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OVERVIEW

1:World Air Conditioner Market – 2021 Update - 1 OVERVIEW

World Air Conditioner Market – 2021 Update - 1 OVERVIEW

The weather in 2020 was ideal for sales of air conditioners. Unfortunately, young markets such as Southeast Asia and India, which have been gradually expanding, have experienced a sharp decline due to the sudden COVID-19 pandemic. Lockdown has also caused a shortage of parts and components in some areas, and the production of air conditioners has also been affected. Due to the spread of the pan

OVERVIEW

1:World Air Conditioner Market – 2021 Update - 1 OVERVIEW

The weather in 2020 was ideal for sales of air conditioners. Unfortunately, young markets such as Southeast Asia and India, which have been gradually expanding, have experienced a sharp decline due to...

2.1.1:2 REGIONAL -- 2.1 NORTH AMERICA -- United States

The U.S. economy has been heavily affected by the pandemic, which has generated very high unemployment; however, consumer confidence appears to be higher than expected. The pandemic has brought much u...

2.1.2:2.1 NORTH AMERICA - Canada

The Canadian market is mainly a heating market, and many manufacturers are concentrating on heating capacity in their models. According to data from the Heating, Refrigeration and Air Conditioning ...

2.1.2:World Air Conditioner Market – 2021 Update - Cambodia

Cambodia has recently attracted attention as Thailand-Plus-One and Vietnam-Plus-One due to lower labor costs than both those countries. Cambodia’s tourism industry is relatively developed, dr...

2.2:2.2 CHINA

Reported by Professor Zhou Zicheng, HVAC&R advisor The Chinese air conditioner market is projected to decline significantly in 2020, as the pandemic gradually spread to the whole world from Mar...

2.3:World Air Conditioner Market – 2021 Update - 2.3 SE ASIA

The weather in Southeast Asia was very pleasant and relatively calm in 2020. As a global production base for air conditioners, all manufacturers have been affected by the pandemic. In many countries, ...

2.3.1:World Air Conditioner Market – 2021 Update - Thailand

In Thailand, April to May is the hottest season of the year. Compared with other Southeast Asian countries, Thailand's development and sales period are relatively short. When a perfect opportunity...

2.3.2:World Air Conditioner Market – 2021 Update - Vietnam

The ideal weather boosted the air conditioner market, which started normally in early April. In Vietnam, the pandemic exerted a relatively small impact. The government took moderate curtailment measur...

2.3.3:World Air Conditioner Market – 2021 Update - Indonesia

Indonesia is one of the regions most severely affected by the pandemic in Asia. Jakarta, the largest city, had a two-month Indonesia’s large-scale social restriction, from April to May, which wa...

2.3.4:World Air Conditioner Market – 2021 Update - Malaysia

Beginning in March 2020, the pandemic situation became severe, air conditioner sales almost completely stopped, and sales were dismal. Sales began to recover gradually in May, and returned to the same...

2.3.5:World Air Conditioner Market – 2021 Update - The Philippines

The purchasing power of Philippine consumers is sluggish due to the long-term lockdown. Market demand from April to September 2020 is expected to have decreased by 30% compared with 2019. After the re...

2.3.6:World Air Conditioner Market – 2021 Update - Myanmar

Since Aung San Suu Kyi came to power, Myanmar's economy has been in a downturn, and the air conditioner market has been depressed. In 2020, the Myanmar RAC market decreased by 15.0% over 2019. ...

2.3.7:World Air Conditioner Market – 2021 Update - Singapore

Singapore was severely affected by the lockdown, and sales of air conditioners dropped. RAC sales decreased by about 40% between April and September. The market did not seem to recover in the second h...

2.4:World Air Conditioner Market – 2021 Update - 2.4 INDIA

Reported by Rakesh Kumar, managing editor, ISHRAE Journal   Economic Scenario The novel coronavirus outbreak had a strong negative impact on the Indian economy during 2020. Due to the nationwi...

2.5:2.5 EUROPE

In 2020, the European air conditioner market was hit hard by the pandemic. The onset of the pandemic started in Italy in mid-February 2020, and a phased lock-down of cities in Europe began in March. A...

2.6:2.6 JAPAN

Japan’s economy in the first half of 2020 was plunged into severe conditions by the pandemic. It registered a 28.8% drop in the April-to-June quarter, and this was the sharpest decline since the...

2.7:World Air Conditioner Market – 2021 Update - 2.7 OCEANIA

Australia   Summer in Australia generally occurs between November and January. In previous years, following November, the temperature generally exceeded 30ºC, but the summer of 2020 came l...

2.8:World Air Conditioner Market – 2021 Update - 2.8 MIDDLE EAST

The Middle East market has been hit by the pandemic and plummeting crude oil prices. The pandemic caused a rapid decline in demand, crude oil prices continued to fall, and many Middle Eastern countrie...

2.8.1:World Air Conditioner Market – 2021 Update - 2.8 MIDDLE EAST

The impact of the spread of the pandemic on the economy and the impact of the decline in crude oil prices have triggered a further decline in the Saudi economy. In response to this situation, since Ju...

2.8.2:World Air Conditioner Market – 2021 Update - 2.8 MIDDLE EAST

The UAE’s RAC market has increased by 5.2% compared with 2019. Many engineering projects have basically stalled. PAC sales dropped by 13.5%. The UAE has a lot of reexport trade. It is said th...

2.8.3:World Air Conditioner Market – 2021 Update - 2.8 MIDDLE EAST

The weather in Israel in 2020 was relatively ideal. ‘Nesting’ consumption related to people spending more time at home has promoted RAC sales, and the country’s pandemic has not spre...

2.9:World Air Conditioner Market – 2021 Update - 2.9 LATIN AMERI

Brazil was on the path of economic recovery at the beginning of 2020, with a GDP forecast to reach approximately 2.3% growth. Implementation of economic reforms was on the way, and the marked fall in ...

2.9.1:World Air Conditioner Market – 2021 Update - 2.9 LATIN AMERI

The March-May period was extremely difficult for Brazil. The pandemic has severely hit the Brazilian air conditioning market. Many manufacturers have started to stop work and adjust their sales polici...

2.9.2:World Air Conditioner Market – 2021 Update - 2.9 LATIN AMERI

The situation in Argentina was the same as that in Brazil. The decline in RAC sales was 22.8%, and market recovery is relatively slow. Argentina is one of the largest air conditioner markets in Lat...

2.9.3:World Air Conditioner Market – 2021 Update - 2.9 LATIN AMERI

Due to the local lockdown, the factories were closed for a period of time, but production quickly resumed after the lockdown was released. The impact of the pandemic was smaller than that in Brazil. M...

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