Global Variable Refrigerant Flow System Market 2017-2021

This market research study identifies Daikin Industries, Johnson Controls, LG Electronics, and Mitsubishi Electric as the leading players in the global variable refrigerant flow system market. A comprehensive analysis of this market is also presented by end-user (commercial, residential, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global variable refrigerant flow system market

According to Technavio’s market research report, the global variable refrigerant flow system market will grow at a CAGR of more than 9% during the forecast period. The increasing demand for energy-efficient equipment will be one of the key drivers for the market’s growth during the estimated period. The efficiency of an air conditioner is measured in terms of energy efficient ratio (EER) and seasonal energy efficient ratio (SEER). Manufacturers are increasingly focusing on the development of variable refrigerant flow (VRF) systems with high EER and SEER ratings to enhance the efficiency of these systems. The demand for such energy-efficient air conditioners will continue to increase due to the growing environmental concerns and the need to reduce the operational cost.  Energy-efficient air conditioners reduce costs by approximately 20% to 30%. This will drive the demand for VRF technology that offers highly flexible operations and high energy efficiency. They are easy to install and exhibit low noise level because they use variable speed drives, heat recovery, and refrigerant piping technology. One of the key trends that will gain traction in the variable refrigerant flow system market is the increasing use of low global warming potential (GWP) refrigerants. The growing demand for high energy efficient systems is encouraging a large number of companies to develop products that balance the use of refrigerants with low GWP. This in turn, will fuel the demand for variable refrigerant flow systems across the globe.

Competitive landscape and key vendors

The VRF system market is highly competitive due to the presence of a large number of manufacturers. Vendors are trying to remain competitive in the market by focusing on the development of innovative products and through competitive pricing. These vendors are increasingly competing against each other based on factors such as customer service, pricing optimization, inventory management, and distribution optimization. Key vendors in this market are -
  • Daikin Industries
  • Johnson Controls
  • LG Electronics
  • Mitsubishi Electric
Other prominent vendors in the market include Airedale Cooling Services, Blue Star, FUJITSU GENERAL, Haier, Ingersoll Rand, Midea Group, Panasonic, SAMSUNG, and UNITED TECHNOLOGIES.

Segmentation by end-user and analysis of the variable refrigerant flow system market

  • Commercial
  • Residential
The commercial segment includes office setups, data centers, high-rise buildings, hospitals, and hotels. The changing trends of urbanization and industrialization will drive the commercial construction segment in the developing markets. The segment will be the largest end-user during the estimated period due to the growth in the data center and the healthcare markets.

Segmentation by geography and analysis of the variable refrigerant flow system market

  • Americas
  • APAC
  • EMEA
APAC accounted for the majority market shares during 2016 due to the increasing urbanization and the changing climatic conditions. Global players such as Daikin, Mitsubishi Electric, and Hitachi are attempting to strengthen their leading positions by developing diverse and advanced VRF systems. This will drive the demand for VRF systems in the region during the predicted period.   Read More
Find out more on our website about: Haier, Daikin

Related News


generated: 0.0171