Global AC Trends 2014

Global AC Trends

全球空调市场趋势

CR Show,

April 2014

Angela Yu

2 Excellence in Market Intelligence 2

AC Global Trends

全球空调市场趋势

Critical

Very Certain

Energy Efficiency and

renewables

Market Globalization &

Industry consolidation

Refrigerants

VRF vs. Chiller

Market Drivers市场驱动力

Joint Ventures

And Alliances

European Economy

Market Restraints市场阻力

Emerging Countries Material cost

Chinese growth

slowdown

Smart buildings smart

homes

Legislation

Ventilation/

DOAS

US recovery

3 Excellence in Market Intelligence

Global HVAC Market Value

全球HVAC市场容量

Europe analysis based on following countries:

Austria, Belgium, Czech Rep., France, Germany, Italy, Netherlands, Poland, Spain, Sweden, Switzerland, Turkey, UK

Total 2013 market value: €92.3bln

NAmerica

€21.2bln

China

€30.4bln

Japan

€17.6bln Europe

€25.9bln


World Air Conditioning Market, 2012-2017

全球空调市场容量

Value (US$m)

Volume (units)

Total 2013:

122.9 million units

Total 2013:

US$91.6 billion

4


World Fastest Growing Markets, CAGR 2012-17

全球增速较快的市场

5

Warm spots >10-20% growth

Cold spots <0% growth

Hot spots >20% growth

India

Indonesia

Russia

Columbia

Chile

Nigeria

Brazil

Venezuela Vietnam

Australia

Turkey Japan


World Air Conditioning Market, 2012-2017

全球空调市场概况，2012-2017

Total 2013:

122.2 million units

6


Production 2013,% by Volume

产量

7

11,439 Total ‘000

units: 1,477 94,736 1,014 1,572 400


Top 12 in 2013

2013年前12大市场

Ranking Country Trend Market Value* Market growth**(%) Hot products

Turkey

Germany

Italy

Saudi Arabia

Australia

Russia

India

S. Korea

Brazil

USA

Japan

China

12 +20% 1,028 VRF, Chiller

11 1,214 + 32% VRF, Chiller

10 1,519 + 11% None

9 1,432 + 42% Ductless, Ducted, VRF

1,523 + 6% Unitary, Chillers 8

7 1,677 - 11% Chillers

* In US$ million for 2013 * *Growth rate from 2012 to 2017

6 1,868 + 61% Ductless, VRF

2,198 + 6% Ductless, VRF 5

2,379 + 204% Ductless, VRF, Chillers 4

12,755 + 30% Ductless, VRF, Chillers 3

11,841 - 4% None

30,727 + 45% Ductless, VRF, Chillers

2

1


Global Minisplit Market

全球小型分体机市场

Top 10 countries in Europe in 2013 by units

(number of pieces)


AC VRF Market

多联机市场

World market for VRF from 2011 to 2016

in units (number of pieces)

Top 10 countries in the world market VRF in

2013 by units (number of pieces)

Top 10 countries in Europe in 2013 by units

(number of pieces)


AC Chiller Market

冷水机市场

World Market for chillers from 2011 to

2016 in value (US$m)

Top 10 countries in the world market for

chillers in 2013 by value (US$m)

Top 10 countries in Europe for chillers in

2013 by value (US$m)


Global Market Shares

全球市场份额 Global AC Market Shares 2013 AC Market Shares Europe 2013


Total AC Growth Rate In Asia, 2013

亚洲空调市场

13

China

US$30,726.7m

Indonesia

US$917.5m

Vietnam

US$558.2m

Japan

US$11,840.5m

India

US$1,867.8m

Malaysia

US$574.0m

Australia

US$1,438.7m

Thailand

US$1,029.5m Total Asia Pacific

US$53,570.9m

Value CAGR 2012-2017


The Chinese AC Market

中国空调市场

Total 2013:

US$30,726.7 million

No. 1 in AC market

No. 1 for Chillers

No. 1 for VRF

No. 1 for Fan coils

No. 1 for Splits (single and

multi)

No. 3 for AHU


AC Growth Rate in Europe, 2013

2013欧洲空调增速

15

12% -5%

-1% 1%


Europe AC Market Growth 2012-13

欧洲空调市场

UK France Russia Spain Italy

10%

8%

6%

4%

2%

0%

-2%

-4%

-6%

-8%

-10%

Germany Turkey

Splits+VRF (by

volume) Chillers (by value)


Energy Related Product Directive (ErP)

欧洲相关指令(ErP)

Under the regulation, new seasonal efficiency requirements and new energy labels are introduced

for air conditioning products with capacity ranges up to 12 kW.

