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Global VRF (variable refrigerant flow) System Market by Component (Outdoor Units, Indoor Units, and Control Systems and Accessories), System Type (Heat Pump, Heat Recovery), Capacity (Up to 10 Tons, 11 to 18 Tons, 19 to 26 Tons, Above 26 Tons), Application (Commercial, Residential, and Others), Regional Forecasts 2021-2027

  • BIZ4509276
  • 200 Pages
  • June 2021
  • Automotive and Transportation
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Global VRF System Market is valued approximately at USD 17.6 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 12.7% over the forecast period 2021-2027. Variable refrigerant flow, or VRF in short, is an air conditioning system that precisely controls the temperature within commercial buildings. This type of air conditioning system saves a lot of energy. The VRF system can be used when the zones within a building are expected to operate at different temperatures. Because of variable occupancy, variations in outdoor temperature, and especially the position of the sun, the heating and cooling requirements of various areas and zones alter throughout the day. To maintain a comfortable and consistent internal environment, the combined or individual effects of these external and internal variables typically indicate that certain portions of the structure require cooling and others require heating. The VRF system market is driven by government incentives through tax credit programs, high energy-saving potential as well as easy and minimum maintenance requirements of VRF systems. Growth of the construction industry and relaxed norms of FDI for construction and real estate sectors is also affecting the market positively. For instance, according to the Population Reference Bureau, the global degree of urbanization was at 54 percent in 2019. According to the source, North America was the most urbanized continent in the world, with 82 percent of the population living in cities. However, high installation cost may impede market growth over the forecast period of 2021-2027.

Geographically, North America is dominating the market as people become more aware of the importance of energy efficiency and the ease with which VRFs can be installed with minimal piping work. Many North American corporations have recently launched VRF systems that use refrigerants with minimal global warming potential. In North America, the development of sophisticated environmentally friendly refrigerants as HFC-32 has promoted the usage of VRF systems.

Major market player included in this report are:

Toshiba

Fujitsu

Ingersoll Rand

Samsung Electronics

United Technologies

Mitsubishi Electric

Johnson Controls

LG Electronics

Lennox

Panasonic

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Components:

Outdoor Units

Indoor Units

Control Systems and Accessories

By Capacity:

Up to 10 Tons

11 to 18 Tons

19 to 26 Tons

Above 26 Tons

By System Type:

Heat Pump Systems

Heat Recovery Systems

By Application:

Commercial

Residential

Others

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019

Base year – 2020

Forecast period – 2021 to 2027.

Target Audience of the Global VRF System Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. VRF System Market , by Region, 2019-2027 (USD Billion)

1.2.2. VRF System Market, by Components, 2019-2027 (USD Billion)

1.2.3. VRF System Market, by Capacity, 2019-2027 (USD Billion)

1.2.4. VRF System Market, by System type, 2019-2027 (USD Billion)

1.2.5. VRF System Market , by Application, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global VRF System Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global VRF System Market Dynamics

3.1. VRF System Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Government incentives through tax credit programs

3.1.1.2. High energy-saving potential as well as easy and minimum maintenance requirements of VRF systems

3.1.1.3. Growing construction industry and easing of norms of FDI for construction and real estate sectors

3.1.2. Market Restraint

3.1.2.1. High installation cost

3.1.3. Market Opportunities

3.1.3.1. Increasing penetration of VRF systems in residential and commercial applications

Chapter 4. Global VRF System Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global VRF System Market , by Components

