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Variable Refrigerant Flow (VRF) Systems-Global Market Insights and Sales Trends 2024
Synopsis
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.
The global Variable Refrigerant Flow (VRF) Systems market size is expected to reach US$ 21260 million by 2029, growing at a CAGR of 7.6% from 2023 to 2029. The market is mainly driven by the significant applications of Variable Refrigerant Flow (VRF) Systems in various end use industries. The expanding demands from the Commercial, Residential and Others,, are propelling Variable Refrigerant Flow (VRF) Systems market. Heat Recovery System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heat Pump System segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Variable Refrigerant Flow (VRF) Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the Variable Refrigerant Flow (VRF) Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Variable Refrigerant Flow (VRF) Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Variable Refrigerant Flow (VRF) Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Variable Refrigerant Flow (VRF) Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Variable Refrigerant Flow (VRF) Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Variable Refrigerant Flow (VRF) Systems covered in this report include Daikin industries, Mitsubishi Electrical, Toshiba Corporation, Ingersoll Rand, LG Electronics, United Technologies Corporation, Lennox International, Johnson Controls and Fujitsu, etc.
The global Variable Refrigerant Flow (VRF) Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daikin industries
Mitsubishi Electrical
Toshiba Corporation
Ingersoll Rand
LG Electronics
United Technologies Corporation
Lennox International
Johnson Controls
Fujitsu
Midea Group
Global Variable Refrigerant Flow (VRF) Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Variable Refrigerant Flow (VRF) Systems market, Segment by Type:
Heat Recovery System
Heat Pump System
Global Variable Refrigerant Flow (VRF) Systems market, by Application
Commercial
Residential
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Variable Refrigerant Flow (VRF) Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Variable Refrigerant Flow (VRF) Systems market size is expected to reach US$ 21260 million by 2029, growing at a CAGR of 7.6% from 2023 to 2029. The market is mainly driven by the significant applications of Variable Refrigerant Flow (VRF) Systems in various end use industries. The expanding demands from the Commercial, Residential and Others,, are propelling Variable Refrigerant Flow (VRF) Systems market. Heat Recovery System, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Heat Pump System segment is estimated at % CAGR for the next seven-year period.
Asia Pacific shows high growth potential for Variable Refrigerant Flow (VRF) Systems market, driven by demand from China, the second largest economy with some signs of stabilising, the Variable Refrigerant Flow (VRF) Systems market in China is forecast to reach US$ million by 2029, trailing a CAGR of % over the 2023-2029 period, while the U.S. market will reach US$ million by 2029, exhibiting a CAGR of % during the same period.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Variable Refrigerant Flow (VRF) Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Variable Refrigerant Flow (VRF) Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Variable Refrigerant Flow (VRF) Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Variable Refrigerant Flow (VRF) Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Variable Refrigerant Flow (VRF) Systems covered in this report include Daikin industries, Mitsubishi Electrical, Toshiba Corporation, Ingersoll Rand, LG Electronics, United Technologies Corporation, Lennox International, Johnson Controls and Fujitsu, etc.
The global Variable Refrigerant Flow (VRF) Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Daikin industries
Mitsubishi Electrical
Toshiba Corporation
Ingersoll Rand
LG Electronics
United Technologies Corporation
Lennox International
Johnson Controls
Fujitsu
Midea Group
Global Variable Refrigerant Flow (VRF) Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Variable Refrigerant Flow (VRF) Systems market, Segment by Type:
Heat Recovery System
Heat Pump System
Global Variable Refrigerant Flow (VRF) Systems market, by Application
Commercial
Residential
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Variable Refrigerant Flow (VRF) Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Variable Refrigerant Flow (VRF) Systems
1.1 Variable Refrigerant Flow (VRF) Systems Market Overview
1.1.1 Variable Refrigerant Flow (VRF) Systems Product Scope
1.1.2 Variable Refrigerant Flow (VRF) Systems Market Status and Outlook
1.2 Global Variable Refrigerant Flow (VRF) Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Variable Refrigerant Flow (VRF) Systems Market Size by Region (2018-2029)
1.4 Global Variable Refrigerant Flow (VRF) Systems Historic Market Size by Region (2018-2023)
1.5 Global Variable Refrigerant Flow (VRF) Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Variable Refrigerant Flow (VRF) Systems Market Size (2018-2029)
1.6.1 North America Variable Refrigerant Flow (VRF) Systems Market Size (2018-2029)
1.6.2 Europe Variable Refrigerant Flow (VRF) Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Variable Refrigerant Flow (VRF) Systems Market Size (2018-2029)
