Headline News Volume 515
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eJARN.com Headline News
Date: Jan 31, 2020, Volume 515
( http://www.ejarn.com )
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<Jan Special edition>
1. World Air Conditioner Market 2019
Affected by the decline in Chinese demand, the overall global air conditioner market in 2019 has continued to decline compared with the previous year, registering a decrease of 0.8% over the previous year, with sales amounting to 130.67 million units. The Chinese market decreased by 8.3% to 54.57 million units. The global market excluding China increased by 5.5% compared with the previous year.
Jan Special page 1
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2. NORTH AMERICA
The mini-split market in the United States increased by 15.3%. The country where air conditioning originated is becoming increasingly aware of ductless air conditioners. Of course, sales of traditional ducted systems also increased by 2.9%, and those of window units also increased by 5.6%.
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3. CHINA
According to data released by China Market Monitor, in the period spanning January to October 2019, cumulative retail sales of air conditioners amounted to 54.57 million units, a year-on-year decline of 8.3%.
Of them, online sales amounted to 18.74 million units, a decrease of 1.2% year on year, while offline sales reached 31.33 million units, a decrease of 8.4% year on year.
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4. INDIAN SUBCONTINENT
India has a huge potential market. The market growth rate in India is far lower than that in China 20 years ago, and the market prices are too low. The imbalance in the proportion of middle-class inhabitants has resulted in a lack of strong impetus for demand in the Indian market. It is said that there are not many air conditioner manufacturers that have made profits in India, but it is agreed that they must seize business opportunities
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5. EUROPE
Although the weather varied greatly from one country to another, relatively hot weather boosted the air conditioner market in Europe in 2019. The RAC market in Europe as a whole increased by about 4.4% compared with last year. However, the economic outlook is still murky, and investment in equipment is restrained. The PAC market was also increased by 2.9% compared with last year.
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