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OVER VIEW

World Chiller and Air-side Equipment Market: 1 OVERVIEW

World Chiller and Air-side Equipment Market: 1 OVERVIEW

Chillers are the main product in central air conditioning systems. They are adopted mainly in factories for process cooling and are also used for air conditioning in large commercial complexes. The largest systems are used for district heating and cooling. In addition to these air conditioning applications, chillers and air-side products are also widely used in refrigeration since they have a wide

2. REGIONAL

2 REGIONAL: 2 1 N. AMERICA

According to the IMF, the U.S. GDP growth rate in 2016 was 1.6%. This is lower than the 2.6% growth rate posted in 2015, putting a question mark on the strength of economic recovery in the countr...

2.2 CHINA

After having experienced a slump in 2015, the chiller market in China was recovering in 2016 thanks to higher consumption and cons...

2.3 JAPAN

In the first half of 2016, adversely affected by the soaring yen rate and deceleration of overseas economies, Japan’s export bus...

2.4 EUROPE

Reported by BSRIA After going through two recessions in 2008 and 2011, the Europe...

2.4 EUROPE--Germany

Germany is the largest economy in the EU, accounting for 28% of the region’s GDP. The country’s low unemployment rate, low crime, developed infrastructure, and a highly qualified labor force all work in its favor. As of 2015, consumption expenditures are the main driving force. Beside the refugee immigration, domestic consumption is stimulated by high job security, rising incomes and pensions...

2.4 EUROPE--Italy

According to the latest data published in September by the ISTAT, Italian National Institute of Statistics, Italy’s GDP increased by 0.4% in the second quarter of 2017 with respect to the first q...

2.4 EUROPE--Russia

In the last quarter of 2016, the Russian economy began to recover from the crisis. GDP growth is expected to be around 2% in 2017. In this September, the exchange rate of the national currency st...

2.4 EUROPE--France

French GDP gained momentum at the end of 2016. This positive trend was passed on to the first quarter of 2017 with GDP growing by 0.3%. Business investment accelerated by 0.9% due to very favorab...

2.4 EUROPE--Turkey

Turkey’s economic activity slowed in 2016 against the backdrop of a failed coup in July and increased geopolitical tensions in the region. However, helped by numerous government measures, both private consumption and investment have started to recover. Against the backdrop of steady increases in the labor force, the youth unemployment rate is historically high, reaching 24% of young workers i...

2.4 EUROPE--The United Kingdom

The UK economy performed better in 2016 than expected and growth in 2017 is now projected to be stronger than previously anticipated, likely reaching a GDP growth rate of 1.8%. However, the outco...

2.4 EUROPE--Spain

The Spanish economy is still expected to grow, although at a slower pace. With further growth of 2.8% forecast, 2017 will be the fourth consecutive year of recovery for 2017. This growth continues to be based on the power of internal demand and exports, and in the improvement in jobs, which raises disposable income and tax revenues.   Spain, Europe’s eigh...

2.5 INDIA

Reported by Rakesh Kumar, Managing Editor, ISHRAE Journal   Economic Environment  ...

2.6 SOUTH KOREA

According to the IMF, South Korea’s GDP growth rate was 2.83% in 2016, and is projected to be 3.02% in 2017. Exports of semiconductors have been solid, and the economy appears to be on a moderate...

2.7 SE ASIA

In 2016, the GDPs of Indonesia, Malaysia, Philippines, Thailand, and Vietnam grew by 5%, 4.2%, 6%, 3.2%, and 6.2%, respectively. Among them, growth of Indonesia and Philippines exceeded expectati...

2.7 SE ASIA--Indonesia

Indonesia’s economic growth rate slowed down to around 5% in 2016, impacted by lower commodity prices. Indonesia’s infrastructure is still lagging behind that of other developing countries. The I...

2.7 SE ASIA -- Thailand

The Thai chiller market size was US$ 66.9 million in 2016, indicating a 13.8% year-on-year decline. The scroll chiller market decreased by 21.0% to US$ 4.3 million. Moreover, the centrifugal and screw chiller sectors showed negative growth.   As Thailand has abundant water resources, water-cooled chillers dominate the market. At production plants owned by...

2.7 SE ASIA -- Malaysia

Malaysia’s chiller market decreased to US$ 47.0 million in 2016. All the chiller type segments showed a decrease. In particular, a large decrease of 13.2% was recorded in the absorption sector....

