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News information
Billions of wind vents: New opportunities and growth points for the HVAC industry ignited by the trade in of old for new
2025/04/07
With the intensification of global climate change and energy crisis, energy conservation and emission reduction have become major issues of concern to the international community. As the world's second-largest economy, China actively responds to the call and promotes green transformation in multiple fields. In this context, the "trade in" initiative of the HVAC industry has not only contributed to addressing climate change, but also brought unprecedented development opportunities for the industry itself.
Especially for the central air conditioning market, it has experienced rapid growth since 2005, and by 2024, the annual sales scale of the central air conditioning market has exceeded about 100 billion yuan. Faced with a huge market, the introduction of the "trade in" policy will undoubtedly lead a new wave of development.
Market changes driven by policies
Since the beginning of 2024, 'trade in' has once again become a focus of attention in various sectors of society. The "Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Trade in" released by the State Council, as well as the subsequent detailed deployment jointly launched by the Ministry of Commerce and 14 relevant departments, mark the high attention and support of this policy at the national level.
At the local level, multiple provinces and municipalities directly under the central government have introduced their own trade in measures, covering various forms of support policies such as loan interest subsidies, subsidies, and consumption vouchers. These measures aim to promote the upgrading of old equipment through financial incentives and other means, while also promoting the market popularization and technological innovation of energy-saving and environmentally friendly products.
According to the latest "China Central Air Conditioning Stock Market Report" released by Aiken Network, the national stock market size reached 449 billion yuan from 2005 to 2014 alone, not including the continued growth in the following years. As time goes by, early installed central air conditioning equipment gradually enters the stage of exceeding its service life, and problems such as increased energy consumption and rising operating costs become increasingly prominent.
In this situation, 'trade in' not only solves the problem of updating a large number of old equipment, but also injects new vitality into the industry. It is expected that in the coming years, with the release of more policy dividends and accelerated technological progress, the size of this market will continue to expand.
From the perspective of users, the "trade in" policy has directly stimulated the growth of replacement demand among old users, especially those who have reached the end of their service life for central air conditioning. In addition, policy promotion has also increased users' attention to energy-saving and environmentally friendly products, which is conducive to the replacement and market promotion of environmentally friendly central air conditioning products. For example, in the home decoration industry, the updated demand for finely decorated residential properties and the active second-hand housing trading market together constitute the key driving force for promoting home trade in services. At the same time, in the field of engineering projects, multiple industries including old factories, medical institutions, and hotels are actively carrying out the upgrading of central air conditioning systems.
