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VRF Systems Market

Explore the Potential of VRF Systems Market, Growth Drivers, Restrains, Competition, and More: FMI Latest Market Report

VRF Systems Market by Product, Capacity, Application, Distribution Channel & Region - Forecast 2022 - 2032

VRF Systems Market Outlook (2022-2032)

[333 Pages Report] The global VRF systems market is likely to be valued at US$ 16,610 Mn in 2022, and the demand is expected to surge at a CAGR of 6% during 2022-2032. By 2032, the market is anticipated to exhibit a significant growth of US$ 29,884 Mn.

The increasing awareness of energy conservation, rising disposable income, along with rising energy costs are some of the factors anticipated to drive the VRF systems market growth.

However, the global VRF systems market share is expected to be significantly hampered due to the lack of awareness regarding VRF systems in developing countries. On the other hand, web-based services to calculate fluorocarbon leak volumes are creating lucrative opportunities, boosting the sales of variable refrigerant flow systems.

Report Attribute

Details

VRF systems market Value (2022)

US$ 16,610 Mn

VRF systems market Anticipated Value (2032)

US$ 29,884 Mn

VRF systems market CAGR (2022-2032)

6%

The major VRF system working principle is to maintain precise temperature control, along with useful info units that can be acquired through the adoption of VRF systems to ensure a comfortable and productive work environment. Additionally, VRF manufacturers are producing systems that are user-friendly and offer control through LCD touchscreens to centrally manage air conditioning systems that combine central air conditioning and VRF system components.

The lower cost of implementing heating, ventilation, and air conditioning (HVAC) systems is anticipated to boost the demand for variable refrigerant flow systems during the forecast period. Among the advantages of VRF systems, they save 40% energy compared to VAV electric coils. Furthermore, a variable refrigerant flow system offers special benefits to smaller buildings compared to features in high-end building automation systems. This is owing to its ability to utilize less energy consumption.

Older buildings are well suited for variable refrigerant flow (VRF) systems as a replacement for prevailing equipment. To save overall operational costs, hotels rely on VRF systems, which are likely to increase the sales of variable refrigerant flow systems throughout 2032.

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What are the Key Aspects that Drive the VRF Systems Market?

The rising demand for energy-efficient resources across the globe is one of the major aspects propelling the VRF systems market growth. Moreover, the minimal norms of FDI for construction and real estate sectors, along with the rise in the construction industry, are anticipated to propel the demand for variable refrigerant flow systems.

The minimum maintenance requirement of VRF systems, as well as high energy-saving potential, are expected to increase the VRF systems market size. Furthermore, technologically advanced refrigerants for air conditioning and heat pump solutions offered to consumers owing to their growing emphasis, are anticipated to drive the sales of variable refrigerant flow systems.

Furthermore, rising awareness of the environmental impact of VRF systems, increasing urbanization, digitization and tax credit programs surging government incentives are expected to positively affect the VRF systems market outlook.

There is minimal ablation and reduced breakdowns of the VRF systems with variable speed compressors and compatibility at partial load conditions. Therefore, in places where zoning is a requirement, VRF systems are in high demand owing to their reduced downtime.

What are the factors that Obstruct the VRF Systems Market?

The constant maintenance due to the concentration limits of refrigerants, as a result of guidelines shared by ASHRAE, is likely to impede the market growth. Moreover, the high costs associated with the installation of VRF systems are expected to further affect its demand.

VRF manufacturers are likely to face significant challenges due to design complexities. Additionally, refrigerant leaks cause concern for harmful environmental impacts, which is likely to further hamper the VRF systems market growth.

As incorrect installation can affect the overall functioning of the system, the complicated, tedious and expensive installation of VRF systems is anticipated to curb the sales of variable refrigerant flow systems.

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What are the Revenue Generating Opportunities of the VRF Systems Market?

Growing penetration of VRF systems in commercial and residential applications is expected to expand the VRF systems market size. Furthermore, increased adoption of VRF systems in the industrial sector is due to excellent services, high air-conditioning performance, and long product life under harsh conditions.

What is the Regional Analysis of the VRF Systems market?

Asia-Pacific VRF systems market

The Asia-Pacific is the leading VRF systems market. This is owing to a higher presence of key manufacturers of VRF systems, especially in Japan. The Middle East & Africa are significantly contributing to the market growth due to heavy investments in the building and construction sector.

Urbanization and growing demand for high-tech devices such as wireless and connected devices in this region is expected to accelerate the global market growth. Furthermore, the growth of commercial buildings, offices and hospitals in this region are likely to further boost the sales of variable refrigerant flow systems.

Europe VRF systems market

Europe is the second leading VRF systems market with a revenue of 24%. Due to the hanging temperature in the region, Europe has a larger usage of variable flow (VRF) systems for commercial buildings. During the projected period, the developed regions of Europe are expected to grow at a robust CAGR during the forecast period.  

North America VRF systems market

North America is a growing VRF systems market with an approximate revenue of 15%. The presence of major manufacturers and availability of the products that are certified by AHRI, in this region are likely to contribute to the VRF systems market growth.

