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The refrigerator compressor industry starts rational adjustment in 2019

  • Categories:NEWS
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  • Time of issue:2020-02-20 16:29
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(Summary description)Since about 2013, the overall sales growth rate of the refrigerator and freezer market has suddenly slowed down, the life of those refrigerator compressor manufacturing companies which were very prosperous in production and marketing also became difficult from that year. Since then, the refrigerator and freezer markets have maintained a small growth, and have never experienced rapid growth again. The growth rate of production and sales of refrigerators and freezers in 2019 will be around 3%. Today, the huge gap between the production capacity of more than 300 million units and the market demand of about 150 million units has become a heavy burden on the refrigerator compressor industry.

The refrigerator compressor industry starts rational adjustment in 2019

(Summary description)Since about 2013, the overall sales growth rate of the refrigerator and freezer market has suddenly slowed down, the life of those refrigerator compressor manufacturing companies which were very prosperous in production and marketing also became difficult from that year. Since then, the refrigerator and freezer markets have maintained a small growth, and have never experienced rapid growth again. The growth rate of production and sales of refrigerators and freezers in 2019 will be around 3%. Today, the huge gap between the production capacity of more than 300 million units and the market demand of about 150 million units has become a heavy burden on the refrigerator compressor industry.

  • Categories:NEWS
  • Author:
  • Origin:
  • Time of issue:2020-02-20 16:29
  • Views:
Information

        Since about 2013, the overall sales growth rate of the refrigerator and freezer market has suddenly slowed down, the life of those refrigerator compressor manufacturing companies which were very prosperous in production and marketing also became difficult from that year. Since then, the refrigerator and freezer markets have maintained a small growth, and have never experienced rapid growth again. The growth rate of production and sales of refrigerators and freezers in 2019 will be around 3%. Today, the huge gap between the production capacity of more than 300 million units and the market demand of about 150 million units has become a heavy burden on the refrigerator compressor industry.

 

       In 2019, the overall market for refrigerators and freezers is still tepid. According to the National Bureau of Statistics, from January to July, a total of 50,430,700 domestic refrigerators were produced nationwide, with a year-on-year increase of 4.21%; a total of 11,711,700 domestic freezers were produced, with a year-on-year increase of 13.42%. Judging from the current economic operation situation, there will not be a big turn in the second half of the year. Under the environment of slow growth of the machine market, compressor manufacturers paid a great price to adjust the development pace. Effort pays back, in the first half of 2019, the overall performance of the refrigerator compressor industry was good, with a cumulative output of 92.49 million units, an increase of 9.3% year-on-year; sales volume was 93.61 million units, with a year-on-year increase of 8.4%, which was a further increase compared to the 6.3% year-on-year increase in 2018.

 

      In August, learned from many interviews, after many years of survival of the fittest, the concentration of refrigerator compressor brands has increased, and the market competition environment has been improved. At present, mainstream refrigerator compressor manufacturers have adapted to the pace of industrial development, and produced and sold in an orderly manner. 

 

       FSTB is the leading temperature control solutions and services provider. We have been designing and developing high quality temperature control solutions for refrigeration equipment such as refrigerators and freezers, providing standardized products and customizable solutions for defrosting and temperature regulation. Over the years, our refrigerator temperature control program has served customers such as Haier, Midea, Electrolux, Whirlpool, General Electric, Panasonic, Gree, Siemens, etc., and won the trust of customers.

 

 

      

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