Working from home and lockdowns benefited residential AC sales. Government incentives and legislation boosted demand. Light commercial is worst affected.
USA - Strong performance of the residential market with house renovations and heatwave pushing demand. LATAM worst affected but first sign of recovery recorded in Brazil.
The Middle East, India and Africa
Commercial products experienced a major disruption caused by the COVID-19 outbreak. IAQ and ventilation in existing buildings with more customisation on AHUs.
Pandemic deepened the contraction which was expected before the pandemic in China with VRFs and AHUs faring well. The Health crisis has increased ventilation demand.
Available in PDF and Excel format, the study focusses on market sizes and characteristics, forecasts, and main suppliers. The main influencers and drivers in the market are also scrutinised: macroeconomic background, refrigerants and regulations are included. Finally, the study assesses the structure of foreign trade and market players.
Products included in the study are Portables, Windows/Through the Wall, Splits (single and multi-splits, VRF), Roof Tops and Indoor Packaged, Chillers, AHUs and Fan Coils.
New areas include the report include the volume of DX-Coil vs. chilled water AHUs and the changing refrigerant uptake in splits, as well as looking at the penetration of integrated IP connected controllers by key product segments.
Also available is the World Excel Overview with September 2021 update on the 21 countries for Splits &VRF, chillers, large packaged & rooftops.