The easy installation process with minimum piping work and increasing awareness about energy efficiency are anticipated to propel the demand. Additionally, the adoption of VRF systems is getting traction due to the introduction of environment-friendly refrigerants such as HFC-32.

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Top 6 Key Companies & Start-Ups Revolutionizing the VRF systems market Space

Start-up companies under the VRF systems sector are implementing heat pumps to reduce energy consumption and maintain precise temperature control. They are aiming to improve the system devices to provide fresh air to indoor rooms and to retain wasted heat.

New innovations to improve the instalment of VRF systems in a growing number of homes and public places due to their excellent physical properties, are likely to be fabricated by emerging start-up companies. This will include good air conditioning efficiency and a long product life. Moreover, mergers and acquisitions are done to enhance their market presence and create innovations to improve the systems, which is expected to surge the demand for variable refrigerant flow systems.

KEY MARKET PLAYERS OF THE VRF SYSTEMS MARKET:

  • Daikin Industries Ltd. - With more than 100 production units globally, and operations in more than 150 countries: Daikin is one of the leading players in the air-conditioning and fluorochemicals businesses.
  • Fujitsu Ltd. – AIRSTAGE VRF Systems by Fujitsu General, can be designed to create an air conditioning solution to suit most buildings requirements. High energy efficiency, energy saving function, more comfort, design flexibility, easy installation, etc. surges the demand.
  • Mitsubishi Electrical – Mitsubishi leads the world in air conditioning systems for residential, commercial and industrial use. Their engineers develop amazingly sophisticated yet durable units and systems capable of constant use under virtually
  • Johnson Controls Inc. – At Johnson Controls, they aim to make buildings smarter, more comfortable, safer, and more sustainable.
  • Toshiba Corporation – VRF system business and the air-conditioning of Toshiba is operated by Toshiba Carrier Corporation; the global joint between Carrier Corporation (US) and Toshiba Corporation (Japan).
  • LG Electronics – LG Electronics comprises of 4 business units: home entertainment, mobile communication, home appliances and air solutions, and vehicle components. They acquired Zenith in 1995, and the largest shareholder of LG display in 2020. The company has 128 operations worldwide, employing 83,000 people.

Other Market Participants of the VRF systems market:

  • Midea Group
  • Ingersoll Rand Plc.
  • United Technologies Corporation
  • Lennox International Inc.
  • Samsung Electronics HVAC
  • Panasonic Corporation
  • Nortek Global HVAC
  • GREE North America
  • Emerson Electric
  • Whirlpool of India
  • Hitachi Ltd.
  • Ingersoll-Rand plc
  • PETRA Engineering Industries Co.
  • Voltas
  • Reznor
  • Blue Star Ltd.
  • AHI Carrier
  • Danfoss A/S
  • Carrier HVAC

Some of the Recent Developments in the VRF systems market:

  • In October 2019, Panasonic Corporation signed a technology agreement with Welcome Air-Tech (WAT) for the development of energy-efficient and sustainable air conditioning and ventilation solutions for the commercial sector across Southeast Asia.
  • In November 2018, Daikin Industries Ltd. acquired AHT Group for US$ 747.98 Mn.
  • In October 2018, Fujitsu General Limited acquired 51% shares in F.G. Europe Italia S.p.A. for a value of approximately US$ 8.48 Mn.
  • In May 2020, Panasonic Corporation signed an agreement with Quantum Cooling for the distribution of VRF systems and mini-split equipment across Florida.

Report Scope

Report Attribute

Details

Growth Rate

CAGR of 6% from 2022 to 2032

Base year for estimation

2022

Historical data

2017 - 2021

Forecast period

2022 - 2032

Quantitative units

Revenue in US$ million and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Type, Compressor Units, End User, and Region.

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Daikin Industries Ltd., Fujitsu Ltd., Mitsubishi Electrical, Johnson Controls Inc., Toshiba Corporation, Ingersoll Rand Plc., LG Electronics, Midea Group, United Technologies Corporation, Lennox International Inc., Samsung Electronics HVAC, Panasonic Corporation, Nortek Global HVAC, GREE North America, Emerson Electric, Whirlpool of India, Hitachi Ltd., Ingersoll-Rand plc, PETRA Engineering Industries Co., Voltas, Reznor, Blue Star Ltd., AHI Carrier, Danfoss A/S, Carrier HVAC, etc.

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Key Segments Profiled in the VRF systems market Survey

By Type:

  • Heat Recovery System
  • Heat Pump

By Compressor Units:

  • Air-Cooled Unit
  • Water-Cooled Unit

By End User:

  • Hotels & Restaurants
  • Residential
  • Transport

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

Frequently Asked Questions

The variable refrigeration flow systems market is anticipated to register a CAGR of 6% during the forecast period.

Complicated, tedious and expensive installation is anticipated to curb the sales of variable refrigerant flow systems.