2.7 SE ASIA -- Vietnam

Vietnam’s chiller market is not so large at present compared with the big two markets in Southeast Asia, Thailand and Indonesia. However, it increased to US$ 40.7 million in 2016, showing significant growth of 23.6% compared with 2015, despite the stagnant market situations in the big four markets in the region, namely Thailand, Indonesia, Malaysia, and Philippines. &nbs...

2.7 SE ASIA -- The Philippines

The Philippine chiller market reached US$ 44.6 million in 2016, recording a small decrease of 1.8%. The centrifugal segment accounted for nearly two-thirds of the total market and showed a decrea...

2.7 SE ASIA -- Singapore

Singapore is calling for diversification of energy applications and uses liquid natural gas (LNG) for electricity generation. The country encourages green buildings as a way to reduce carbon emis...

2.8 MIDDLE EAST

The large scale of the Middle Eastern chiller market remained unchanged in 2016, but its rate of growth slowed. The two largest markets in the region are Saudi Arabia and Iran, and both recorded ...

2.8 MIDDLE EAST -- Saudi Arabia

According to the IMF, Saudi Arabia’s GDP was 1.74% in 2016, far lower than the 4.11% recorded in 2015. The projection of 0.13% GDP growth in 2017 is also very challenging.   The Saudi Arabian economy is highly dependent on oil, which accounts for approximately 90% of its exports and 80% of government revenue. Aiming to move away from oil dependency and in...

2.8 MIDDLE EAST -- Iran

Iran’s GDP came to 6.54%, by far the highest growth seen in the Middle East in 2016. Economic sanctions were lifted on January 20, 2016, but trade sanctions remain in place, which is dampening business activity.   Iran is the second-largest chiller market in the Middle East. Its market scale reached US$ 141.8 million in 2016. This makes it the ninth-large...

2.9 LATIN AMERICA

According to BSRIA, Mexico is the largest chiller market in Latin America followed by Brazil. The combined market scale of Mexico and Brazil in 2016 recorded US$ 154.2 million, an 11% year-on-year decrease.   When large roof surfaces are available, rooftop units provide greater flexibility in terms of installation, and they are often preferred over chille...

2.9 LATIN AMERICA -- Brazil

According to ABRAVA, in 2016, the Brazilian HVAC&R market reported sales of 26.5 billion real (US$ 7.9 billion), of which 18.9 billion real (US$ 5.6 billion) was in the industrial segment, 4 ...

2.9 LATIN AMERICA -- Mexico

In the context of the job-saving American policy advocated by the U.S. President Donald Trump, several manufacturers including Carrier have abandoned their plans to shift their U.S. production ba...

2.10 AUSTRALIA

Australia’s economy is largely affected by the Chinese economy and market prices of raw materials. Its GDP in 2016 recorded a 2.52% increase, up from 2.41% in 2015.  ...

3 CONTRIBUTIONS

3 CONTRIBUTIONS: 3.1 SPAIN

Reported by Asociacion de Fabricantes de Equipos de Climatizacion (AFEC) Market Situation in 2016 During 2016, the Spanish heating, ventilation, and air conditioning (HVAC) market maintained a growing trend.   When analyzing the various data, we can state...

3.2 RUSSIA

Reported by Litvinchuk HVAC Marketing Research Agency and APIC, Russia   Positive trends that emerged in the Russian chiller...

3.3 BRAZIL

Reported by the Brazilian Association for HVAC&R (ABRAVA)   The Brazilian air conditioning market suffered because of the econo...

3.4 ITALY

Reported by Centro Studi Galileo, Italy Since 2014, the Italian market has shown small, yet constant growth in all sectors of the industry, as well as in the ...

ISHPC 2017

Absorption Systems that Help Prevent Global Warming

The International Sorption Heat Pump Conference 2017 (ISHPC2017) was held from August 7 to 10 at Waseda University, Tokyo, Japan. It was hosted by the Japan Society of Refrigerating and Air Condi...

Introduction of Operating of CP Type Waste Heat Utilization Absorption Chiller/Heater at Panasonic Malaysia

Shuji Ishizaki , Mijeong Byun, Panasonic, Large Air-Conditioner Business Unit, Gas Air-Conditioner Development Section,   ...

Adsorption Chillers Providing Free Cooling from Low-temperature Waste Heat

Reported by Wes Livingston of PPI, the U.S. and Ashok Kumar Prusty, Executive Vice President of Bry-Air (Asia), India Adsorp...

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