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Similar to the Chinese air-conditioning market, the long-term cycle of the global air-conditioning market is also showing a large pattern of growth in shocks. Because the current development of China's air-conditioning is expected to have a downward pressure, the growth of the global air-conditioning market in 2020 will also be affected. At the same time, the global situation is becoming more and more complicated, and new game relationships affect the global manufacturing pattern, supply pattern and mutual cooperation pattern in all aspects.
In the 2019 cold year, the total sales volume of the global air-conditioning market was 168 million units, down 4% year-on-year. There was also some pressure on the overall market capacity growth in the 2020 cold year. The industry's initial online sales are expected to be 167 million units, a slight decline of 0.4%. Flat.
At the same time, we must pay attention to two major risks. First, the risks faced by the global economic development. The arrival of the global interest rate hike has led to large fluctuations in the exchange rate. The direct risk is the change in purchasing power. Second, the risks in some regions, such as Africa. Increased trading risk in the region's account period will curb exports. The continued increase in local production capacity in Southeast Asia will also reduce demand for Chinese exports, and there are certain inventory risks in individual regions.
Overall, India, Africa and other regions are still the long-term potential market for air-conditioning sales. The advantages of China's exports have been laid, although the OEM is relatively high, but with the gradual release of overseas demand and the gradual improvement and maturity of Chinese companies' overseas layout, there will be more Chinese air-conditioning brands in the overseas market. Therefore, we firmly believe that a main line, the air-conditioning market still has a lot of room for development around the world.
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