By 2032, the market is likely to grow to a revenue of US$ 29,884 Mn.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global VRF Systems Market Analysis 2017-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By System Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By System Type, 2017-2021

    5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By System Type, 2022-2032

        5.3.1. Heat Recovery System

        5.3.2. Heat Pump

    5.4. Y-o-Y Growth Trend Analysis By System Type, 2017-2021

    5.5. Absolute $ Opportunity Analysis By System Type, 2022-2032

6. Global VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Compressor Units

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Compressor Units, 2017-2021

    6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Compressor Units, 2022-2032

        6.3.1. Air Cooled Unit

        6.3.2. Water-cooled Unit

    6.4. Y-o-Y Growth Trend Analysis By Compressor Units, 2017-2021

    6.5. Absolute $ Opportunity Analysis By Compressor Units, 2022-2032

7. Global VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By End-user

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By End-user, 2017-2021

    7.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By End-user, 2022-2032

        7.3.1. Commercial

        7.3.2. Residential

        7.3.3. Transport

    7.4. Y-o-Y Growth Trend Analysis By End-user, 2017-2021

    7.5. Absolute $ Opportunity Analysis By End-user, 2022-2032

8. Global VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Region

    8.1. Introduction

    8.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021

    8.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032

        8.3.1. North America

        8.3.2. Latin America

        8.3.3. Europe

        8.3.4. Asia Pacific

        8.3.5. MEA

    8.4. Market Attractiveness Analysis By Region

9. North America VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        9.2.1. By Country

            9.2.1.1. U.S.

            9.2.1.2. Canada

        9.2.2. By System Type

        9.2.3. By Compressor Units

        9.2.4. By End-user

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By System Type

        9.3.3. By Compressor Units

        9.3.4. By End-user

    9.4. Key Takeaways

10. Latin America VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        10.2.1. By Country

            10.2.1.1. Brazil

            10.2.1.2. Mexico

            10.2.1.3. Rest of Latin America

        10.2.2. By System Type

        10.2.3. By Compressor Units

        10.2.4. By End-user

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By System Type

        10.3.3. By Compressor Units

        10.3.4. By End-user

    10.4. Key Takeaways

11. Europe VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        11.2.1. By Country

            11.2.1.1. Germany

            11.2.1.2. U.K.

            11.2.1.3. France

            11.2.1.4. Spain

            11.2.1.5. Italy

            11.2.1.6. Rest of Europe

        11.2.2. By System Type

        11.2.3. By Compressor Units

        11.2.4. By End-user

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By System Type

        11.3.3. By Compressor Units

        11.3.4. By End-user

    11.4. Key Takeaways

12. Asia Pacific VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        12.2.1. By Country

            12.2.1.1. China

            12.2.1.2. Japan

            12.2.1.3. South Korea

            12.2.1.4. Malaysia

            12.2.1.5. Singapore

            12.2.1.6. Australia

            12.2.1.7. New Zealand

            12.2.1.8. Rest of APAC

        12.2.2. By System Type

        12.2.3. By Compressor Units

        12.2.4. By End-user

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By System Type

        12.3.3. By Compressor Units

        12.3.4. By End-user

    12.4. Key Takeaways

13. MEA VRF Systems Market Analysis 2017-2021 and Forecast 2022-2032, By Country

    13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021

    13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032

        13.2.1. By Country

            13.2.1.1. GCC Countries

            13.2.1.2. South Africa

            13.2.1.3. Israel

            13.2.1.4. Rest of MEA

        13.2.2. By System Type

        13.2.3. By Compressor Units

        13.2.4. By End-user

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By System Type

        13.3.3. By Compressor Units

        13.3.4. By End-user

    13.4. Key Takeaways

14. Key Countries VRF Systems Market Analysis

    14.1. U.S.

        14.1.1. Pricing Analysis

        14.1.2. Market Share Analysis, 2021

            14.1.2.1. By System Type

            14.1.2.2. By Compressor Units

            14.1.2.3. By End-user

    14.2. Canada

        14.2.1. Pricing Analysis

        14.2.2. Market Share Analysis, 2021

            14.2.2.1. By System Type

            14.2.2.2. By Compressor Units

            14.2.2.3. By End-user

    14.3. Brazil

        14.3.1. Pricing Analysis

        14.3.2. Market Share Analysis, 2021

            14.3.2.1. By System Type

            14.3.2.2. By Compressor Units

            14.3.2.3. By End-user

    14.4. Mexico

        14.4.1. Pricing Analysis

        14.4.2. Market Share Analysis, 2021

            14.4.2.1. By System Type

