The VRF System Market was valued at approximately US$ 21.65 billion in 2023 and is projected to grow to around US$ 54.09 billion by 2031. This market is anticipated to experience a compound annual growth rate (CAGR) of 12.1% from 2023 through 2031.
In Europe, the VRF system market is divided into several key regions, including Germany, Russia, France, the UK, Italy, and other parts of Europe. The growth of this market in Europe is primarily fueled by an increase in residential construction projects and stricter government regulations aimed at enhancing energy efficiency. Countries like Germany, the UK, and France have implemented policies that emphasize energy efficiency and the adoption of eco-friendly refrigerants, which are expected to boost the demand for VRF systems. Notably, in July 2022, the European Commission revised the F-Gas Regulation to enforce stringent guidelines on refrigerant usage. The commonly used HFC refrigerant in VRF systems, R410A, is being gradually replaced by HFC-32, which offers several advantages in minimizing the environmental impact of air conditioning. HFC-32 is recognized for not depleting the ozone layer.
The Smart Buildings Alliance (SBA) in France comprises 170 member organizations from diverse sectors within the building industry, including industrial firms, builders, developers, service providers, design firms, architects, and innovative startups. Numerous initiatives are underway to foster sustainable building practices across Europe. A significant number of European companies have pledged to achieve net-zero CO2 emissions in their buildings through the implementation of VRF systems. Major stakeholders in the construction sector, such as Deerns, BuroHappold, Grimshaw Architects, and Carbon Credentials, have joined cities like Helsinki and Valladolid in endorsing the World Green Building Council's Net Zero Carbon Buildings Commitment. Additionally, in December 2023, the European Commission formalized an agreement aimed at reducing emissions and energy consumption in buildings throughout the region. The goal is to lower the average primary energy consumption of residential buildings by 16% by 2030 and by 20-22% by 2035. These initiatives are significantly contributing to the positive trajectory of the VRF system market in Europe.
The market is categorized by system type into heat pump, heat recovery, and cooling-only systems. The heat pump segment dominated the VRF system market in 2023. Heat pump VRF systems are the most prevalent type, capable of either heating or cooling a building, but not both simultaneously. In heating mode, these systems extract heat from the outside air and transfer it indoors using refrigerant. Conversely, in cooling mode, they remove heat from the indoor air and expel it outside. These systems are particularly suitable for environments where either heating or cooling is required at different times throughout the building. They are commonly utilized in office buildings, retail spaces, and residential properties where consistent temperature control is necessary across various areas. Heat pump systems are known for their energy efficiency, thanks to the variable-speed compressor that adjusts refrigerant flow according to demand. Furthermore, they are easier to install and maintain compared to more intricate VRF systems.
Key players in the VRF System Market include FUJITSU GENERAL, Daikin Industries Ltd, Johnson Controls International Plc, Carrier Global Corp., LG Electronics Inc., Panasonic Holdings Corp., Samsung Electronics Co Ltd., Mitsubishi Electric Corp., Midea Group Co Ltd., Lennox International Inc., Blue Star Ltd., Yanmar Holdings Co Ltd., Trane Technologies Plc, Systemair AB, Voltas Ltd., and Robert Bosch GmbH. The market report also examines several other significant companies to provide a comprehensive overview of the VRF System Market and its ecosystem.
The overall market share for VRF systems has been determined through a combination of primary and secondary research methods. Extensive secondary research has been conducted utilizing both internal and external sources to gather qualitative and quantitative data related to the VRF System Market. This approach aids in forming a comprehensive overview and forecast of the market across all segments. Additionally, numerous primary interviews have been carried out with industry stakeholders to validate the findings and obtain analytical insights. This process includes discussions with industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the VRF System Market.
