AIR CONDITIONING SYSTEMS

Table of Contents

I-A. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

• Study Reliability And Reporting Limitations I-1
• Disclaimers I-2
• Data Interpretation & Reporting Level I-2
• Quantitative Techniques & Analytics I-3
• Product Definitions And Scope Of Study I-3
• Conceptual Definition I-3
• Types of Air Conditioners I-3
• Room Air Conditioners I-3
• Packaged Air Conditioners I-4

I-B. GENERAL OVERVIEW OF HOUSEHOLD APPLIANCES INDUSTRY

• Industry Structure I-5
• Current & Future Scenario I-5
• Factors Triggering Growth I-5

II. EXECUTIVE SUMMARY

1. Overview II-1

• It' s a Cool World with Hot Opportunities II-1
• Air Conditioning - The Concept II-1
• Factors Driving Growth II-1

2. Current And Future Analysis II-2

• Regional perspective II-2
• Table 1: World Market for Air Conditioning Systems (2000-2010): Geographic Regions Ranked by Growth - United States, Canada, Japan, Europe, Asia-Pacific (Excluding Japan), Latin America and the Middle East & Africa (includes corresponding Graph/Chart) II-2
• Dollar Sales Analysis II-2
• Table 2: World Recent Past, Current & Future Analysis for Air Conditioning Systems by Geographic Region - North America, Japan, Europe, Asia-Pacific and Rest of World Markets Independently Analyzed with Annual Sales Figures in US$ Billion for Years 2003 through 2006 (includes corresponding Graph/Chart) II-3
• Product segment perspective II-3
• Table 3: World Market for Air Conditioning Systems (2000-2010): Product Segments Ranked by Growth - Room Air Conditioners and Packaged Air Conditioners II-3

3. Competitive Analysis II-4

• Established Players Call the Shots II-4
• Parameters Affecting Consumer Purchase Decision II-4
• Leading Players - An Overview II-4
• Table 4: Leading Players in the Worldwide HVAC Market (2004 & 2005) - Percentage Breakdown of Sales Revenues for Carrier Corp., Trane Co., Daikin Industries, and Others (includes corresponding Graph/Chart) II-4
• A Quick Listing of Leading Players in Global & Regional Air Conditioner Markets II-5

4. Product Overview & Segmentation II-6

• Conceptual Definition II-6
• Controlling Temperature & Humidity Likewise II-6
• Heating Systems II-6
• Cooling Systems II-6
• Ventilation II-6
• Humidity Control II-6
• Components of an Air Conditioning System II-6
• Stages in Air Conditioning II-7
• Segmentation Bases II-7
• Segmentation Based on Equipment Type II-7
• Room Air Conditioners II-7
• Packaged Air Conditioners II-8
• Central Air Conditioners II-8
• Packaged Central Air Conditioners II-8
• Split Air Conditioners II-8
• Mini-Split Air-Conditioners II-8
• Ductless Air Conditioning Systems II-9
• Terminal Air Conditioning Systems II-9
• Parts & Accessories II-9
• Chillers II-9
• Compressors - Nucleus of Conditioners II-9
• Table 5: World Market for Air Conditioning Compressors (2003): Annual Sales Figures in Millions of Units by type - Rotary, Scroll, Reciprocating, Screw, and Centrifugal (includes corresponding Graph/Chart) II-9
• Reciprocating Compressor II-10
• Double Acting Reciprocating Compressor II-10
• Rotary Compressor II-10
• Screw (Helical) Compressor II-10
• Centrifugal Compressor II-10
• Scroll Compressors II-10
• Desiccants II-10
• No Threat to Compressors II-11
• Centrifugal Blowers II-11
• Water-Cooled Condensers II-11
• Heat Pipes II-12
• Air Handling Systems II-12
• Heat Pumps II-12
• Electronic Case Controls II-12
• Electronic Air Cleaners II-12
• Air-Filtration Systems II-12
• Maintenance & Services II-12
• Sick Building Syndrome (SBS): Effect of Little or No Maintenance II-13
• Segmentation Based on End-Use Application II-13
• Residential Air Conditioning II-13
• Construction Sector II-13
• Commercial Air Conditioning II-13
• Tourism & Hotel Industry II-14
• Tents: New End-Use Segment II-14
• Industrial Air Conditioning II-14
• Automotive Air Conditioning II-14
• Making the Ride Cool II-14
• Safety Against Pollution II-15
• R-134A Refrigerant Replaces R-12 II-15

5. Recent Industry Activity II-16

• Daikin to Take Over OYL Industries II-16
• Delmo Wears Carrier' s Band II-16
• Zamil Signs HVAC Contract .II-16
• LG to Foray into the Saudi Arabian Market II-16
• Hitachi and GAMI Join to Establish WaterChiller Plant II-16
• Zamil Establishes A/C Testing Lab .II-17
• Daikin Launches Sales Affiliate in Greece .II-17
• Carrier to Broaden Reach in EU II-17
• Mitsubishi Targets Europe and China II-17
• Hisense Acquires Kelon II-17
• York International Taken Over by Johnson Controls .II-17
• Fedders Buys Majority Stake in Islandaire .II-18
• Toshiba Carrier Owns Stake in Midea II-18
• HACS and Hitachi H&L to Amalgamate .II-18
• Carrier to Foray into Chinese Residential A/C Market .II-18
• Mitsubishi Heavy and Hitachi Revoke Joint Venture Plan II-18
• Fujitsu General to Launch Direct Sales Office in China II-18
• Climaveneta Transfers A/C Division II-19
• Galanz Commences Production of Air Conditioners II-19
• Rheem Manufacturing Company to Establish New Assembly Operation II-19
• Changhong to Establish Subsidiaries for Air ConditionerBusiness Operations II-19
• B&Q to Sell its Air Conditioning Units at Economical Prices II-19
• Sampo. and Haier-CCT holdings Ltd. in a Joint Venture II-19
• Delphi Enters into an agreement with IdalexTechnologies II-19
• Daikin Acquires DSL to Form Indian Subsidiary II-20
• Polar Bay Acquired Over by Dometic II-20
• Apollo Management, L.P acquires Goodman Global Holdings, Inc II-20
• Hitachi and MHI Integrate Air-Conditioning & Refrigeration Operations II-20
• Galanz Shifts Focus to High-End Air Conditioners II-20
• Matsushita Downsizes Air-Conditioning Production in India II-20
• Chunlan Group Expands Air Conditioning Production Base II-21
• Parker Collaborates With Siemens Building Technologies II-21
• Parker Acquires Sporlan Valve Company II-21
• Panasonic Transfers Air-Conditioning Business II-21
• TCL Corp Invests in Air Conditioner Production Plant II-21
• Daikin and Matsushita Establish Joint Venture II-21
• York Expands into Chinese Household Air-Conditioner Market II-21
• Toshiba and Midea in a Joint Venture II-22
• Changhong Initiates Strategic Agreement with ChinaResources Unit II-22
• Teling Manufacturing Establishes R&D Centerin Shanghai II-22
• Mitsubishi Electric Corp to Expand Air ConditionerSales II-22
• LG Electronics to Expand Air conditioners in ChineseMarket II-22
• Mitsubishi to Expand Overseas Sales ofAir Conditioners II-22
• Fedders to Create New Research and DevelopmentCenter in China II-22
• Industry Activity in Recent Past II-23
• TCL Teams up with Daikin II-23
• Hitachi Buys a Major Stake in Amtrex II-23
• NORDYNE chooses Emerson Climate Technologies II-23
• Videocon Sells its 30% Share in MatsushitaAir-conditioning India Ltd II-23
• Daikin to Establish New Air-Conditioning Plantsin China II-23
• Trane Forges Alliance with Daikin II-23
• Carrier Launches a Division in Brazil II-24
• Fujitsu Launches General Brand Air ConditionerUnit II-24
• LG Establishes an Air Conditioner Plant II-24
• LG Increases Production Capacity in Tianjin Plant II-24
• Carrier Launches Daman Division II-24
• Fedders Forms an Agreement with Maytag II-24
• Daikin Inks an Agreement with Usha II-24
• Fujitsu Collaborates with ETA Ascon II-24
• Electrolux Enters into a Contract with Voltas II-25
• Doosan Inks a Contract with Matsushita II-25

