Latin America
2.10 LATIN AMERICA
The pandemic has severely hit the air conditioning market in Latin America. However, as people adapt to the ongoing pandemic, industrial and commercial activities have resumed, and the economy has gro...
New Year’s Resolutions from Global Association Leaders - ABR
For more than two years, the world has been fighting the pandemic. In the face of such difficulties, the heating, ventilation, air conditioning, and refrigeration (HVAC&R) industry has helped prov...
Gree Brazil Lauches G-Diamond
2022-01-23 At 7pm local of January 18, 2022, Gree Electric Appliances (Brazil) Co., Ltd. (“Gree Brazil”) launched G-Dimond (Chinese name: G-黑钻), the new product of this year, for the fi...
3.9 LATIN AMERICA - Argentina
According to data from the National Institute of Statistics and Census of Argentina, due to the pandemic, Argentina’s GDP in 2020 fell by 9.9% compared with 2019, and 2020 was the third consecutive year of decline. The mandatory quarantine measures taken to prevent and control the pandemic are the main reason for the severe economic downturn. The hotel and catering, fishery, construction, tr...
3.9 LATIN AMERICA - Brazil
According to the Brazilian Institute of Geography and Statistics (IBGE), Brazil’s GDP fell by 4.1% in 2020. This is the first decline in Brazil’s GDP after three consecutive years of growt...
3.9 LATIN AMERICA - Mexico
The National Bureau of Statistics of Mexico has indicated that Mexico’s GDP in 2020 fell 8.5% year on year, dipping to the lowest value in 88 years. Demand in the construction industry fell by 1...
3.9 LATIN AMERICA
The impact of the global pandemic has exacerbated the risks faced by Latin American countries that are already in an economic downturn. Before the outbreak, the Latin American economy was already faci...
China Increases RAC Exports to Latin America
For the first half of 2021, JARN estimated that the Latin American room air conditioner (RAC) market increased by 9.1% year on year, thanks to home office demand and economic recovery. The continen...
Daikin Aims to Expand R32 AC Production in Brazil
On August 6, 2021, Daikin Brasil announced the acquisition of the Manaus factory, with the intention of setting up full-scale production of R32 air conditioners and expansion of future business in Bra...
Review of the Global AC Market in the First Half of 2021 — P
The Latin American RAC market scale in the first half of 2021 is estimated to have increased by 9.1% year on year. According to data from China Customs, RAC exports from China to Latin America over th...
