The global rooftops market was estimated at around 1.2 million units with a corresponding value of around four billion units representing a one per cent drop compared to 2015 in volume terms.
The US and Canada are by far the biggest two markets accounting for nearly 90 per cent of the global sales in 2016.
This product heavily relies on certain verticals such as retail and fast food service restaurants. As online trading continues to take market share from the high street, the growth will be limited in this market. The global market is expected to show a modest growth of 2.6 per cent CAGR in volume terms between 2015 and 2021.
Central plant 2
The global chiller and airside market was valued as US$14.5 billion, representing a two per cent drop compared with 2015. Chillers represented some 50 per cent of the central plant market by value in 2016. The Americas region was the only continent that recorded any growth thanks to strong performance in the US market.
Although economic growth is evident in many regions, the projects to get to the purchasing stage of building services is taking time and the market has continued to suffer from a lack of new commercial construction.
The biggest region, Asia Pacific, accounts for 35 per cent, followed by Europe with 26 per cent, the Americas region 25 per cent and MEIA region with 14 per cent. Growth levels have generally been modest with the largest markets being between one to five per cent. However, globally, the trend in the chiller market is driven by the two giants, the US and China, which, combined, represents 45 per cent of the global market.
The biggest developments in the chiller market were the increased uptake of inverter technology, as well as heat pump applications, especially in Europe. Energy efficiency laws and tough competition from DX systems is driving the chiller companies to up their game.
Overall, the central plant market is expected to show a moderate growth across all regions for the forecast period at around three per cent CAGR in value terms between 2015 and 2021.
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(The 13th) Chinese five year plan (2016-2020)
The Chinese government makes a development plan every five years: this plan stated that the government would promote the development of green technologies and energy saving industries.
1 Packaged Products include: windows, portable units, splits, indoor packaged and rooftops.
2 Central Plant products include: Chillers, Air Handling Units and Fan coils.
3 Splits contains un-ducted and ducted single splits, multi splits and VRF.
The article is based on the latest BSRIA’s World Air Conditioning Study, published in March 2017, covering 30 countries.