6. Product Launches and Developments II-26

• GenX Series Cooling Solutions from Carrier India II-26
• Trane to Launch A/C Systems in India II-26
• Carrier Launches Rooftop A/C Systems II-26
• Trane Unwraps New Chillers II-26
• LG Launches Eco-Friendly A/C II-26
• Carrier Releases 13 SEER-Compliant A/C System II-27
• New Set of Unitary Split A/C Systems from Fedders II-27
• Latest Ductless Mini-Split A/Cs from Fedders II-27
• Panasonic Rolls Out X Series of A/Cs II-27
• Latest 15-Foot Bus A/C Systems from Modine II-27
• Hyundai Electronics to Extend Product Portfolio II-28
• Mitsubishi Electric Corp Introduces New A/C Model II-28
• Sanyo Introduces New Series of Air-Conditioners II-28
• Emerson Unveils New Copeland Scroll Compressor II-28
• Fujitsu Offers Halycon IAQ Ductless Mini-Split Systems II-28
• LG Algerie Unveils New Air Conditioner II-28
• Vaillant Introduces Air Conditioners in Turkey II-28
• I-BHD Unveils Latest Air Conditioners II-29
• LG Electronics Launches New Air Conditioner II-29
• GE Launches Zoneline Air Conditioners II-29
• Daikin Introduces New Series of Wall-MountedAir-Conditioner II-29
• Matsushita Electric Industrial Co., Ltd UnveilsNew X Series Air-Conditioners II-29
• Trane Introduces CenTraVac™ II-29
• Blue Star Starts New Turbo Rotary RemoteAir Conditioners II-29
• Amtrex Hitachi Appliances Launches New Line ofAir Conditioners in India II-30
• Voltas Launches Vertis Line of Air Conditioners II-30
• Haier Group Unveils Mini Air Conditioner II-30
• NKK Launches Storage Medium II-30
• Carrier Launches Inverta Air Conditioners II-30
• SEIL Introduces Insta-Chill II-30
• Amtrex Hitachi Launches Kaimin II-30
• LG Introduces Latest Split Air Conditioners II-31
• Voltas Launches Verdant Deluxe II-31
• Whirlpool Introduces Airy Unit II-31
• Carrier Launches Global Series Models II-31
• Daikin Shriram Launches Air Conditioners II-31
• Electrolux Launches Maxclean II-31
• Trane Launches E-Business Solution for HVACContractors II-31
• Carrier Aircon Unveils Split and WindowAir Conditioners II-31

7. Focus on Select Players II-32

• Airwell (Australia) II-32
• Aisin Seiki Co. Ltd. (Japan) II-32
• American Standard Companies Inc./Trane Co. (US) II-32
• Aux Group (China) II-32
• Blue Star (India) II-33
• Carrier Corp. (US) II-33
• Carrier Aircon Ltd. (India) II-33
• Chunlan Corporation (China) II-33
• Daewoo Electronics Corporation (South Korea) II-34
• Daikin Industries (Japan) II-34
• Daikin Airconditioning India Pvt. Ltd. (India) II-34
• De' Longhi SpA (Italy) II-34
• Dunham-Bush (Malaysia) Berhad (Malaysia) II-35
• Electra Consumer Products Ltd. (Israel) II-35
• Fedders Corporation (US) II-35
• Fläkt Woods Group (Switzerland) II-36
• GE Appliances (US) II-36
• Goodman Manufacturing Company, L.P. (US) II-36
• Haier Group (China) II-36
• Haier America (US) II-37
• Hisense Group (China) Hitachi (Japan) II-37
• Hitachi Home & Life Solutions (India) Ltd. (India) II-37
• LG (South Korea) II-38
• Matsushita Electric Industrial Co., Ltd. (Japan) II-38
• GD Midea Holding Co., Ltd (China) II-38
• Mitsubishi Electric (Japan) II-38
• Mitsubishi Electric Consumer Products (Thailand) Co., Ltd. (Thailand) II-38
• O.Y.L. Industries BHD ("OYL") (Malaysia) II-39
• Sanden Corporation (Japan) II-39
• Sharp Corporation (Japan) II-40
• Teco Electric & Machinery Co., Ltd. (Taiwan) II-40
• Toshiba Carrier Corporation (Japan) II-40
• Voltas Ltd. (India) II-40
• Whirlpool Corporation (US) II-41
• York International Corporation (US) II-41
• Zamil Air Conditioners (Saudi Arabia) II-41
• Zhu Hai Gree Corporation (China) II-41

8. Global Market Perspective II-42

• Table 6: World Recent Past, Current & Future Analysis for Air Conditioning Systems by Geographic Region - United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan),Latin America, and Middle East & African Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) II-42
• Table 7: World 10-Year Perspective for Air Conditioning Systems by Geographic Region - Percentage Breakdown of Unit Sales for United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Middle East & African Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) II-43
• Table 8: World Recent Past, Current & Future Analysis for Room Air Conditioners by Geographic Region - United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Middle East & African Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) II-44
• Table 9: World 10-Year Perspective for Room Air Conditioners by Geographic Region - Percentage Breakdown of Unit Sales for United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Middle East & African Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) II-44
• Table 10: World Recent Past, Current & Future Analysis for Packaged Air Conditioners by Geographic Region - United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Middle East & African Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) II-45
• Table 11: World 10-Year Perspective for Packaged Air Conditioners by Geographic Region - Percentage Breakdown of Unit Sales for United States, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Latin America, and Middle East & African Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) II-45

III. MARKET

1. The United States III-1

• A. Market Analysis III-1
• Current and Future Analysis III-1
• 2006 - A Growth Prospective Year III-1
• HVAC Industry Overview III-2
• Factors Driving the Market III-2
• Seasonal Energy Efficiency Ratio (SEER) 13 III-2
• 13 SEER Brings Opportunities & Threats toManufacturers III-2
• 13 SEER Challenges III-3
• ENERGY STAR - Another Standard III-3
• Competitive Analysis III-3
• Table 12: Air Conditioning Equipment (Core Comfort Conditioning) Market in the United States (2004 & 2005) - Percentage Share of Leading Players by Retail Sales Value for Carrier, Goodman, Electrolux, Fedders, Whirlpool, American Standard/Trane, and Others (includes corresponding Graph/Chart) III-4
• Distribution Dynamics III-4
• Table 13: Room Air Conditioner Market in the United States (2004): Percentage Share of Retail Sales by Distribution Channel - Chain Stores, Mass Merchants and Clubs, Home Improvement Centers, and Appliance and Electronic Stores (includes corresponding Graph/Chart) III-4
• Strategic Corporate Developments III-5
• Product Developments & Launches III-6
• Key Players III-8
• American Standard Companies Inc./Trane Co III-8
• Carrier Corp. III-9
• Copeland Corporation III-9
• Fedders Corporation III-9
• GE Appliances III-9
• Goodman Manufacturing Company III-10
• Haier America III-10
• Parker Hannifin Corporation III-10
• S I Goldman Company Inc./Comfort Systems USA III-10
• Whirlpool Corporation III-10
• York International Corporation III-11
• B. Market Analytics III-11
• Table 14: US Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - RoomAir Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-11
• Table 15: US 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for Room Air Conditioner and Packaged Air Conditioner Markets for 2000, 2005 & 2010 III-12

2. Canada III-13

• A. Market Analysis III-13
• Current and Future Analysis III-13
• US-Canada Trade Agreement - Root Cause forConsolidation in Canadian AC Industry III-13
• End-Uses of Air Conditioning Equipment III-13
• Distribution Practices III-13
• B. Market Analytics III-14
• Table 16: Canadian Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-14
• Table 17: Canadian 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-14

3. Japan III-15

• A. Market Analysis III-15
• Current and Future Analysis III-15
• Rapid Growth in Asian RAC Market Presents New Opportunities for Japanese Majors III-15
• Emergence of a New Refrigerant Era in Japan III-15
• Competitive Analysis III-15
• Table 18: Japanese Market for Packaged Air Conditioners (2003 & 2005): Percentage Breakdown of Leading Players in Terms of Production Value - Daikin, Mitsubishi Electric, Hitachi, Mitsubishi Heavy Electric, Matsushita, Toshiba Carrier and Others (includes corresponding Graph/Chart) III-16
• Table 19: Japanese Market for Window & Wall-Mounted Air Conditioners (2003 & 2005): Percentage Breakdown of Leading Players in Terms of Production Value - Matsushita Electric Industrial, Mitsubishi Electric, Mitsubishi Heavy Industries, Toshiba Carrier, Sanyo Electric and Others (includes corresponding Graph/Chart) III-16
• Strategic Corporate Developments III-17
• Product Developments & Launches III-18
• Focus on Select Players III-19
• Aisin Seiki Co. Ltd. III-19
• Daikin Industries III-19
• Hitachi III-19
• Matsushita Electric Industrial Co., Ltd III-20
• Mitsubishi Electric III-20
• Sanden Corporation III-20
• Sharp Corporation III-20
• Toshiba Carrier Corporation III-21
• B. Market Analytics III-21
• Table 20: Japanese Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-21
• Table 21: Japanese 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for Room Air Conditioner and Packaged Air Conditioner Markets for 2000, 2005 & 2010 III-21

