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2.9 LATIN AMERICA -- Mexico
In the context of the job-saving American policy advocated by the U.S. President Donald Trump, several manufacturers including Carrier have abandoned their plans to shift their U.S. production bases t...
2.9 LATIN AMERICA -- Brazil
According to ABRAVA, in 2016, the Brazilian HVAC&R market reported sales of 26.5 billion real (US$ 7.9 billion), of which 18.9 billion real (US$ 5.6 billion) was in the industrial segment, 4 billi...
2.9 LATIN AMERICA
According to BSRIA, Mexico is the largest chiller market in Latin America followed by Brazil. The combined market scale of Mexico and Brazil in 2016 recorded US$ 154.2 million, an 11% year-on-year decrease. When large roof surfaces are available, rooftop units provide greater flexibility in terms of installation, and they are often preferred over chillers in Latin America for large-capacity...
2.8 MIDDLE EAST -- Iran
Iran’s GDP came to 6.54%, by far the highest growth seen in the Middle East in 2016. Economic sanctions were lifted on January 20, 2016, but trade sanctions remain in place, which is dampening business activity. Iran is the second-largest chiller market in the Middle East. Its market scale reached US$ 141.8 million in 2016. This makes it the ninth-largest market in the world, but it was sti...
2.8 MIDDLE EAST -- Saudi Arabia
According to the IMF, Saudi Arabia’s GDP was 1.74% in 2016, far lower than the 4.11% recorded in 2015. The projection of 0.13% GDP growth in 2017 is also very challenging. The Saudi Arabian economy is highly dependent on oil, which accounts for approximately 90% of its exports and 80% of government revenue. Aiming to move away from oil dependency and increase employment opportunities for it...
2.8 MIDDLE EAST
The large scale of the Middle Eastern chiller market remained unchanged in 2016, but its rate of growth slowed. The two largest markets in the region are Saudi Arabia and Iran, and both recorded doubl...
2.7 SE ASIA -- Singapore
Singapore is calling for diversification of energy applications and uses liquid natural gas (LNG) for electricity generation. The country encourages green buildings as a way to reduce carbon emissions...
2.7 SE ASIA -- The Philippines
The Philippine chiller market reached US$ 44.6 million in 2016, recording a small decrease of 1.8%. The centrifugal segment accounted for nearly two-thirds of the total market and showed a decrease of...
2.7 SE ASIA -- Vietnam
Vietnam’s chiller market is not so large at present compared with the big two markets in Southeast Asia, Thailand and Indonesia. However, it increased to US$ 40.7 million in 2016, showing significant growth of 23.6% compared with 2015, despite the stagnant market situations in the big four markets in the region, namely Thailand, Indonesia, Malaysia, and Philippines. By chiller type, centrif...
2.7 SE ASIA -- Malaysia
Malaysia’s chiller market decreased to US$ 47.0 million in 2016. All the chiller type segments showed a decrease. In particular, a large decrease of 13.2% was recorded in the absorption sector. ...
