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World market for Air Conditioning 2014 (Airside) - Spain

  • April 2014
  • -
  • BSRIA Worldwide Market Intelligence
  • -
  • 18 pages

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The review format provides a concise overview of market size and structure by individual country, allowing quick analysis and easy cross-referencing between countries. 20+ core countries are published every year, with a further seven researched on a rotational basis to provide greater geographical coverage over time. Product coverage: windows and moveables, rooftops and indoor, chillers, airside, VRF, mini and ducted split systems

3.2 CHILLERS
The Spanish market for chillers keeps decreasing as a direct consequence of the lower public and private investment on the construction sector. This is translated into a relatively low number of new projects and less on the foreseeable pipeline putting things difficult for the market to recover. Reposition and replacement have slightly increased counterattacking the drop on the new build segments.

The market keeps competing with the VRF again. Prices for the latter one decreased during 2010 and have been performing steady increases year on year despite its constant market drop since then. This situation has opened a gap for chillers to compete merely by price not as for technology enabling the chiller market to erode a tiny portion of the VRF market. This tendency is expected to continue during the next few years until the VRF market start to catch up again.

The chiller market accounted in 2011 for an estimated volume of 5,131 units establishing a -16.7% drop compared to 2010. The market value was estimated at €77 million representing a 16% decrease compared to the previous year. The market has been hit considerably during 2011 as a snow ball effect commenced in late 2009. The market has been avoiding major declines for the past years thanks to the projects placed on the pipeline. Once the pipeline has emptied the market has contracted in a more
accentuated way than the previous year’s performance.

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Related Market Segments :

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ref:plp2014

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