The upgrading of Chinese people’s consumption habits could further accelerate the supply-side reform of ACs (air conditioning products). Smart and energy-efficient products will become hot spots in the market.
From January to September 2017, the retail sales volume of products with the highest energy efficiency increased by 79.2 % year on year, the fastest growth rate among air conditioners (ACs) with other attractive selling features such as intelligence and stylish appearance.
Affected by changing consumption behavior and rising prices of raw material, the average price of ACs rose during 2017. As of September 2017, the market share of wall-mounted ACs with prices of more than RMB 3,000 (about US$ 450) rose 7.6 %, and the market share of models with prices of more than RMB 8,000 (about US$ 1,200) units rose 7 %.
JARN, December 2017