World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Africa tops global air conditioning forecasts

AFRICA: The African air conditioning market is forecast to grow at an above average 5.5% CAGR between 2017-2023, by volume, according to market research company BSRIA.

This will exceed the global forecast of 4.9% for the same period, and follows 2018 figures when the African market grew by 4%.

The main drivers for the growth are an increasing population, better performing economies, more stable governments, new construction, urbanisation and rising disposable income. The countries with the strongest growth forecast are: Ghana, Kenya, Nigeria and Tanzania.

BSRIA admits there are still a myriad of challenges faced by the countries in the region, including a recovering economy in Egypt with strong growth in construction and a planned new capital city; economic stagnation in the run-up to the passing of the Expropriation Bill in South Africa; shortage of foreign currency in Ethiopia and economic reforms in Tanzania restricting imports, as well as tough economic conditions challenging the growth of the Tunisian AC market.

“In spite of its political uncertainty and economic challenges, the continent continues to attract investors’ attention, especially from China,” said BSRIA research manager Saziye Dickson.

The main reason behind the growing interest in the region is its strong economic growth. According to the latest Oxford Economics forecast, GDP growth for Africa is set to outstrip that of any other world region from 2012 to 2030. This is driven by rapid economic and population growth, resulting in faster urbanisation than any other continent over this period.

BSRIA stats reveal that the annual sale of 2.8m units mostly consists of single un-ducted splits which enjoy the strongest forecasted growth (6%) due to demand from residential and light commercial projects. The VRF sector (4% growth) is the second fastest growth area in Africa.

The expected growth of 3% CAGR (2017 – 2023) in the chiller market will match the growth levels of the Americas and the European AC market.

Latest News

12th July 2024

Chinese HFC blends evaded anti-dumping duties

USA: The US Department of Commerce has ruled that imports of certain blend refrigerants from Turkey, Malaysia and China have been circumventing anti-dumping duties imposed in 2016.
12th July 2024

High temperature heat pump on R513A

EUROPE: Mitsubishi Electric has launched a new high temperature water-to-water heat pump using lower GWP refrigerant R513A.
11th July 2024

Danfoss opens new factory in Mexico

MEXICO: Danfoss has inaugurated a new 40,000m² compressor, sensor and heat exchanger manufacturing plant at its Monterrey campus.
11th July 2024

Belfield chairs FETA Training and Skills Group

UK: Manufacturers’ group FETA has appointed Wendy Belfield, of BEMS controls company InTandem Systems, as chair of its Training and Skills Group.
10th July 2024

Fridge achieves Peak performance

UK: A fridge sponsored by wholesaler Beijer Ref is aiming to raise £5,000 after completing the 100km Peak District Ultra Challenge strapped to the back of charity fundraiser Daniel Fairbrother.
10th July 2024

OCR scanning to speed HVAC spares identification

USA: Parts Town, the distributor of OEM parts for foodservice, HVAC parts and residential appliance equipment, has added visual search capabilities to its mobile app.