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. The breakdown for RAC Demand is given only from 2016 to 2018.

2 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. 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.

3 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. 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.

4 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. 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.

5 * 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. 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.

6 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. 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.

7 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.. * 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.

8 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 Mexico1,0341,0731,0371,0781,0951.

9 07198 Venezuela371330322312332356107 Colombia187210235277286323113 Panama170161161149183194106 Ecuador102103103128139143103 Chile867171113116134115 Peru11711511511311211199 Cuba106116116929193102 Puerto Rico13313410310310510499 Jamaica0535353524892 Others12386838397176182 Africa2,5552,5972,5262,6332,5783,036118 Egypt765781782758768872114 Nigeria56660354950548748098 Algeria206205194229208455218 South Africa22123222525324924599 Libya18915915915515715699 Morocco132135135130134154115 Ghana97979792105127121 Tunisia05454585968115 Others379329329453411479117 Oceania9731,0501,0961,1271,2891,291100 Australia8699469851,0081,1541,14099 New Zealand9797105113129144112 Others776667117 Overall AC demand5 Room Air Conditioners (RAC) in thousands 201320142015201620172018y/yWorld total91,43290,70486,24488,80796,40596,07 1100 Japan9,0138,5008,1048,3528,9249,650108 Overseas82,41982,20478,14080,45587,48186 ,42199 China41,14840,32537,10338,40943,48742,15 097 Asian countries12,37913,19613,72414,92315,9831 6,121101 India3,4463,6743,8474,2825,1384,95796 Indonesia2,1532,1982,1092,2092,2532,2541 00 Vietnam9561,1781,5461,9121,8631,949105 Thailand1,0721,2031,2681,4231,3221,26796 Taiwan9019609599501,0261,037101 Malaysia821811789843881914104 Philippines608628651731793873110 Pakistan583640644679730777106 South Korea668668667666667667100 Hong Kong incl.

10 Macao506505499497553570103 Myanmar117174174197211210100 Bangladesh142152164166168180107 Cambodia788185103111118106 Singapore14013513012911711497 Sri Lanka7374778194101107 Laos76 - Others115115115555657102 Middle East4,6674,8434,6994,6074,4223,73785 Saudi Arabia2,0512,0631,9801,7461,6621,22774 Israel398398418635624661106 Iran41551953552550844888 57057759457055444480 Oman26128228025724822992 Qatar24125225024320918789 Kuwait16316617316216115194 Iraq28629017417016314388 Bahrain70666570706390 Lebanon62706973706187 Others15016016115615312380 Europe6,0484,9744,7315,3665,9436,165104 Russia1,7711,3498619511,1511,205105 Italy9157318219761,0241,103108 Turkey94470070871076163884 Spain41337751157860660199 France279275324363439485110 Greece219170177197225230102 Ukraine32522517818819319199 Romania968085126137141103 Bulgaria938690103126130103 Germany848592103114130114 Portugal59586069115122106 UK7384808098110112 Hungary4141468788105119 Poland566366758797111 Croatia404344656772108 Norway595455555465120 Sweden505452575762109 Netherlands343536364754115 Others497464445548554624113 North America7,8948,2378,1078,0388,1338,240101 USA7,7548,0927,9587,8817,9588,056101 Canada140145149157175184105 Latin America7,1457,3936,5835,7826,0896,235102 Brazil3,8094,0283,3492,5782,7582,811102 Argentina1,2481,2611,1661,0351,06995790 Mexico847882847891904911101 Venezuela349311303293313338108 Colombia170190212253263304116 Panama151141141128163178109 Ecuador979898123134139104 Chile786666108111129116 Peru999797939295103 Cuba104114114908991102 Puerto Rico838264646677117 Jamaica434343424198 Others11080838385164193 Africa2,2942.