TABLE OF CONTENTS
1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. VRF System Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. VRF System Market - Key Market Dynamics
5.1 VRF System Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Pressing Need for Energy Efficiency and Conservation
5.2.2 Diversifying Applications Across Various Industries
5.3 Market Restraints
5.3.1 Elevated Upfront Costs
5.4 Market Opportunities
5.4.1 Pairing Building Automation and VRF Systems
5.4.2 Explicit Regulatory Standards
5.4.3 5.4.1 Pipeline of High-End Construction Projects
5.5 Future Trends
5.5.1 VRF System Integration with Home Automation
5.6 Impact of Drivers and Restraints:
6. VRF System Market - Global Market Analysis
6.1 VRF System Market Revenue (US$ Million), 2021-2031
6.2 VRF System Market Forecast Analysis
7. VRF System Market Analysis - by Component
7.1 Indoor Units
7.1.1 Overview
7.1.2 Indoor Units: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Outdoor Units
7.2.1 Overview
7.2.2 Outdoor Units: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Control Systems and Accessories
7.3.1 Overview
7.3.2 Control Systems and Accessories: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
8. VRF System Market Analysis - by System Type
8.1 Heat Pump
8.1.1 Overview
8.1.2 Heat Pump: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Heat Recovery
8.2.1 Overview
8.2.2 Heat Recovery: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Cooling Only
8.3.1 Overview
8.3.2 Cooling Only: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
9. VRF System Market Analysis - by Applications
9.1 Commercial
9.1.1 Overview
9.1.2 Commercial: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Industrial
9.2.1 Overview
9.2.2 Industrial: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Residential
9.3.1 Overview
9.3.2 Residential: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10. VRF System Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America VRF System Market Overview
10.2.2 North America: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: VRF System Market Breakdown, by Component
10.2.3.1 North America: VRF System Market - Revenue and Forecast Analysis - by Component
10.2.4 North America: VRF System Market Breakdown, by System Type
10.2.4.1 North America: VRF System Market - Revenue and Forecast Analysis - by System Type
10.2.5 North America: VRF System Market Breakdown, by Applications
10.2.5.1 North America: VRF System Market - Revenue and Forecast Analysis - by Applications
10.2.6 North America: VRF System Market - Revenue and Forecast Analysis - by Country
10.2.6.1 North America: VRF System Market - Revenue and Forecast Analysis - by Country
10.2.6.2 United States: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: VRF System Market Breakdown, by Component
10.2.6.2.2 United States: VRF System Market Breakdown, by System Type
10.2.6.2.3 United States: VRF System Market Breakdown, by Applications
10.2.6.3 Canada: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: VRF System Market Breakdown, by Component
10.2.6.3.2 Canada: VRF System Market Breakdown, by System Type
10.2.6.3.3 Canada: VRF System Market Breakdown, by Applications
10.2.6.4 Mexico: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: VRF System Market Breakdown, by Component
10.2.6.4.2 Mexico: VRF System Market Breakdown, by System Type
10.2.6.4.3 Mexico: VRF System Market Breakdown, by Applications
10.3 Europe
10.3.1 Europe VRF System Market Overview
10.3.2 Europe: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: VRF System Market Breakdown, by Component
10.3.3.1 Europe: VRF System Market - Revenue and Forecast Analysis - by Component
10.3.4 Europe: VRF System Market Breakdown, by System Type
10.3.4.1 Europe: VRF System Market - Revenue and Forecast Analysis - by System Type
10.3.5 Europe: VRF System Market Breakdown, by Applications
10.3.5.1 Europe: VRF System Market - Revenue and Forecast Analysis - by Applications
10.3.6 Europe: VRF System Market - Revenue and Forecast Analysis - by Country
10.3.6.1 Europe: VRF System Market - Revenue and Forecast Analysis - by Country
10.3.6.2 France: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 France: VRF System Market Breakdown, by Component
10.3.6.2.2 France: VRF System Market Breakdown, by System Type
10.3.6.2.3 France: VRF System Market Breakdown, by Applications
10.3.6.3 Germany: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 Germany: VRF System Market Breakdown, by Component
10.3.6.3.2 Germany: VRF System Market Breakdown, by System Type
10.3.6.3.3 Germany: VRF System Market Breakdown, by Applications
10.3.6.4 United Kingdom: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 United Kingdom: VRF System Market Breakdown, by Component
10.3.6.4.2 United Kingdom: VRF System Market Breakdown, by System Type
10.3.6.4.3 United Kingdom: VRF System Market Breakdown, by Applications
10.3.6.5 Italy: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 Italy: VRF System Market Breakdown, by Component
10.3.6.5.2 Italy: VRF System Market Breakdown, by System Type
10.3.6.5.3 Italy: VRF System Market Breakdown, by Applications
10.3.6.6 Russian Federation: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Russian Federation: VRF System Market Breakdown, by Component
10.3.6.6.2 Russian Federation: VRF System Market Breakdown, by System Type
10.3.6.6.3 Russian Federation: VRF System Market Breakdown, by Applications
10.3.6.7 Rest of Europe: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: VRF System Market Breakdown, by Component
10.3.6.7.2 Rest of Europe: VRF System Market Breakdown, by System Type
10.3.6.7.3 Rest of Europe: VRF System Market Breakdown, by Applications
10.4 Asia Pacific
10.4.1 Asia Pacific VRF System Market Overview
10.4.2 Asia Pacific: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: VRF System Market Breakdown, by Component
10.4.3.1 Asia Pacific: VRF System Market - Revenue and Forecast Analysis - by Component
10.4.4 Asia Pacific: VRF System Market Breakdown, by System Type
10.4.4.1 Asia Pacific: VRF System Market - Revenue and Forecast Analysis - by System Type
10.4.5 Asia Pacific: VRF System Market Breakdown, by Applications
