The North America Variable Refrigerant Flow (VRF) Systems Market would witness market growth of 16.2% CAGR during the forecast period (2020-2026).
Variable Refrigerant Flow (VRF) Systems are powered by an energy-efficient source that saves up to 40% energy compared to VAV electric coil and is a possible factor in the growth of the demand for variable refrigerant flow (VRF) systems. In addition, variable refrigerant flow (VRF) systems have heating, ventilation, and air-conditioning (HVAC) systems with lower costs. A key factor for the Variable Refrigerant Flow (VRF) system is its flexibility in controlling the units with a simple on and off cycle, as well as its ability to provide a different degree of heating and cooling to a different part of the building with variance in motor speed and refrigerant flow regulator.
For commercial purposes such as those in offices, a variable refrigerant flow system is more appealing than a variable air volume (VAV) system as the temperature can be regulated at each office thus adds as another potential factor to the growth of variable refrigerant flow (VRF) systems industry. Moreover, if a variable refrigerant flow is mounted in a smaller building, due to built-in controls provided by a variable refrigerant flow system and its ability to provide less energy consumption, it may provide a special advantage compared to features in a high-end building automation system.
Based on Type, the market is segmented into Heat Pump Systems and Heat Recovery Systems. Based on Component, the market is segmented into Outdoor Units, Indoor Units and Control Systems & Accessories. Based on End User, the market is segmented into Commercial, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics, Inc. (LG Corporation), Daikin Industries, Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Fujitsu Limited, Trane Technologies PLC, Lennox International, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), and Johnson Controls International PLC.
Scope of the Study
• Heat Pump Systems
• Heat Recovery Systems
• Outdoor Units
• Indoor Units
• Control Systems & Accessories
By End User
• Rest of North America
• LG Electronics, Inc. (LG Corporation)
• Daikin Industries, Ltd.
• Toshiba Corporation
• Mitsubishi Electric Corporation
• Fujitsu Limited
• Trane Technologies PLC
• Lennox International, Inc.
• Panasonic Corporation
• Samsung Electronics Co., Ltd. (Samsung Group)
• Johnson Controls International PLC
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