            14.4.2.2. By Compressor Units

            14.4.2.3. By End-user

    14.5. Germany

        14.5.1. Pricing Analysis

        14.5.2. Market Share Analysis, 2021

            14.5.2.1. By System Type

            14.5.2.2. By Compressor Units

            14.5.2.3. By End-user

    14.6. U.K.

        14.6.1. Pricing Analysis

        14.6.2. Market Share Analysis, 2021

            14.6.2.1. By System Type

            14.6.2.2. By Compressor Units

            14.6.2.3. By End-user

    14.7. France

        14.7.1. Pricing Analysis

        14.7.2. Market Share Analysis, 2021

            14.7.2.1. By System Type

            14.7.2.2. By Compressor Units

            14.7.2.3. By End-user

    14.8. Spain

        14.8.1. Pricing Analysis

        14.8.2. Market Share Analysis, 2021

            14.8.2.1. By System Type

            14.8.2.2. By Compressor Units

            14.8.2.3. By End-user

    14.9. Italy

        14.9.1. Pricing Analysis

        14.9.2. Market Share Analysis, 2021

            14.9.2.1. By System Type

            14.9.2.2. By Compressor Units

            14.9.2.3. By End-user

    14.10. China

        14.10.1. Pricing Analysis

        14.10.2. Market Share Analysis, 2021

            14.10.2.1. By System Type

            14.10.2.2. By Compressor Units

            14.10.2.3. By End-user

    14.11. Japan

        14.11.1. Pricing Analysis

        14.11.2. Market Share Analysis, 2021

            14.11.2.1. By System Type

            14.11.2.2. By Compressor Units

            14.11.2.3. By End-user

    14.12. South Korea

        14.12.1. Pricing Analysis

        14.12.2. Market Share Analysis, 2021

            14.12.2.1. By System Type

            14.12.2.2. By Compressor Units

            14.12.2.3. By End-user

    14.13. Malaysia

        14.13.1. Pricing Analysis

        14.13.2. Market Share Analysis, 2021

            14.13.2.1. By System Type

            14.13.2.2. By Compressor Units

            14.13.2.3. By End-user

    14.14. Singapore

        14.14.1. Pricing Analysis

        14.14.2. Market Share Analysis, 2021

            14.14.2.1. By System Type

            14.14.2.2. By Compressor Units

            14.14.2.3. By End-user

    14.15. Australia

        14.15.1. Pricing Analysis

        14.15.2. Market Share Analysis, 2021

            14.15.2.1. By System Type

            14.15.2.2. By Compressor Units

            14.15.2.3. By End-user

    14.16. New Zealand

        14.16.1. Pricing Analysis

        14.16.2. Market Share Analysis, 2021

            14.16.2.1. By System Type

            14.16.2.2. By Compressor Units

            14.16.2.3. By End-user

    14.17. GCC Countries

        14.17.1. Pricing Analysis

        14.17.2. Market Share Analysis, 2021

            14.17.2.1. By System Type

            14.17.2.2. By Compressor Units

            14.17.2.3. By End-user

    14.18. South Africa

        14.18.1. Pricing Analysis

        14.18.2. Market Share Analysis, 2021

            14.18.2.1. By System Type

            14.18.2.2. By Compressor Units

            14.18.2.3. By End-user

    14.19. Israel

        14.19.1. Pricing Analysis

        14.19.2. Market Share Analysis, 2021

            14.19.2.1. By System Type

            14.19.2.2. By Compressor Units

            14.19.2.3. By End-user

15. Market Structure Analysis

    15.1. Competition Dashboard

    15.2. Competition Benchmarking

    15.3. Market Share Analysis of Top Players

        15.3.1. By Regional

        15.3.2. By System Type

        15.3.3. By Compressor Units

        15.3.4. By End-user

16. Competition Analysis

    16.1. Competition Deep Dive

        16.1.1. Daikin industries Ltd.

            16.1.1.1. Overview

            16.1.1.2. Product Portfolio

            16.1.1.3. Profitability by Market Segments

            16.1.1.4. Sales Footprint

            16.1.1.5. Strategy Overview

                16.1.1.5.1. Marketing Strategy

                16.1.1.5.2. Product Strategy

                16.1.1.5.3. Channel Strategy

        16.1.2. Fujitsu Ltd

            16.1.2.1. Overview

            16.1.2.2. Product Portfolio

            16.1.2.3. Profitability by Market Segments

            16.1.2.4. Sales Footprint

            16.1.2.5. Strategy Overview

                16.1.2.5.1. Marketing Strategy

                16.1.2.5.2. Product Strategy

                16.1.2.5.3. Channel Strategy

        16.1.3. Mitsubishi Electrical

            16.1.3.1. Overview

            16.1.3.2. Product Portfolio

            16.1.3.3. Profitability by Market Segments

            16.1.3.4. Sales Footprint

            16.1.3.5. Strategy Overview

                16.1.3.5.1. Marketing Strategy

                16.1.3.5.2. Product Strategy

                16.1.3.5.3. Channel Strategy

        16.1.4. Johnson Controls, Inc.

            16.1.4.1. Overview

            16.1.4.2. Product Portfolio

            16.1.4.3. Profitability by Market Segments

            16.1.4.4. Sales Footprint

            16.1.4.5. Strategy Overview

                16.1.4.5.1. Marketing Strategy

                16.1.4.5.2. Product Strategy

                16.1.4.5.3. Channel Strategy

        16.1.5. Toshiba Corporation

            16.1.5.1. Overview

            16.1.5.2. Product Portfolio

            16.1.5.3. Profitability by Market Segments

