Vrf System Market
Variable Refrigerant Flow (VRF) System - Global Market Outlook (2018-2027)
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global VRF System Market, By Component
5.1 Introduction
5.2 Indoor Units
5.2.1 Synchronous Electronic Motors
5.2.2 Electronic Expansion Valves
5.2.3 Other Indoor Units
5.2.3.1 Filters
5.2.3.2 Drain Lines
5.3 Outdoor Units
5.3.1 Inverters
5.3.2 Compressors
5.3.3 Other Outdoor Units
5.3.3.1 Suction Accumulators
5.3.3.2 Liquid Receivers
5.4 Installation Services
5.5 Refrigerant
5.6 Control Systems and Accessories
6 Global VRF System Market, By Capacity
6.1 Introduction
6.2 Up to 10 Tons
6.3 11 to 18 Tons
6.4 19 to 26 Tons
6.5 Above 26 Tons
7 Global VRF System Market, By System Type
7.1 Introduction
7.2 Heat Pump Systems
7.2.1 Air-Source Heat Pump Systems
7.2.2 Ground-Source Heat Pump Systems
7.2.3 Absorption Heat Pump Systems
7.3 Heat Recovery Systems
8 Global VRF System Market, By Application
8.1 Introduction
8.2 Commercial
8.2.1 Retail Stores
8.2.2 Office Buildings
8.2.3 Hotels & Restaurant
8.2.4 Hospitality Buildings
8.2.5 Historical Buildings
8.2.6 Healthcare Facilities
8.2.7 Government Buildings
8.2.8 Educational Buildings
8.3 Residential
8.4 Other Applications
8.4.1 Airports
8.4.2 Metro/Rail Stations
9 Global VRF System Market, By Implementation
9.1 Introduction
9.2 Retrofits
9.3 New Constructions
10 Global VRF System Market, By Compressor Unit
10.1 Introduction
10.2 Water-Cooled Unit
10.3 Air-Cooled Unit
11 Global VRF System Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 United Technologies Corporation
13.2 Toshiba Corporation
13.3 Schneider Electric SE
13.4 Samsung Electronics
13.5 Panasonic
13.6 Mitsubishi Electric Corporation
13.7 Midea Group Co. Ltd.
13.8 LG Electronics Inc.
13.9 Lennox International
13.10 Johnson Controls International PLC
13.11 Ingersoll Rand
13.12 Hitachi Ltd.
13.13 Fujitsu Limited
13.14 Emerson Electric Co.
13.15 Daikin Industries Ltd.
List of Tables
1 Global VRF System Market Outlook, By Region (2017-2027) ($MN)
2 Global VRF System Market Outlook, By Component (2017-2027) ($MN)
3 Global VRF System Market Outlook, By Indoor Units (2017-2027) ($MN)
4 Global VRF System Market Outlook, By Synchronous Electronic Motors (2017-2027) ($MN)
5 Global VRF System Market Outlook, By Electronic Expansion Valves (2017-2027) ($MN)
6 Global VRF System Market Outlook, By Other Indoor Units (2017-2027) ($MN)
7 Global VRF System Market Outlook, By Outdoor Units (2017-2027) ($MN)
8 Global VRF System Market Outlook, By Inverters (2017-2027) ($MN)
9 Global VRF System Market Outlook, By Compressors (2017-2027) ($MN)
10 Global VRF System Market Outlook, By Other Outdoor Units (2017-2027) ($MN)
11 Global VRF System Market Outlook, By Installation Services (2017-2027) ($MN)
12 Global VRF System Market Outlook, By Refrigerant (2017-2027) ($MN)
13 Global VRF System Market Outlook, By Control Systems and Accessories (2017-2027) ($MN)
14 Global VRF System Market Outlook, By Capacity (2017-2027) ($MN)
15 Global VRF System Market Outlook, By Up to 10 Tons (2017-2027) ($MN)
16 Global VRF System Market Outlook, By 11 to 18 Tons (2017-2027) ($MN)
17 Global VRF System Market Outlook, By 19 to 26 Tons (2017-2027) ($MN)
18 Global VRF System Market Outlook, By Above 26 Tons (2017-2027) ($MN)
19 Global VRF System Market Outlook, By System Type (2017-2027) ($MN)
20 Global VRF System Market Outlook, By Heat Pump Systems (2017-2027) ($MN)
21 Global VRF System Market Outlook, By Air-Source Heat Pump Systems (2017-2027) ($MN)
22 Global VRF System Market Outlook, By Ground-Source Heat Pump Systems (2017-2027) ($MN)
23 Global VRF System Market Outlook, By Absorption Heat Pump Systems (2017-2027) ($MN)
24 Global VRF System Market Outlook, By Heat Recovery Systems (2017-2027) ($MN)
25 Global VRF System Market Outlook, By Application (2017-2027) ($MN)
26 Global VRF System Market Outlook, By Commercial (2017-2027) ($MN)
27 Global VRF System Market Outlook, By Retail Stores (2017-2027) ($MN)
28 Global VRF System Market Outlook, By Office Buildings (2017-2027) ($MN)
29 Global VRF System Market Outlook, By Hotels & Restaurant (2017-2027) ($MN)
30 Global VRF System Market Outlook, By Hospitality Buildings (2017-2027) ($MN)
31 Global VRF System Market Outlook, By Historical Buildings (2017-2027) ($MN)
32 Global VRF System Market Outlook, By Healthcare Facilities (2017-2027) ($MN)
33 Global VRF System Market Outlook, By Government Buildings (2017-2027) ($MN)
34 Global VRF System Market Outlook, By Educational Buildings (2017-2027) ($MN)
35 Global VRF System Market Outlook, By Residential (2017-2027) ($MN)
36 Global VRF System Market Outlook, By Other Applications (2017-2027) ($MN)
37 Global VRF System Market Outlook, By Airports (2017-2027) ($MN)
38 Global VRF System Market Outlook, By Metro/Rail Stations (2017-2027) ($MN)
39 Global VRF System Market Outlook, By Implementation (2017-2027) ($MN)
40 Global VRF System Market Outlook, By Retrofits (2017-2027) ($MN)
41 Global VRF System Market Outlook, By New Constructions (2017-2027) ($MN)
42 Global VRF System Market Outlook, By Compressor Unit (2017-2027) ($MN)
43 Global VRF System Market Outlook, By Water-Cooled Unit (2017-2027) ($MN)
44 Global VRF System Market Outlook, By Air-Cooled Unit (2017-2027) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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