Variable Refrigerant Flow (VRF) systems are generally all-electric systems that use water or air source heat pumps to offer space cooling or heating to a building spaces.
Variable Refrigerant Flow Systems Market aims to provide a comprehensive presentation of the global market for Variable Refrigerant Flow (VRF) Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Variable Refrigerant Flow (VRF) Systems. Variable Refrigerant Flow Systems Market contains market size and forecasts of Variable Refrigerant Flow (VRF) Systems in global, including the following market information:
- Global Variable Refrigerant Flow (VRF) Systems Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Variable Refrigerant Flow (VRF) Systems market was valued at US$ 12720 million in 2022 and is projected to reach US$ 20790 million by 2029, at a CAGR of 7.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Heat Recovery System Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Variable Refrigerant Flow (VRF) Systems include Daikin industries, Mitsubishi Electrical, Toshiba Corporation, Ingersoll Rand, LG Electronics, United Technologies Corporation, Lennox International, Johnson Controls and Fujitsu, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Variable Refrigerant Flow (VRF) Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Variable Refrigerant Flow (VRF) Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Variable Refrigerant Flow (VRF) Systems Market Segment Percentages, by Type, 2022 (%)
- Heat Recovery System
- Heat Pump System
Global Variable Refrigerant Flow (VRF) Systems Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Variable Refrigerant Flow (VRF) Systems Market Segment Percentages, by Application, 2022 (%)
- Commercial
- Residential
- Others
Global Variable Refrigerant Flow (VRF) Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Variable Refrigerant Flow (VRF) Systems Market Segment Percentages, By Region and Country, 2022 (%)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Benelux
- Rest of Europe
- Asia
- China
- Japan
- South Korea
- Southeast Asia
- India
- Rest of Asia
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- Turkey
- Israel
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Variable Refrigerant Flow (VRF) Systems revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Variable Refrigerant Flow (VRF) Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Daikin industries
- Mitsubishi Electrical
- Toshiba Corporation
- Ingersoll Rand
- LG Electronics
- United Technologies Corporation
- Lennox International
- Johnson Controls
- Fujitsu
- Midea Group
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Variable Refrigerant Flow (VRF) Systems, market overview.
- Chapter 2: Global Variable Refrigerant Flow (VRF) Systems market size in revenue.
- Chapter 3: Detailed analysis of Variable Refrigerant Flow (VRF) Systems company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
- Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
- Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
- Chapter 6: Sales of Variable Refrigerant Flow (VRF) Systems in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
- Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
- Chapter 8: The main points and conclusions of the report.
Industry Market Size
