Global VRF System Market to reach USD 40.6 billion by 2027.

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
Product Code:  EESAC_30391095
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 Government incentives through tax credit programs High energy-saving potential as well as easy and minimum maintenance requirements of VRF systems Growing construction industry and easing of norms of FDI for construction and real estate sectors
3.1.2. Market Restraint High installation cost
3.1.3. Market Opportunities 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 Components breakdown estimates & forecasts, 2018-2027 Capacity breakdown estimates & forecasts, 2018-2027 System Type breakdown estimates & forecasts, 2018-2027 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 Key Information Overview Financial (Subject to Data Availability) Product Summary 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

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:

Ingersoll Rand
Samsung Electronics
United Technologies
Mitsubishi Electric
Johnson Controls
LG Electronics

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:
By Region:
North America

Asia Pacific
South Korea
Latin America
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

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