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Chiller sales set to dip

The world chiller market is highly likely to experience a slight dip in value in 2012 following the continued problems in global financial sector from US$8.4 billion in 2011 to US$8.3bn in 2012, according to BSRIA.
Chiller sales set to dip
It said all regions witnessed a decline in value, except the Americas. The market for the Americas bounced back up to US$1.4bn, experiencing an increase in demand from South and Central American countries including Brazil and Mexico as well as the USA. In Mexico chillers are still dominating the industrial and applied side of the market however they are starting to feel competition from VRF for certain projects. Also the economic situation in the USA is slowly starting to improve.

Total Asia Pacific sales dropped slightly but it remains the largest market with sales worth US$3.7bn. Most countries within this region showed an increase over the previous year- however sales in Japan, China and Vietnam decreased. The Middle East experienced a dip in sales dropping to US$1.5bn from US$1.6bn.

Total Europe dropped in value to US$1.68bn from US$1.71bn in 2011, with Spain, and Italy showing the largest decreases. This region is also forecast to recover at the slowest rate of 3.4 per cent up to 2015.

Trends in this region include developments towards greater energy efficiency; however price is more than ever the key determinator in most projects.

In many countries, multiple scroll chillers are the winning shareat the expense of screw and turbocor, BSRIA concluded.
12 November 2012

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