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:
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.
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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