BSRIA Global Air Conditioning Study Shows Recovery in 2017
The recently published BSRIA market intelligence study shows the global air conditioning (AC) market is in recovery. The large markets, such as the US, are growing “well above the global average”, while the Chinese market is “picking up”. However, the European markets continue to be in recovery and will be challenged by political and legislative issues in 2018.
Small splits are becoming more of a commodity product which means high levels of competition but opportunities are opening for new distribution channels. Greater interest in mini VRF and water based solutions and a drive towards offering more solutions and smart products to add value at the commercial end.