http://www.mepmiddleeast.comNEWS UPDATE
MARKETS
Recorded sales of three million
units represented a marginal 3.3%
decline for the global heat pumps
market.
A study from construction engi-
neering consultancy BSRIA noted
that while sales jumped 18% in
2017, the 2018 market shrank slightly
in terms of volume.
It also revealed that more than
a third (34%) of all units were ac-
quired for residential refurbish-
ment, while 58% went straight into
new builds.
Aline Breslauer, senior market
intelligence analyst at BSRIA,
said the market suffered from the
slowing Chinese economy in 2018.
She said: “The recent US-China
trade war has put more pressure
on economic expansion, leading to
rising prices on raw materials and a
slower new residential construction
market.”
However, she added that envi-
ronmental measures to reduce CO
emissions have supported the heat
pump market.
Air-source units maintained stronggrowth rates, with splits systems
increasing at the fastest pace, +19.1%
by volume, followed by monobloc
(+18.2%).
Air-sourced units designed toproduce sanitar y hot water only
also rose in popularity during
2018, primarily driven by an in-
creased demand from the French
market.More than a third (34%) of all units sold were acquired for
residential refurbishment, according to research from BSRIAGlobal heat pumps market posts
slight year-on-year decline
Environmental measures to reduce CO2 emissions have supported the heat pump market.„ItÊs about
cultivating
relationships to
create a long-term
commitment to
people,‰
BRAD BATCHELLER, KEO managing
director of corporate business
development.„To anticipate
the future is to
anticipate all
aspects of our
behaviour,‰
ROBERT DAVIES, head of specialist
services at WSP Middle East.„I feel at the
moment that it
is the industry
itself that is at
the root cause
of the issues,‰
SAEED AL ABBAR, AESG managing
director.
2019 CALENDAREVENTS
AWARDS
SEPTEMBER
Leaders in Construction
UAE Summit
Date: 17 September
Place: Le Meridien
Dubai Hotel
OCTOBER
Leaders in Construction
Kuwait Summit
Date: 16 October
Place: Radisson Blu Kuwait
Dispute Resolution
Question Time Abu Dhabi
Date: 22 October
Place: Sofi tel Abu Dhabi
NOVEMBER
Leaders in Logistics
Summit 2019
Date: 12 November
Place: Grosvenor House
DubaiNOVEMBER
MEP Middle East Awards
Date: 6 November
Place: Dubai„VRF technology
is keeping all
of us working in
construction on
our toes,‰
MANSOUR KHAROUB, associate
principal at Khati & Alami.6 MEP Middle East | A u g u s t 2 0 1 9