Global trends in air conditioning market

According to a presentation made during Chillventa in October 2014 by BSRIA (IIR partner for economic data), the value of the world air-conditioning market was 72.3 billion € in 2012, corresponding to 128.5 million units sold
According to a presentation made during Chillventa in October 2014 by BSRIA (IIR partner in economic data), the value of the world air-conditioning market was 72.3 billion € in 2012, corresponding to 128.5 million units sold. It is predicted to reach about 82 billion € by 2017 (+13.4%).

China is predicted to represent the first market in terms of value in 2014: 25,827 million € (+  3% during the 2014-2015 period) followed by the USA (10,302; +9%), Japan (8,255; +1%), Brazil (2,172; +16%), South Korea (1,678; +1%), India (1,657; +14%), Italy (1,016; +1%), Saudi Arabia (0.992; +13%), Australia (0.974; +2%0) and Russia (0.959; -13%).

In terms of market share, Daikin is the leader (14%), followed by Gree (12%), Toshiba Carrier (8%), Midea (8%) and Mitsubishi Electric (6%).

Regarding Europe, the penetration of air conditioning in dwellings is the following: Spain (47%), Russia (36%), Italy (31%), Turkey (41%), France (10%), United Kingdom and Germany (under 5%).