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Vrf System Market

VRF System - Global Market Outlook (2018-2027)

4.7 (45 reviews)
Published: May 2020 ID: SMRC19135
4.7 (45 reviews)
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

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.

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