Global VRF AC System Market Share, Size, Future Outlook, COVID-19 Impact Analysis, Forecast 2021-2027

The global VRF AC system is growing at a CAGR of 5.3% during the forecast period. The major factors that are augmenting the growth of the VRF AC market include increasing demand for energy-efficient heating, ventilation, air conditioning (HVAC), and the growth of various industries including construction and manufacturing. Furthermore, initiatives are taken by the government to ease the foreign direct investment (FDI) standards in the real estate sector, enlargement of open network compatibility, the polarization of VRF designed for cold regions are also estimated to be the major factors that are significantly contributing towards the growth of the market. Additionally, the growing distribution of VRF AC systems in high-rise buildings is expected to provide profitable opportunities to the players that are operating in the VRF systems market.
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The deployment of these systems in high-rise buildings is escalating due to the flexibility along with low utility cost benefits that are being offered by these systems. To fulfill the various need of multiple tenants, VRF systems provide control and flexibility in the installation process by removing the need for water piping. Many of the specialized instrument manufacturers have brought in user-friendly control systems with LCD touch screens that combined central air conditioning along with VRF to control central air conditioning systems.
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Market Segmentation
• Global VRF AC System Market by Application
• Commercial
• Residential
• Other
• Global VRF AC System Market by Type
• Heat Pump System
• Heat Recovery System
• Global VRF AC System Market by Components
• Indoor Units
• Outdoor Units

Company Profiles
• Electrolux AB
• Blue Star, Ltd.
• Carrier Global Corp.
• Daikin Industries, Ltd.
• Fujitsu General, Ltd.
• Godrej & Boyce Manufacturing Co. Ltd.
• Gree Electric Appliances, Inc.
• Guangdong Chigo Air Conditioning Co. Ltd.
• Haier Electronics Group Co. Ltd. (GE Appliances)
• Hitachi, Ltd

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