BSRIA AC studies include sales to the residential and commercial segment, and performance in both varied depending on the type of product and on the country.
Challenges experienced by all have in certain countries been aggravated by local occurrences, like local elections or particularly poor weather. On the positive side, some markets have benefited particularly well from consumers shifting their disposable income from travel to home improvements.
The trend anticipated by BSRIA several years ago - for air conditioning split heat pumps to keep gaining importance - is intensifying and becoming particularly visible in some countries. Strong climate-related legislation that promotes the electrification of heating in new buildings, particularly common in Western and Southern Europe, is driving the reversible AC market.
Heat waves across Europe are pushing sales of AC units in the residential segment in countries where until today, the penetration of cooling to family dwellings was negligible.
Competition is intensifying in the market as many players enter the promising cooling space; technology evolves with intense research and development activities, responding to climate protection related legislative challenge.
The study focuses on market sizes and characteristics, providing forecasts and presenting main suppliers. In addition, the main influences and drivers in the market are scrutinised: macroeconomic background, regulatory measures, including refrigerants legislation, are included. Finally, the study assesses the structure of foreign trade and market shares.
Products included in the study are Portables, Windows/Through the Wall, Conventional Splits (single and multi-splits), Roof Tops and Indoor Packaged, Chillers, AHU’s and Fan Coils.