Global Variable Refrigerant Flow (VRF) System Market Analysis & Trends - Industry Forecast to 2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,200	200 Pages	Accuray Research LLP	July, 2024	AGLP19013874

Best Price Guarantee
Price	from $4,200
Length	200 Pages
Publisher	Accuray Research LLP
Published Date	July, 2024
SKU	AGLP19013874

Global Variable Refrigerant Flow (VRF) System Market Analysis & Trends - Industry Forecast to 2030

Variable Refrigerant Flow (VRF) System: Market Size

From $29.8 billion in 2024, the global Variable Refrigerant Flow (VRF) System Market is projected to reach $75.3 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 16.7% from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include increased open-network compatibility of VRF control systems, a polarization of VRF HVAC systems and increasing penetration of VRF system for residential applications.

Global Variable Refrigerant Flow (VRF) System Market: Market Dynamics

Increasing construction industry and easing of norms of FDI for construction and real estate sectors and High energy-saving potential as well as easy and minimum maintenance requirements of VRF systems are some of the factors driving the market.
On the other hand, high installation cost is restraining the market growth. In addition, significant opportunities in developing countries and rising penetration of VRF systems in residential and commercial applications will further boost the Variable Refrigerant Flow (VRF) System market.

Impact of COVID-19 on Variable Refrigerant Flow (VRF) System

The COVID-19 pandemic has had a significant influence on the market's growth. The worldwide health emergency created by the coronavirus's unexpected spread has had a substantial effects on a range of sectors. The epidemic has halted production and commercial activity all across the world. Furthermore, as workplaces were forced to close, interrupting everyday operations, all companies transferred their staff to work remotely from their homes. Emerson, a leading manufacturer of variable refrigerant flow systems, for example, allowed its workers to work remotely and closed its offices for a period of time in April 2020. As a result, heating, ventilation, and air conditioning (HVAC) businesses have become more conscious of the need to periodically undertake due diligence for the preservation of plant conditions and ensure uninterrupted supply in order to continue a variety of tasks.

By System Type

Heat Pump Systems Segment Dominate the Market in 2024

The Heat Pump Systems segment made huge revenue in 2024 and growing its prominence during the forecast period. Most commercial establishments, from tiny stores and cafés to major office buildings and public areas, employ VRF systems. VRF zoning ensures that energy is only used to cool or heat occupied workplaces. Because VRF systems have silent interior units and can maintain exact temperature control, they provide the most pleasant and productive working environment.

By Geography

North America Region is Leading in the Global Market Place

North America region is likely to have a huge demand in the forecast period due to VRT Systems are becoming more popular as people become more aware of the importance of energy efficiency and the ease with which they can be installed with minimal plumbing work. Furthermore, due to the development of improved environmentally friendly refrigerants such as HFC-32, the VRF System is gaining popularity.

List of the Key Players Profiled in the Market Include:

• Ahi Carrier
• Daikin Industries, Ltd
• Danfoss A/S
• Emerson
• Fujitsu
• Ingersoll Rand
• Johnson Controls
• Lennox International Inc.
• LG Electronics
• Midea Group
• Mitsubishi Electric
• Nortek
• Panasonic Corporation
• Samsung Electronics
• Toshiba

