China is world's biggest ac producer
CHINA produces 70% of air-conditioners worldwide according to new report from China Commodity Marketplace.
China produced 63m air-conditioners from Aug 1, 2006-July 31, 2007, accounting for 70% of the world's total air-conditioner production.
The notable statistic is the result of China experiencing rapid growth in its export of air-conditioners. According to the figures from China Customs, China has exported 29.33m air-conditioners, increasing by 6.71% from the previous year, while export value reached US $5.1 billion, increasing by 20.53% year-on-year.
Production of Asia-based air-conditioners accounts for 95% of the global market and 95% of Asia's production is achieved by producers in China, Thailand, Korea and Japan. The top five air-conditioner manufacturers in terms of production capacity include China-based Gree and Midea, Korea-based LG and Samsung, as well as Japan-based Panasonic.
Chinese firms Gree and Midea contributed to 17% and 15% of the total production of air conditioners worldwide, with their own brands producing a lower capacity, compared to international brands like LG, Samsung and Panasonic, as a large amount of their production are for OEM manufacturing.