10.4.5.1 Asia Pacific: VRF System Market - Revenue and Forecast Analysis - by Applications
10.4.6 Asia Pacific: VRF System Market - Revenue and Forecast Analysis - by Country
10.4.6.1 Asia Pacific: VRF System Market - Revenue and Forecast Analysis - by Country
10.4.6.2 Australia: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 Australia: VRF System Market Breakdown, by Component
10.4.6.2.2 Australia: VRF System Market Breakdown, by System Type
10.4.6.2.3 Australia: VRF System Market Breakdown, by Applications
10.4.6.3 China: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 China: VRF System Market Breakdown, by Component
10.4.6.3.2 China: VRF System Market Breakdown, by System Type
10.4.6.3.3 China: VRF System Market Breakdown, by Applications
10.4.6.4 India: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: VRF System Market Breakdown, by Component
10.4.6.4.2 India: VRF System Market Breakdown, by System Type
10.4.6.4.3 India: VRF System Market Breakdown, by Applications
10.4.6.5 Japan: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Japan: VRF System Market Breakdown, by Component
10.4.6.5.2 Japan: VRF System Market Breakdown, by System Type
10.4.6.5.3 Japan: VRF System Market Breakdown, by Applications
10.4.6.6 South Korea: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: VRF System Market Breakdown, by Component
10.4.6.6.2 South Korea: VRF System Market Breakdown, by System Type
10.4.6.6.3 South Korea: VRF System Market Breakdown, by Applications
10.4.6.7 Rest of APAC: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of APAC: VRF System Market Breakdown, by Component
10.4.6.7.2 Rest of APAC: VRF System Market Breakdown, by System Type
10.4.6.7.3 Rest of APAC: VRF System Market Breakdown, by Applications
10.5 Middle East and Africa
10.5.1 Middle East and Africa VRF System Market Overview
10.5.2 Middle East and Africa: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: VRF System Market Breakdown, by Component
10.5.3.1 Middle East and Africa: VRF System Market - Revenue and Forecast Analysis - by Component
10.5.4 Middle East and Africa: VRF System Market Breakdown, by System Type
10.5.4.1 Middle East and Africa: VRF System Market - Revenue and Forecast Analysis - by System Type
10.5.5 Middle East and Africa: VRF System Market Breakdown, by Applications
10.5.5.1 Middle East and Africa: VRF System Market - Revenue and Forecast Analysis - by Applications
10.5.6 Middle East and Africa: VRF System Market - Revenue and Forecast Analysis - by Country
10.5.6.1 Middle East and Africa: VRF System Market - Revenue and Forecast Analysis - by Country
10.5.6.2 South Africa: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: VRF System Market Breakdown, by Component
10.5.6.2.2 South Africa: VRF System Market Breakdown, by System Type
10.5.6.2.3 South Africa: VRF System Market Breakdown, by Applications
10.5.6.3 Saudi Arabia: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: VRF System Market Breakdown, by Component
10.5.6.3.2 Saudi Arabia: VRF System Market Breakdown, by System Type
10.5.6.3.3 Saudi Arabia: VRF System Market Breakdown, by Applications
10.5.6.4 United Arab Emirates: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 United Arab Emirates: VRF System Market Breakdown, by Component
10.5.6.4.2 United Arab Emirates: VRF System Market Breakdown, by System Type
10.5.6.4.3 United Arab Emirates: VRF System Market Breakdown, by Applications
10.5.6.5 Rest of Middle East and Africa: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: VRF System Market Breakdown, by Component
10.5.6.5.2 Rest of Middle East and Africa: VRF System Market Breakdown, by System Type
10.5.6.5.3 Rest of Middle East and Africa: VRF System Market Breakdown, by Applications
10.6 South and Central America
10.6.1 South and Central America VRF System Market Overview
10.6.2 South and Central America: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: VRF System Market Breakdown, by Component
10.6.3.1 South and Central America: VRF System Market - Revenue and Forecast Analysis - by Component
10.6.4 South and Central America: VRF System Market Breakdown, by System Type
10.6.4.1 South and Central America: VRF System Market - Revenue and Forecast Analysis - by System Type
10.6.5 South and Central America: VRF System Market Breakdown, by Applications
10.6.5.1 South and Central America: VRF System Market - Revenue and Forecast Analysis - by Applications
10.6.6 South and Central America: VRF System Market - Revenue and Forecast Analysis - by Country
10.6.6.1 South and Central America: VRF System Market - Revenue and Forecast Analysis - by Country
10.6.6.2 Brazil: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: VRF System Market Breakdown, by Component
10.6.6.2.2 Brazil: VRF System Market Breakdown, by System Type
10.6.6.2.3 Brazil: VRF System Market Breakdown, by Applications
10.6.6.3 Argentina: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: VRF System Market Breakdown, by Component
10.6.6.3.2 Argentina: VRF System Market Breakdown, by System Type
10.6.6.3.3 Argentina: VRF System Market Breakdown, by Applications
10.6.6.4 Rest of South and Central America: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: VRF System Market Breakdown, by Component
10.6.6.4.2 Rest of South and Central America: VRF System Market Breakdown, by System Type
10.6.6.4.3 Rest of South and Central America: VRF System Market Breakdown, by Applications
11. Competitive Landscape
11.1 Company Positioning & Concentration
11.2 Heat Map Analysis By Key Players
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 FUJITSU GENERAL
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Daikin Industries Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Johnson Controls International Plc
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Carrier Global Corp
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 LG Electronics Inc
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Panasonic Holdings Corp
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Samsung Electronics Co Ltd
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Mitsubishi Electric Corp
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Midea Group Co Ltd