4. Europe III-22

• A. Market Analysis III-22
• Current and Future Analysis III-22
• Regional Perspective III-22
• Table 22: European Market for Air Conditioning Systems (2000-2010): Geographic Regions Ranked by Growth - France, Germany, Italy, UK, Spain and Rest of Europe (includes corresponding Graph/Chart) III-22
• Product Segment Perspective III-22
• Table 23: European Market for Air Conditioning Systems (2000-2010): Product Segments Ranked by Growth - Room Air Conditioners and Packaged Air Conditioners III-23
• Focus on Select Players III-23
• De' Longhi SpA (Italy) III-23
• Fläkt Woods Group (Switzerland) III-23
• B. Market Analytics III-24
• Table 24: European Recent Past, Current & Future Analysis for Air Conditioning Systems by Geographic Region - France, Germany, Italy, United Kingdom, Spain and Rest of European Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-24
• Table 25: European 10-Year Perspective for Air Conditioning Systems by Geographic Region - Percentage Breakdown of Unit Sales for France, Germany, Italy, United Kingdom, Spain and Rest of European Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) III-24
• Table 26: European Recent Past, Current & Future Analysis for Room Air Conditioners by Geographic Region - France, Germany, Italy, United Kingdom, Spain and Rest of European Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-25
• Table 27: European 10-Year Perspective for RoomAir Conditioners by Geographic Region - Percentage Breakdown of Unit Sales for France, Germany, Italy, United Kingdom, Spain and Rest of European Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) III-25
• Table 28: European Recent Past, Current & Future Analysis for Packaged Air Conditioners by Geographic Region - France, Germany, Italy, United Kingdom, Spain and Rest of European Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-26
• Table 29: European 10-Year Perspective for PackagedAir Conditioners by Geographic Region - Percentage Breakdown of Unit Sales for France, Germany, Italy, United Kingdom, Spain and Rest of European Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) III-26

4a. France III-27

• Market Analysis III-27
• Table 30: French Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-27
• Table 31: French 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for Room Air Conditioner and Packaged Air Conditioner Markets for 2000, 2005 & 2010 III-27

4b. Germany III-28

• Market Analysis III-28
• Table 32: German Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-28
• Table 33: German 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-28

4c. Italy III-29

• Market Analysis III-29
• Strategic Corporate Development III-29
• Table 34: Italian Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment -Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-29
• Table 35: Italian 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-30

4d. United Kingdom III-31

• Market Analysis III-31
• Table 36: UK Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - RoomAir Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-31
• Table 37: UK 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdownof Unit Sales for Room Air Conditioner and Packaged Air Conditioner Markets for 2000, 2005 & 2010 III-31

4e. Spain III-32

• Market Analysis III-32
• Table 38: Spanish Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-32
• Table 39: Spanish 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-32

4f. Rest of Europe III-33

• A. Market Analysis III-33
• Current and Future Analysis III-33
• Greece - A Potential Market III-33
• Turkey - A Growing Market III-33
• Strategic Corporate Developments III-33
• B. Market Analytics III-34
• Table 40: Rest of Europe Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-34
• Table 41: Rest of Europe 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-35

5. Asia-Pacific III-36

• A. Market Analysis III-36
• Overview III-36
• Current and Future Analysis III-36
• Regional Perspective III-36
• Strategic Corporate Developments III-36
• Product Developments and Launches III-40
• Leading Players III-43
• Aux Group (China) III-43
• Blue Star (India) III-43
• Carrier Aircon Ltd. (India) III-43
• Chunlan Corporation (China) III-44
• Daewoo Electronics Corporation (South Korea) III-44
• Daikin Airconditioning India Pvt. Ltd. (India) III-44
• Dunham-Bush (Malaysia) Berhad (Malaysia) III-44
• Haier Group (China) III-45
• Hitachi Home & Life Solutions (India) Ltd. (India) III-45
• Hisense Group (China) III-45
• LG (South Korea) III-45
• GD Midea Holding Co., Ltd (China) III-46
• Mitsubishi Electric Consumer Products (Thailand) Co., Ltd. (Thailand) III-46
• O.Y.L. Industries BHD. ("OYL") (Malaysia) III-46
• Pak Elektron Ltd. (Pakistan) III-47
• Teco Electric & Machinery Co., Ltd. (Taiwan) III-47
• Voltas Ltd. (India) III-47
• Zhuhai Gree Corporation (China) III-47
• B. Market Analytics III-48
• Table 42: Asia-Pacific Recent Past, Current & Future Analysis for Air Conditioning Systems by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-48
• Table 43: Asia-Pacific 10-Year Perspective for Air Conditioning Systems by Geographic Region - Percentage Breakdown of Unit Sales for China, India and Rest of Asia-Pacific Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) III-48
• Table 44: Asia-Pacific Recent Past, Current & Future Analysis for Room Air Conditioners by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-49
• Table 45: Asia-Pacific 10-Year Perspective for RoomAir Conditioners by Geographic Region - Percentage Breakdown of Unit Sales for China, India and Rest of Asia-Pacific Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) III-49
• Table 46: Asia-Pacific Recent Past, Current & Future Analysis for Packaged Air Conditioners by Geographic Region - China, India and Rest of Asia-Pacific Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-50
• Table 47: Asia-Pacific 10-Year Perspective for Packaged Air Conditioners by Geographic Region - Percentage Breakdown of Unit Sales for China, India and Rest of Asia-Pacific Markets for Years 2000, 2005 & 2010 (includes corresponding Graph/Chart) III-50

5a. China III-51

• A. Market Analysis III-51
• Overview III-51
• Current and Future Analysis III-51
• Regional Output/Consumption Patterns III-51
• Factors Driving Consumer Decision III-51
• Market Trends III-52
• Chinese Exports to be Dearer III-52
• Construction Boom to Power Domestic Market Growth III-52
• Americans Vs Japanese - It' s a War of Standards III-52
• Declining Profit Margins - Bane of Rapid Growth III-52
• Multifunctional Air Conditioners - Growth Through Functionality III-52
• Household Central Air Conditioner Market on a Roll III-52
• New Energy-Efficiency Standards Raise the Quality Bar III-53
• Production Capacity Vs Domestic Sales - A Yawning Gap III-53
• Inverter Air Conditioners - A New Revolution III-53
• Competitive Scenario III-53
• Leading Players III-53
• Table 48: Leading Players in the Chinese Air Conditioner Market (2004) - Percentage Breakdown by Retail Sales Volume for Gree Electrical Appliances Inc., Guangdong Midea Electric Appliances Co Ltd., Guangdong Kelon Electrical Holdings Co. Ltd., Haier Group, and Others (includes corresponding Graph/Chart) III-54
• It' s a Shrinking World for the Smaller Players III-54
• It Pays to be a Volume Leader in Chinese Market III-54
• B. Market Analytics III-55
• Table 49: Chinese Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment -Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-55
• Table 50: Chinese 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-55

5b. India III-56

• A. Market Analysis III-56
• Overview III-56
• Current and Future Analysis III-56
• Regional Demand Patterns III-56
• Market Trends III-56
• Montreal Protocol Treaty Necessitates CFC Technology III-57
• Growing RAC Market III-57
• Table 51: Indian Room Air Conditioner Market (2003 & 2006): Percentage Breakdown by Segment - Split and Window III-57
• Competitive Environment III-57
• Leading Players III-57
• Table 52: Leading Brands in the Indian RoomAir Conditioner Market (2003 & 2005) - Percentage Breakdown by Retail Sales Volume for LG, Voltas, Samsung, Carrier, Hitachi, Videocon and Others (includes corresponding Graph/Chart) III-58
• Table 53: Leading Brands in the Indian WindowAir Conditioner Market (2003 & 2005) - Percentage Breakdown by Retail Sales Volume for LG, Samsung, Voltas, Videocon, Carrier, Hitachi, and Others (includes corresponding Graph/Chart) III-58
• Table 54: Leading Brands in the Indian SplitAir Conditioner Market (2003 & 2005) - Percentage Breakdown by Retail Sales Volume for LG, Voltas, Carrier, Hitachi, Daikin, Videocon and Others (includes corresponding Graph/Chart) III-59
• Historic Perspective III-59
• Table 55: Leading Players in the Indian Air Conditioner Market (2001): Percentage Breakdown by Retail Sales Volume - Carrier Aircon, Voltas and Others (includes corresponding Graph/Chart) III-59
• Table 56: Leading Brands in the Indian RoomAir Conditioner Market (2001): Percentage Breakdown by Retail Sales Volume - LG, Carrier, Amtrex-Hitachi, National, Samsung, Voltas, Others, and Unorganized Sector (includes corresponding Graph/Chart) III-60
• Table 57: Leading Brands in the Indian SplitAir Conditioner Market (2001): PercentageBreakdown by Retail Sales Volume - AmtrexHitachi, National, Samsung, Voltas, LG, Carrier, Others, and Unorganized Sector (includes corresponding Graph/Chart) III-60
• Trade Dynamics III-60
• Exports III-60
• Table 58: Indian Room Air Conditioner (Split & Window) Exports (2004-I Half) - Percentage Breakdown of Leading Destinations by Export Sales Volume - United Arab Emirates, Singapore, Belgium and Others (includes corresponding Graph/Chart) III-60
• Table 59: Indian Room Air Conditioner (Split & Window) Exports (2003) - Percentage Breakdown of Leading Destinations by Export Sales Volume - United Arab Emirates, Belgium, Singapore and Others (includes corresponding Graph/Chart) III-61
• Imports III-61
• Table 60: Indian Room Air Conditioner (Split & Window) Imports (2004-I Half) - Percentage Breakdown of Leading Nations by Import Volume - South Korea, Thailand, China and Others (includes corresponding Graph/Chart) III-61
• Table 61: Indian Room Air Conditioner (Split & Window) Imports (2003) - Percentage Breakdown of Leading Nations by Import Volume - Thailand, China, South Korea, and Others (includes corresponding Graph/Chart) III-61
• Technological Trends & Developments III-62
• Enthalpy Wheels III-62
• Thermal Energy Systems III-62
• Vapor Absorption Systems III-62
• Building Management Systems (BMS) III-62
• B. Market Analytics III-63
• Table 62: Indian Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-63
• Table 63: Indian 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for Room Air Conditioner and Packaged Air Conditioner Markets for 2000, 2005 & 2010 III-63

