Applied
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. ...
2.7 SE ASIA -- Thailand
The Thai chiller market size was US$ 66.9 million in 2016, indicating a 13.8% year-on-year decline. The scroll chiller market decreased by 21.0% to US$ 4.3 million. Moreover, the centrifugal and screw chiller sectors showed negative growth. As Thailand has abundant water resources, water-cooled chillers dominate the market. At production plants owned by foreign companies, high-end hotels, a...
2.7 SE ASIA--Indonesia
Indonesia’s economic growth rate slowed down to around 5% in 2016, impacted by lower commodity prices. Indonesia’s infrastructure is still lagging behind that of other developing countries. The Indone...
2.7 SE ASIA
In 2016, the GDPs of Indonesia, Malaysia, Philippines, Thailand, and Vietnam grew by 5%, 4.2%, 6%, 3.2%, and 6.2%, respectively. Among them, growth of Indonesia and Philippines exceeded expectations, ...
2.6 SOUTH KOREA
According to the IMF, South Korea’s GDP growth rate was 2.83% in 2016, and is projected to be 3.02% in 2017. Exports of semiconductors have been solid, and the economy appears to be on a moderate reco...
2.5 INDIA
Reported by Rakesh Kumar, Managing Editor, ISHRAE Journal Economic Environment India’s gross domestic product (GDP) growth in 2016-2017 (April 2016-March 2017) slowed to 7.1% from 7.3% i...
2.4 EUROPE--Spain
The Spanish economy is still expected to grow, although at a slower pace. With further growth of 2.8% forecast, 2017 will be the fourth consecutive year of recovery for 2017. This growth continues to be based on the power of internal demand and exports, and in the improvement in jobs, which raises disposable income and tax revenues. Spain, Europe’s eighth largest chillers and air-side marke...
2.4 EUROPE--The United Kingdom
The UK economy performed better in 2016 than expected and growth in 2017 is now projected to be stronger than previously anticipated, likely reaching a GDP growth rate of 1.8%. However, the outcome of...
2.4 EUROPE--Turkey
Turkey’s economic activity slowed in 2016 against the backdrop of a failed coup in July and increased geopolitical tensions in the region. However, helped by numerous government measures, both private consumption and investment have started to recover. Against the backdrop of steady increases in the labor force, the youth unemployment rate is historically high, reaching 24% of young workers in ear...
2.4 EUROPE--France
French GDP gained momentum at the end of 2016. This positive trend was passed on to the first quarter of 2017 with GDP growing by 0.3%. Business investment accelerated by 0.9% due to very favorable co...