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Lennox International Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Blue Star Ltd
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Yanmar Holdings Co Ltd
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
13.13 Trane Technologies Plc
13.13.1 Key Facts
13.13.2 Business Description
13.13.3 Products and Services
13.13.4 Financial Overview
13.13.5 SWOT Analysis
13.13.6 Key Developments
13.14 Systemair AB
13.14.1 Key Facts
13.14.2 Business Description
13.14.3 Products and Services
13.14.4 Financial Overview
13.14.5 SWOT Analysis
13.14.6 Key Developments
13.15 Voltas Ltd
13.15.1 Key Facts
13.15.2 Business Description
13.15.3 Financial Overview
13.15.4 SWOT Analysis
13.15.5 Key Developments
13.16 Robert Bosch GmbH
13.16.1 Key Facts
13.16.2 Business Description
13.16.3 Products and Services
13.16.4 Financial Overview
13.16.5 SWOT Analysis
13.16.6 Key Developments
14. Appendix
14.1 About
14.2 Word Index
LIST OF TABLES
Table 1. VRF System Market Segmentation
Table 2. Ecosystem: Authentication and Brand Protection Market
Table 3. List of Vendors in Value Chain
Table 4. VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Table 5. VRF System Market - Revenue and Forecast to 2031 (US$ Million) - by Component
Table 6. VRF System Market - Revenue and Forecast to 2031 (US$ Million) - by System Type
Table 7. VRF System Market - Revenue and Forecast to 2031 (US$ Million) - by Applications
Table 8. North America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 9. North America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 10. North America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 11. North America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Country
Table 12. United States: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 13. United States: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 14. United States: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 15. Canada: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 16. Canada: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 17. Canada: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 18. Mexico: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 19. Mexico: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 20. Mexico: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 21. Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 22. Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 23. Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 24. Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Country
Table 25. France: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 26. France: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 27. France: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 28. Germany: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 29. Germany: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 30. Germany: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 31. United Kingdom: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 32. United Kingdom: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 33. United Kingdom: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 34. Italy: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 35. Italy: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 36. Italy: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 37. Russian Federation: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 38. Russian Federation: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 39. Russian Federation: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 40. Rest of Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 41. Rest of Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 42. Rest of Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 43. Asia Pacific: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 44. Asia Pacific: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 45. Asia Pacific: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 46. Asia Pacific: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Country
Table 47. Australia: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 48. Australia: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 49. Australia: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 50. China: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 51. China: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 52. China: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 53. India: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 54. India: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 55. India: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 56. Japan: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 57. Japan: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 58. Japan: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 59. South Korea: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 60. South Korea: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 61. South Korea: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 62. Rest of APAC: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 63. Rest of APAC: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 64. Rest of APAC: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 65. Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 66. Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 67. Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 68. Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Country
Table 69. South Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 70. South Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 71. South Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 72. Saudi Arabia: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 73. Saudi Arabia: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 74. Saudi Arabia: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 75. United Arab Emirates: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 76. United Arab Emirates: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 77. United Arab Emirates: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 78. Rest of Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 79. Rest of Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 80. Rest of Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 81. South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 82. South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 83. South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 84. South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Country
