Vrf System Market Scope And Analysis

  • Report Code : TIPTE100001344
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 150
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VRF System Market Trends and Scope by 2031

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VRF System Market Report VRF System Market Size and Share VRF System Market Scope and Analysis

VRF System Market Report Scope

Report Attribute Details
Market size in 2023 US$ 21.65 Billion
Market Size by 2031 US$ 54.09 Billion
Global CAGR (2023 - 2031) 12.1%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Component
  • Indoor Units
  • Outdoor Units
  • Control Systems and Accessories
By System Type
  • Heat Pump
  • Heat Recovery and Cooling Only
By Applications
  • Commercial
  • Industrial and Residential
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • FUJITSU GENERAL
  • Daikin Industries Ltd
  • Johnson Controls International Plc
  • Carrier Global Corp
  • LG Electronics Inc
  • Panasonic Holdings Corp
  • Samsung Electronics Co Ltd
  • Mitsubishi Electric Corp
  • Midea Group Co Ltd
  • Lennox International Inc

    • VRF System Market News and Recent Developments

    The VRF system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the VRF system market are listed below:

    • Fujitsu General America released Airstage VU-V systems that offer greater flexibility, efficiency, and capacity for commercial and light commercial applications. Airstage VU-V outdoor units can serve either as heat pumps or heat recovery systems with simple setting changes and the addition of refrigerant branch units (RBUs). The new VRF platform offers single modules with broader size ranges, from 6 to 16 tons and up to 36 tons per combined system. As many as 64 indoor units can be connected to a single system.

    (Source: Fujitsu General, Press Release, February 2023)

    • LG Electronics announced the launch of the new Multi V i VRF solution equipped with the company's highly evolved AI engine in key global markets, starting from Europe. Suitable for mid- to high-rise buildings, such as offices, schools, shopping malls, apartment buildings, and hotels, the energy-efficient Multi V I comes with a range of differentiated, smart features that help reduce energy consumption and deliver a more comfortable indoor environment as well as a quieter outdoor environment throughout a year.

    (Source: LG Electronics, Press Release, February 2023)

    VRF System Market Report Coverage and Deliverables

    The "VRF System Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

    • VRF system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • VRF system market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST and SWOT analysis
    • VRF system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the VRF system market
    • Detailed company profiles