            16.1.5.4. Sales Footprint

            16.1.5.5. Strategy Overview

                16.1.5.5.1. Marketing Strategy

                16.1.5.5.2. Product Strategy

                16.1.5.5.3. Channel Strategy

        16.1.6. Ingersoll Rand Plc.

            16.1.6.1. Overview

            16.1.6.2. Product Portfolio

            16.1.6.3. Profitability by Market Segments

            16.1.6.4. Sales Footprint

            16.1.6.5. Strategy Overview

                16.1.6.5.1. Marketing Strategy

                16.1.6.5.2. Product Strategy

                16.1.6.5.3. Channel Strategy

        16.1.7. LG Electronics

            16.1.7.1. Overview

            16.1.7.2. Product Portfolio

            16.1.7.3. Profitability by Market Segments

            16.1.7.4. Sales Footprint

            16.1.7.5. Strategy Overview

                16.1.7.5.1. Marketing Strategy

                16.1.7.5.2. Product Strategy

                16.1.7.5.3. Channel Strategy

        16.1.8. Midea Group

            16.1.8.1. Overview

            16.1.8.2. Product Portfolio

            16.1.8.3. Profitability by Market Segments

            16.1.8.4. Sales Footprint

            16.1.8.5. Strategy Overview

                16.1.8.5.1. Marketing Strategy

                16.1.8.5.2. Product Strategy

                16.1.8.5.3. Channel Strategy

        16.1.9. Value (US$ Mn) & Volume (Units)ed Technologies Corporation

            16.1.9.1. Overview

            16.1.9.2. Product Portfolio

            16.1.9.3. Profitability by Market Segments

            16.1.9.4. Sales Footprint

            16.1.9.5. Strategy Overview

                16.1.9.5.1. Marketing Strategy

                16.1.9.5.2. Product Strategy

                16.1.9.5.3. Channel Strategy

        16.1.10. Lennox International Inc.

            16.1.10.1. Overview

            16.1.10.2. Product Portfolio

            16.1.10.3. Profitability by Market Segments

            16.1.10.4. Sales Footprint

            16.1.10.5. Strategy Overview

                16.1.10.5.1. Marketing Strategy

                16.1.10.5.2. Product Strategy

                16.1.10.5.3. Channel Strategy

17. Assumptions & Acronyms Used

18. Research Methodology

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List of Tables

Table 1: Global VRF Systems Market Value (US$ Mn) Forecast by Region, 2017-2032

Table 2: Global VRF Systems Market Volume (Units) Forecast by Region, 2017-2032

Table 3: Global VRF Systems Market Value (US$ Mn) Forecast by System Type, 2017-2032

Table 4: Global VRF Systems Market Volume (Units) Forecast by System Type, 2017-2032

Table 5: Global VRF Systems Market Value (US$ Mn) Forecast by Compressor Units, 2017-2032

Table 6: Global VRF Systems Market Volume (Units) Forecast by Compressor Units, 2017-2032

Table 7: Global VRF Systems Market Value (US$ Mn) Forecast by End-user, 2017-2032

Table 8: Global VRF Systems Market Volume (Units) Forecast by End-user, 2017-2032

Table 9: North America VRF Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 10: North America VRF Systems Market Volume (Units) Forecast by Country, 2017-2032

Table 11: North America VRF Systems Market Value (US$ Mn) Forecast by System Type, 2017-2032

Table 12: North America VRF Systems Market Volume (Units) Forecast by System Type, 2017-2032

Table 13: North America VRF Systems Market Value (US$ Mn) Forecast by Compressor Units, 2017-2032

Table 14: North America VRF Systems Market Volume (Units) Forecast by Compressor Units, 2017-2032

Table 15: North America VRF Systems Market Value (US$ Mn) Forecast by End-user, 2017-2032

Table 16: North America VRF Systems Market Volume (Units) Forecast by End-user, 2017-2032

Table 17: Latin America VRF Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 18: Latin America VRF Systems Market Volume (Units) Forecast by Country, 2017-2032

Table 19: Latin America VRF Systems Market Value (US$ Mn) Forecast by System Type, 2017-2032

Table 20: Latin America VRF Systems Market Volume (Units) Forecast by System Type, 2017-2032

Table 21: Latin America VRF Systems Market Value (US$ Mn) Forecast by Compressor Units, 2017-2032

Table 22: Latin America VRF Systems Market Volume (Units) Forecast by Compressor Units, 2017-2032

Table 23: Latin America VRF Systems Market Value (US$ Mn) Forecast by End-user, 2017-2032

Table 24: Latin America VRF Systems Market Volume (Units) Forecast by End-user, 2017-2032

Table 25: Europe VRF Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 26: Europe VRF Systems Market Volume (Units) Forecast by Country, 2017-2032

Table 27: Europe VRF Systems Market Value (US$ Mn) Forecast by System Type, 2017-2032

Table 28: Europe VRF Systems Market Volume (Units) Forecast by System Type, 2017-2032

Table 29: Europe VRF Systems Market Value (US$ Mn) Forecast by Compressor Units, 2017-2032

Table 30: Europe VRF Systems Market Volume (Units) Forecast by Compressor Units, 2017-2032

Table 31: Europe VRF Systems Market Value (US$ Mn) Forecast by End-user, 2017-2032

Table 32: Europe VRF Systems Market Volume (Units) Forecast by End-user, 2017-2032

Table 33: Asia Pacific VRF Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 34: Asia Pacific VRF Systems Market Volume (Units) Forecast by Country, 2017-2032

Table 35: Asia Pacific VRF Systems Market Value (US$ Mn) Forecast by System Type, 2017-2032