Table 85. Brazil: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 86. Brazil: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 87. Brazil: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 88. Argentina: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 89. Argentina: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 90. Argentina: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 91. Rest of South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Component
Table 92. Rest of South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by System Type
Table 93. Rest of South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million) - by Applications
Table 94. Company Positioning & Concentration
Table 95. List of Abbreviation
LIST OF FIGURES
Figure 1. VRF System Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. VRF System Market Revenue (US$ Million), 2021-2031
Figure 5. VRF System Market Share (%) - by Component (2023 and 2031)
Figure 6. Indoor Units: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 7. Outdoor Units: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 8. Control Systems and Accessories: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 9. VRF System Market Share (%) - by System Type (2023 and 2031)
Figure 10. Heat Pump: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 11. Heat Recovery: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 12. Cooling Only: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. VRF System Market Share (%) - by Applications (2023 and 2031)
Figure 14. Commercial: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 15. Industrial: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. Residential: VRF System Market - Revenue and Forecast to 2031 (US$ Million)
Figure 17. VRF System Market Breakdown by Region, 2023 and 2031 (%)
Figure 18. North America: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 19. North America: VRF System Market Breakdown, by Component (2023 and 2031)
Figure 20. North America: VRF System Market Breakdown, by System Type (2023 and 2031)
Figure 21. North America: VRF System Market Breakdown, by Applications (2023 and 2031)
Figure 22. North America: VRF System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 23. United States: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 24. Canada: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 25. Mexico: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 26. Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 27. Europe: VRF System Market Breakdown, by Component (2023 and 2031)
Figure 28. Europe: VRF System Market Breakdown, by System Type (2023 and 2031)
Figure 29. Europe: VRF System Market Breakdown, by Applications (2023 and 2031)
Figure 30. Europe: VRF System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 31. France: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 32. Germany: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 33. United Kingdom: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 34. Italy: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 35. Russian Federation: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 36. Rest of Europe: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 37. Asia Pacific: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 38. Asia Pacific: VRF System Market Breakdown, by Component (2023 and 2031)
Figure 39. Asia Pacific: VRF System Market Breakdown, by System Type (2023 and 2031)
Figure 40. Asia Pacific: VRF System Market Breakdown, by Applications (2023 and 2031)
Figure 41. Asia Pacific: VRF System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 42. Australia: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 43. China: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 44. India: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 45. Japan: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 46. South Korea: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 47. Rest of APAC: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 48. Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 49. Middle East and Africa: VRF System Market Breakdown, by Component (2023 and 2031)
Figure 50. Middle East and Africa: VRF System Market Breakdown, by System Type (2023 and 2031)
Figure 51. Middle East and Africa: VRF System Market Breakdown, by Applications (2023 and 2031)
Figure 52. Middle East and Africa: VRF System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 53. South Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 54. Saudi Arabia: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 55. United Arab Emirates: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 56. Rest of Middle East and Africa: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 57. South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 58. South and Central America: VRF System Market Breakdown, by Component (2023 and 2031)
Figure 59. South and Central America: VRF System Market Breakdown, by System Type (2023 and 2031)
Figure 60. South and Central America: VRF System Market Breakdown, by Applications (2023 and 2031)
Figure 61. South and Central America: VRF System Market Breakdown, by Key Countries, 2023 and 2031 (%)
Figure 62. Brazil: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 63. Argentina: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 64. Rest of South and Central America: VRF System Market - Revenue and Forecast to 2031(US$ Million)
Figure 65. Heat Map Analysis By Key Players
The List of Companies - VRF System Market
- FUJITSU GENERAL
- Daikin Industries Ltd
- Johnson Controls International Plc
- Carrier Global Corp.
- LG Electronics Inc.
- Panasonic Holdings Corp.
- Samsung Electronics Co Ltd.
- Mitsubishi Electric Corp.
- Midea Group Co Ltd.
- Lennox International Inc.