5c. Rest of Asia-Pacific III-64

• A. Market Analysis III-64
• Overview III-64
• Current and Future Analysis III-64
• Select Regional Markets - An Overview III-64
• Australia III-64
• Overview III-64
• Distribution Dynamics III-64
• Table 64: Australian Market for Residential and Small Commercial Air Conditioners (2004): Percentage Breakdown of Sales through Distribution Channel - Retail Stores, Specialist AC Chains, and Others (includes corresponding Graph/Chart) III-65
• New Performance Requirements III-65
• Competition III-65
• Philippines III-65
• B. Market Analytics III-66
• Table 65: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-66
• Table 66: Rest of Asia-Pacific 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for 2000, 2005 & 2010 III-66

6. Latin America III-67

• Market Analysis III-67
• Table 67: Latin American Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-67
• Table 68: Latin American 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air ConditionerMarkets for Years 2000, 2005 & 2010 III-67

7. Middle East & Africa III-68

• A. Market Analysis III-68
• Hot Market for Cooling Machines III-68
• United Arab Emirates - A Major Market III-68
• Overview III-68
• Factors Driving Market Growth III-68
• An Insight into Mini-Split Air ConditionerMarket III-68
• Key Player Review III-69
• Electra Consumer Products Ltd. (Israel) III-69
• Zamil Air Conditioners (Saudi Arabia) III-69
• Strategic Corporate Developments III-69
• B. Market Analytics III-71
• Table 69: Middle East & African Recent Past, Current & Future Analysis for Air Conditioning Systems by Product Segment - Room Air Conditioner and Packaged Air Conditioner Markets Independently Analyzed with Annual Sales Figures in ' 000 Units for Years 2000 through 2010 (includes corresponding Graph/Chart) III-71
• Table 70: Middle East & African 10-Year Perspective for Air Conditioning Systems by Product Segment - Percentage Breakdown of Unit Sales for RoomAir Conditioner and Packaged Air Conditioner Markets for 2000, 2005 & 2010 III-71

