China will continue to develop foreign markets, such as the Middle East, Central and South America, for air-conditioner products.
San Francisco, CA (PRWEB) September 26, 2012
The Air-Conditioner Manufacturing industry in China is a major industry within the household appliance sector. China accounts for about 70% of global room air-conditioner output. The industry has been growing strongly over the past five years, with revenue increasing at an annualized rate of 18.4% to $80.7 billion in 2012, says IBISWorld.
In recent years, China's large potential market attracted many enterprises to the industry and demand expanded rapidly. Investment from domestic and foreign enterprises operating in this industry increased greatly, especially in the room air-conditioner manufacturing segment. The major manufacturers in the world, such as LG and Samsung from Korea; Panasonic, Mitsubishi, Fujitsu and Hitachi from Japan; and Fedders from the United States, have all established factories in China. In foreign markets, most importers form partnerships with large Chinese manufacturers to guarantee reliable product supplies. This is common in Europe and the United States, the final destinations for a large proportion of exports from Gree, Midea, Haier, LG and other Japanese enterprises.
The Air-Conditioner Manufacturing industry in China will continue to develop foreign markets such as the Middle East, Central and South America, and Australia, and exports of dehumidifiers, humidifiers and air purifiers will continue to expand. However, export competition will intensify, and foreign anti-dumping policies are expected to become more frequent and stricter, says IBISWorld. In addition, export rebate declines and the appreciation of China's yuan will negatively affect export growth.
For more information, visit IBISWorld’s Air-Conditioner Manufacturing in China industry report page.
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IBISWorld industry Report Key Topics
The Air-Conditioner Manufacturing industry in China manufactures residential room air-conditioners, residential central air-conditioning systems, dehumidifiers, humidifiers and air purifiers. These products are used to adjust the indoor temperature, moisture, airflow and air cleanliness.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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