- Description
- Table of Contents
- Request Sample
The Global Variable Refrigerant Flow (VRF) System market is expected to reach $39.87 billion by 2026 growing at a CAGR of 14.6% during 2019 to 2026. Variable Refrigerant Flow (VRF) systems are 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. It comprises a multi-split refrigerant solution that contains multiple indoor evaporators connected to a single condensing unit. These systems serve a larger capacity and accordingly control the refrigerant flow, thereby enhancing energy efficiency. These systems are mainly applicable in the commercial sector with further applications such as buildings, educational institutions, healthcare facilities, hotels, and restaurants. Factors such as increase in demand for energy-efficient resources, along with awareness for environmental impact, growing penetration of VRF systems for residential applications, and growing real estate and construction industries are driving the market growth. However, high cost of investment and lack of awareness about the benefits of VRF systems hinder the market growth. Amongst application, the commercial segment is expected to grow at the significant rate over the forecast period. The increasing applications of VRF systems in commercial facilities such as offices, data centers, hospitals, and others and the significantly growing commercial sector will boost the growth of the market segment during the forthcoming years. The key vendors mentioned are LG Electronics, Mitsubishi Electrical, Panasonic Corporation, Samsung Electronics, Fujitsu General Corporation, Johnson Controls, Inc., Gree, Whirlpool, United Technologies Corporation, Ingersoll Rand PLC, Emerson, PETRA Engineering Industries Co., Encore Mechanical, Daikin Industries Ltd., Midea Group, Blue Star Ltd., Nortek, Toshiba Corporation, Lennox International Inc., and Electrolux. Capacities Covered: • Up to 10 Tons • 11 to 18 Tons • 19 to 26 Tons • Above 26 Tons Components Covered: • Outdoor Units • Indoor Units • Control Systems and Accessories • Installation Services • Refrigerant System Types Covered: • Heat Pump Systems • Heat Recovery Systems • Cooling-Only Systems Applications Covered: • Commercial • Residential • Rail & Air Transportation • Industrial • Retail Stores • Healthcare Facilities • Hospitality Buildings • Educational Buildings Implementations Covered: • Retrofits • New Constructions Compressor Units Covered: • Water-Cooled Unit • Air-Cooled Unit Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analysed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
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 Variable Refrigerant Flow (VRF) System Market, By Capacity
5.1 Introduction
5.2 Up to 10 Tons
5.3 11 to 18 Tons
5.4 19 to 26 Tons
5.5 Above 26 Tons
6 Global Variable Refrigerant Flow (VRF) System Market, By Component
6.1 Introduction
6.2 Outdoor Units
6.3 Indoor Units
6.4 Control Systems and Accessories
6.5 Installation Services
6.6 Refrigerant
7 Global Variable Refrigerant Flow (VRF) System Market, By System Type
7.1 Introduction
7.2 Heat Pump Systems
7.3 Heat Recovery Systems
7.4 Cooling-Only Systems
8 Global Variable Refrigerant Flow (VRF) System Market, By Application
8.1 Introduction
8.2 Commercial
8.3 Residential
8.4 Rail & Air Transportation
8.5 Industrial
8.6 Retail Stores
8.7 Healthcare Facilities
8.8 Hospitality Buildings
8.9 Educational Buildings
9 Global Variable Refrigerant Flow (VRF) System Market, By Implementation
9.1 Introduction
9.2 Retrofits
9.3 New Constructions
10 Global Variable Refrigerant Flow (VRF) System Market, By Compressor Unit
10.1 Introduction
10.2 Water-Cooled Unit
10.3 Air-Cooled Unit
11 Global Variable Refrigerant Flow (VRF) System Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Strategic Benchmarking
