VRF System Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, System Type, Application, and Geography

PUBLISHED: October 8, 2024

PAGES: 150 Pages

DELIVERY TIME: 1-5 business days

ADD TO COMPARE

SELECT AN OPTION

List of Tables

The VRF System Market size was valued at US$ 21.65 billion in 2023 and is expected to reach US$ 54.09 billion by 2031. The VRF System Market is estimated to record a CAGR of 12.1% from 2023 to 2031.

The European VRF system market is segmented into Germany, Russia, France, the UK, Italy, and the Rest of Europe. The market growth in Europe is mostly driven by increased residential infrastructure projects and rising government regulations regarding energy efficiency. In European countries, such as Germany, the UK, and France, the government rules focus on energy efficiency and the use of environment-friendly refrigerants that are projected to increase the demand for VRF systems. In July 2022, the European Commission updated the F-Gas Regulation to implement strict requirements for the use of refrigerants. The HFC refrigerant commonly used in VRF systems is R410A. HFC-32 has various benefits that can help reduce the environmental impact of air-conditioning. HFC-32 is a non-ozone-depleting refrigerant.

Smart Buildings Alliance (SBA) has 170 member organizations from various trades within the building sector (industrial companies, builders, developers, service companies, design offices, developers, architects, and innovative startups) in France. Several initiatives are being put forth to promote sustainable building development in Europe. A number of European businesses have committed to reducing their building's CO2 emissions to zero with the use of VRF systems. As part of an agreement, major participants in the construction industry, including Deerns, BuroHappold, Grimshaw Architects, and Carbon Credentials, joined Helsinki and Valladolid in signing the World Green Building Council's Net Zero Carbon Buildings Commitment. Similarly, in December 2023, the European Commission signed an agreement to reduce the emissions and energy use of buildings across the region. It aims to reduce the average primary energy use of residential buildings by 16% by 2030 and 20-22% by 2035. Thus, the factors mentioned above are positively influencing the VRF system market growth in Europe.

Based on system type, the market is categorized into heat pump, heat recovery, and cooling only. The heat pump segment held the largest VRF system market share in 2023. Heat pump VRF systems are the most common type and can either heat or cool a building, but they can't perform both of these functions simultaneously. In the heating mode, the system extracts heat from the outdoor air and transfers it indoors via the refrigerant. In cooling mode, it reverses the process, removing heat from the indoor air and releasing it outside. These systems are ideal for environments where heating or cooling is needed one at a time throughout the building. For instance, these are used in office buildings, retail spaces, and residential buildings where different areas typically require uniform temperature settings. Heat pump systems are energy-efficient due to the use of a variable-speed compressor that adjusts the refrigerant flow based on demand. Moreover, they are simple to install and maintain compared to more complex VRF systems.

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 are among the prominent players profiled in the VRF System Market report. Several other major players were also studied and analyzed in the VRF System Market report to get a holistic view of the market and its ecosystem.

The overall VRF System Market share has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the VRF System Market. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the VRF System Market.

Product Code: TIPTE100001344

1. Introduction

1.1 The Insight Partners 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 The Insight Partners
14.2 Word Index

Product Code: TIPTE100001344

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