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The world chiller market is highly likely to experience a slight dip in value in 2012 following the continued problems in global financial sector from US$8.4bn in 2011 to US$8.3bn in 2012. All regions witnessed a decline in value, except the Americas.
The market for the Americas bounced back up to US$1.4bn, experiencing an increase in demand from South and Central American countries including Brazil and Mexico as well as the USA. In Mexico chillers are still dominating the industrial and applied side of the market however they are starting to feel competition from VRF for certain projects. Also the economic situation in the USA is slowly starting to improve.
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The information for this press release has been taken from the European in-depth Air Conditioning study; the study provides details on windows and moveables, mini-splits & VRF, large package & close control, chillers and airside. It is available for the following countries: France, Germany, Greece, Italy, Russia, Spain and UK.
For more information please contact Tim Page