OVERVIEW

1:World Air Conditioner Market--1 OVERVIEW

World Air Conditioner Market--1 OVERVIEW

After five years of rapid growth, the global market began to slow down significantly in 2018. According to JARN, the global air conditioner market in 2018 indicated a 0.6% year-on-year increase, with total demand of up to 130.14 million units. The rapidly developing China market has seen a decelerated growth rate, with inventory volume hitting a record high. The Southeast Asian and Indian markets

OVERVIEW

1:World Air Conditioner Market--1 OVERVIEW

2.1:2.1 N. AMERICA--United States

The real gross domestic product (GDP) of the United States has increased by 3.5% over last year. The unemployment rate has decreased and personal income has improved, driving expansion of personal con...

2.1:2.1 N. AMERICA--Canada

According to the Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI), all HVAC&R shipments show a year-on-year increase in the third quarter of 2018. Increases were: ductless sp...

2.2:2.2 CHINA

China Market The air conditioner market in China saw slight decline in 2018. JARN estimated that air conditioner market demand in China will amount to 59.53 million units in 2018, indicating 2.3% decl...

2.3:2.3 SE ASIA

The air conditioner market in Southeast Asia increased by a 5.6% compound annual growth rate (CAGR), and this trend is attracting more and more attention in the global air conditioner industry. It is ...

2.3:SE ASIA--Thailand

Thailand has seen cool summers for two consecutive years. In 2018, the beginning of summer in Thailand occurred two weeks later than usual. It started on March 3 with sweltering weather in most areas ...

2.3:SE ASIA--Indonesia

RAC demand in Indonesia showed slight growth year on year, and the market in 2018 grew by 4%. The local market is on the right track with stable growth, leaving behind the negative growth experienced ...

2.3:SE ASIA--Malaysia

The air conditioner market was challenging due to unfavorable weather conditions. Moreover, Malaysia has gone through a series of tax reforms, so consumers are no longer actively purchasing air condit...

2.3:SE ASIA--Vietnam

The growth rate of the Vietnamese market has fallen short of expectations because of unfavorable weather conditions. This year, air conditioner sales started early in Ho Chi Minh City, but the summer ...

2.3:SE ASIA--The Philippines

In Southeast Asia, only the Philip- pines saw uneventful weather conditions in summer. The Philippines experienced favorable weather conditions when the air conditioner season arrived. However, the co...

2.3:SE ASIA--Myanmar

Myanmar’s air conditioner market scale was 327,000 units in 2018, up 10% from 2017. Myanmar’s middle class is expected to grow, and the country has a population of over 50 million and a...

2.3:SE ASIA--Singapore

Singapore has seen a slight year-on-year decrease in the RAC market in 2018. The local market lacked growth momentum, and only maintained its market volume or presented slight growth. The PAC market i...

2.3:SE ASIA--Others

Cambodia Cambodia has experienced a scorching summer with rising demand. In early 2018, the World Bank estimated that Cambodia will see an economic growth rate of up to 6.9% in 2018. After decelera...

2.4:2.4 INDIAN SUBCONTINENT--India

Reported by Rakesh Kumar, Managing Editor, ISHRAE Journal Economic Scenario According to World Bank, India continues to be one of the fastest growing economies in the world. Teething troubles in t...

2.4:2.4 INDIAN SUBCONTINENT--Pakistan

According to statistics released by Pakistan Central Bank, the country has seen a record high GDP growth rate in 13 years in the 2017 to 2018 fiscal year, up 5.8%, which was 0.4% higher than the previ...

2.5:2.5 EUROPE

In 2018, the growth and decline of markets in major regions of Europe varied. In general, sales in the northern region were relatively good because of exceptionally hot weather, but the market in the ...

2.5:EUROPE--Italy

Italy is the largest air conditioner market in Europe, but the air conditioner penetration rate is 32%. Air conditioner sales in Italy grew steadily in 2018, increasing about 6% to 1.15 million units....

2.5:EUROPE--Italy

2.5:EUROPE--Spain

Spain is the fourth-largest air conditioner market in Europe, following Italy, Russia, and Turkey. After a few years of contraction, the Spanish market bottomed out in 2013. The RAC market is at a low...

