The global VRF AC system is growing at a CAGR of 5.3% during the forecast period. The major factors that are augmenting the growth of the VRF AC market include increasing demand for energy-efficient heating, ventilation, air conditioning (HVAC), and the growth of various industries including construction and manufacturing. Furthermore, initiatives are taken by the government to ease the foreign direct investment (FDI) standards in the real estate sector, enlargement of open network compatibility, the polarization of VRF designed for cold regions are also estimated to be the major factors that are significantly contributing towards the growth of the market. Additionally, the growing distribution of VRF AC systems in high-rise buildings is expected to provide profitable opportunities to the players that are operating in the VRF systems market.
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The deployment of these systems in high-rise buildings is escalating due to the flexibility along with low utility cost benefits that are being offered by these systems. To fulfill the various need of multiple tenants, VRF systems provide control and flexibility in the installation process by removing the need for water piping. Many of the specialized instrument manufacturers have brought in user-friendly control systems with LCD touch screens that combined central air conditioning along with VRF to control central air conditioning systems.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global VRF AC System Market by Application
- Commercial
- Residential
- Other
Global VRF AC System Market by Type
- Heat Pump System
- Heat Recovery System
Global VRF AC System Market by Components
- Indoor Units
- Outdoor Units
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East and Africa
Company Profiles
- Electrolux AB
- Blue Star, Ltd.
- Carrier Global Corp.
- Daikin Industries, Ltd.
- Fujitsu General, Ltd.
- Godrej & Boyce Manufacturing Co. Ltd.
- Gree Electric Appliances, Inc.
- Guangdong Chigo Air Conditioning Co. Ltd.
- Haier Electronics Group Co. Ltd. (GE Appliances)
- Hitachi, Ltd.
- Ingersoll Rand Plc
- Johnson Controls, Inc.
- Lennox International, Inc.
- LG Electronics, Ltd.
- Midea Group
- Mitsubishi Electric Corporation
- Nortek Global HVAC LLC
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Toshiba Corp.
- Trane Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global VRF AC system. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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