Global growth in 2020 air-conditioning market
Contents |
[edit] Introduction
BSRIA has published its comprehensive range of global air conditioning (AC) reports. The 2020 studies offer different levels of market analysis: from top line global data focusing on key market trends for different AC products, through regional analysis available for Africa and Latin America (the latter added in 2020), to an in-depth analysis providing detailed qualitative and quantitative information on the AC residential and commercial markets in key strategic countries in Europe and in the US.
[edit] Sales projections
In 2019, global sales of air conditioning units increased by just over 2% in terms of volume. Expansion of COVID-19 will disrupt market demand and the global supply chain in 2020 and only the most positive scenario expects sales to remain flat.
In 2019, hot weather boosted the residential air conditioning market in Europe. Brands from Asia lead the residential sector. Across the European Union the HFC phase-down regulation is having a strong impact on products and prices with major countries progressing quickly with the change.
The healthy outlook of the US economy bolstered growth in the country’s air conditioning market in 2019. 2023 will be an important year, as efficiency standards for ducted and rooftop units are set to be enhanced and new refrigerants may be required at least in some states, such as California.
[edit] Growth markets
Latin America’s market analysis is a new addition to the BSRIA AC report offering in 2020. The air conditioning market in the region reached close to USD 5 bn in 2019, a year-on-year market growth of 6% exceeding that of North America. Brazil, Mexico and Argentina are the top three markets. Despite political and economic fluctuations, the market offers strong commercial opportunities, and several companies increased their sales in the region.
China, by far the biggest AC world market has seen a decrease in sales in 2019. In 2020 the market is expected to see a shift towards more efficient AC units. Due to new regulation on energy efficiency level starting in 2020, non-inverter and inverter splits with low efficiency will be rapidly phased down in China.
In the Middle East, Kuwait and Oman enforced new energy-saving standards. In India, the voluntary phase for energy efficiency labelling of chillers started in 2019 and will be compulsory from 2021 onwards.
The African air conditioning market represents strong potential but is still emerging nowadays. Chinese brands increased their presence through active promotion in these region.
This article was originally published as ‘BSRIA publishes new Global Air Conditioning Market Studies’ by BSRIA in April 2020.
--BSRIA
[edit] Related articles on Designing Buildings Wiki
- Air conditioning
- Africa tops world AC growth forecasts.
- BSRIA articles on Designing Buildings Wiki.
- BSRIA completes 2021 World Air Conditioning market studies.
- BSRIA global heat pump market 2019.
- Global Air Conditioning market study 2015.
- Global Air Conditioning Study 2016.
- Global Air Conditioning Study 2017.
- Global Air Conditioning Study 2018.
- Global challenges and opportunities in heating markets in 2020.
- Global growth in 2019 air-conditioning market.
- IAQ developments accelerated by COVID-19 pandemic.
Featured articles and news
Quality Planning for Micro and Small to Medium Sized Enterprises
A CIOB Academy Technical Information sheet.
A briefing on fall protection systems for designers
A legal requirement and an ethical must.
CIOB Ireland launches manifesto for 2024 General Election
A vision for a sustainable, high-quality built environment that benefits all members of society.
Local leaders gain new powers to support local high streets
High Street Rental Auctions to be introduced from December.
Infrastructure sector posts second gain for October
With a boost for housebuilder and commercial developer contract awards.
Sustainable construction design teams survey
Shaping the Future of Sustainable Design: Your Voice Matters.
COP29; impacts of construction and updates
Amid criticism, open letters and calls for reform.
The properties of conservation rooflights
Things to consider when choosing the right product.
Adapting to meet changing needs.
London Build: A festival of construction
Co-located with the London Build Fire & Security Expo.
Tasked with locating groups of 10,000 homes with opportunity.
Delivering radical reform in the UK energy market
What are the benefits, barriers and underlying principles.
Information Management Initiative IMI
Building sector-transforming capabilities in emerging technologies.
Recent study of UK households reveals chilling home truths
Poor insulation, EPC knowledge and lack of understanding as to what retrofit might offer.
Embodied Carbon in the Built Environment
Overview, regulations, detail calculations and much more.
Why the construction sector must embrace workplace mental health support
Let’s talk; more importantly now, than ever.
Ensuring the trustworthiness of AI systems
A key growth area, including impacts for construction.