VRF Systems Market is expected to reach 24.09 Billion USD by 2022

The report "VRF Systems Market by System Type (Heat Pump and Heat Recovery System), Component (Compressor, Invertor, Electronic Expansion Valve, Synchronous Electronic Motor and Installation services), Application, and Geography - Global Forecast to 2022", The variable refrigerant flow (VRF) systems market is estimated to reach USD 24.09 Billion by 2022, at a CAGR of 11.4% between 2016 and 2022. Factors driving the VRF systems market include increasing demand for improved energy-efficient devices and lower environmental impact due to use of low global warming potential refrigerant, growing construction activities, and increased legislation & energy management initiatives for increasing the adoption of VRF systems.

PDF Sample Download :-

Browse 99 market data Tables and 90 Figures spread through 189 Pages and in-depth TOC on "VRF Systems Market - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.

Commercial segment is expected to hold the largest share of the VRF systems market during the forecast period

The market for the commercial segment is expected to grow at a higher rate compared to the residential buildings and transportation applications segments. The main driving factor for the commercial buildings market is revival in construction activities and enhanced focus on energy-efficient technologies and products. VRF systems are used in most commercial buildings, ranging from small shops and cafes to large office buildings and public spaces. The major reason accelerating the market is growing need for energy-efficient systems according to the environment and occupancy in the building which decides the need for VRF systems. VRF systems have the ability to condition multiple zones in a building, each of which may have different heating and cooling needs.

The heat Pump VRF systems market is expected to have a high growth between 2016 and 2022

The heat pump VRF systems are expected to grow with the highest growth rate during the forecast period. This is mainly due to the fact that they deliver the benefit of two to more controls in a single device. VRF zoning ensures that energy is only used to cool or warm the occupied offices. Quiet indoor unit and precise temperature control creates the most comfortable and productive work environment.

Market in North America is expected to grow at the highest CAGR during the forecast period

The implementation of VRF systems is increasing in North America due to the rising necessity for high-quality products associated with the increased demand for energy-efficient devices and increasing construction activities. It also helps in the reducing the energy consumption as well as the cost required for the energy. Implementation of VRF systems are expected to help in improving the efficiency in residential as well as commercial buildings. Accelerating demand from residential, commercial, and industrial segments in North America is driving the growth of the (VRF) market. Tremendous development in infrastructure is expected to boost the (VRF) market in this region.

Make an Enquiry :-

Companies involved in the development of VRF systems include Daikin industries Ltd. (Japan) , LG Electronics (South Korea), Mitsubishi Electrical (Japan), Midea Group (China), Fujitsu General Corporation (Japan), Johnson Controls, Inc. (U.S.), Lennox International Inc. (U.S.), Toshiba Corporation (Japan), Ingersoll Rand Plc. (Ireland) and United Technologies Corporation (U.S.).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Mr. Rohan          

Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India

Visit MarketsandMarkets Blog@
Connect with us on LinkedIn @
Website :-