IV. COMPETITION

• 1. Aaon, Inc. (USA) IV-1
• Table 71: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-2
• Table 72: Annual Sales Analysis: 2004-2005 (In US$ million) IV-2
• Table 73: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-2
• 2. AB Electrolux (Sweden) IV-3
• Table 74: Annual Sales Analysis: 2004-2005 (In SEK billion) IV-4
• Electrolux (India) IV-8
• Electrolux Home Products (Australia) IV-8
• 3. Accorroni Srl (Italy) IV-9
• 4. Ace Pons Industrie SAS (France) IV-9
• 5. Acme Refrigeration (USA) IV-10
• 6. ACS Filtertechniek BV (The Netherlands) IV-14
• 7. Action Refrigeration (UK) IV-158. Active Air Conditioning & Refrigeration Pty., Ltd.
• (Australia) IV-16
• 9. Acton Air Conditioning (UK) IV-16
• 10. Actron Engineering Pty., Ltd. (Australia) IV-17
• 11. Admiraly Thailand Co., Ltd. (Thailand) IV-17
• 12. Advanced Engineering Ltd. (UK) IV-18
• 13. Aerferrisi Srl (Italy) IV-19
• 14. Aermec SpA (Italy) IV-20
• 15. Aeroklima (Greece) IV-22
• 16. Aertecnica Srl (Italy) IV-25
• 17. Aervent Group Ltd. (Ireland) IV-26
• 18. Ahlberg + Hennrich GmbH (Germany) IV-27
• 19. Aiac Air Conditioning SA (Pty)., Limited (South Africa) IV-28
• 20. Air Blue Srl (Italy) IV-28
• 21. Air Climat (France) IV-29
• 22. Air Conditioning Direct Ltd. (UK) IV-30
• 23. Air Control Srl (Italy) IV-31
• 24. Air Innovation Sweden AB (Sweden) IV-32
• 25. Air Petri Snc (Italy) IV-32
• 26. Aira Pty., Ltd. (Australia) IV-33
• 27. Airbox Srl (Italia) IV-33
• 28. Aircalo (France) IV-34
• 29. Aircondi Refrigeration (Pty)., Ltd. (South Africa) IV-35
• 30. Aircon-Mfg Co., Ltd. (Thailand) IV-36
• 31. Airflow Airconditioning (UK) IV-36
• 32. Airmaster Australia Pty., Ltd. (Australia) IV-37
• 33. Airmec Srl (Italy) IV-38
• 34. Airwell (Australia) IV-38
• 35. Aisin Seiki Co., Ltd. (Japan) IV-39
• Table 75: First Quarter Sales Analysis: 2006-2007 (In ¥ billion) IV-40
• Table 76: First Quarter Sales Analysis by Segment: 2006-2007 (In ¥ billion) IV-40
• Table 77: First Quarter Sales Analysis by Geographic Region: 2006-2007 (In ¥ billion) IV-40
• Table 78: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-41
• Table 79: Annual Sales Analysis by Segment: 2005-2006 (In ¥ billion) IV-41
• Table 80: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ billion) IV-41
• 36. American Standard Companies, Inc. (USA) IV-45
• Table 81: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-46
• Table 82: Half Yearly Sales Analysis by Segment: 2005-2006 (H1) (In US$ million) IV-46
• Table 83: Annual Sales Analysis: 2004-2005 (In US$ million) IV-47
• Table 84: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-47
• Table 85: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-47
• Trane Co. (USA) IV-48
• 37. Andrew Engineering Ltd. (UK) IV-50
• 38. Armstrong Air Conditioning, Inc. (USA) IV-51
• 39. Artel SpA (Italy) IV-52
• 40. Asahi Kogyosha Co., Ltd. (Japan) IV-53
• 41. Asite Air Conditioner Co., Ltd. (China) IV-53
• 42. Atisa SpA (Italy) IV-53
• 43. Atlantic Refrigeration Ltd. (UK) IV-54
• 44. Aust-Coast Refrigeration Pty., Ltd. (Australia) IV-54
• 45. Aux Group (China) IV-55
• 46. Badertscher + Co., AG (Switzerland) IV-55
• 47. Baltur SpA (Italy) IV-56
• 48. Barcol-Air AG (Switzerland) IV-57
• 49. Bard Manufacturing Company (USA) IV-58
• 50. Batliboi Ltd. (India) IV-59
• Table 86: Annual Sales Analysis: 2005-2006 (In INR million) IV-62
• 51. Baumann Haustechnik Luft- Und Klimatechnik GmbH (Germany) IV-65
• 52. Be Air Conditioning Ltd. (UK) IV-65
• 53. Beijing Guqiao Electric Appliances, Co. (China) IV-65
• 54. Beijing Huanyu Electric Appliance Corporation (China) IV-66
• 55. Ben Booysen Airconditioning & Refrigeration CC (South Africa) IV-66
• 56. Berlinerluft (Germany) IV-67
• 57. Beta Air Ltd. (UK) IV-68
• 58. Biddle Air System, Ltd. (UK) IV-69
• 59. Bini, SpA (Italy) IV-71
• 60. Bio Com Srl (Italy) IV-72
• 61. Blue Box, Srl (Italy) IV-73
• 62. Blue Cord Technology Co., Ltd. (South Korea) IV-73
• 63. Blue Star (India) IV-74
• Table 87: First Quarter Sales Analysis: 2006-2007 (In INR million) IV-75
• Table 88: Annual Sales Analysis: 2005-2006 (In INR million) IV-76
• 64. Blue Star Ltd. (UK) IV-79
• 65. Boldrocchi Srl (Itlay) IV-80
• 66. Bovema International NV (The Netherlands) IV-82
• 67. BPL Limited (India) IV-83
• 68. Brach + Moll Kälte- Und Klimatechnik GmbH (Germany) IV-84
• 69. Branca Idealair SAS (Italy) IV-84
• 70. Brivis Australia Pty., Ltd. (Australia) IV-85
• 71. Brookair Pty., Ltd. (Australia) IV-85
• 72. Canalair Srl (Italy) IV-85
• 73. Century Corporation (Korea) IV-86
• 74. Chillihot (UK) Ltd. (UK) IV-87
• 75. Chillmech Ltd. (UK) IV-88
• 76. China Taixing Yongsheng Air Conditioner (Group), Co. (China) IV-88
• 77. Chunlan Group Corporation (China) IV-89
• 78. Ciat (UK) Ltd. (UK) IV-90
• 79. CLA Srl (Italy) IV-90
• 80. Clean-Vent Aps (Denmark) IV-91
• 81. Climate Technologies Pty, Ltd. (Australia) IV-91
• 82. Climatron (Pty)., Ltd. (South Africa) IV-91
• 83. Climaveneta Home System Srl (Italy) IV-92
• 84. Clivet, SpA (Italy) IV-92
• 85. CNE Engineering Co., Ltd. (Thailand) IV-93
• 86. Colman Moducel Ltd. (UK) IV-93
• 87. Colombo E Pedroni SA (Switzerland) IV-93
• 88. Colt International BV (The Netherlands) IV-94
• 89. Comercial Panaconfort SL (Spain) IV-94
• 90. Comfort Systems USA, Inc. (USA) IV-95
• Table 89: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, September) (In US$ million) IV-96
• Table 90: Annual Sales Analysis: 2004-2005 (In US$ million) IV-96
• 91. Commercial Refrigeration Ltd. (UK) IV-97
• 92. Comserve Ltd. (UK) IV-98
• 93. Constant Air Systems Ltd. (UK) IV-100
• 94. Cool Air Technology (UK) IV-100
• 95. Coolair Co., Ltd. (UK) IV-101
• 96. Cooling Techniques (UK) IV-101
• 97. Coolmation Limited (UK) IV-102
• 98. Cooltech Air Conditioning Ltd. (UK) IV-104
• 99. Cooltemp Air Conditioning (UK) IV-104
• 100. Coolworld Nederland BV (The Netherlands) IV-105
• 101. Copeland Corporation (USA) IV-106
• 102. Corema SpA (Italy) IV-107
• 103. Cosfi Srl (Italy) IV-107
• 104. Crisp-Air Pty., Ltd. (Australia) IV-107
• 105. D & E Air Conditioning Pty., Ltd. (Australia) IV-108
• 106. Dadanco Pty., Ltd. (Australia) IV-108
• 107. Daewoo Electronics Co., Ltd. (Korea) IV-109
• 108. Daikin Industries Limited (Japan) IV-111
• Daikin AC (Americas), Inc. (USA) IV-117
• Daikin Air Conditioning Greece SA (Greece) IV-118
• Daikin Airconditioning (Pty) Ltd. (South Africa) IV-118
• Daikin Airconditioning (S) Pte., Ltd. (Singapore) IV-119
• Daikin Airconditioning India Pvt., Limited (India) IV-119
• Daikin Europe NV (UK) IV-119
• Daikin Industries (Thailand) Ltd. (Thailand) IV-120
• Daikin Shriram Airconditioning (P) Ltd. (India) IV-121
• Daikin-Alen (Philippines) IV-121
• 109. Daikool Industries Ltd. (UAE) IV-122
• 110. Dalair Ltd. (UK) IV-122
• 111. Dantherm A/S (Denmark) IV-123
• 112. Data Aire, Inc. (USA) IV-126
• 113. De' Longhi SpA (Italy) IV-127
• Table 91: First Quarter Sales Analysis: 2004-2005 (In € million) IV-128
• Table 92: First Quarter Sales Analysis by Segment: 2004-2005 (In € million) IV-128
• Table 93: First Quarter Sales Analysis by Geographic Region: 2004-2005 (In € million) IV-128
• 114. Defy Appliances Ltd. (South Africa) IV-129
• 115. Denco Ltd. (UK) IV-131
• 116. Denso Corporation (Japan) IV-132
• Table 94: First Quarter Sales Analysis: 2006-2007 (In ¥ billion) IV-133
• Table 95: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-133
• Table 96: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-134
• Table 97: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-134
• 117. Dometic AB (Sweden) IV-137
• 118. Doowoo Technology Corps, Inc. (Korea) IV-138
• 119. Drykor Ltd. (Israel) IV-138
• 120. Dual Heating And Air Conditioning Pty., Ltd. (Australia) IV-138
• 121. Dunham-Bush, Inc. (USA) IV-139
• Dunham-Bush (Europe) PLC (UK) IV-139
• Dunham-Bush (Malaysia) Berhad (Malaysia) IV-140
• 122. Eastwood Air Conditioning Ltd. (UK) IV-141
• 123. Eata Equipaggiamenti Srl (Italy) IV-141
• 124. Ecoteec (Eurapo France) (France) IV-142