Table 36: Asia Pacific VRF Systems Market Volume (Units) Forecast by System Type, 2017-2032

Table 37: Asia Pacific VRF Systems Market Value (US$ Mn) Forecast by Compressor Units, 2017-2032

Table 38: Asia Pacific VRF Systems Market Volume (Units) Forecast by Compressor Units, 2017-2032

Table 39: Asia Pacific VRF Systems Market Value (US$ Mn) Forecast by End-user, 2017-2032

Table 40: Asia Pacific VRF Systems Market Volume (Units) Forecast by End-user, 2017-2032

Table 41: MEA VRF Systems Market Value (US$ Mn) Forecast by Country, 2017-2032

Table 42: MEA VRF Systems Market Volume (Units) Forecast by Country, 2017-2032

Table 43: MEA VRF Systems Market Value (US$ Mn) Forecast by System Type, 2017-2032

Table 44: MEA VRF Systems Market Volume (Units) Forecast by System Type, 2017-2032

Table 45: MEA VRF Systems Market Value (US$ Mn) Forecast by Compressor Units, 2017-2032

Table 46: MEA VRF Systems Market Volume (Units) Forecast by Compressor Units, 2017-2032

Table 47: MEA VRF Systems Market Value (US$ Mn) Forecast by End-user, 2017-2032

Table 48: MEA VRF Systems Market Volume (Units) Forecast by End-user, 2017-2032

Nikhil Kaitwade
Principal Consultant
LinkedIn
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List of Charts

Figure 1: Global VRF Systems Market Value (US$ Mn) by System Type, 2022-2032

Figure 2: Global VRF Systems Market Value (US$ Mn) by Compressor Units, 2022-2032

Figure 3: Global VRF Systems Market Value (US$ Mn) by End-user, 2022-2032

Figure 4: Global VRF Systems Market Value (US$ Mn) by Region, 2022-2032

Figure 5: Global VRF Systems Market Value (US$ Mn) Analysis by Region, 2017-2032

Figure 6: Global VRF Systems Market Volume (Units) Analysis by Region, 2017-2032

Figure 7: Global VRF Systems Market Value Share (%) and BPS Analysis by Region, 2022-2032

Figure 8: Global VRF Systems Market Y-o-Y Growth (%) Projections by Region, 2022-2032

Figure 9: Global VRF Systems Market Value (US$ Mn) Analysis by System Type, 2017-2032

Figure 10: Global VRF Systems Market Volume (Units) Analysis by System Type, 2017-2032

Figure 11: Global VRF Systems Market Value Share (%) and BPS Analysis by System Type, 2022-2032

Figure 12: Global VRF Systems Market Y-o-Y Growth (%) Projections by System Type, 2022-2032

Figure 13: Global VRF Systems Market Value (US$ Mn) Analysis by Compressor Units, 2017-2032

Figure 14: Global VRF Systems Market Volume (Units) Analysis by Compressor Units, 2017-2032

Figure 15: Global VRF Systems Market Value Share (%) and BPS Analysis by Compressor Units, 2022-2032

Figure 16: Global VRF Systems Market Y-o-Y Growth (%) Projections by Compressor Units, 2022-2032

Figure 17: Global VRF Systems Market Value (US$ Mn) Analysis by End-user, 2017-2032

Figure 18: Global VRF Systems Market Volume (Units) Analysis by End-user, 2017-2032

Figure 19: Global VRF Systems Market Value Share (%) and BPS Analysis by End-user, 2022-2032

Figure 20: Global VRF Systems Market Y-o-Y Growth (%) Projections by End-user, 2022-2032

Figure 21: Global VRF Systems Market Attractiveness by System Type, 2022-2032

Figure 22: Global VRF Systems Market Attractiveness by Compressor Units, 2022-2032

Figure 23: Global VRF Systems Market Attractiveness by End-user, 2022-2032

Figure 24: Global VRF Systems Market Attractiveness by Region, 2022-2032

Figure 25: North America VRF Systems Market Value (US$ Mn) by System Type, 2022-2032

Figure 26: North America VRF Systems Market Value (US$ Mn) by Compressor Units, 2022-2032

Figure 27: North America VRF Systems Market Value (US$ Mn) by End-user, 2022-2032

Figure 28: North America VRF Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 29: North America VRF Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 30: North America VRF Systems Market Volume (Units) Analysis by Country, 2017-2032

Figure 31: North America VRF Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 32: North America VRF Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 33: North America VRF Systems Market Value (US$ Mn) Analysis by System Type, 2017-2032

Figure 34: North America VRF Systems Market Volume (Units) Analysis by System Type, 2017-2032

Figure 35: North America VRF Systems Market Value Share (%) and BPS Analysis by System Type, 2022-2032

Figure 36: North America VRF Systems Market Y-o-Y Growth (%) Projections by System Type, 2022-2032

Figure 37: North America VRF Systems Market Value (US$ Mn) Analysis by Compressor Units, 2017-2032

Figure 38: North America VRF Systems Market Volume (Units) Analysis by Compressor Units, 2017-2032

Figure 39: North America VRF Systems Market Value Share (%) and BPS Analysis by Compressor Units, 2022-2032

