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Global VRF System Market Research Report 2025
Synopsis
Variable refrigerant flow (VRF), also known as variable refrigerant volume (VRV), is an HVAC technology invented by Daikin Industries, Ltd. in 1982.[1] Like ductless minisplits, VRFs use refrigerant as the cooling and heating medium. This refrigerant is conditioned by a single outdoor condensing unit, and is circulated within the building to multiple indoor units.
The global VRF System market was valued at US$ 20090 million in 2023 and is anticipated to reach US$ 42540 million by 2030, witnessing a CAGR of 11.1% during the forecast period 2024-2030.
Growth is attributed to technological advancements in VRF systems and the increasing adoption of VRF technology for residential and commercial applications in North America.
This report aims to provide a comprehensive presentation of the global market for VRF System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding VRF System.
Report Scope
The VRF System market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global VRF System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the VRF System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Johnson
LG Electronics
Toshiba
Fujitsu group
Mitsubishi Electric
Midea Group
Ingersoll Rand
Lennox International
Panasonic
Samsung Electronics
Gree
Carrier
Segment by Type
Outdoor Units
Indoor Units
Control Systems and Accessories
Segment by Application
Commercial
Residential
Others (Metro Stations, Railway Stations, and Airports)
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of VRF System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of VRF System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of VRF System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Variable refrigerant flow (VRF), also known as variable refrigerant volume (VRV), is an HVAC technology invented by Daikin Industries, Ltd. in 1982.[1] Like ductless minisplits, VRFs use refrigerant as the cooling and heating medium. This refrigerant is conditioned by a single outdoor condensing unit, and is circulated within the building to multiple indoor units.
The global VRF System market was valued at US$ 20090 million in 2023 and is anticipated to reach US$ 42540 million by 2030, witnessing a CAGR of 11.1% during the forecast period 2024-2030.
Growth is attributed to technological advancements in VRF systems and the increasing adoption of VRF technology for residential and commercial applications in North America.
This report aims to provide a comprehensive presentation of the global market for VRF System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding VRF System.
Report Scope
The VRF System market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global VRF System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the VRF System manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Johnson
LG Electronics
Toshiba
Fujitsu group
Mitsubishi Electric
Midea Group
Ingersoll Rand
Lennox International
Panasonic
Samsung Electronics
Gree
Carrier
Segment by Type
Outdoor Units
Indoor Units
Control Systems and Accessories
Segment by Application
Commercial
Residential
Others (Metro Stations, Railway Stations, and Airports)
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of VRF System manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of VRF System by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of VRF System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 VRF System Market Overview
1.1 Product Definition
1.2 VRF System Segment by Type
1.2.1 Global VRF System Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Outdoor Units
1.2.3 Indoor Units
1.2.4 Control Systems and Accessories
1.3 VRF System Segment by Application
1.3.1 Global VRF System Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Commercial
1.3.3 Residential
1.3.4 Others (Metro Stations, Railway Stations, and Airports)
1.4 Global Market Growth Prospects
1.4.1 Global VRF System Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global VRF System Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global VRF System Production Estimates and Forecasts (2019-2030)
1.4.4 Global VRF System Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global VRF System Production Market Share by Manufacturers (2019-2024)
2.2 Global VRF System Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of VRF System, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global VRF System Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global VRF System Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of VRF System, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of VRF System, Product Offered and Application
2.8 Global Key Manufacturers of VRF System, Date of Enter into This Industry
2.9 VRF System Market Competitive Situation and Trends
2.9.1 VRF System Market Concentration Rate
2.9.2 Global 5 and 10 Largest VRF System Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 VRF System Production by Region
3.1 Global VRF System Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global VRF System Production Value by Region (2019-2030)
3.2.1 Global VRF System Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of VRF System by Region (2025-2030)
3.3 Global VRF System Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global VRF System Production by Region (2019-2030)
3.4.1 Global VRF System Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of VRF System by Region (2025-2030)
3.5 Global VRF System Market Price Analysis by Region (2019-2024)
3.6 Global VRF System Production and Value, Year-over-Year Growth
3.6.1 North America VRF System Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe VRF System Production Value Estimates and Forecasts (2019-2030)
3.6.3 China VRF System Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan VRF System Production Value Estimates and Forecasts (2019-2030)
4 VRF System Consumption by Region