• 125. Edenaire Ltd. (UK) IV-143
• 126. Edpac International Ltd. (Ireland) IV-144
• 127. Electra Ltd. (Israel) IV-145
• Electra Consumer Products (Israel) IV-145
• Electra Consumer Products Ltd. (Italy) IV-146
• Electra Air Conditioning (Shenzhen) Co., Ltd. (China) IV-146
• Itelco Clima Srl (Italy) IV-146
• 128. Elettroplastica Elettrodomestici Srl (Italy) IV-147
• 129. Ellis And Watts International, Inc. (USA) IV-147
• 130. Ellson Environmental (UK) IV-147
• 131. Emerson Climate Technologies (UK) IV-148
• 132. Emicon SpA (Italy) IV-155
• 133. Eminent Air (Thailand) Co., Ltd. (Thailand) IV-155
• 134. Energent OY (Finland) IV-155
• 135. Energy Products International (New Zealand) IV-156
• 136. Energy Technique PLC (UK) IV-158
• 137. Enervent Oy AB (Finland) IV-163
• 138. Epsi SA (Greece) IV-164
• 139. Euroclima SpA (Italy) IV-164
• 140. Faiveley SA (France) IV-165
• Table 98: Annual Sales Analysis: 2004-2005 (In US$ million) IV-166
• 141. Fedders Corporation (USA) IV-169
• Table 99: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-170
• Table 100: Annual Sales Analysis: 2004-2005 (In US$ million) IV-170
• Table 101: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-170
• Table 102: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-171
• Table 103: Annul Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-171
• Fedders Koppel, Inc. (Philippines) IV-174
• Fedders Islandaire, Inc. (USA) IV-175
• Melcor Thermoelectrics (USA) IV-175
• 142. Ferfrigor Srl (Italy) IV-176
• 143. Ferroli SpA (Italy) IV-176
• 144. Fimpi Srl (Italy) IV-177
• 145. Fincoil-Teollisuus Oy (Finland) IV-178
• 146. Fläkt Woods Group Ltd. (Switzerland) IV-179
• 147. Foster Environmental (UK) IV-189
• 148. Friedrich Air Conditioning Co. (USA) IV-189
• 149. Friggast DOO (Croatia) IV-190
• 150. Frigo Eporedia, Impresa Individuale (Italy) IV-190
• 151. Frigomar Srl (Italy) IV-191
• 152. Frigomeccanica SpA (Italy) IV-192
• 153. Frigoterm DOO (Croatia) IV-196
• 154. Frigotermica Srl (Italy) IV-196
• 155. Frost Italy Srl (Italy) IV-197
• 156. Fujitsu General Limited (Japan) IV-199
• Fujitsu General America (USA) IV-201
• Fujitsu General (Thailand) Co., Ltd. (Thailand) IV-202
• 157. Fyrogenis CHR and B SA (Greece) IV-203
• 158. Galanz Enterprise (Group) Corporation (China) IV-203
• 159. Galletti SpA (Italy) IV-204
• 160. Galvani Srl (Italy) IV-206
• 161. Guangdong Midea Electric Appliances Company Limited (China) IV-207
• 162. GE Industrial Products and Systems (USA) IV-208
• GE Appliances (USA) IV-217
• GE Appliances Canada (Canada) IV-218
• 163. GEA Happel GesmbH & Co., KG. (Austria) IV-219
• 164. GEA Iberica SA (Spain) IV-220
• 165. Gebr. Friedrich Industrie- Und Elektrotechnik GmbH (Germany) IV-221
• 166. Gebr. Meijer Luchttechniek De Wilp BV (The Netherlands) IV-222
• 167. Gebrüder Trox GmbH (Germany) IV-223
• 168. Gibson Heating & Air Conditioning, Inc. (USA) IV-224
• 169. Gobbo Clima Srl (Italy) IV-225
• 170. Goodman Manufacturing Co., LP (USA) IV-226
• Table 104: First Quarter Sales Analysis: 2005-2006 (In US$ million) IV-226
• 171. Gordon Brothers Industries Pty., Ltd. (Australia) IV-227
• 172. Governair Corporation (USA) IV-228
• 173. Grayson Climate Control (UK) IV-228
• 174. Groupe Finalpha (France) IV-229
• 175. Guangdong Jirong Air Condition Equipment Co. (China) IV-230
• 176. Guangdong Kelon Electrical Holdings Co., Ltd. (China) IV-232
• Guangdong Kelon Refrigerator Co., Ltd. (China) IV-232
• 177. Guangdong Matsushita Ecology Systems Co., Ltd. (China) IV-233
• 178. Guangdong Zhigao Air Conditioner Co., Ltd. (China) IV-234
• 179. Guangzhou Guoxin Hualing Group Co., Ltd. (China) IV-235
• 180. Guangzhou Hualing Air Conditioning & Equipment Co., Ltd. (China) IV-235
• 181. Guillot Climatisation (France) IV-236
• 182. Gulf Air Conditioning and Manufacturing Industries LLC (USA) IV-236
• 183. H & D Air Conditioning Ltd. (UK) IV-237
• 184. H &V Ltd. (UK) IV-237
• 185. Haier Group Company (China) IV-238
• Haier America (USA) IV-239
• Haier Appliances SpA (Italy) IV-240
• 186. Halco Products Company (USA) IV-241
• 187. Halton Oy (Finland) IV-242
• Halton A/S (Denmark) IV-244
• 188. Hamon D' hondt (France) IV-245
• 189. Handte AG (Switzerland) IV-246
• 190. Hangzhou Jinsong Group Co., Ltd. (China) IV-247
• 191. Hangzhou Xiling Refrigerating Electrical Appliance Co., Ltd. (China) IV-248
• 192. Hawco Refrigeration Ltd. (UK) IV-249
• 193. Hawkes Refrigeration Engineers (UK) IV-250
• 194. Hawkesbury Refrigeration Pty., Ltd. (Australia) IV-250
• 195. Heatcraft Australia Pty., Ltd. (Australia) IV-251
• 196. Hefei Swan Air Conditioner Corporation (China) IV-252
• 197. Herbert Seus GmbH & Co. Kältetechnik KG (Germany) IV-252
• 198. Hisense (China) IV-253
• 199. Hitachi Ltd. (Japan) IV-254
• Table 105: First Quarter Sales Analysis: 2006-2007 (In ¥ billion) IV-256
• Table 106: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-256
• Table 107: Annual Sales Analysis by Segment: 2005-2006 (In ¥ billion) IV-256
• Table 108: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ billion) IV-257
• Table 109: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-257
• Table 110: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-257
• Amtrex Hitachi Appliances Ltd. (India) IV-265
• Hitachi America Ltd. (USA) IV-266
• Hitachi Air Conditioning Systems Co., Ltd. (Japan) IV-269
• Hitachi Asia Pte., Ltd. (Singapore) IV-269
• Hitachi Consumer Products (Thailand) Co., Ltd. (Thailand) IV-271
• 200. Holyoake Industries Ltd. (New Zealand) IV-272
• 201. Hung Hsing Electric Co., Ltd. (Taiwan) IV-274
• 202. Hurlcon Pty., Ltd. (Australia) IV-275
• 203. Hyundai Electronics India Ltd. (India) IV-277
• 204. ICS Group (UK) IV-278
• 205. Industrie Technofrigo Dell' orto SpA (Italy) IV-279
• 206. Integral Energietechnik GmbH (Germany) IV-281
• 207. Inter Clima NV (Belgium) IV-282
• 208. Interflow Clean Rooms BV (The Netherlands) IV-282
• 209. Interklima SA (Greece) IV-283
• 210. International Comfort Products Corporation (USA) IV-284
• 211. IRSAP SpA (Italy) IV-285
• 212. Italclima Srl (Italy) IV-286
• 213. Ivac Srl (Italy) IV-286
• 214. J S Humidifiers Plc (UK) IV-287
• 215. J. & E. Hall Ltd. (UK) IV-288
• 216. J. H. Laaksonen Oy (Finland) IV-290
• 217. J.L. Harrison & Son (Air Conditioning) Ltd. (UK) IV-291
• 218. Jiangmen Conrowa Electronics (Group) Corporation (China) IV-291
• 219. Jiangmen Jinling Group Co., Ltd. (China) IV-291
• 220. Jiangsu Little Swan Group Co., Ltd. (China) IV-292
• Table 111: Annual Sales Analysis: 2004-2005 (In RMB billion) IV-292
• 221. Jiangsu Shinco Electronics Group Co., Ltd. (China) IV-293
• 222. Jinling Air Conditioners Co., Ltd. (China) IV-293
• 223. John Carter (Salt Lane) Ltd. (UK) IV-294
• 224. Johnson Controls, Inc. (USA) IV-295
• Table 112: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, June) (In US$ million) IV-297
• Table 113: Nine Months Sales Analysis by Segment: 2005-2006 (Nine Months Ended, June) (In US$ million) IV-297
• Table 114: Annual Sales Analysis: 2004-2005 (In US$ million) IV-297
• Table 115: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-297
• Table 116: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-298
• Table 117: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-298
• York France Sas (France) IV-302
• York International Australia Pty., Ltd. (Australia) IV-302
• 225. K.B.S Electric Co., Ltd. (Thailand) IV-303
• 226. Kelvin Srl (Italy) IV-304
• 227. Kensa Engineering Ltd. (UK) IV-307
• 228. Ketolan Metalli Oy (Finland) IV-307
• 229. Kiturami-Bumyang Air Conditioning Co., Ltd. (Korea) IV-308
• 230. KLH Montage GmbH (Germany) IV-308
• 231. Klimagiel Srl (Italy) IV-309
• 232. Kobel Kalte + Klima AG (Switzerland) IV-309
• 233. Koja Group (Finland) IV-310
• 234. Kryotherm AB (Sweden) IV-310
• 235. KTK Klimatechnik Srl (Italy) IV-311
• 236. KTZ Kaltetechnik AG Zollikofen Refrigeration Technology AG (Switzerland) IV-312
• 237. Kusters Technische Handelsonderneming BV (The Netherlands) IV-313
