World Air Conditioner Demand by Region

1 1 World Air Conditioner Demand by RegionJune 2019 The Japan Refrigeration and Air Conditioning Industry Association1 World Air Conditioner Demand by Region June 2019 The Japan Refrigeration and Air Conditioning Industry Association The Japan Refrigeration and Air Conditioning Industry Association (JRAIA) has just summarized the estimated results of 2018 air Conditioner (AC) Demand in the main countries around the World . These estimates are performed by the JRAIA s Air Conditioning Global Committee every year and were collected this time for AC Demand in the main countries during the past six years from 2013 to 2018. Note: The AC Demand summarized in this document stands for the total AC Demand for houses, buildings, and other structures comprising Demand of Room Air conditioners (RAC), including window type and small-sized split type ACs as well as Commercial Air conditioners .

2 The breakdown for RAC Demand is given only from 2016 to 2018. The breakdown for Commercial Air conditioners Demand is given only from 2013 to 2018. 1. Overview 1) Overall AC Demand The 2018 World AC Demand is estimated to reach million units, which is the same as the previous year. When dividing the 2018 AC Demand into the main markets of Japan, China, Asian countries other than Japan and China, Europe, North America, and other countries, the largest market is China, whose Demand reached million units with a 3% decrease. Chinese Demand occupies of the total World Demand . The second largest market is Asia, excluding Japan and China, whose Demand reached million units.

3 The third largest market is North America, whose Demand reached million units. Japan reached million units, followed by Europe with million units, and Latin America with million units. 2) Room Air conditioners (RAC) The 2018 World RAC Demand is estimated to reach million, which is the same as the previous year. The largest market is China, whose Demand reached million units with a 3% decrease. The second largest market is Asia, excluding Japan and China, whose Demand reached million units. The third largest market is Japan, whose Demand reached million units. North America reached million units, followed by Latin America with million units, and Europe with million.

4 23) Commercial Air conditioners The 2018 World Commercial Air conditioners Demand is estimated to reach million units with a 2% increase compared with the previous year. The largest market is North America, whose Demand reached million units with a 2% increase. The second largest market is China, whose Demand reached million units. The third largest market is Asia, excluding the countries of Japan and China, whose Demand reached million units. Japan reached million units, followed by Europe with million units, and the Middle East with million. Note: The graph shows RAC and Commercial Air conditioners Demand by Region from 2013 to 2018. 2. Target and Method to Survey 1) Scope and Division of Products The targeted ACs are used for houses, buildings, and other structures, and completed units including heat pump types for both cooling and heating.

5 Portable type ACs and fan coil units used for a hydronic system are excluded. RAC Demand consists of window type and small-sized split type ACs as well as residential-use multi systems. Commercial Air conditioners Demand consists of commercial-use medium /large-sized split type ACs, remote condenser type ACs, single packaged ACs, and VRF systems, including unitary type ACs and unitary type heat pumps that are mainstream in North America. 2) Method to Survey The JRAIA has collected and compiled the JRAIA market Demand survey format reported by the member companies of the JRAIA s Air Conditioning Global Committee, and projected the estimated Demand in each major market.

6 * Asia in total : AC Demand in Asia, excluding countries of Japan and China. * Period: from January to December in the calendar year * The AC Demand in and before 2017 have been revised and adjusted as necessary. * The VRF Demand in each country is shown only if country Demand exceeds 3,000 units, but the VRF total in each area is the total Demand of all countries in each area.. '13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 '18'13 '14 '15 '16 '17 ' (in million units)Residential air conditionersCommercial air conditionersJapanOceaniaChinaAsian(ex. Japan & China Mid.)

7 EastEuropeAfricaNorth AmericaLatin America33) Commercial Air conditioners The 2018 World Commercial Air conditioners Demand is estimated to reach million units with a 2% increase compared with the previous year. The largest market is North America, whose Demand reached million units with a 2% increase. The second largest market is China, whose Demand reached million units. The third largest market is Asia, excluding the countries of Japan and China, whose Demand reached million units. Japan reached million units, followed by Europe with million units, and the Middle East with million. Note: The graph shows RAC and Commercial Air conditioners Demand by Region from 2013 to 2018.

8 2. Target and Method to Survey 1) Scope and Division of Products The targeted ACs are used for houses, buildings, and other structures, and completed units including heat pump types for both cooling and heating. Portable type ACs and fan coil units used for a hydronic system are excluded. RAC Demand consists of window type and small-sized split type ACs as well as residential-use multi systems. Commercial Air conditioners Demand consists of commercial-use medium /large-sized split type ACs, remote condenser type ACs, single packaged ACs, and VRF systems, including unitary type ACs and unitary type heat pumps that are mainstream in North America. 2) Method to Survey The JRAIA has collected and compiled the JRAIA market Demand survey format reported by the member companies of the JRAIA s Air Conditioning Global Committee, and projected the estimated Demand in each major market.

9 * Asia in total : AC Demand in Asia, excluding countries of Japan and China. * Period: from January to December in the calendar year * The AC Demand in and before 2017 have been revised and adjusted as necessary. * The VRF Demand in each country is shown only if country Demand exceeds 3,000 units, but the VRF total in each area is the total Demand of all countries in each area.. 4 Overall AC Demand in thousands 201320142015201620172018y/yWorld total104,367103,79099,355102,312110,9721 10,971100 Japan9,8179,3368,8999,1469,74410,521108 Overseas94,55094,45490,45693,166101,2291 00,45099 China43,30842,47739,22240,58745,94544,63 397 Asian countries13,67214,54015,14616,41117,6041 7,817101 India3,6333,8624,0634,5075,3945,24197 Indonesia2,2462,2872,2022,3002,3372,3391 00 Vietnam9981,2291,6071,9841,9432,037105 Thailand1,1631,3151,3881,5611,5361,49397 Taiwan9521,0141,0141,0051,0901,097101 Malaysia9028988789369701,002103 Philippines664687717800867955110 Pakistan613672675720774824106 South Korea1,2361,2361,2531,2521,2631,263100 Hong Kong incl.

10 Macao539538531530585604103 Myanmar123180181206224226101 Bangladesh156170183185188202108 Cambodia818590110119130109 Singapore163162158157143142100 Sri Lanka80818488101108107 Laos084- Others12312312371736996 Middle East5,3005,5055,3845,2645,0624,33786 Saudi Arabia2,2262,2382,1641,9261,8271,36575 Israel495495517729715753105 Iran45256358957756049889 71373976373171860684 Oman29732132029628626091 Qatar27528428627824421789 Kuwait21421722521120920698 Iraq31532019318717915788 Bahrain82787780817491 Lebanon69777680776787 Others16217317416916613481 Europe6,7395,6225,4116,0716,6706,912104 Russia1,8911,4429261,0121,2211,283105 Italy9587748701,0291,0781,163108 Turkey1,02777678779083970684 Spain510477644713749747100 France362348408453534585110 Greece229180186210238243102 Ukraine33923318419519919799 Romania1018793134145149103 Bulgaria958892105129134104 Germany129128138150157172110 Portugal66656777124131106 UK153167169168188203108 Hungary4544499093110119 Poland69778292104115111 Croatia434647686975108 Norway615657575667119 Sweden535755606066109 Netherlands495151516370112 Others559526506619626696111 North America14,06014,46114,34814,60315,31515, 589102 USA13,66214,06113,91614,16314,85015,1291 02 Canada39840043144046546099 Latin America7,9438,2037,3246,4696,7676,834101 Brazil4,2124,4513,7292,9063,0633,100101 Argentina1,3021,2991,1951,0621,09598190 Mexico1,0341,0731,0371,0781.