The Big 5 - Hvac R Exhibition Dubai 2022
From 5 to 8 December 2022 at the World Trade Center in Dubai (United Arab Emirates) The The Big 5 - HVAC R Exhibition exhibition will take place.
It is the largest and most influential event for the construction industry with its global hub in Dubai serving as a gateway between the East and West.
HVAC R Expo brings expertise, technology, and products together for an exchange of ideas and innovations.
Please follow Holtop weekly news, then we will share what we know, learn, and explore the products set to improve our indoor climates.
ATW Heat Pumps Show Strong Growth in the First Half of the Year
According to statistics from ChinaIOL, China’s air-to-water (ATW) heat pump industry reached a total sales value of RMB 7.193 billion (about US$ 1.04 billion) in the first half of 2022, growing by nearly 30% year on year; domestic market sales accounted for a value of RMB 3.743 billion (about US$ 541.4 million), increasing by 6.82% year on year; while the export market scale came to RMB 3.45 billion (about US$ 499 million), rising by 68.2% year on year.
In terms of applications, residential heat pump water heaters (HPWHs) achieved a market value of RMB 1.75 billion (about US$ 253.1 million), decreasing by 0.34% year on year and commercial HPWHs reached a market value of RMB 915 million (about US$ 132.3 million), rising by 5.4% year on year. In the space heating market, residential segment had a sales value of RMB 739 million (about US$ 106.9 million), and project segment achieved a sales value of RMB 340 million (about US$ 49.2 million), rising by 24.55% and 18.26% year on year respectively.
The domestic market was impeded, but the export market presented high-speed growth. In terms of overall heat pump market scale, the current export market scale is close to the domestic market scale. In the rankings of export destination countries in the first half of 2022, Italy, Poland, Australia, and Spain all saw average a growth of over 50% year on year.
CAC Market Shows Gloomy Performance in the First Half of the Year
This year has seen outbreaks of pandemic across China, exerting a stronger adverse effect on economic development, and the unexpected suddenness caused severe shocks, putting huge pressure on a decreasing economy in the second quarter of the year.
In the first quarter, the commercial air conditioner (CAC) market continued a growing trend in the first half of the year, presenting sound growth. However, due to the impact of the pandemic and control in the real estate industry, the second quarter saw a severe impact on product delivery. According to statistics on Aircon.com, the CAC market volume only saw a 1.7% growth rate in China in the first half of 2022, attributed to the following factors.
CAC has been impacted by multiple factors, such as the pandemic, logistics, production, capital and project cycles.
Real estate industry development is currently gloomy, and industry uncertainty is increasing, making it the biggest resistance in market growth.
Price increases are an important factor in boosting market growth. Prices rise by 3 to 10% every time, and some enterprises have seen the most recent price increase in June or July, leading to large amount of stocking up on standard CACs by dealers.
Screw chillers, unitary chillers, and modular chillers have seen market declines, and centrifugal chillers and variable refrigerant flow (VRF) systems enjoyed market growth. Growth in centrifugal chillers was attributed to demand for this type of products by some popular industries; and growth in VRF was attributed to growth in the home decoration retail market. The home decoration retail market achieved a small amount of growth, adding the largest momentum towards fostering market growth.
Post time: Nov-02-2022
