ShareGlobal demand for HVAC equipment on the rise
Global HVAC demand to reach USD 107 billion in 2016, with Asia Pacific in the lead.
Global HVAC demand to reach USD107 billion in 2016, with Asia Pacific in the lead.
Global demand for HVAC equipment is projected to increase 6.1% per year through 2016 to USD 107 billion. Rapid growth in building construction expenditure along with rising industrialization and per capita incomes, the ongoing modernization of the housing stock and opportunities arising from the relatively low penetration rates will aid advances.
HVAC demand growth in the Asia Pacific region will outpace the global average, increasing 6.4% per year through 2016.
“Shipments of HVAC equipment by plants in Indonesia totaled $375 million in 2011. Domestic production growth from 2006 to 2011 benefited from generally healthy local and export market conditions. However, the nation remains a significant net importer of HVAC products, with China, Japan, South Korea, and the US among the major suppliers.”
Source: www.hvacrseries.com
Global demand for HVAC equipment is projected to increase 6.1% per year through 2016 to USD 107 billion. Rapid growth in building construction expenditure along with rising industrialization and per capita incomes, the ongoing modernization of the housing stock and opportunities arising from the relatively low penetration rates will aid advances.
HVAC demand growth in the Asia Pacific region will outpace the global average, increasing 6.4% per year through 2016.
“Shipments of HVAC equipment by plants in Indonesia totaled $375 million in 2011. Domestic production growth from 2006 to 2011 benefited from generally healthy local and export market conditions. However, the nation remains a significant net importer of HVAC products, with China, Japan, South Korea, and the US among the major suppliers.”
Source: www.hvacrseries.com