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

1 Market Outline: 1.1 Definition; 1.2 Market Segmentation & Scope; 1.3 Market Trends; 1.4 Regulatory Factors; 1.5 Application Analysis; 1.6 Strategic Benchmarking; 1.7 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source: 3.1 Methodology/Research Approach; 3.1.1 Research Programs/Design; 3.1.2 Market Size Estimation; 3.2 Data Source and Assumptions; 3.2.1 Purchased Database; 3.2.2 Company Repository; 3.2.3 Secondary Sources; 3.2.4 Primary Research; 3.2.5 List of Assumptions
4 Market Overview: 4.1 Current Trends; 4.1.1 Increased Open-Network Compatibility of VRF Control Systems; 4.1.2 A polarization of VRF HVAC Systems; 4.1.3 Increasing Penetration of VRF System for Residential Applications; 4.1.4 Growth Opportunities/Investment Opportunities; 4.2 Drivers; 4.3 Constraints; 4.4 Impact of COVID-19
5 Market Factor Analysis: 5.1 Porters Five Forces; 5.1.1 Bargaining power of suppliers; 5.1.2 Bargaining power of buyers; 5.1.3 Threat of substitutes; 5.1.4 Threat of new entrants; 5.1.5 Competitive rivalry; 5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research: 6.1 Consumer trends and preferences; 6.2 Factors affecting buying decision; 6.3 Consumer product adoption; 6.4 Observation & Recommendations
7 Variable Refrigerant Flow (VRF) System Market, By System Type: 7.1 Heat Pump Systems; DATA TABLE Heat Pump Systems Market Forecast to 2030 (US$ MN); 7.1.1 Air-Source; DATA TABLE Air-Source Market Forecast to 2030 (US$ MN); 7.1.2 Ground-Source; DATA TABLE Ground-Source Market Forecast to 2030 (US$ MN); 7.1.3 Absorption; DATA TABLE Absorption Market Forecast to 2030 (US$ MN); 7.2 Heat Recovery Systems; DATA TABLE Heat Recovery Systems Market Forecast to 2030 (US$ MN)
8 Variable Refrigerant Flow (VRF) System Market, By Capacity: 8.1 Up to 10 Tons; DATA TABLE Up to 10 Tons Market Forecast to 2030 (US$ MN); 8.2 11 to 18 Tons; DATA TABLE 11 to 18 Tons Market Forecast to 2030 (US$ MN); 8.3 19 to 26 Tons; DATA TABLE 19 to 26 Tons Market Forecast to 2030 (US$ MN); 8.4 Above 26 Tons; DATA TABLE Above 26 Tons Market Forecast to 2030 (US$ MN)
9 Variable Refrigerant Flow (VRF) System Market, By Compressor Units: 9.1 Air-Cooled Units; DATA TABLE Air-Cooled Units Market Forecast to 2030 (US$ MN); 9.2 Water-Cooled Units; DATA TABLE Water-Cooled Units Market Forecast to 2030 (US$ MN)
10 Variable Refrigerant Flow (VRF) System Market, By Component: 10.1 Outdoor Units; DATA TABLE Outdoor Units Market Forecast to 2030 (US$ MN); 10.1.1 Compressors; DATA TABLE Compressors Market Forecast to 2030 (US$ MN); 10.1.2 Inverters; DATA TABLE Inverters Market Forecast to 2030 (US$ MN); 10.1.3 Other Outdoor Units; DATA TABLE Other Outdoor Units Market Forecast to 2030 (US$ MN); 10.1.3.1 Suction Accumulators; 10.1.3.2 Liquid Receivers; 10.2 Indoor Units; DATA TABLE Indoor Units Market Forecast to 2030 (US$ MN); 10.2.1 Electronic Expansion Valves; DATA TABLE Electronic Expansion Valves Market Forecast to 2030 (US$ MN); 10.2.2 Synchronous Electronic Motors; DATA TABLE Synchronous Electronic Motors Market Forecast to 2030 (US$ MN); 10.2.3 Other Indoor Units; DATA TABLE Other Indoor Units Market Forecast to 2030 (US$ MN); 10.2.3.1 Filters; 10.2.3.2 Drain lines; 10.3 Control Systems and Accessories; DATA TABLE Control Systems and Accessories Market Forecast to 2030 (US$ MN)
11 Variable Refrigerant Flow (VRF) System Market, By Implementation: 11.1 Retrofits; DATA TABLE Retrofits Market Forecast to 2030 (US$ MN); 11.2 New Construnctions; DATA TABLE New Construnctions Market Forecast to 2030 (US$ MN)
