RAC/PAC

2024.01.24

Innovative Solutions from Midea Building Technologies Spearh

 2024-01-23   The 2024 AHR Expo, one of the biggest HVACR tradeshows in the world, kicked off at McCormick Place in Chicago on January 22. The 3-day event is expected to attract over 50,00...

2024.01.22

Midea RACs Achieve Fruitful Results in 2023

Affected by inflation and unfavorable weather in 2023, consumption in major markets such as Europe and the United States was sluggish. However, Midea’s residential air conditioner (RAC) business...

2024.01.22

2.6 MIDDLE EAST

The Middle East economy is dynamic, driven by rising oil prices. Many countries in the region faced extreme heat during the summer. The air conditioner market in the Middle East grew well in compared ...

2024.01.22

2.5 Europe

Europe experienced mild weather most of the time in 2023, but several parts of southern Europe including Spain suffered from sizzling heat waves. The RAC market grew fast, and a lot of inventory has b...

2024.01.22

Haier Pakistan Holds Brand Summit

Haier Pakistan  2024-01-19   On January 11th, Haier Pakistan hosted the "Leading Win-Win" Partner Conference in Lahore to review the outcomes of the 2023 localization and digital...

2024.01.21

Carrier Completes Acquisition of Viessmann Climate Solutions

– Carrier to Become a Global Giant in Intelligent Climate & Energy Solutions On January 2, 2024, Carrier Global announced that it has completed the acquisition of Viessmann Climate Soluti...

2024.01.21

2.4 INDIA

Reported by Rakesh Kumar, consulting editor, ISHRAE Journal Economic Scenario The Indian economy has shown remarkable resilience during 2023 despite the challenges in the aftermath of the pandem...

2024.01.21

2.3 SOUTHEAST ASIA

Overall, the air conditioning market in Southeast Asia was effervescent in 2023. The main markets, in Indonesia, Vietnam, Thailand, the Philippines, and Malaysia, all maintained good growth. The weath...

2024.01.21

2.2 CHINA

The bottleneck of the Chinese air conditioner supply chain eased with the full relaxation of pandemic control measures at the end of 2022. In 2023, RAC manufacturers advanced production to solve the t...

2024.01.21

2. REGIONAL — 2.1 NORTH AMERICA

United States The inflation rate dropped to 3.2% in November from a high of 7.1% in June 2023, and is closer to reaching the 2% target set by the central bank. The unemployment rate in the United Sta...

2024.01.21

World Air Conditioner Market – 2024 Update – 1. OVERVIEW

The global economy has overcome challenges and bounced back in 2023, with the supply chain and shipment returning to normal. However, inflation has soared globally, and prices have risen rapidly. The ...

2024.01.21

Japan’s Domestic AC Shipments: November 2023

Source : The Japan Refrigeration & Air Conditioning Industry Association (JRAIA)...

 
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