A recent study conducted by a refrigeration and air conditioning industry association estimated that 2017 world AC demand reached to 102.31 million units, which is a 2.9% increase compared with the previous year.
Overall demand for Air Conditioners
China continued to be the largest market for air conditioners where their demand reached 40.59 million units, a 3.5% increase. Chinese demand now occupies 39.7% of the total world demand. Asia not including China, was the second largest market for air conditioners, where demand reached 16.41 million units, an 8.4% increase. North America came in third where air conditioner demand increased by 1.8% to 14.60 million units.
Room Air Conditioner (RAC) Demand
The 2016 world RAC demand is estimated to have reached 88.81 million units with a 2.9% increase compared with the previous year. The largest market was China, whose demand reached 38.41 million units with a 3.5% increase. The second largest market was Asia excluding Japan and China, whose demand reached to 14.93 million units with a 8.8% increase. Japan came in third where demand reached to 8.35 million units with a 3.1% increase. Air Conditioner demand also increased in Europe by 13.4% or 5.37 million units.
Decreases in demand were seen in North America and Latin America; North America reached to 8.04 million units, which is a slight decrease from the previous year, followed by Latin America where demand decreased by 12.2% to 5.78 million units.
Packaged Air Conditioner (PAC) Demand
In 2017, world PAC demand is estimated to have reached 13.50 million units which is a 3.0% increase compared with the previous year. The largest market was North America whose demand reached to 6.57 million units, a 5.2% increase. The second largest market was China whose demand reached 2.18 million units, a 2.8% increase. The third largest market was Asia excluding the countries of Japan and China, whose demand reached 1.49 million units, a 4.6% increase.
Decreases in demand were experienced in Japan, Europe and the Middle East. Japan reached to 0.79 million units, a 0.1% decrease, followed by Europe with 0.70 million units, a decrease of 3.5%, and Middle East which saw a decrease of a 4.1%, with 0.66 million units.
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