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
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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)
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 252 |
Published | April 2024 |
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 |