International. According to British consulting firm and market analyst Bsria, the global chiller market experienced a slight drop in value in 2012, which is related to the overall state of the world economy.
The total value fell from $8.4 billion in 2011 to $8.3 billion in 2012. However, the market for the Americas increased, returning to a level of US$1.4 billion, thanks to a growth in demand from South and Central American countries, including Brazil, Mexico and the United States.
In Asia Pacific, sales fell slightly, but it remains the most important region with a market value of US$3.7 billion. The report says that most countries in that region reported positive figures, but the decline in Japan, China and Vietnam affected the overall figure.
In Europe, the average market fell from US$1.71 billion in 2011 to US$1.68 billion in 2012, with the sharpest falls in Spain and Italy, however, the region is estimated to recover in a low range of 3.4% for 2015.