1.6.4 Latin America Variable Refrigerant Flow (VRF) Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Variable Refrigerant Flow (VRF) Systems Market Size (2018-2029)
2 Variable Refrigerant Flow (VRF) Systems Market by Type
2.1 Introduction
2.1.1 Heat Recovery System
2.1.2 Heat Pump System
2.2 Global Variable Refrigerant Flow (VRF) Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Variable Refrigerant Flow (VRF) Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Variable Refrigerant Flow (VRF) Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Type (2018-2029)
3 Variable Refrigerant Flow (VRF) Systems Market Overview by Application
3.1 Introduction
3.1.1 Commercial
3.1.2 Residential
3.1.3 Others
3.2 Global Variable Refrigerant Flow (VRF) Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Variable Refrigerant Flow (VRF) Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Variable Refrigerant Flow (VRF) Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Variable Refrigerant Flow (VRF) Systems Revenue Breakdown by Application (2018-2029)
4 Variable Refrigerant Flow (VRF) Systems Competition Analysis by Players
4.1 Global Variable Refrigerant Flow (VRF) Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Variable Refrigerant Flow (VRF) Systems as of 2022)
4.3 Date of Key Players Enter into Variable Refrigerant Flow (VRF) Systems Market
4.4 Global Top Players Variable Refrigerant Flow (VRF) Systems Headquarters and Area Served
4.5 Key Players Variable Refrigerant Flow (VRF) Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Variable Refrigerant Flow (VRF) Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Daikin industries
5.1.1 Daikin industries Profile
5.1.2 Daikin industries Main Business
5.1.3 Daikin industries Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.1.4 Daikin industries Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.1.5 Daikin industries Recent Developments
5.2 Mitsubishi Electrical
5.2.1 Mitsubishi Electrical Profile
5.2.2 Mitsubishi Electrical Main Business
5.2.3 Mitsubishi Electrical Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.2.4 Mitsubishi Electrical Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.2.5 Mitsubishi Electrical Recent Developments
5.3 Toshiba Corporation
5.3.1 Toshiba Corporation Profile
5.3.2 Toshiba Corporation Main Business
5.3.3 Toshiba Corporation Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.3.4 Toshiba Corporation Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.3.5 Ingersoll Rand Recent Developments
5.4 Ingersoll Rand
5.4.1 Ingersoll Rand Profile
5.4.2 Ingersoll Rand Main Business
5.4.3 Ingersoll Rand Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.4.4 Ingersoll Rand Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.4.5 Ingersoll Rand Recent Developments
5.5 LG Electronics
5.5.1 LG Electronics Profile
5.5.2 LG Electronics Main Business
5.5.3 LG Electronics Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.5.4 LG Electronics Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.5.5 LG Electronics Recent Developments
5.6 United Technologies Corporation
5.6.1 United Technologies Corporation Profile
5.6.2 United Technologies Corporation Main Business
5.6.3 United Technologies Corporation Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.6.4 United Technologies Corporation Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.6.5 United Technologies Corporation Recent Developments
5.7 Lennox International
5.7.1 Lennox International Profile
5.7.2 Lennox International Main Business
5.7.3 Lennox International Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.7.4 Lennox International Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Lennox International Recent Developments
5.8 Johnson Controls
5.8.1 Johnson Controls Profile
5.8.2 Johnson Controls Main Business
5.8.3 Johnson Controls Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.8.4 Johnson Controls Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.8.5 Johnson Controls Recent Developments
5.9 Fujitsu
5.9.1 Fujitsu Profile
5.9.2 Fujitsu Main Business
5.9.3 Fujitsu Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.9.4 Fujitsu Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.9.5 Fujitsu Recent Developments
5.10 Midea Group
5.10.1 Midea Group Profile
5.10.2 Midea Group Main Business
5.10.3 Midea Group Variable Refrigerant Flow (VRF) Systems Products, Services and Solutions
5.10.4 Midea Group Variable Refrigerant Flow (VRF) Systems Revenue (US$ Million) & (2018-2023)
5.10.5 Midea Group Recent Developments
6 North America
6.1 North America Variable Refrigerant Flow (VRF) Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Variable Refrigerant Flow (VRF) Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Variable Refrigerant Flow (VRF) Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Variable Refrigerant Flow (VRF) Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Variable Refrigerant Flow (VRF) Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Variable Refrigerant Flow (VRF) Systems Market Dynamics
11.1 Variable Refrigerant Flow (VRF) Systems Industry Trends
11.2 Variable Refrigerant Flow (VRF) Systems Market Drivers
11.3 Variable Refrigerant Flow (VRF) Systems Market Challenges
11.4 Variable Refrigerant Flow (VRF) Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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