13 Vendors Landscape
13.1 LG Electronics
13.2 Mitsubishi Electrical
13.3 Panasonic Corporation
13.4 Samsung Electronics
13.5 Fujitsu General Corporation
13.6 Johnson Controls, Inc.
13.7 Gree
13.8 Whirlpool
13.9 United Technologies Corporation
13.10 Ingersoll Rand PLC
13.11 Emerson
13.12 PETRA Engineering Industries Co.
13.13 Encore Mechanical
13.14 Daikin Industries Ltd.
13.15 Midea Group
13.16 Blue Star Ltd.
13.17 Nortek
13.18 Toshiba Corporation
13.19 Lennox International Inc.
13.20 Electrolux
List of Data Tables
Table 1 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Region (2018-2026) ($MN)
Table 2 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Capacity (2018-2026) ($MN)
Table 3 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Up to 10 Tons (2018-2026) ($MN)
Table 4 Global Variable Refrigerant Flow (VRF) System Market Outlook, By 11 to 18 Tons (2018-2026) ($MN)
Table 5 Global Variable Refrigerant Flow (VRF) System Market Outlook, By 19 to 26 Tons (2018-2026) ($MN)
Table 6 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Above 26 Tons (2018-2026) ($MN)
Table 7 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Component (2018-2026) ($MN)
Table 8 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Outdoor Units (2018-2026) ($MN)
Table 9 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Indoor Units (2018-2026) ($MN)
Table 10 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Control Systems and Accessories (2018-2026) ($MN)
Table 11 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Installation Services (2018-2026) ($MN)
Table 12 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Refrigerant (2018-2026) ($MN)
Table 13 Global Variable Refrigerant Flow (VRF) System Market Outlook, By System Type (2018-2026) ($MN)
Table 14 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Heat Pump Systems (2018-2026) ($MN)
Table 15 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Heat Recovery Systems (2018-2026) ($MN)
Table 16 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Cooling-Only Systems (2018-2026) ($MN)
Table 17 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Application (2018-2026) ($MN)
Table 18 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Commercial (2018-2026) ($MN)
Table 19 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Residential (2018-2026) ($MN)
Table 20 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Rail & Air Transportation (2018-2026) ($MN)
Table 21 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Industrial (2018-2026) ($MN)
Table 22 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Retail Stores (2018-2026) ($MN)
Table 23 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Healthcare Facilities (2018-2026) ($MN)
Table 24 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Hospitality Buildings (2018-2026) ($MN)
Table 25 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Educational Buildings (2018-2026) ($MN)
Table 26 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Implementation (2018-2026) ($MN)
Table 27 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Retrofits (2018-2026) ($MN)
Table 28 Global Variable Refrigerant Flow (VRF) System Market Outlook, By New Constructions (2018-2026) ($MN)
Table 29 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Compressor Unit (2018-2026) ($MN)
Table 30 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Water-Cooled Unit (2018-2026) ($MN)
Table 31 Global Variable Refrigerant Flow (VRF) System Market Outlook, By Air-Cooled Unit (2018-2026) ($MN)
Table 32 North America Variable Refrigerant Flow (VRF) System Market Outlook, By Capacity (2018-2026) ($MN)
Table 33 North America Variable Refrigerant Flow (VRF) System Market Outlook, By Component (2018-2026) ($MN)
Table 34 North America Variable Refrigerant Flow (VRF) System Market Outlook, By System Type (2018-2026) ($MN)
Table 35 North America Variable Refrigerant Flow (VRF) System Market Outlook, By Application (2018-2026) ($MN)
Table 36 North America Variable Refrigerant Flow (VRF) System Market Outlook, By Implementation (2018-2026) ($MN)
Table 37 North America Variable Refrigerant Flow (VRF) System Market Outlook, By Compressor Unit (2018-2026) ($MN)
Table 38 EuropeVariable Refrigerant Flow (VRF) System Market Outlook, By Capacity (2018-2026) ($MN)
Table 39 Europe Variable Refrigerant Flow (VRF) System Market Outlook, By Component (2018-2026) ($MN)
Table 40 Europe Variable Refrigerant Flow (VRF) System Market Outlook, By System Type (2018-2026) ($MN)
Table 41 Europe Variable Refrigerant Flow (VRF) System Market Outlook, By Application (2018-2026) ($MN)
Table 42 Europe Variable Refrigerant Flow (VRF) System Market Outlook, By Implementation (2018-2026) ($MN)
Table 43 Europe Variable Refrigerant Flow (VRF) System Market Outlook, By Compressor Unit (2018-2026) ($MN)
Table 44 Asia Pacific Variable Refrigerant Flow (VRF) System Market Outlook, By Capacity (2018-2026) ($MN)
Table 45 Asia Pacific Variable Refrigerant Flow (VRF) System Market Outlook, By Component (2018-2026) ($MN)
Table 46 Asia Pacific Variable Refrigerant Flow (VRF) System Market Outlook, By System Type (2018-2026) ($MN)
Table 47 Asia Pacific Variable Refrigerant Flow (VRF) System Market Outlook, By Application (2018-2026) ($MN)
Table 48 Asia Pacific Variable Refrigerant Flow (VRF) System Market Outlook, By Implementation (2018-2026) ($MN)
Table 49 Asia Pacific Variable Refrigerant Flow (VRF) System Market Outlook, By Compressor Unit (2018-2026) ($MN)
Table 50 South America Variable Refrigerant Flow (VRF) System Market Outlook, By Capacity (2018-2026) ($MN)
Table 51 South America Variable Refrigerant Flow (VRF) System Market Outlook, By Component (2018-2026) ($MN)
Table 52 South America Variable Refrigerant Flow (VRF) System Market Outlook, By System Type (2018-2026) ($MN)
Table 53 South America Variable Refrigerant Flow (VRF) System Market Outlook, By Application (2018-2026) ($MN)
Table 54 South America Variable Refrigerant Flow (VRF) System Market Outlook, By Implementation (2018-2026) ($MN)
Table 55 South America Variable Refrigerant Flow (VRF) System Market Outlook, By Compressor Unit (2018-2026) ($MN)
Table 56 Middle East & Africa Variable Refrigerant Flow (VRF) System Market Outlook, By Capacity (2018-2026) ($MN)
Table 57 Middle East & Africa Variable Refrigerant Flow (VRF) System Market Outlook, By Component (2018-2026) ($MN)
Table 58 Middle East & Africa Variable Refrigerant Flow (VRF) System Market Outlook, By System Type (2018-2026) ($MN)
Table 59 Middle East & Africa Variable Refrigerant Flow (VRF) System Market Outlook, By Application (2018-2026) ($MN)
Table 60 Middle East & Africa Variable Refrigerant Flow (VRF) System Market Outlook, By Implementation (2018-2026) ($MN)
Table 61 Middle East & Africa Variable Refrigerant Flow (VRF) System Market Outlook, By Compressor Unit (2018-2026) ($MN)