Figure 40: North America VRF Systems Market Y-o-Y Growth (%) Projections by Compressor Units, 2022-2032

Figure 41: North America VRF Systems Market Value (US$ Mn) Analysis by End-user, 2017-2032

Figure 42: North America VRF Systems Market Volume (Units) Analysis by End-user, 2017-2032

Figure 43: North America VRF Systems Market Value Share (%) and BPS Analysis by End-user, 2022-2032

Figure 44: North America VRF Systems Market Y-o-Y Growth (%) Projections by End-user, 2022-2032

Figure 45: North America VRF Systems Market Attractiveness by System Type, 2022-2032

Figure 46: North America VRF Systems Market Attractiveness by Compressor Units, 2022-2032

Figure 47: North America VRF Systems Market Attractiveness by End-user, 2022-2032

Figure 48: North America VRF Systems Market Attractiveness by Country, 2022-2032

Figure 49: Latin America VRF Systems Market Value (US$ Mn) by System Type, 2022-2032

Figure 50: Latin America VRF Systems Market Value (US$ Mn) by Compressor Units, 2022-2032

Figure 51: Latin America VRF Systems Market Value (US$ Mn) by End-user, 2022-2032

Figure 52: Latin America VRF Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 53: Latin America VRF Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 54: Latin America VRF Systems Market Volume (Units) Analysis by Country, 2017-2032

Figure 55: Latin America VRF Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 56: Latin America VRF Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 57: Latin America VRF Systems Market Value (US$ Mn) Analysis by System Type, 2017-2032

Figure 58: Latin America VRF Systems Market Volume (Units) Analysis by System Type, 2017-2032

Figure 59: Latin America VRF Systems Market Value Share (%) and BPS Analysis by System Type, 2022-2032

Figure 60: Latin America VRF Systems Market Y-o-Y Growth (%) Projections by System Type, 2022-2032

Figure 61: Latin America VRF Systems Market Value (US$ Mn) Analysis by Compressor Units, 2017-2032

Figure 62: Latin America VRF Systems Market Volume (Units) Analysis by Compressor Units, 2017-2032

Figure 63: Latin America VRF Systems Market Value Share (%) and BPS Analysis by Compressor Units, 2022-2032

Figure 64: Latin America VRF Systems Market Y-o-Y Growth (%) Projections by Compressor Units, 2022-2032

Figure 65: Latin America VRF Systems Market Value (US$ Mn) Analysis by End-user, 2017-2032

Figure 66: Latin America VRF Systems Market Volume (Units) Analysis by End-user, 2017-2032

Figure 67: Latin America VRF Systems Market Value Share (%) and BPS Analysis by End-user, 2022-2032

Figure 68: Latin America VRF Systems Market Y-o-Y Growth (%) Projections by End-user, 2022-2032

Figure 69: Latin America VRF Systems Market Attractiveness by System Type, 2022-2032

Figure 70: Latin America VRF Systems Market Attractiveness by Compressor Units, 2022-2032

Figure 71: Latin America VRF Systems Market Attractiveness by End-user, 2022-2032

Figure 72: Latin America VRF Systems Market Attractiveness by Country, 2022-2032

Figure 73: Europe VRF Systems Market Value (US$ Mn) by System Type, 2022-2032

Figure 74: Europe VRF Systems Market Value (US$ Mn) by Compressor Units, 2022-2032

Figure 75: Europe VRF Systems Market Value (US$ Mn) by End-user, 2022-2032

Figure 76: Europe VRF Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 77: Europe VRF Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 78: Europe VRF Systems Market Volume (Units) Analysis by Country, 2017-2032

Figure 79: Europe VRF Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 80: Europe VRF Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 81: Europe VRF Systems Market Value (US$ Mn) Analysis by System Type, 2017-2032

Figure 82: Europe VRF Systems Market Volume (Units) Analysis by System Type, 2017-2032

Figure 83: Europe VRF Systems Market Value Share (%) and BPS Analysis by System Type, 2022-2032

Figure 84: Europe VRF Systems Market Y-o-Y Growth (%) Projections by System Type, 2022-2032

Figure 85: Europe VRF Systems Market Value (US$ Mn) Analysis by Compressor Units, 2017-2032

Figure 86: Europe VRF Systems Market Volume (Units) Analysis by Compressor Units, 2017-2032

Figure 87: Europe VRF Systems Market Value Share (%) and BPS Analysis by Compressor Units, 2022-2032

Figure 88: Europe VRF Systems Market Y-o-Y Growth (%) Projections by Compressor Units, 2022-2032

Figure 89: Europe VRF Systems Market Value (US$ Mn) Analysis by End-user, 2017-2032

Figure 90: Europe VRF Systems Market Volume (Units) Analysis by End-user, 2017-2032

Figure 91: Europe VRF Systems Market Value Share (%) and BPS Analysis by End-user, 2022-2032

Figure 92: Europe VRF Systems Market Y-o-Y Growth (%) Projections by End-user, 2022-2032

Figure 93: Europe VRF Systems Market Attractiveness by System Type, 2022-2032

Figure 94: Europe VRF Systems Market Attractiveness by Compressor Units, 2022-2032

