1. Global AC Market Shows Growth Driven by India and China
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.
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2. HVAC&R Manufacturers to Be Gathered at Bangkok RHVAC 2017
Bangkok Refrigeration, Heating, Ventilation and Air conditioning (Bangkok RHAVC 2017) will be held in Bitec Bangna, Bangkok, Thailand, from September 7 to 9. Bangkok RHVAC 2017 will feature 900 booths representing 300 companies from Thailand and Overseas countries.
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3. Daikin Aims to Be a Truly Excellent Company in the U.S.
Daikin held an opening ceremony on May 24 for its new Daikin Texas Technology Park (DTTP) facility located in a suburb of Houston, Texas, the United States. On this occasion, JARN interviewed Noriyuki Inoue, chairman of the board, Daikin, to hear about its business strategy focusing on the U.S. market.
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4. Sapa Joins Hydro to Create a Global Aluminum Champion
Norsk Hydro has agreed with Orkla to acquire a 50% interest in Sapa for a total enterprise value of Norway krone (NOK) 27 billion (US$ 3.4 billion), giving full ownership of the global leader in extruded aluminum solutions and making Hydro a leading force in the global aluminum industry.
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5. China’s ATW Heat Pump Rotary Compressor Market Grows 25% in 2016
China’s heat pump compressor market expanded rapidly in 2016, driven by the Coal-to-Electricity policy promoted vigorously by both central and local governments. According to data provided by compressor manufacturers, market demand for rotary compressors for air-to-water (ATW) heat pumps reached 1.4 million units in 2016, showing 25% year-on-year growth.
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