5.1. Market Snapshot

5.2. Global VRF System Market by Components, Performance - Potential Analysis

5.3. Global VRF System Market Estimates & Forecasts by Components 2018-2027 (USD Billion)

5.4. VRF System Market , Sub Segment Analysis

5.4.1. Outdoor Units

5.4.2. Indoor Units

5.4.3. Control Systems and Accessories

Chapter 6. Global VRF System Market , by Capacity

6.1. Market Snapshot

6.2. Global VRF System Market by Capacity, Performance - Potential Analysis

6.3. Global VRF System Market Estimates & Forecasts by capacity 2018-2027 (USD Billion)

6.4. VRF System Market , Sub Segment Analysis

6.4.1. Up to 10 Tons

6.4.2. 11 to 18 Tons

6.4.3. 19 to 26 Tons

6.4.4. Above 26 Tons

Chapter 7. Global VRF System Market , by System Type

7.1. Market Snapshot

7.2. Global VRF System Market by System type, Performance - Potential Analysis

7.3. Global VRF System Market Estimates & Forecasts by System Type 2018-2027 (USD Billion)

7.4. VRF System Market , Sub Segment Analysis

7.4.1. Heat Pump Systems

7.4.2. Heat Recovery System

Chapter 8. Global VRF System Market , by Application

8.1. Market Snapshot

8.2. Global VRF System Market by Application, Performance - Potential Analysis

8.3. Global VRF System Market Estimates & Forecasts by Application 2018-2027 (USD Billion)

8.4. VRF System Market , Sub Segment Analysis

8.4.1. Commercial

8.4.2. Residential

8.4.3. Others

Chapter 9. Global VRF System Market , Regional Analysis

9.1. VRF System Market , Regional Market Snapshot

9.2. North America VRF System Market

9.2.1. U.S. VRF System Market

9.2.1.1. Components breakdown estimates & forecasts, 2018-2027

9.2.1.2. Capacity breakdown estimates & forecasts, 2018-2027

9.2.1.3. System Type breakdown estimates & forecasts, 2018-2027

9.2.1.4. Application breakdown estimates & forecasts, 2018-2027

9.2.2. Canada VRF System Market

9.3. Europe VRF System Market Snapshot

9.3.1. U.K. VRF System Market

9.3.2. Germany VRF System Market

9.3.3. France VRF System Market

9.3.4. Spain VRF System Market

9.3.5. Italy VRF System Market

9.3.6. Rest of Europe VRF System Market

9.4. Asia-Pacific VRF System Market Snapshot

9.4.1. China VRF System Market

9.4.2. India VRF System Market

9.4.3. Japan VRF System Market

9.4.4. Australia VRF System Market

9.4.5. South Korea VRF System Market

9.4.6. Rest of Asia Pacific VRF System Market

9.5. Latin America VRF System Market Snapshot

9.5.1. Brazil VRF System Market

9.5.2. Mexico VRF System Market

9.6. Rest of The World VRF System Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies

10.2. Company Profiles

10.2.1. Toshiba

10.2.1.1. Key Information

10.2.1.2. Overview

10.2.1.3. Financial (Subject to Data Availability)

10.2.1.4. Product Summary

10.2.1.5. Recent Developments

10.2.2. 7 Fujitsu

10.2.3. Ingersoll Rand

10.2.4. Samsung Electronics

10.2.5. United Technologies

10.2.6. Mitsubishi Electric

10.2.7. Johnson Controls

10.2.8. LG Electronics

10.2.9. Lennox

10.2.10. Panasonic

Chapter 11. Research Process

11.1. Research Process

11.1.1. Data Mining

11.1.2. Analysis

11.1.3. Market Estimation

11.1.4. Validation

11.1.5. Publishing

11.2. Research Attributes

11.3. Research Assumption

List of Tables

TABLE 1. Global VRF System Market , report scope

TABLE 2. Global VRF System Market estimates & forecasts by region 2018-2027 (USD Billion)

TABLE 3. Global VRF System Market estimates & forecasts by Components 2018-2027 (USD Billion)

TABLE 4. Global VRF System Market estimates & forecasts by Capacity 2018-2027 (USD Billion)

TABLE 5. Global VRF System Market estimates & forecasts by System type 2018-2027 (USD Billion)

TABLE 6. Global VRF System Market estimates & forecasts by Application 2018-2027 (USD Billion)

TABLE 7. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 8. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 9. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 10. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 11. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 12. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 13. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 14. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 15. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 16. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 17. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 18. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 19. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 20. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 21. Global VRF System Market by segment, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 22. Global VRF System Market by region, estimates & forecasts, 2018-2027 (USD Billion)

TABLE 23. U.S. VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 24. U.S. VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 25. U.S. VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 26. Canada VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 27. Canada VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 28. Canada VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 29. UK VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 30. UK VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 31. UK VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 32. Germany VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 33. Germany VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 34. Germany VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 35. France VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 36. France VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 37. France VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 38. Spain VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 39. Spain VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 40. Spain VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 41. Italy VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 42. Italy VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 43. Italy VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 44. ROE VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 45. ROE VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 46. ROE VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 47. China VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 48. China VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 49. China VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 50. India VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 51. India VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 52. India VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 53. Japan VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 54. Japan VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 55. Japan VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 56. Australia VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 57. Australia VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 58. Australia VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 59. South Korea VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 60. South Korea VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 61. South Korea VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 62. ROPAC VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 63. ROPAC VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 64. ROPAC VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 65. Brazil VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 66. Brazil VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 67. Brazil VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 68. Mexico VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 69. Mexico VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 70. Mexico VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 71. ROLA VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 72. ROLA VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 73. ROLA VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 74. ROW VRF System Market estimates & forecasts, 2018-2027 (USD Billion)

TABLE 75. ROW VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 76. ROW VRF System Market estimates & forecasts by segment 2018-2027 (USD Billion)

TABLE 77. List of secondary sources used in the study of global VRF System Market .

TABLE 78. List of primary sources used in the study of global VRF System Market .

TABLE 79. Years considered for the study.

TABLE 80. Exchange rates considered.

 
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