Report Code: A03089 | Nov 2023 | Pages: NA | ||
Tables: NA | Charts: NA |
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Request Now !A variable refrigerant flow (VRF) system comprises a multi-split refrigerant solution that contains multiple indoor evaporators connected to a single condensing unit. These systems serve a larger capacity and accordingly control the refrigerant flow, thereby enhancing energy efficiency. These systems are mainly applicable in the commercial sector with further applications such as buildings, educational institutions, healthcare facilities, hotels, and restaurants. Implementation of these systems improves the efficiency and increases the power savings of HVAC systems.
The global VRF systems market is driven by increase in demand for energy-efficient resources, along with awareness for environmental impact, and surge in construction activities. However, high cost of investment and lack of awareness about the benefits of VRF systems hinder the market growth.
The global VRF system market is segmented based on type, component, application, and geography. On the basis of type, it is bifurcated into heat pump systems and heat recovery systems. Based on component, the market is classified into outdoor units, indoor units, and installation services. The application segment includes residential, commercial, and rail & air transportation. Geographically, the market is analyzed across North America, Asia-Pacific, Europe, and LAMEA.
The key players operating in the market are LG Electronics, Mitsubishi Electrical, Daikin Industries Ltd., Midea Group, Fujitsu General Corporations, Johnson Controls, Inc., Toshiba Corporation, Lennox International Inc., United Technologies Corporation, and Ingersoll Rand PLC.
Key Benefits
VRF Systems Market Report Highlights
Aspects | Details |
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By Component |
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By Application |
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By Region |
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Key Market Players | Ingersoll Rand PLC, United Technologies Corporation, Lennox International Inc., LG Electronics, Johnson Controls, Inc., Mitsubishi Electrical, Toshiba Corporation, Daikin Industries Ltd., Midea Group, Fujitsu General Corporations |
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