The global air conditioning market is forecast to grow at a compound annual growth rate (CAGR) of 18.5 percent over the period of 2011 to 2015, according to a report from Companies & Markets.
The Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI) recently released the 2011 update on the Canadian CFC chiller stock study. This update estimates that approximately the same number of conversions/replacements were completed in 2011 as in 2010.