• 238. Kyung In Machinery Co., Ltd. (Korea) IV-313
• 239. L J W Air Conditioning Ltd. (UK) IV-314
• 240. LA Thermotecnica Condizionamento Srl (Italy) IV-314
• 241. Landa (Hong Kong) Co., Ltd. (Hong Kong) IV-314
• 242. Langohr Industries (Germany) IV-315
• 243. Lazer Partitions & Ceilings Ltd. (UK) IV-316
• 244. Lebrun-Nimy SA (Belgium) IV-316
• 245. Lennox Industries, Inc. (USA) IV-317
• Lennox Australia Pty., Ltd. (Australia) IV-318
• Lennox France (France) IV-318
• 246. LG Electronics, Inc. (Korea) IV-319
• Table 118: First Quarter Sales Analysis: 2005-2006 (In KRW billion) IV-320
• Table 119: Annual Sales Analysis: 2004-2005 (In KRW billion) IV-321
• LG Electronics (Tianjin) Home Appliances Co., Ltd. (China) IV-326
• LG-Shaker Air-Conditioning Company (Saudi Arabia) IV-326
• 247. Lightfoot Refrigeration Co., Ltd. (UK) IV-327
• 248. Linairs SA (Spain) IV-328
• 249. Lohner SA (France) IV-328
• 250. LTS Products AB (Sweden) IV-329
• 251. Luftechnik Overesch GmbH (Germany) IV-330
• 252. Lynx Climate Control Ltd. (UK) IV-330
• 253. M.G. Godfrey & Co., Ltd. (UK) IV-331
• 254. Macdonald Ventilating Co., Ltd. (UK) IV-331
• 255. Macey Controls Ltd. (UK) IV-332
• 256. Mahajak Air Conditioners Co. (Thailand) IV-332
• 257. Mark Belgium BVBA (Belgium) IV-332
• 258. Mashav Refrigeration & Air Conditioning Eng. (1965) Ltd. (Israel) IV-333
• 259. Mastervent Oy (Finland) IV-333
• 260. Matsushita Electric Industrial Co., Ltd. (Japan) IV-334
• Table 120: Half Yearly Sales Analysis: 2006-2007 (H1) (In ¥ million) IV-335
• Table 121: Half Yearly Sales Analysis by Segment: 2006-2007 (H1) (In ¥ billion) IV-335
• Table 122: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-336
• Table 123: Annual Sales Analysis by Quarter: 2005-2006 (In ¥ billion) IV-336
• Table 124: Annual Sales Analysis by Segment: 2005-2006 (In ¥ billion) IV-336
• Table 125: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ billion) IV-336
• Table 126: Annual Sales Analysis by Quarter: 2004-2005 (In ¥ billion) IV-337
• Table 127: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-337
• Table 128: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-337
• Panasonic Corporation Of North America (USA) IV-346
• Matsushita Air-Conditioning India Pvt., Ltd. (India) IV-351
• Panasonic Australia Pty., Ltd. (Australia) IV-352
• Panasonic Airconditioners SA (South Africa) IV-352
• Panasonic Asia Pacific Pte., Ltd. (Singapore) IV-353
• Victor Company Of Japan Ltd. (Japan) IV-354
• Table 129: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, December) (In ¥ billion) IV-355
• Table 130: Nine Months Sales Analysis by Segment: 2005-2006 (Nine Months Ended, December) (In ¥ billion) IV-355
• Table 131: Annual Sales Analysis: 2004-2005 (In ¥ billion) IV-355
• Table 132: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-356
• Table 133: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-356
• Panasonic Corporation Of China (China) IV-358
• Panasonic Ltd. (UK) IV-359
• Panasonic Malaysia Sdn. Bhd. (Malaysia) IV-362
• 261. MC Controls Ltd. (UK) IV-364
• 262. MC Quay Italia SpA (Italy) IV-365
• 263. Mega-Tech Airconditioning & Engineering Pte., Ltd. (Singapore) IV-365
• 264. Meiling Group Corporation (China) IV-366
• 265. Mepamsa SA (Spain) IV-366
• 266. Microniser SA (Belgium) IV-366
• 267. Midea (China) IV-367
• 268. Mitsubishi Electric Corporation (Japan) IV-368
• Table 134: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-370
• Table 135: Annual Sales Analysis by Segment: 2005-2006 (In ¥ billion) IV-370
• Table 136: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ billion) IV-370
• Table 137: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-371
• Table 138: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-371
• Mitsubishi Electric And Electronics USA, Inc. (USA) IV-376
• Mitsubishi Electric Australia Pty., Ltd. (Australia) IV-377
• Mitsubishi Electric Consumer Products (Thailand) Company Limited (Thailand) IV-379
• 269. Mitsubishi Heavy Industries Ltd. (Japan) IV-380
• Table 139: Annual Sales Analysis: 2004-2005 (In ¥ billion) IV-382
• Table 140: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-382
• Table 141: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-383
• 270. Moatech Co., Ltd. (Korea) IV-387
• 271. Modine Manufacturing Company (USA) IV-388
• Table 142: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, December) (In US$ million) IV-389
• Table 143: Annual Sales Analysis: 2004-2005 (In US$ million) IV-389
• Table 144: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-390
• Table 145: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-390
• Table 146: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-390
• 272. Montair Srl (Italy) IV-393
• 273. Multistack International Ltd. (Australia) IV-397
• 274. Munters Group (Sweden) IV-399
• Munters (Pty.,) Ltd. (South Africa) IV-400
• Munters AG (Switzerland) IV-400
• Munters Ltd. (UK) IV-401
• Munters Pty., Ltd. (Australia) IV-401
• 275. NEC Home Electronics Australia Pty., Ltd. (Australia) IV-402
• 276. Neu Systemes Ferroviaires (France) IV-403
• 277. Niagara Blower Company (USA) IV-404
• 278. Nijssen Koeling BV (The Netherlands) IV-406
• 279. Ningbo Hicon Group Co. Ltd. (China) IV-407
• 280. Nortek Holdings, Inc. (USA) IV-408
• Table 147: Half Yearly Sales Analysis: 2005-2006 (H1) (In US$ million) IV-410
• Table 148: Half Yearly Sales Analysis by Quarter: 2005-2006 (H1) (In US$ million) IV-410
• Table 149: Half Yearly Sales Analysis by Segment: 2005-2006 (H1) (In US$ million) IV-410
• Table 150: Annual Sales Analysis: 2004-2005 (In US$ million) IV-410
• Table 151: Annual Sales Analysis by Quarter: 2004-2005 (In US$ million) IV-411
• Table 152: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-411
• 281. Novovent SA (Spain) IV-414
• 282. Nu-Air BV (The Netherlands) IV-414
• 283. Nuova Rafi Srl (Italy) IV-415
• 284. O.Y.L Manufacturing Co. Sdn. Bhd. (Malaysia) IV-416
• 285. Olimpia Splendid SpA (Italy) IV-418
• 286. Omas Srl (Italy) IV-419
• 287. OMS Impianti Srl (Italy) IV-419
• 288. Ondernemingen Van Den Briele NV (Belgium) IV-420
• 289. Optek Clean Air Systeme GmbH (Germany) IV-420
• 290. Orion Al-Ko AG (Switzerland) IV-421
• 291. Ozone Tech Systems (Sweden) IV-422
• 292. Pak Elektron Ltd. (Pakistan) IV-423
• 293. Parka Air Sas (Italy) IV-424
• 294. Parker Hannifin Corporation (USA) IV-425
• Table 153: First Quarter Sales Analysis: 2006-2007 (In US$ million) IV-427
• Table 154: Annual Sales Analysis: 2004-2006 (In US$ million) IV-427
• Table 155: Annual Sales Analysis by Quarter: 2005-2006 (In US$ million) IV-427
• Table 156: Annual Sales Analysis by Segment: 2005-2006 (In US$ million) IV-428
• Table 157: Annual Sales Analysis by Geographic Region: 2005-2006 (In US$ million) IV-428
• Table 158: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-428
• Table 159: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-428
• Parker Hannifin CIC Ltd. (Korea) IV-436
• 295. Pemco Oy (Finland) IV-437
• 296. Phasefale Pty., Ltd. (Australia) IV-437
• 297. Pierre Bielen Sprl (Belgium) IV-438
• 298. Powermaster Cooling Ltd. (UK) IV-438
• 299. Prause & Partner GmbH (Germany) IV-439
• 300. Primair AG (Irland) (Switzerland) IV-439
• 301. Puissant (France) IV-439
• 302. Rexxon GmbH Klimasysteme, Technische Lsungen (Germany) IV-440
• 303. Rittal Pty., Ltd. (Australia) IV-441
• 304. Robatherm GmbH + Co., KG. (Germany) IV-442
• 305. Robur SpA (Italy) IV-443
• 306. Royal Sovereign International, Inc. (USA) IV-444
• 307. RTI, Inc. (USA) IV-445
• 308. RTM Realisations Thermodynamiques SA (Switzerland) IV-445
• 309. S.I.CON.AIR Srl (Italy) IV-446
• 310. Sabiana SpA (Italy) IV-446
• 311. Saeco International Group SpA (Italy) IV-447
• 312. Safurnco CC (South Africa) IV-448
• 313. Saijo Denki (Thailand) Co. Ltd. (Thailand) IV-449
• 314. Samsung Electronics Co., Ltd. (Korea) IV-450
• Table 160: First Quarter Sales Analysis: 2005-2006 (In W trillion) IV-452
