Juhua: The new air-conditioning industry standard is expected to have a certain positive impact on the company's fluorine refrigerant products
The much-anticipated China GB21455-2019 "Energy Efficiency Limits and Energy Efficiency Ratings for Room Air Conditioners" has been officially implemented recently. The air-conditioning energy efficiency standards have been comprehensively upgraded, and the air-conditioning market is facing a new round of reshuffle.
China is the world's largest producer, consumer and exporter of refrigeration products, and household air-conditioning production accounts for more than 80% of the world. Judging from the current situation, refrigeration products including household air conditioners and refrigerators have become important terminal consumer products that meet people's needs for a better life and consumption upgrades. The total amount of refrigeration energy consumption is high, the growth rate is fast, and the potential for energy saving and emission reduction is great. China’s electricity consumption for refrigeration accounts for more than 15% of the electricity consumption of the whole society, with an average annual growth rate of nearly 20%. The electricity load for air conditioning in large and medium-sized cities accounts for about 60% of the peak summer load, and the energy-saving space for main refrigeration products reaches 30% to 50% .
When responding to investors’ questions on the interactive platform, Juhua said that air-conditioners have rigid consumption characteristics and are strengthened as people’s living standards improve. In 2020, the air-conditioning industry will usher in three new standards: "Interim Provisions on Recall Management of Consumer Goods" (implemented), and the new energy efficiency standard for air-conditioning GB21455-2019 "Energy Efficiency Limits and Energy Efficiency Ratings for Room Air Conditioners" (implemented on July 1， 2020) , "Household appliances safe service life" series of standards (clarify the "life" of major household appliances). The promulgation or implementation of new standards is conducive to upgrading air-conditioning products, improving quality and efficiency, and realizing stock market activation by means such as renewal. Overall, it is expected to have a certain positive impact on the company's fluorine refrigerant products like refrigerant R410a, refrigerant gas r32, but ultimately depends on the consumption of air conditioners