Global VRF System Industry

Global VRF System Industry

  • July 2019 •
  • 341 pages •
  • Report ID: 5810431 •
  • Format: PDF
Variable Refrigerant Flow (VRF) System market worldwide is projected to grow by US$15.

3 Billion, driven by a compounded growth of 12.2%. Heat Pump Systems, one of the segments analyzed and sized in this study, displays the potential to grow at over 13.8%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$18.4 Billion by the year 2025, Heat Pump Systems will bring in healthy gains adding significant momentum to global growth.

- Representing the developed world, the United States will maintain a 10.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$608.2 Million to the region’s size and clout in the next 5 to 6 years. Over US$920.6 Million worth of projected demand in the region will come from other emerging Eastern European markets. In Japan, Heat Pump Systems will reach a market size of US$918.6 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 16% over the next couple of years and add approximately US$3.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

- Competitors identified in this market include among others, Daikin Industries Ltd. (Japan); Fujitsu General Ltd. (Japan); Hitachi Ltd. (Japan); Ingersoll-Rand PLC (Ireland); Lennox International, Inc. (USA); LG Electronics, Inc. (South Korea); Midea Group Co., Ltd. (China); Mitsubishi Electric Corporation (Japan); Panasonic Corporation (Japan); Samsung Electronics Co., Ltd. (Korea); United Technologies Corporation (UTC) (USA)