November 25, 2020

VRF System Market Forecast 2020 – 2027 Top Key Players Analysis

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The VRF System Market drivers and trends are as follows:

The energy-saving potential of the VRF system, individual temperature control, zoning, and minimized ductwork are factors driving the growth of the global VRF system market. Moreover, the factors contributing to the growth of the market include the increasing construction sector worldwide and the strong demand for advanced air conditioning and heat pump solutions among customers. Furthermore, the variable refrigerant flow (VRF) system serves as an improved version of the multi-split system with heat recovery capabilities and offers simultaneous heating and cooling. VRF system enhances the efficiency and power-saving capacity of the HVAC system, thus motivating the end-users to opt for these systems during the forecast period.

The rising application of VRF systems in several commercial buildings such as restaurants, hotels, corporate offices, and educational institutes will further surge the market growth in the upcoming years. Moreover, many end-users will opt for VRF systems as these systems can produce less noise during operation, modular designs, higher flexibility, easy to use smart controls of room temperature, and simple installation feature. On the other hand, the growing incidences of a refrigerant leak, lack of awareness related to the VRF system's benefits, and high installation cost will restrain the growth of the global VRF System Market.

Key Benefits of the Report:

  • This report offers an analytical depiction of the VRF system market while providing the current trends and future estimations to determine the imminent investment pockets.
  • This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the VRF system market share.
  • The report also provides a detailed VRF system market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the VRF System Market report:

  • Daikin industries, Ltd.
  • Fujitsu Limited
  • Mitsubishi Electric Corporation
  • Johnson Controls International Plc
  • Toshiba Corporation
  • Trane Technologies Plc
  • LG Electronics Inc.
  • Midea Group Co., Ltd.
  • Raytheon Technologies Corporation
  • Lennox International Inc.
  • Samsung Electronics Co., Ltd.
  • Panasonic Corporation

Segmentation of the VRF System Market:

Breakup by Type:

  • Heat Pump Systems
  • Heat Recovery Systems

Breakup by Component:

  • Outdoor Units
  • Indoor Units
  • Control Systems and Accessories

Breakup by Capacity:

  • Small Capacity
  • Large Capacity

Breakup by Application:

  • Commercial
  • Residential
  • Others

Breakup by Region:

  • North America

o United States of America

o Canada

  • Asia Pacific

o China

o Japan

o India

o Rest of APAC

  • Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

  • RoW

o Brazil

o South Africa

o Saudi Arabia


o Rest of the world (remaining countries of the LAMEA region)

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