Scorching Summer Spurs China AC Market Price Recovery

摘要

According to China Market Monitor, high inventory volume caused a price war in China's air conditioner market beginning in October 2015. The average price in the air conditioner industry dropped by 3.6% year on year in 2015. Non-inverter and inverter wall-mounted air conditioners as well as non-inverter and inverter floor-standing air conditioners have seen year-on-year price drops of 5.3%, 4.4%, 4.7%, and 4.4%, respectively. The price war has severely impacted air conditioner manufacturers.