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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

June 2021 | 200 pages | ID: G8D33CFCB547EN
Bizwit Research & Consulting LLP

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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.

LIST OF FIGURES

FIG 1. Global VRF System Market , research methodology
FIG 2. Global VRF System Market , market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global VRF System Market , key trends 2020
FIG 5. Global VRF System Market , growth prospects 2021-2027
FIG 6. Global VRF System Market , porters 5 force model
FIG 7. Global VRF System Market , pest analysis
FIG 8. Global VRF System Market , value chain analysis
FIG 9. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 10. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 11. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 12. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 13. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 14. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 15. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 16. Global VRF System Market by segment, 2018 & 2027 (USD Billion)
FIG 17. Global VRF System Market , regional snapshot 2018 & 2027
FIG 18. North America VRF System Market 2018 & 2027 (USD Billion)
FIG 19. Europe VRF System Market 2018 & 2027 (USD Billion)
FIG 20. Asia-Pacific VRF System Market 2018 & 2027 (USD Billion)
FIG 21. Latin America VRF System Market 2018 & 2027 (USD Billion)
FIG 22. Global VRF System Market , company market share analysis (2020)


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