% year on yea...

2.2:2.2 CHINA

According to JARN’s estimates, the Chinese RAC market decreased 5.1% year on year to 47.7 million units in 2022. In 2022, China experienced continuous high-temperature days in summer across b...

2.3:2.3 SOUTHEAST ASIA

After a sharp decline in 2021, the Southeast Asian market experienced unsatisfactory growth in 2022. Many companies note that the market has not recovered to the expected level, and the recovery in ke...

2.4:2.4 INDIA

Reported by Rakesh Kumar, managing editor, ISHRAE Journal Economic Scenario During FY 2021–2022, the Indian economy is estimated to have clocked gross domestic product (GDP) growth of about ...

2.5:2.5 EUROPE

Double-digit growth in the RAC market occurred in Spain, and in the PAC market in the United Kingdom, but growth was less strong in other countries. The reasons for the moderate overall increase are t...

2.6:2.6 JAPAN

In Japan, even though the pandemic continued in 2022, the government no longer asked people to refrain from going out, so people are on the move again, driving the recovery of personal consumption. Ec...

2.7:2.7 SOUTH KOREA

Reported by KRAIA, Korea Refrigeration and Air-conditioning Industry Association South Korea’s industry varied slightly depending on products, but production generally decreased in 2022. Comp...

2.8:2.8 OCEANIA

Australia The Oceanian RAC market in 2022 recorded single-digit growth, while the PAC market is estimated to have been flat year on year. Australia is dominated by ducted systems, especially in ...

2.9:2.9 MIDDLE EAST

The air conditioner market in the Middle East emerged from a quagmire following nearly two years of decline. Oil prices have improved greatly. The governments of many countries in the Middle East h...

2.10:2.10 LATIN AMERICA

Total demand in Latin America in 2022 was about 8.49 million units, a decrease of 9.3% from 2021. The market conditions in the various countries of Latin America are quite different. Brazil, the la...

2.11:2.11 AFRICA

Overall, in 2022, the RAC market in Africa was 3.6% lower than in 2021, reaching 3.31 million units. Countries in North Africa, represented by Tunisia, experienced a once-in-forty-year heat wave. T...

3.1:3 CONTRIBUTIONS - 3.1 ITALY

Reported by Jacques Gandini, managing director of Studio Gandini and Maurizio Iorio, president of ANDEC, (Italy) The Italian air conditioner market is expected to have registered another very posit...

3.2:3.2 RUSSIA

Reported by Litvinchuk Marketing, Russia Russia experienced a cold spring and a cool summer in 2022. In the European part of the country, spring came late and was cold. In Moscow, it was colder than usual with monthly average temperatures of 1.97ºC in March, 2.99ºC in April, and 4.79ºC in May. In the summer season, the monthly average temperatures were also lower than usual: 0.1&...

3.3:3.3 INDONESIA

Yoshiharu Osumi, JARN’s HVAC&R advisor in Indonesia, reported on the country’s air conditioner market in 2022. Indonesia’s economy in 2022 grew relatively smoothly, driven by resource exports. According to the International Monetary Fund (IMF), Indonesia’s projected real gross domestic product (GDP) in 2022 was 5.3%. The construction market also performed relatively ...

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