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BSRIA offers review of the world air conditioning market in 2007 |
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Monday, 21 July 2008 |
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BSRIA, a consultancy, test and
research organisation, offers a review of the world air conditioning market in
2007 which reports China
has become the world largest market for air-conditioning.
 China and the US
were almost equal in market value in 2007, but in 2008 the Chinese market is
expected to grow further and widen the gap between the two countries. In 2007,
the most rapidly growing market (among countries researched in 2007/08) was Ukraine, as the market value increased by above
45% compared with 2006; this was closely followed by Greece. The growth came from an
unexpected surge in minisplit sales due to a long and hot summer in both
countries, reveals the organisation’s press release.
A growing awareness of green technologies and energy efficiency will
continue to have a significant impact on air-conditioning applications in
saturated markets and will support a trend for more advanced products such as
inverters, heat recovery and VRFs. VRF has continued to be the best performing
segment, and is expected to grow by around 15% in value during 2006-2011.
Minisplit units of over 5kW will also show strong growth of above ten per cent
in value during the same period. As for centrifugal chillers, these are
expected to perform slightly better than other chiller types, reflecting the
strong growth in large construction projects mostly in the Middle East, Brazil, Russia,
China and India. Indoor
packaged is the flattest market with an annual growth in value of below two per
cent. |
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