• Table 161: Annual Sales Analysis: 2003-2005 (In W trillion) IV-452
• Table 162: Annual Sales Analysis by Quarter: 2004-2005 (In W trillion) IV-452
• Samsung India Electronics Ltd. (India) IV-462
• 315. Sanden Corporation (Japan) IV-465
• Table 163: Annual Sales Analysis: 2004-2005 (In ¥ million) IV-466
• Table 164: Annual Sales Analysis by Segment: 2004-2005 (In ¥ million) IV-466
• Table 165: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ million) IV-466
• Sanden International (USA), Inc. (USA) IV-467
• 316. Sanitermica Alberti SpA (Italy) IV-468
• 317. Sant' andrea SpA (Italy) IV-468
• 318. Sanyo Electric Co., Ltd. (Japan) IV-469
• Table 166: Nine Months Sales Analysis: 2005-2006 (Nine Months Ended, December) (In ¥ billion) IV-470
• Table 167: Nine Months Sales Analysis by Segment: 2005-2006 (Nine Months Ended, December) (In ¥ billion) IV-471
• Table 168: Annual Sales Analysis: 2004-2005 (In ¥ billion) IV-471
• Table 169: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-471
• Sanyo North America Corporation (USA) IV-474
• Sanyo Air Conditioners (UK) IV-477
• Sanyo Airconditioners Manufacturing (S) Pte., Ltd. (Singapore) IV-477
• Shenyang Sanyo Airconditioner Co., Ltd. (China) IV-477
• 319. Schaller Uto AG (Switzerland) IV-478
• 320. Schenk Bruhin AG (Switzerland) IV-479
• 321. Schimonek GmbH Industrie-Klte-Lufttechnik (Germany) IV-479
• 322. Se Won Giyeon Co., Ltd. (Korea) IV-480
• 323. Seeley International (Europe) Ltd. (UK) IV-480
• 324. Sefri Ingenieros SA (Spain) IV-480
• 325. Shanghai EX Chor General Machinery Co., Ltd. (China) IV-481
• 326. Shanghai Hitachi Household Electric Appliance Co., Ltd. (China) IV-481
• 327. Shanghai Shining Air Conditioner Manufacture Co., Ltd. (China) IV-482
• 328. Shanghai Sinko Air Conditioning Equipment Co., Ltd. (China) IV-482
• 329. Sharp & Howse Ltd. (UK) IV-483
• 330. Sharp Corporation (Japan) IV-484
• Table 170: Annual Sales Analysis: 2004-2005 (In ¥ billion) IV-485
• Table 171: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-486
• Table 172: Annual Sales Analysis by Product: 2004-2005 (In ¥ billion) IV-486
• Table 173: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-486
• 331. Shenzhen Lianchuang Industry Co., Ltd. (China) IV-492
• 332. Sidwal Refrigeration Industries Ltd. (India) IV-492
• 333. Siemens AG (Germany) IV-493
• Table 174: Nine Months Sales Analysis: 2005-2006
• (Nine Months Ended, June) (In € million) IV-494
• Table 175: Annual Sales Analysis: 2004-2005 (In € million) IV-494
• Table 176: Annual Sales Analysis by Segment: 2004-2005 (In € million) IV-495
• Table 177: Annual Sales Analysis by Geographic Region: 2004-2005 (In € million) IV-495
• Siemens BT Products (Australia) IV-507
• Siemens DD (Croatia) IV-507
• 334. Sigmazero Srl (Italy) IV-509
• 335. Silkair International LLC (UAE) IV-510
• 336. Sital Klima Srl (Italy) IV-510
• 337. Smallaire Pty., Ltd. (Australia) IV-511
• 338. Smeva BV (The Netherlands) IV-512
• 339. Smiths Manufacturing SA (Pty.,) Ltd. (South Africa) IV-513
• 340. Soltherm AG (Switzerland) IV-514
• 341. Space Airconditioning Plc (UK) IV-514
• 342. Spirax Sarco South Africa (South Africa) IV-515
• 343. Stadt Industries Pty., Ltd. (Australia) IV-516
• 344. Steger AG (Switzerland) IV-517
• 345. Stolway Holdings Pty., Ltd. (Australia) IV-517
• 346. Stork Bronswerk BV (The Netherlands) IV-518
• 347. Stulz GmbH (Germany) IV-519
• Stulz Air Technology Systems, Inc. (USA) IV-520
• Stulz Espana SA (Spain) IV-520
• 348. Subros (India) IV-521
• 349. Suburban Manufacturing Co. (USA) IV-522
• 350. Sunny-King Machinery Co., Ltd. (Taiwan) IV-523
• 351. Systemair Ltd. (UK) IV-523
• 352. Tadiran Appliances Ltd. (Israel) IV-524
• 353. Taikisha Ltd. (Singapore) IV-525
• Taikisha (Thailand) Co. Ltd. (Thailand) IV-525
• 354. TCL Corporation (China) IV-526
• 355. Tecnoclima SpA (Italy) IV-529
• 356. Teco Electric & Machiner Corporation (Taiwan) IV-529
• 357. Temperzone Australia Pty., Ltd. (Australia) IV-530
• 358. Thermac Distribution Ltd. (UK) IV-530
• 359. Thermax Europe Ltd. (UK) IV-530
• 360. Thermelec BVBA-Sprl (Belgium) IV-531
• 361. Thermo Refrigration (France) IV-531
• 362. Thermo Screens Limited (UK) IV-532
• 363. Thermoelectric Cooling America Corporation (USA) IV-532
• 364. Toshiba Corporation (Japan) IV-533
• Table 178: Annual Sales Analysis: 2004-2006 (In ¥ billion) IV-536
• Table 179: Annual Sales Analysis by Segment: 2005-2006 (In ¥ billion) IV-537
• Table 180: Annual Sales Analysis by Geographic Region: 2005-2006 (In ¥ billion) IV-537
• Table 181: Annual Sales Analysis by Segment: 2004-2005 (In ¥ billion) IV-537
• Table 182: Annual Sales Analysis by Geographic Region: 2004-2005 (In ¥ billion) IV-538
• Toshiba Air Conditioning UK (UK) IV-542
• Toshiba Carrier Corporation (Japan) IV-542
• 365. Travaglini SpA (Italy) IV-544
• 366. Trox (UK) Ltd. (UK) IV-545
• 367. Turbo Air Ltd. (Ireland) IV-547
• 368. Tutco, Inc. (USA) IV-547
• 369. Uniflair Italia SpA (Italy) IV-548
• 370. United Technologies Corporation (USA) IV-549
• Table 183: First Quarter Sales Analysis: 2005-2006 (In US$ million): IV-552
• Table 184: First Quarter Sales Analysis by Segment: 2005-2006 (In US$ million) IV-552
• Table 185: Annual Sales Analysis: 2004-2005 (In US$ million) IV-552
• Table 186: Annual Sales Analysis by Segment: 2004-2005 (In US$ million) IV-552
• Table 187: Annual Sales Analysis by Geographic Region: 2004-2005 (In US$ million) IV-553
• Carrier Corporation (USA) IV-555
• Carrier Air Conditioning (Holdings) Limited (Australia) IV-558
• Carrier Air Conditioning (NZ) Ltd. (New Zealand) IV-558
• Carrier Aircon Ltd. (India) IV-559
• Carrier BV (The Netherlands) IV-559
• Carrier Hong Kong Ltd. (Hong Kong) IV-559
• Carrier International Corporation (Singapore) IV-560
• Carrier Ltd. (Korea) IV-560
• Carrier South Africa (Pty.,) Ltd. (South Africa) IV-560
• Carrier SpA (Italy) IV-561
• United Carrier (Shanghai) Air Conditioning Co., Ltd. (China) IV-561
• 371. Universal Cooling Ltd. (UK) IV-562
• 372. USA Coil & Air, Inc. (USA) IV-562
• 373. Uxbridge Engineering Co., Ltd. (UK) IV-563
• 374. Valeo SA (France) IV-564
• Table 188: Annual Sales Analysis: 2004-2005 (In € million) IV-566
• 375. Vallox OY (Finland) IV-569
• 376. Van Kempen Koudetechniek BV (The Netherlands) IV-569
• 377. Vassilias SA (Greece) IV-570
• 378. Ventilclima SpA (Italy) IV-570
• 379. Ventury Co., Ltd. (Thailand) IV-571
• 380. Videocon International Ltd. (India) IV-571
• 381. Voltas Ltd. (India) IV-572
• Table 189: First Quarter Sales Analysis: 2006-2007 (In INR billion) IV-574
• Table 190: First Quarter Sales Analysis by Segment: 2006-2007 (In INR billion) IV-574
• Table 191: Annual Sales Analysis: 2004-2006 (In INR billion) IV-574
• Table 192: Annual Sales Analysis by Segment: 2005-2006 (In INR billion) IV-574
• Table 193: Annual Sales Analysis by Segment: 2004-2005 (In INR billion) IV-575
• 382. Vortice Elettrosociali SpA (Italy) IV-576
• 383. WR Refrigeration Ltd. (UK) IV-576
• 384. Waterloo Air Products Plc (UK) IV-577
• 385. Webasto South Africa (Pty.,) Ltd. (South Africa) IV-578
• 386. Webasto Thermosystems (UK) Ltd. (UK) IV-578
• 387. Wenzhou Yuetu Electrical Appliances Group Co., Ltd. (China) IV-579
• 388. Westelectro SA (Switzerland) IV-579
• 389. Wetter Heizung Lüftung AG (Switzerland) IV-580
• 390. Wettstein AG, Walter (Switzerland) IV-580
• 391. Whirlpool Corporation (USA) IV-581
• Table 194: Half Yearly Sales Analysis:
• 2005-2006 (H1) (In US$ billion) IV-581
• Table 195: Annual Sales Analysis: 2004-2005 (In US$ billion) IV-582
• 392. Whitecross Engineering Ltd. (UK) IV-583
• 393. Williams Refrigeration Scotland (UK) IV-584
• 394. Win Dynasty Development Ltd. (Hong Kong) IV-585
• 395. Wuzhou Refrigeration & Air Conditioning Equipment Co., Ltd. (China) IV-586
• 396. Zamil Air Conditioners (Saudi Arabia) IV-587
• 397. Zellweger Luwa Group (Switzerland) IV-588
• Luwa (SA) (Pty.,) Ltd. (South Africa) IV-589
• Luwa Española SA (Spain) IV-589
• 398. Zhuhai Gree Group Corporation (China) IV-590