Sri Lanka's Apex Organisation for Export Promotion
The Air Conditioning, refrigeration and Cooling systems market is projected to grow ever more rapidly with several new environmental, biological, storage and application factors, requiring a more diverse range of systems which vary from precision environment control to domestic usages. Further, the subsystem assembly and services require a diverse range of sources due to requirements of cost effectiveness, time to market and specialisations. The market is expected to reach $76.63 billion in 2025 at a CAGR of 6.1%. A recent report published by The Economist Intelligence Unit, states that ‘Globally, by 2030, 460m new units of cooling equipment will be sold every year, compared with just 260m unit sales in 2010 and 336m in 2018. China, the US and India are by far the three largest markets – accounting for 49% of total sales in 2030’. The enormity of the growth provides for a sizable opportunity for the manufacturers and exporters of Air Condition Machines, Freezers, Coolers, Refrigerators, and their components in countries like Sri Lanka.
Several pioneering Sri Lankan organisations within this sector, providing solutions to the local market, have now scaled up through collaborations to provide various subsystems required in the sector to foreign buyers. Global expertise and technology coupled up with the consistency in quality and reliability for which the Sri Lankan Electronic & Electrical industry is known, have been major factors in its growth. The sub-sector continues to enjoy steady growth in orders and currently the Sri Lankan manufacturers offer a wide range of domestic and commercial air conditioning solutions including commercial and residential refrigeration. The range of products offered include ACs, VRFs, packaged ACs and chillers, deep freezers, water coolers, modular cold rooms, related equipment, and components. Conditioned in environments of high temperature and humidity, the solutions from Sri Lanka are preferred for their high quality, environmentally friendliness, energy efficiency and reliability. Many Sri Lankan manufacturers have also tied up with global experts for technical expertise and globally renowned manufacturers for joint ventures that strengthen their presence in every region.
Sri Lankan Electrical and Electronics industry is in a constant state of research and development in order to provide the best quality products suiting the standards of the global market. The wide variety of products and exporters cover every aspect of the industry
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