2.5:EUROPE--Greece

The summer weather was not good. Greece had a lot of rain in June and July, and demand for air conditioners was greatly reduced. It only grew in August. The RAC market fell by about 10%. The economic conditions in Greece improved in 2018 compared with 2017, with GDP growth rate of 3-4%. Some commercial facilities are under construction, and PAC sales have increased by 10%. Fujitsu General and i...

2.5:EUROPE--Turkey

In the early summer of this year, due to the depreciation of the Turkish lira since the beginning of the year, the commodity prices and electricity costs have risen. The un- stable weather, cool summe...

2.5:EUROPE--Russia

Russian RAC and PAC sales were both down by 10% from the previous year, at 934,000 units and 52,000 units respectively. This year, some parts of southern Russia experienced hot weather, but tempera...

2.5:EUROPE--United Kingdom

The United Kingdom had a hot summer in 2018. Shipments of RACs went very smoothly, and sales increased by 12%. Demand increased from May to July, and many manufacturers have cleared their inventory. ...

2.5:EUROPE--France

The summer in France was very hot in 2018. The RAC market increased by around 8% and the PAC market grew by 5%. Daikin, Fujitsu General, and Mitsubishi Electric are leading the RAC and PAC market i...

2.5:EUROPE--Germany

Northern Germany has had quite hot weather this year, and the German market grew by 10% in 2018. With strong economic support, the German PAC market has grown by 7%. Air conditioning has been slow ...

2.5:EUROPE--Eastern Europe

The Eastern European market grew by about 10% in 2018. The market performed well in the first half of the year but slowed down in the second half. The main reason is that the temperature rose in the e...

2.6:2.6 JAPAN

Japan’s economy in the April to June quarter of 2018 left behind the negative growth seen in the previous quarter and was hauled up by personal consumption and equipment investment, getting back...

2.7:2.7 SOUTH KOREA

In South Korea, this summer was the hottest since weather observation began (31.5 tropical nights as of August, 2018), and broke the previous record set in 1994 (25.5 tropical nights). Tropical nights...

2.8:2.8 MIDDLE EAST

In the Middle East, the weather and economic conditions have not been not favorable in 2018. The economic situation in the Middle East has remained gloomy. The price of oil rose a little, but did not ...

2.8:MIDDLE EAST--Saudi Arabia

In Saudi Arabia, the largest air conditioner market in the Middle East, the price of the oil produced is stable. However, the government budget remained in deficit. After replacement of the King, the ...

2.8:MIDDLE EAST--UAE

In 2018, the UAE RAC market scale decreased by 10%, down to 484,000 units, and PAC sales also decreased to about 173,000 units. Window-type units comprised approximately 50% of the RAC market. Despite...

2.8:MIDDLE EAST--Iran

Western countries have imposed trade sanctions on Iran, causing huge economic shrinkage in the country. Almost all products in the market are made in China. Iran is a Middle Eastern country with a la...

2.8:MIDDLE EAST--Iraq

Iraq’s air conditioner market was recovering in 2018 and reached a market scale of 359,000 units. RACs dominate the market and increased by 5.3% year on year. Midea has a strong presence in Iraq. Gree launched two brands, Gree and Tosot, which together take a large market share. TCL conducted training sessions in Iraq early in 2018. In cooperation with TCL’s Iraqi distributor, RDK El...

2.8:MIDDLE EAST--Others

Qatar broke off its diplomatic relations with Saudi Arabia, UAE, Bahrain, and Egypt in June 2017, and the freezing of material supplies and personnel exchange has severely impacted Qatar’s air c...

3.1:3 CONTRIBUTIONS: 3.1 RUSSIA

Reported by the Association of Professional Companies in the Industry of Climate (APIC) and Litvinchuk Marketing The year 2018 can be considered one of the quietest and the most predict- able for t...

3.2:3.2 SPAIN

Contributed by the Asociacion de Fabricantes de Equipos de Climatizacion (AFEC) Economic Situation In 2017, the Spanish gross domestic product (GDP) increased to 3.1%, above the overall GDP of 2...

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