RAC/PAC
1.5.2 Spain
In spite of the gloom pervading the Spanish economy since 2008 current forecasts are becoming more optimistic at an increase of 1.2% in GDP in 2014 and a rise to 1.8% in 2015. However, the constructio...
1.5.1 Italy
The economy in general remains flat with virtually zero inflation. Revival in the construction industry will be marginal. Renovation on the other hand has been boosted by government incentives ...
1.5 Europe
Reported by Alan Field, JARN’S Europe Correspondent The latest report published in this March from the UK research center BSRIA takes in Europe, the Americas, Asia Pacific, the Middle East, Ind...
1.4.2 Pakistan
Pakistan’s air conditioner demand increased by 3% in 2014 over the previous year to around 958,000 units. Pakistan has the sixth largest population in the world at more than 180 million people. This population is also very young, with people un-der 35 years old accounting for over 70% of the total population. According to the United Nations, Pakistan’s population will continue growing for t...
1.4 Indian Subcontinent: 1.4.1 India
Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal,India Political and Economic Situation The major political development of 2014 was the change of government in May. The Narendr...
1.3.7 Myanmar
Lagging behind its more economically developed neighbors in the emerging Greater Mekong Subregion, Myanmar is being called the last frontier in Asia. Myanmar’s air conditioner market is estimat...
Vangeenberghe is Daikin France VP
25 May 2015 FRANCE: Wim Vangeenberghe, director and general manager sales of Daikin Europe, is reported to have been named vice president of Daikin France. The move was reported in the French c...
Students Design Efficient Home with Central Air Cost of Only
25 May 2015 ST. LOUIS - The winning entry in the U.S. Department of Energy’s (DOE’s) 2015 Race to Zero Student Design Competition includes a HVAC system that is so efficient, it would generate only $282 in annual heating costs, and $38 for cooling. Energy modeling shows that adding solar power would more than offset the energy costs, reducing the energy bills to zero and qualifying it as a DOE Zer...
1.3.6 Philippines
The Philippine market is characterized by stable development with little fluctuation. JARN estimates the Philippine market size at about 631,000 units in 2014, marking expansion of 4.4% compared with ...
1.3.5 Vietnam
Vietnam has a growing population of 90 million with a strong cultural focus on education. The percentage of high school students going on to university is rising, reflecting the rising income levels i...
1.3.4 Singapore
Growth in Singapore’s air conditioner market is trending slower, but is expected to remain stable in the coming years. The government is moving to restrain real estate investment, which is casting a s...
1.3.3 Malaysia
Malaysia experienced a cool summer in 2014, and the awaited introduction of a new Goods and Services Tax (GST) had a dampening effect on purchasing appetites, keeping growth low. Market demand ...
