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Global AC market shows growth driven by India and China

The global air conditioner (AC) market in the first half of 2017 recorded higher growth compared with the same period of last year.

China, which occupied about 40 % of the global air conditioner market, operated at full gear and at full speed in production bases, achieving the highest production volume ever in the first half of 2017. Although India’ s market is still only one-tenth of the Chinese room air conditioner (RAC) market, its market growth in the first half of this year was remarkable , with a high increase in population and a high potential for economic growth. However, summer arrived late in Southeast Asia this year, so the start of the sales season was delayed, resulting in the missing of great sales opportunities, and demand for RAC units dropped sharply.

In Europe, the RAC market got off to a slower start than last year, when it was intensely hot. Although markets such as Italy, Germany, and France encountered a decrease in RAC demand during the first half of 2017 compared with last year, it is expected that the overall sales level will be the same as last year.

In North America, sales of ductless air conditioners such as mini­split RACs and variable refrigerant flow (VRF) systems are gradually increasing. Window-type air conditioners also recorded two-digit growth in sales in the first half of this year.

The Australian RAC market received a good boost from the housing boom.

Source

JARN, August 25, 2017