Figure 95: Europe VRF Systems Market Attractiveness by End-user, 2022-2032

Figure 96: Europe VRF Systems Market Attractiveness by Country, 2022-2032

Figure 97: Asia Pacific VRF Systems Market Value (US$ Mn) by System Type, 2022-2032

Figure 98: Asia Pacific VRF Systems Market Value (US$ Mn) by Compressor Units, 2022-2032

Figure 99: Asia Pacific VRF Systems Market Value (US$ Mn) by End-user, 2022-2032

Figure 100: Asia Pacific VRF Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 101: Asia Pacific VRF Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 102: Asia Pacific VRF Systems Market Volume (Units) Analysis by Country, 2017-2032

Figure 103: Asia Pacific VRF Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 104: Asia Pacific VRF Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 105: Asia Pacific VRF Systems Market Value (US$ Mn) Analysis by System Type, 2017-2032

Figure 106: Asia Pacific VRF Systems Market Volume (Units) Analysis by System Type, 2017-2032

Figure 107: Asia Pacific VRF Systems Market Value Share (%) and BPS Analysis by System Type, 2022-2032

Figure 108: Asia Pacific VRF Systems Market Y-o-Y Growth (%) Projections by System Type, 2022-2032

Figure 109: Asia Pacific VRF Systems Market Value (US$ Mn) Analysis by Compressor Units, 2017-2032

Figure 110: Asia Pacific VRF Systems Market Volume (Units) Analysis by Compressor Units, 2017-2032

Figure 111: Asia Pacific VRF Systems Market Value Share (%) and BPS Analysis by Compressor Units, 2022-2032

Figure 112: Asia Pacific VRF Systems Market Y-o-Y Growth (%) Projections by Compressor Units, 2022-2032

Figure 113: Asia Pacific VRF Systems Market Value (US$ Mn) Analysis by End-user, 2017-2032

Figure 114: Asia Pacific VRF Systems Market Volume (Units) Analysis by End-user, 2017-2032

Figure 115: Asia Pacific VRF Systems Market Value Share (%) and BPS Analysis by End-user, 2022-2032

Figure 116: Asia Pacific VRF Systems Market Y-o-Y Growth (%) Projections by End-user, 2022-2032

Figure 117: Asia Pacific VRF Systems Market Attractiveness by System Type, 2022-2032

Figure 118: Asia Pacific VRF Systems Market Attractiveness by Compressor Units, 2022-2032

Figure 119: Asia Pacific VRF Systems Market Attractiveness by End-user, 2022-2032

Figure 120: Asia Pacific VRF Systems Market Attractiveness by Country, 2022-2032

Figure 121: MEA VRF Systems Market Value (US$ Mn) by System Type, 2022-2032

Figure 122: MEA VRF Systems Market Value (US$ Mn) by Compressor Units, 2022-2032

Figure 123: MEA VRF Systems Market Value (US$ Mn) by End-user, 2022-2032

Figure 124: MEA VRF Systems Market Value (US$ Mn) by Country, 2022-2032

Figure 125: MEA VRF Systems Market Value (US$ Mn) Analysis by Country, 2017-2032

Figure 126: MEA VRF Systems Market Volume (Units) Analysis by Country, 2017-2032

Figure 127: MEA VRF Systems Market Value Share (%) and BPS Analysis by Country, 2022-2032

Figure 128: MEA VRF Systems Market Y-o-Y Growth (%) Projections by Country, 2022-2032

Figure 129: MEA VRF Systems Market Value (US$ Mn) Analysis by System Type, 2017-2032

Figure 130: MEA VRF Systems Market Volume (Units) Analysis by System Type, 2017-2032

Figure 131: MEA VRF Systems Market Value Share (%) and BPS Analysis by System Type, 2022-2032

Figure 132: MEA VRF Systems Market Y-o-Y Growth (%) Projections by System Type, 2022-2032

Figure 133: MEA VRF Systems Market Value (US$ Mn) Analysis by Compressor Units, 2017-2032

Figure 134: MEA VRF Systems Market Volume (Units) Analysis by Compressor Units, 2017-2032

Figure 135: MEA VRF Systems Market Value Share (%) and BPS Analysis by Compressor Units, 2022-2032

Figure 136: MEA VRF Systems Market Y-o-Y Growth (%) Projections by Compressor Units, 2022-2032

Figure 137: MEA VRF Systems Market Value (US$ Mn) Analysis by End-user, 2017-2032

Figure 138: MEA VRF Systems Market Volume (Units) Analysis by End-user, 2017-2032

Figure 139: MEA VRF Systems Market Value Share (%) and BPS Analysis by End-user, 2022-2032

Figure 140: MEA VRF Systems Market Y-o-Y Growth (%) Projections by End-user, 2022-2032

Figure 141: MEA VRF Systems Market Attractiveness by System Type, 2022-2032

Figure 142: MEA VRF Systems Market Attractiveness by Compressor Units, 2022-2032

Figure 143: MEA VRF Systems Market Attractiveness by End-user, 2022-2032

Figure 144: MEA VRF Systems Market Attractiveness by Country, 2022-2032

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