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VRF System - Global Market Outlook (2018-2027)

VRF System - Global Market Outlook (2018-2027)

Published: May 2020 ID: SMRC19135
Published: May 2020 ID: SMRC19135

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global VRF System Market is accounted for $13.87 billion in 2018 and is expected to reach $47.67 billion by 2027 growing at a CAGR of 14.7% during the forecast period. Factors such as increase in demand for energy-efficient resources and government incentives through tax credit programs are the major factors propelling the market growth. However, high installation cost is hampering the market growth.

Variable Refrigerant Flow (VRF) systems is an energy efficient means of precisely controlling the temperature within buildings. This system empowers simultaneous heating and cooling and better heat recovery from one zone to another in a heating, ventilation, and air conditioning system.

Based on the system type, the heat pump systems segment is going to have a lucrative growth during the forecast period due to increasing disposable income, growing awareness regarding energy efficiency, and rising energy costs. By geography, North America is going to have a lucrative growth during the forecast period due to increasing awareness about energy efficiency, easy installation process with minimum piping work and introduction of advanced environment-friendly refrigerants.

Some of the key players profiled in the VRF System Market include United Technologies Corporation, Toshiba Corporation, Schneider Electric SE, Samsung Electronics, Panasonic, Mitsubishi Electric Corporation, Midea Group Co. Ltd., LG Electronics Inc., Lennox International, Johnson Controls International PLC, Ingersoll Rand, Hitachi Ltd., Fujitsu Limited, Emerson Electric Co. and Daikin Industries Ltd.

Components Covered:
• Indoor Units
• Outdoor Units
• Installation Services
• Refrigerant
• Control Systems and Accessories

Capacities Covered:
• Up to 10 Tons
• 11 to 18 Tons
• 19 to 26 Tons
• Above 26 Tons  

System Types Covered:
• Heat Pump Systems
• Heat Recovery Systems

Applications Covered:
• Commercial
• Residential
• Other Applications

Implementations Covered:
• Retrofits
• New Constructions

Compressor Units Covered:
• Water-Cooled Unit
• Air-Cooled Unit

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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