Venezuela air treatment market forecast to increase by 1% CAGR during 2014 to 2019
Air Treatment Products in Venezuela - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-30 00:11:04
In 2013 a new labelling system came into force for air conditioners, which will allow users to identify those products that meet higher energy efficiency standards. The new label will include the name or trademark of the product and indicate model, with products being ranked from the most efficient (A) to the least efficient (F), which will be identified by a colour. This labelling system incorporates the energy efficiency ratio (EER) of the air conditioning unit, so that the higher the value, the more efficient the unit is rated. All importers and manufacturers must label use this labelling systems for their products sold in Venezuela.
ElectrodomÃ©sticos INELEC CA ranked first with a volume share of 24% in air treatment products. This was achieved primarily through its strong position in in desk fans and standing fans.
The air treatment products category is expected to record a 1% volume CAGR over the forecast period. This will represent a significant improvement on the review period performance. It is expected that over the forecast period the economy in Venezuela will see a degree of cyclical recovery, following the deep problems seen at the end of the review period. Analysts argue that social pressures will compel the Government to tackle issues regarding restriction on imports in order to avoid further social unrest.
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