Data: SHFE, DCE market movement (Sep 16)

[ChinaIOL Latest Data on Air Conditioning Valves] In 2025, the domestic shipment volume of China's air conditioning valve market reached 733.6753 million units, up 1.0% YoY. The annual trend showed a pattern of starting high and ending low. It is expected that in 2026, although the national subsidy policy will continue, the earlier overdraft will have a significant impact on the entire production chain, and the market will face substantial downward pressure.

[ChinaIOL Commercial Air Conditioning Latest Data] In 2025, the sales scale of the central air conditioning industry reached 138.68 billion yuan, presenting a distinct pattern of "domestic cold, external hot." Among this, the domestic sales scale was 112.55 billion yuan, down 7.4% YoY, mainly affected by the sluggish real estate market, weak traditional engineering demand, and intensified price wars for equipment, with small and medium-sized brands facing particularly prominent operational pressure.

[ChinaIOL latest data] In 2025, China's total production and sales of household air conditioners experienced a slight decline, with domestic sales of 105.2 million units, up 0.7% YoY, and exports of 93.2 million units, down 3.3% YoY. In the domestic market, air conditioner ownership is already at a high level, new demand continues to weaken, replacement demand driven by national subsidy policies dominates, but as the effect of subsidy policies diminishes, the overall market ended with a slight increase.