From 1 January 2013 SEER SCOP From 1 January 2014 SEER SCOP

GWP of refrigerant > 150 3.6 3.4 GWP of refrigerant > 150 for <6kW 4.6 3.8

GWP of refrigerant ≤ 150 3.24 3.06 GWP of refrigerant ≤ 150 for <6kW 4.14 3.42

GWP of refrigerant > 150 for 6-12kW 4.3 3.8

GWP of refrigerant ≤ 150 for 6 to 12 kW 3.87 3.42

Efficiency requirements for air conditioners, except single and double ducted.

Consequences

On/off air conditioner is no longer able to be sold in EU.

The energy efficiency requirement will be reviewed every 1-2 years.


Trends In Inverters for Splits: Top 10 and

Europe 分体机变频化趋势

18

World Refrigeration

– 2011-2016

全球制冷市场

CR Show

Angela Yu

April 2014


The Output

报告样本

20


Definitions and Double Counting

定义和重复计算

21

compressors OEM – no

double count

Condensing

units

Racks/packs

Evaporator &

refrigeration

units

Heat

exchangers

OEM/local ref companies buying

from OEM outside

country – no

double count

Double

counting

no double

count

Double

counting


Global Drivers

全球制冷市场驱动因素

22

Importance

Degree of Adoption

low

high

med

high

med

• In EU countries supermarkets and energy efficiency are key

• In India, China and Brazil, improving the food chain is a main driver

EU Legislation/

Outlawing of R22;

Directive 2009/125/EC on

Ecodesign1 a framework

for energy reduction

Supermarkets –

Energy Efficiency/

Green credentials

Improve food

chain/avoid

waste

Discount

stores – Lidl,

Aldi etc.

Smaller

supermarkets

Design

Reliability

Quick

installation

Price of

Copper

Reduce noise

levels

Inverters


R22 HCFCs

404A; R407; R134A

Natural Refrigerants

CO2, Ammonia,

Hydrocarbons

New

Refrigerants

UK X Honeywell’s R407F

France X HydrocarbonsR290,

iR600a,R1270, R1150

Germany X Honeywell/DuPont’s

R1234ze and R1234yf

Italy

Russia X X

China

Brazil X

India X

USA R744 vending

machines (Coca Cola)

Global Rrefrigerant Trends

全球制冷剂趋势

23

= stopped/stopping using = moderate take up = good take up


Overview by Country & Product, by Volume (Units)

产品和销量

24

Total 2012: 19,287,606 units

20%

24%

3%

5% 6%

11%

5% 4%

22%


Overview by Country & Product, by Value (US$)

产品和销售额

25

Total 2012: 31,034.5 US$ million

12%

35%

5% 6% 3%

6% 7% 5%

21%


The Players

厂家

Compressors

Racks & packs

Condensing units

Evaporator/refrigeration units

26

Global

Local


End User Sectors

最终用户

27

• Food manufacturing, food distribution and storage and food retailing/ etc

account for the bulk of refrigeration – approximately 75-80%

Pharmaceutical Petro-Chemical Marine Leisure Building services


Growth in Rrefrigeration, by Country,

by Value, CAGR 增速-按国家

28

2012 total: 31,034.5 US$ million

14.5%

8.7%

7.6%

7.0%

4.2%

3.7%

2.7%

2.5%

1.6%


Growth in Refrigeration, by Product Area,

by Value, CAGR 增速-按产品

29

2012 total: 31,034.5 US$ million

7.2%

6.8%

6.2%

5.9%

5.6%

5.4%


Contact Details

30

Angela Yu Deputy General Manager, BSRIA Asia Pacific

Senior Consultant

M : +86 (0) 13601070393 E : [email protected]

Head Office:

Old Bracknell Lane West, Bracknell, Berkshire RG12 7AH

D : +44 (0)1344 465600 F : +44 (0)1344 465626

W : www.bsria.co.uk

Technology

Global AC Trends 2014