RAC/PAC
2.7 SOUTH KOREA
In South Korea, this summer was the hottest since weather observation began (31.5 tropical nights as of August, 2018), and broke the previous record set in 1994 (25.5 tropical nights). Tropical nights...
2.6 JAPAN
Japan’s economy in the April to June quarter of 2018 left behind the negative growth seen in the previous quarter and was hauled up by personal consumption and equipment investment, getting back...
EUROPE--Eastern Europe
The Eastern European market grew by about 10% in 2018. The market performed well in the first half of the year but slowed down in the second half. The main reason is that the temperature rose in the e...
EUROPE--Germany
Northern Germany has had quite hot weather this year, and the German market grew by 10% in 2018. With strong economic support, the German PAC market has grown by 7%. Air conditioning has been slow ...
EUROPE--France
The summer in France was very hot in 2018. The RAC market increased by around 8% and the PAC market grew by 5%. Daikin, Fujitsu General, and Mitsubishi Electric are leading the RAC and PAC market i...
EUROPE--United Kingdom
The United Kingdom had a hot summer in 2018. Shipments of RACs went very smoothly, and sales increased by 12%. Demand increased from May to July, and many manufacturers have cleared their inventory. ...
EUROPE--Russia
Russian RAC and PAC sales were both down by 10% from the previous year, at 934,000 units and 52,000 units respectively. This year, some parts of southern Russia experienced hot weather, but tempera...
EUROPE--Turkey
In the early summer of this year, due to the depreciation of the Turkish lira since the beginning of the year, the commodity prices and electricity costs have risen. The un- stable weather, cool summe...
EUROPE--Greece
The summer weather was not good. Greece had a lot of rain in June and July, and demand for air conditioners was greatly reduced. It only grew in August. The RAC market fell by about 10%. The economic conditions in Greece improved in 2018 compared with 2017, with GDP growth rate of 3-4%. Some commercial facilities are under construction, and PAC sales have increased by 10%. Fujitsu General and i...
EUROPE--Spain
Spain is the fourth-largest air conditioner market in Europe, following Italy, Russia, and Turkey. After a few years of contraction, the Spanish market bottomed out in 2013. The RAC market is at a low...
