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Global Variable Refrigerant Flow System Market 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Advantages and disadvantages of VRF systems
      • Table Global VRF system market by end-users 2016-2021
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Global VRF system market 2016-2021 ($ billions)
      • Table Growth rate of floor space of completed buildings 2011-2015 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Global VRF system market: End-user segmentation 2016-2021
    • Global VRF system by commercial segment
      • Table Global VRF system market by commercial segment 2016-2021 ($ billions)
    • Global VRF system market by residential segment
      • Table Global VRF system market by residential segment 2016-2021 ($ billions)
      • Table New residential construction outlook in the Americas 2010-2016 (units in thousands)
  • Geographical segmentation
    • Market overview
      • Table Geographical segmentation of global VRF system market 2016 and 2021
    • APAC
      • Table VRF system market in APAC 2016-2021 ($ billions)
      • Table Growth rate of floor space of buildings under construction 2011-2015 (%)
    • EMEA
      • Table VRF system market in EMEA 2016-2021 ($ billions)
      • Table YoY construction activities in Europe by market segments 2014-2017 (%)
    • Americas
      • Table VRF system market in the Americas 2016-2021 ($ billions)
      • Table The US under-construction units, 2010-2016 (thousands of units)
      • Table Housing starts in Canada 2013-2016 (thousands of units)
      • Table New single-family houses with presence and absence of air conditioning 2010-2015 (% share)
      • Table New single-family houses built for sale with presence and absence of air conditioning 2010-2015 (% share)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global data center construction market 2016 and 2021 ($ billions)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
      • Table Annual growth rate of China's GDP 2008-2015 (%)
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Increase in use of low-GWP refrigerants
      • Table Global warming potential (GWP) and ozone depletion potential (ODP) of the refrigerants
    • Technological advancements in VRF
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors in VRF system market
  • Key vendor analysis
    • Daikin Industries
      • Table Products and services by Daikin Industries
      • Table VRF systems offered by Daikin Industries
    • Johnson Controls
      • Table Product Offerings by Johnson Controls
      • Table VRF system products offered by Johnson Controls
    • LG Electronics
      • Table Product offerings by LG Electronics
      • Table VRF systems by LG Electronics
    • Mitsubishi Electric
      • Table Products offered by Mitsubishi Electric
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Variable Refrigerant Flow System Market 2017-2021

About Variable Refrigerant Flow System

Variable refrigerant flow (VRF) is an HVAC technology, in which there is one outdoor condensing unit and multiple indoor units. In this technology, the amount of refrigerant flow is controlled depending on load conditions, thereby providing simultaneous heating and cooling for various zones and individual comfort control.

Technavio’s analysts forecast the global variable refrigerant flow system market to grow at a CAGR of 9.24% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global variable refrigerant flow system market for 2017-2021. To calculate the market size, the report considers the demand for VRF systems from various end-users.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Variable Refrigerant Flow System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Daikin Industries
  • Johnson Controls
  • LG Electronics
  • Mitsubishi Electric
Other prominent vendors
  • Airedale Cooling Services
  • Blue Star
  • FUJITSU GENERAL
  • Haier
  • Ingersoll Rand
  • Midea Group
  • Panasonic
  • SAMSUNG
  • UNITED TECHNOLOGIES
Market driver
  • Rising number of data centers
  • For a full, detailed list, view our report
Market challenge
  • Installation complexity
  • For a full, detailed list, view our report
Market trend
  • Technological advancements in VRF
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Variable Refrigerant Flow System Market 2017-2021

Technavio recognizes the following companies as the key players in the global variable refrigerant flow system market: Daikin Industries, Johnson Controls, LG Electronics, and Mitsubishi Electric.

Other Prominent Vendors in the market are: Airedale Cooling Services, Blue Star, FUJITSU GENERAL, Haier, Ingersoll Rand, Midea Group, Panasonic, SAMSUNG, and UNITED TECHNOLOGIES.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advancements in VRF. Increase in R&D investments by manufacturers will help in developing latest VRF systems for commercial and residential users, which are more efficient. Innovations in HVAC systems will transform the air conditioning by boosting the performance and energy efficiency, increasing the cooling speed, and maximizing the space.”

According to the report, one driver in the market is rising number of data centers. Overheating is one of the main concerns in data centers as it affects the productivity and increases the downtime. To overcome this issue, cooling systems are provided to maintain the temperature and enhance the efficiency of the data centers. Data centers is a highly-networked computer server that stores a large amount of data. The number of data centers has seen a substantial increase in the last few years and is expected to rise in the future.

Further, the report states that one challenge in the market is installation complexity. The installation of a VRF system has few pitfalls. There are four components in a VRF system, namely outdoor unit (condensing unit), the indoor unit (fan coils), refrigerant piping, and controlling unit. Manufacturers of VRF systems provide the installers with design programs that will produce piping diagrams that will illustrate the piping layout between the indoor and outdoor units.

Companies Mentioned

Daikin Industries, Johnson Controls, LG Electronics, and Mitsubishi Electric.Other Prominent Vendors in the market are: Airedale Cooling Services, Blue Star, FUJITSU GENERAL, Haier, Ingersoll Rand, Midea Group, Panasonic, SAMSUNG, and UNITED TECHNOLOGIES.

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