Chinese acr demand to hit 237 million by 2016
CHINA: Chinese demand for air conditioners will reach 124,000,000 units and refrigerators will reach 113,000,000 units by 2016, according to the China Refrigerant Compressor Industry Report, 2013-2016 released by Sino Market Insight.
Chinas sales of inverter compressors in 2012 decreased by 2% to 34.77 million units, of which total domestic sales also fell by 2% to 32.16 million unit. Total exports were static at 2,612,000 units.
The refrigerator compressor market is fairly mature in a relative sense, and current industry players include Huayi, Donper, Qianjiang, Wanbao and Embraco.