World air conditioning market
The Building Services Research and Information Association (BSRIA) indicates in a recent study that the contraction of the global AC market slowed down in 2016 with a 2% drop in sales of AC products by volume and a 1% drop by value. This is compared to a drop of 5% in value in 2015. Market conditions by region: The global AC market was valued at USD 92.6 billion, with packaged products accounting for almost 85% of the value. In this particular sector, Asia Pacific represents the biggest market, as illustrated in this graph:
Sales of AC products in the Americas remained flat in volume in 2016, despite the Brazilian market plummeting (-46%). The European AC market grew by 13% in 2016. The MEIA (Middle East, India and Africa) region recorded a small decline in 2016 after two years of growth.
Focus on split systems: Split systems represent the biggest segment of the world AC market, comprising over 80% of the market in volume terms. Among the splits, multi-splits account for 3% and variable refrigerant flow (VRF) account for 14 % of the global market in 2016 in value terms. Reports on the AC market by region: http://bit.ly/BSRIA-AC-NL71.
Thanks to a partnership between the IIR and BSRIA, IIR members benefit from a 15% discount on BSRIA studies. Please contact firstname.lastname@example.org for further information.
The world VRF market is the main subject of the JARN special edition of May 25, 2017. JARN estimates the global VRF market scale at nearly 1.5 billion units in 2016. This represents an increase of 21.9% compared with 2015. China represents the most attractive and the largest VRF market in the world, with almost 60% of the global market.