4.1 Global VRF System Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global VRF System Consumption by Region (2019-2030)
4.2.1 Global VRF System Consumption by Region (2019-2024)
4.2.2 Global VRF System Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America VRF System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America VRF System Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe VRF System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe VRF System Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific VRF System Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific VRF System Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa VRF System Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa VRF System Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global VRF System Production by Type (2019-2030)
5.1.1 Global VRF System Production by Type (2019-2024)
5.1.2 Global VRF System Production by Type (2025-2030)
5.1.3 Global VRF System Production Market Share by Type (2019-2030)
5.2 Global VRF System Production Value by Type (2019-2030)
5.2.1 Global VRF System Production Value by Type (2019-2024)
5.2.2 Global VRF System Production Value by Type (2025-2030)
5.2.3 Global VRF System Production Value Market Share by Type (2019-2030)
5.3 Global VRF System Price by Type (2019-2030)
6 Segment by Application
6.1 Global VRF System Production by Application (2019-2030)
6.1.1 Global VRF System Production by Application (2019-2024)
6.1.2 Global VRF System Production by Application (2025-2030)
6.1.3 Global VRF System Production Market Share by Application (2019-2030)
6.2 Global VRF System Production Value by Application (2019-2030)
6.2.1 Global VRF System Production Value by Application (2019-2024)
6.2.2 Global VRF System Production Value by Application (2025-2030)
6.2.3 Global VRF System Production Value Market Share by Application (2019-2030)
6.3 Global VRF System Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Johnson
7.1.1 Johnson VRF System Corporation Information
7.1.2 Johnson VRF System Product Portfolio
7.1.3 Johnson VRF System Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Johnson Main Business and Markets Served
7.1.5 Johnson Recent Developments/Updates
7.2 LG Electronics
7.2.1 LG Electronics VRF System Corporation Information
7.2.2 LG Electronics VRF System Product Portfolio
7.2.3 LG Electronics VRF System Production, Value, Price and Gross Margin (2019-2024)
7.2.4 LG Electronics Main Business and Markets Served
7.2.5 LG Electronics Recent Developments/Updates
7.3 Toshiba
7.3.1 Toshiba VRF System Corporation Information
7.3.2 Toshiba VRF System Product Portfolio
7.3.3 Toshiba VRF System Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Toshiba Main Business and Markets Served
7.3.5 Toshiba Recent Developments/Updates
7.4 Fujitsu group
7.4.1 Fujitsu group VRF System Corporation Information
7.4.2 Fujitsu group VRF System Product Portfolio
7.4.3 Fujitsu group VRF System Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Fujitsu group Main Business and Markets Served
7.4.5 Fujitsu group Recent Developments/Updates
7.5 Mitsubishi Electric
7.5.1 Mitsubishi Electric VRF System Corporation Information
7.5.2 Mitsubishi Electric VRF System Product Portfolio
7.5.3 Mitsubishi Electric VRF System Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Mitsubishi Electric Main Business and Markets Served
7.5.5 Mitsubishi Electric Recent Developments/Updates
7.6 Midea Group
7.6.1 Midea Group VRF System Corporation Information
7.6.2 Midea Group VRF System Product Portfolio
7.6.3 Midea Group VRF System Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Midea Group Main Business and Markets Served
7.6.5 Midea Group Recent Developments/Updates
7.7 Ingersoll Rand
7.7.1 Ingersoll Rand VRF System Corporation Information
7.7.2 Ingersoll Rand VRF System Product Portfolio
7.7.3 Ingersoll Rand VRF System Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Ingersoll Rand Main Business and Markets Served
7.7.5 Ingersoll Rand Recent Developments/Updates
7.8 Lennox International
7.8.1 Lennox International VRF System Corporation Information
7.8.2 Lennox International VRF System Product Portfolio
7.8.3 Lennox International VRF System Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Lennox International Main Business and Markets Served
7.7.5 Lennox International Recent Developments/Updates
7.9 Panasonic
7.9.1 Panasonic VRF System Corporation Information
7.9.2 Panasonic VRF System Product Portfolio
7.9.3 Panasonic VRF System Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Panasonic Main Business and Markets Served
7.9.5 Panasonic Recent Developments/Updates
7.10 Samsung Electronics
7.10.1 Samsung Electronics VRF System Corporation Information
7.10.2 Samsung Electronics VRF System Product Portfolio
7.10.3 Samsung Electronics VRF System Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Samsung Electronics Main Business and Markets Served
7.10.5 Samsung Electronics Recent Developments/Updates
7.11 Gree
7.11.1 Gree VRF System Corporation Information
7.11.2 Gree VRF System Product Portfolio
7.11.3 Gree VRF System Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Gree Main Business and Markets Served
7.11.5 Gree Recent Developments/Updates
7.12 Carrier
7.12.1 Carrier VRF System Corporation Information
7.12.2 Carrier VRF System Product Portfolio
7.12.3 Carrier VRF System Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Carrier Main Business and Markets Served
7.12.5 Carrier Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 VRF System Industry Chain Analysis
8.2 VRF System Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 VRF System Production Mode & Process
8.4 VRF System Sales and Marketing
8.4.1 VRF System Sales Channels
8.4.2 VRF System Distributors
8.5 VRF System Customers
9 VRF System Market Dynamics
9.1 VRF System Industry Trends
9.2 VRF System Market Drivers
9.3 VRF System Market Challenges
9.4 VRF System Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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