RAC/PAC
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 ...
1.3.2 Thailand
The country’s political situation appears to be stabilizing. Thailand’s Valued Added Tax (VAT) rose from 7% to 10% in October, with a rush in air conditioner demand before the tax increase. Tha...
1.3.1 Indonesia
Indonesia elected a new president in 2014 and the political situation appears stable. The public policy outlook shows relatively high internal demand and sustained economic growth. The lifestyle of ci...
1.3 Southeast Asia
The penetration rate of air conditioners is still low in Indonesia, the Philippines, Thailand, and Vietnam. Demand from the burgeoning Southeast Asian middle class that does not yet own an air conditi...
1.2 China
The total sales volume of air conditioners in China came to 41.7 million units in 2014, indicating 1.3% year-on-year growth. The total export volume from China came to 43 million units in 2014, showin...
1.1 North America--1.1.1 United States
The U.S. air conditioner market is mature and one of the largest markets in the world. With the solid economic recovery seen here in 2014, it was also the most-watched market of the year. As growth mo...
US Navy Awards Five Firms $20 Million HVAC Contract
22 May 2015 CRANE, Ind.- The Naval Facilities Engineering Command has awarded Commercial Service of Bloomington Inc., Bloomington, Indiana; Custom Mechanical Systems Corp., Bargersville, Indiana; Harrell Contracting Inc., Worthington, Indiana; Mastercraft Mechanical Contractors Inc., Bloomington, Indiana; and Siemens Government Technologies Inc., Arlington, Virginia, each with an indefinite-delive...
Japanese Shipments of Home Appliances in 2014
Total Japanese shipments of home appliances in 2014 topped \2.13 trillion (US$ 17.74 billion), a 12.2% drop from the previous year, registering negative growth for the first time in three years. Altho...
Japan’s Domestic AC Shipments : March 2015
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MHI Launches New Models of PACs
In mid-April, Mitsubishi Heavy Industries (MHI) commenced marketing of new models in its FDES series of ceiling -suspended oil-resistant packaged air conditioners (PACs) offering outstanding corrosion...
