TICA Leads the Market with 8% Annual Growth Against the Trend
In 2020, there was an overall decline of 5.1% in the central air conditioner market in China. Development in this year can be interpreted as a "smooth transition" process.
Despite the overall decline, TICA led the market with 8% annual growth against the trend, and ranked fourth among Chinese brands with impressive accomplishments.
Always a Frontrunner
TICA Air Side Product Market Share of 16.7% Continued to be No.1
The 5.9% air side market share increase in 2020 is made possible by the large number of projects related to hospital reconstruction, polymerase chain reaction (PCR) lab construction and clean air side reconstruction for public buildings in the "post-COVID" world. With the 16.7% market share, TICA has continued to rank first in the air side product industry, staying one step ahead of the competition.
As the demand for purification type air side products rises due to pandemic outbreak, modular air conditioning units and fan coils with purification function become popular in air side reconstruction projects. With years of experience in medical purification, TICA, a professional brand with the most comprehensive "energy and purification solutions" to hospitals in the world, has donated professional medical purifying air conditioning equipment for ICUs, negative-pressure isolation wards, laboratories and other core purification areas in "Huoshenshan" and "Leishenshan" hospitals, and actively participated in national hospital construction/renovation projects. During the epidemic, TICA has provided professional purification products and system solutions for more than 2440 hospitals at home and abroad.
Extended Leadership Position
TICA Ranks First in Water-Cooled Screw Chiller Market in China with a Market Share of 4.4%
Despite of the 9.6% decline in the water-cooled screw chiller market, there are still opportunities for the development of the water-cooled screw chiller market due to its unparalleled value in certain applications and the efficient development layout. Efficient upgrade represented by inverter technology applications has substantially increased the competitiveness of water-cooled screw chillers in rail transit, medical field, data center, and small and medium sized power units. TICA ranks first in the water-cooled screw chiller market in China with a market share of 4.4%.
Rapid Growth
TICA Ranks Third in Modular Unit Market in China and Fourth in the Industry with a Market Share of 8.6%
Despite of the 8.9% decline in the modular chiller product market, modular chillers have still displayed robustness in many market segments with easy installation, flexible combination, and cooling+heating functions. TICA's market share achieved 8.6%, ranking third in China and fourth in the industry.
TICA's innovative 130kW single-system V-FORCE series inverter full DC inverter modular unit is excellence in all aspects, simple but stunning.
High-End Product, Strong Momentum
TICA Is Among Top Five in Purifying VRF Market in China
Despite of the 3.9% decrease in the VRF market in 2020, TICA purifying VRF unit has shown strong and continuous growth, and is among top five in China.
With the ongoing epidemic and increased consumer awareness, more users started to pay more attention to air conditioning products that support cleaning, bacteria removal, purification, and disinfection features. Health type products enjoy great popularity and the sales of VRF health type products welcomed substantial growth. Based on three decades of experience in this field, TICA, by adhering to the principle of "visible cleanness", has introduced professional purifying technique into comfortable air conditioners and thus launched the TIMS HyPlus purifying VRF with six-year warranty, striving to provide clean and health type air conditioning solutions.