12 Variable Refrigerant Flow (VRF) System Market, By Application: 12.1 Commercial; DATA TABLE Commercial Market Forecast to 2030 (US$ MN); 12.1.1 Office Buildings; DATA TABLE Office Buildings Market Forecast to 2030 (US$ MN); 12.1.2 Retail Stores; DATA TABLE Retail Stores Market Forecast to 2030 (US$ MN); 12.1.3 Healthcare Facilities; DATA TABLE Healthcare Facilities Market Forecast to 2030 (US$ MN); 12.1.4 Hospitality Buildings; DATA TABLE Hospitality Buildings Market Forecast to 2030 (US$ MN); 12.1.5 Educational Buildings; DATA TABLE Educational Buildings Market Forecast to 2030 (US$ MN); 12.1.6 Historical Buildings; DATA TABLE Historical Buildings Market Forecast to 2030 (US$ MN); 12.1.7 Government Buildings; DATA TABLE Government Buildings Market Forecast to 2030 (US$ MN); 12.1.8 Hotels; DATA TABLE Hotels Market Forecast to 2030 (US$ MN); 12.1.9 Automobile; DATA TABLE Automobile Market Forecast to 2030 (US$ MN); 12.2 Residential; DATA TABLE Residential Market Forecast to 2030 (US$ MN); 12.3 Industrial; DATA TABLE Industrial Market Forecast to 2030 (US$ MN); 12.4 Other Applications; DATA TABLE Other Applications Market Forecast to 2030 (US$ MN); 12.4.1 Metro Stations; DATA TABLE Metro Stations Market Forecast to 2030 (US$ MN); 12.4.2 Airport; DATA TABLE Airport Market Forecast to 2030 (US$ MN); 12.4.3 Railway Stations; DATA TABLE Railway Stations Market Forecast to 2030 (US$ MN)
13 Variable Refrigerant Flow (VRF) System Market, By Geography: 13.1 North America; DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN); 13.1.1 US; 13.1.2 Canada; 13.1.3 Mexico; 13.2 Europe; DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN); 13.2.1 Germany; 13.2.2 U.K; 13.2.3 Italy; 13.2.4 France; 13.2.5 Spain; 13.2.6 Rest of Europe; 13.3 Asia Pacific; DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN); 13.3.1 China; 13.3.2 Japan; 13.3.3 India; 13.3.4 Australia; 13.3.5 New Zealand; 13.3.6 Rest of Asia Pacific; 13.4 Middle East; DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN); 13.4.1 Saudi Arabia; 13.4.2 UAE; 13.4.3 Rest of Middle East; 13.5 Latin America; DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN); 13.5.1 Argentina; 13.5.2 Brazil; 13.5.3 Rest of Latin America; 13.6 Rest of the World (RoW); DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN); 13.6.1 South Africa; 13.6.2 Others
14 Key Player Activities: 14.1 Acquisitions & Mergers; 14.2 Agreements, Partnerships, Collaborations and Joint Ventures; 14.3 Product Launch & Expansions; 14.4 Other Activities
11 Leading Companies: 15.1 Ahi Carrier; 15.2 Daikin Industries, Ltd; 15.3 Danfoss A/S; 15.4 Emerson; 15.5 Fujitsu; 15.6 Ingersoll Rand; 15.7 Johnson Controls; 15.8 Lennox International Inc.; 15.9 LG Electronics; 15.10 Midea Group; 15.11 Mitsubishi Electric; 15.12 Nortek; 15.13 Panasonic Corporation; 15.14 Samsung Electronics; 15.15 Toshiba
List of Tables: Table 1 Global Variable Refrigerant Flow (VRF) System Market By Region, Market Forecast (2022-2030) (US $MN); Table 2 Global Variable Refrigerant Flow (VRF) System Market By System Type, Market Forecast (2022-2030) (US $MN); Table 3 Global Variable Refrigerant Flow (VRF) System Market By Heat Pump Systems, Market Forecast (2022-2030) (US $MN); Table 4 Global Variable Refrigerant Flow (VRF) System Market By Air-Source, Market Forecast (2022-2030) (US $MN); Table 5 Global Variable Refrigerant Flow (VRF) System Market By Ground-Source, Market Forecast (2022-2030) (US $MN); Table 6 Global Variable Refrigerant Flow (VRF) System Market By Absorption, Market Forecast (2022-2030) (US $MN); Table 7 Global Variable Refrigerant Flow (VRF) System Market By Heat Recovery Systems, Market Forecast (2022-2030) (US $MN); Table 8 Global Variable Refrigerant Flow (VRF) System Market By Capacity, Market Forecast (2022-2030) (US $MN); Table 9 Global Variable Refrigerant Flow (VRF) System Market By Up to 10 Tons, Market Forecast (2022-2030) (US $MN); Table 10 Global Variable Refrigerant Flow (VRF) System Market By 11 to 18 Tons, Market Forecast (2022-2030) (US $MN); Table 11 Global Variable Refrigerant Flow (VRF) System Market By 19 to 26 Tons, Market Forecast (2022-2030) (US $MN); Table 12 Global Variable Refrigerant Flow (VRF) System Market By Above 26 Tons, Market Forecast (2022-2030) (US $MN); Table 13 Global Variable Refrigerant Flow (VRF) System Market By Compressor Units, Market Forecast (2022-2030) (US $MN); Table 14 Global Variable Refrigerant Flow (VRF) System Market By Air-Cooled Units, Market Forecast (2022-2030) (US $MN); Table 15 Global Variable Refrigerant Flow (VRF) System Market By Water-Cooled Units, Market Forecast (2022-2030) (US $MN); Table 16 Global Variable Refrigerant Flow (VRF) System Market By Component, Market Forecast (2022-2030) (US $MN); Table 17 Global Variable Refrigerant Flow (VRF) System Market By Outdoor Units, Market Forecast (2022-2030) (US $MN); Table 18 Global Variable Refrigerant Flow (VRF) System Market By Compressors, Market Forecast (2022-2030) (US $MN); Table 19 Global Variable Refrigerant Flow (VRF) System Market By Inverters, Market Forecast (2022-2030) (US $MN); Table 20 Global Variable Refrigerant Flow (VRF) System Market By Other Outdoor Units, Market Forecast (2022-2030) (US $MN); Table 21 Global Variable Refrigerant Flow (VRF) System Market By Indoor Units, Market Forecast (2022-2030) (US $MN); Table 22 Global Variable Refrigerant Flow (VRF) System Market By Electronic Expansion Valves, Market Forecast (2022-2030) (US $MN); Table 23 Global Variable Refrigerant Flow (VRF) System Market By Synchronous Electronic Motors, Market Forecast (2022-2030) (US $MN); Table 24 Global Variable Refrigerant Flow (VRF) System Market By Other Indoor Units, Market Forecast (2022-2030) (US $MN); Table 25 Global Variable Refrigerant Flow (VRF) System Market By Control Systems and Accessories, Market Forecast (2022-2030) (US $MN); Table 26 Global Variable Refrigerant Flow (VRF) System Market By Implementation, Market Forecast (2022-2030) (US $MN); Table 27 Global Variable Refrigerant Flow (VRF) System Market By Retrofits, Market Forecast (2022-2030) (US $MN); Table 28 Global Variable Refrigerant Flow (VRF) System Market By New Construnctions, Market Forecast (2022-2030) (US $MN); Table 29 Global Variable Refrigerant Flow (VRF) System Market By Application, Market Forecast (2022-2030) (US $MN); Table 30 Global Variable Refrigerant Flow (VRF) System Market By Commercial, Market Forecast (2022-2030) (US $MN); Table 31 Global Variable Refrigerant Flow (VRF) System Market By Office Buildings, Market Forecast (2022-2030) (US $MN); Table 32 Global Variable Refrigerant Flow (VRF) System Market By Retail Stores, Market Forecast (2022-2030) (US $MN); Table 33 Global Variable Refrigerant Flow (VRF) System Market By Healthcare Facilities, Market Forecast (2022-2030) (US $MN); Table 34 Global Variable Refrigerant Flow (VRF) System Market By Hospitality Buildings, Market Forecast (2022-2030) (US $MN); Table 35 Global Variable Refrigerant Flow (VRF) System Market By Educational Buildings, Market Forecast (2022-2030) (US $MN); Table 36 Global Variable Refrigerant Flow (VRF) System Market By Historical Buildings, Market Forecast (2022-2030) (US $MN); Table 37 Global Variable Refrigerant Flow (VRF) System Market By Government Buildings, Market Forecast (2022-2030) (US $MN); Table 38 Global Variable Refrigerant Flow (VRF) System Market By Hotels, Market Forecast (2022-2030) (US $MN); Table 39 Global Variable Refrigerant Flow (VRF) System Market By Automobile, Market Forecast (2022-2030) (US $MN); Table 40 Global Variable Refrigerant Flow (VRF) System Market By Residential, Market Forecast (2022-2030) (US $MN); Table 41 Global Variable Refrigerant Flow (VRF) System Market By Industrial, Market Forecast (2022-2030) (US $MN); Table 42 Global Variable Refrigerant Flow (VRF) System Market By Other Applications, Market Forecast (2022-2030) (US $MN); Table 43 Global Variable Refrigerant Flow (VRF) System Market By Metro Stations, Market Forecast (2022-2030) (US $MN); Table 44 Global Variable Refrigerant Flow (VRF) System Market By Airport, Market Forecast (2022-2030) (US $MN); Table 45 Global Variable Refrigerant Flow (VRF) System Market By Railway Stations, Market Forecast (2022-2030) (US $MN); NOTE: Tables for North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the World are represented in the same manner above.