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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Talk to AnalystWhat 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
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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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