Quick Summary:
Navigating the continually evolving landscape of the global Variable Refrigerant Flow (VRF) Systems market requires an acute understanding of its trajectory and influential factors. This comprehensive research report, detailing the industry growth forecast through 2030, is the key investment you need to make informed decisions regarding your enterprise's strategic future. With the sector predicted to reach a sizeable US$41.3 billion by 2030, proactively understanding market trends and insights is more important than ever before.
Particularly focused on the Heat Pump Systems segment, this report will guide you through expected industry growth trends at an impressive 12.8% CAGR. Furthermore, an array of geographic markets including the U.S, China, Japan, Canada, and Germany are dissected to provide tailored insights and predictions. Prepare your business for a prosperous future in the VRF Systems market landscape with this indispensable report. Let us illuminate the path to your continued success.
Global Variable Refrigerant Flow (VRF) Systems Market to Reach $41.3 Billion by 2030
The global market for Variable Refrigerant Flow (VRF) Systems estimated at US$17.6 Billion in the year 2022, is projected to reach a revised size of US$41.3 Billion by 2030, growing at a CAGR of 11.3% over the analysis period 2022-2030. Heat Pump Systems, one of the segments analyzed in the report, is projected to record 12.8% CAGR and reach US$29 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Heat Recovery Systems segment is readjusted to a revised 8.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $4.6 Billion, While China is Forecast to Grow at 15.1% CAGR
The Variable Refrigerant Flow (VRF) Systems market in the U.S. is estimated at US$4.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10 Billion by the year 2030 trailing a CAGR of 15.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.6% and 9.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 8.6% CAGR.Select Competitors (Total 58 Featured) -
- Daikin Industries Ltd.
- Fujitsu General Ltd.
- Hitachi Ltd.
- Ingersoll-Rand PLC
- Lennox International, Inc.
- LG Electronics, Inc.
- Midea Group Co., Ltd.
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- United Technologies Corporation (UTC)
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Variable Refrigerant Flow (VRF) Systems?
What is the growth rate of the Global Market for Variable Refrigerant Flow (VRF) Systems?
What is the forecasted size of the Global Market for Variable Refrigerant Flow (VRF) Systems?
Who are the key companies in the Global Market for Variable Refrigerant Flow (VRF) Systems?
| Report Attribute | Details |
|---|---|
| No. of Pages | 252 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 17.6 Billion |
| Forecasted Market Value ( USD | $ 41.3 Billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Daikin Industries Ltd.
- Fujitsu General Ltd.
- Hitachi Ltd.
- Ingersoll-Rand PLC
- Lennox International, Inc.
- LG Electronics, Inc.
- Midea Group Co., Ltd.
- Mitsubishi Electric Corporation
- Panasonic Corporation
- Samsung Electronics Co., Ltd.
- United Technologies Corporation (UTC)
