Daikin set to become world's top air-con firm
Daikin's 2010 sales could propel it to top global air-con company.
Daikin Industries is on track to emerge as the world leader in air-conditioning system sales for the 2010 fiscal year, according to chairman Noriyuki Inoue.
“It looks like we may surpass US rival Carrier, and become number one worldwide,” Inoue said at a meeting for investors and analysts.
Daikin’s aggressive overseas expansion, particularly in Europe and China, has made all the difference. Daikin estimates that Carrier’s air-con segment took in sales of roughly $8.82billion in 2009.
Daikin estimates that Carrier’s figure remained almost flat in 2010, undershooting Daikin’s projected air-con segment sales of $11.32 billion for the year ending March 2010.
While Carrier is focused more on its US home market, Daikin derives about 60% of its sales overseas. Under its upcoming five-year business plan, Daikin will set up an R&D centre in India to develop products tailored to each of the emerging markets.