Variable Refrigerant Flow (VRF) Systems is mature heating, ventilation, and air conditioning (HVAC) technology that simultaneously heats and cools areas by extracting heat from an area that needs cooling and transferring heat to another area.
VRF (variable refrigerant flow) systems have an air conditioner inverter that includes a dc inverter that controls the compressor and regulates the heat or cooling in the space. Variable refrigerant flow (VRF) compressor units are positioned on the roof of the building, and heat and cool refrigerant are connected via pipes to condition the building.
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Global Variable Refrigerant Flow (VRF) Systems Market: Dynamics
Variable Refrigerant Flow (VRF) Systems is driven by an energy-efficient source that saves up to more than 40% energy when compared to the VAV electric coil and is a potential factor to the growth of the variable refrigerant flow (VRF) systems market. Moreover, variable refrigerant flow (VRF) systems incur a lower cost to provide heating, ventilation, and air conditioning (HVAC) systems. A key driver for a variable refrigerant flow (VRF) system is its efficiency to control the units with a simple on and off the operation as well as its ability to provide a different level of heating and cooling to a different part of the building with variation in motor speed and regulator in refrigerant flow.
For commercial purposes such as in offices, a variable refrigerant flow system is more appealing than a variable air volume (VAV) system as the temperature can be controlled in each office thus adds as another potential factor to the growth of variable refrigerant flow (VRF) systems market. Moreover, if a variable refrigerant flow is installed in a smaller building, it can offer special benefits as compared to features in a high-end building automation systems owing to built-in controls offered by a variable refrigerant flow system with its ability to provide less energy consumption.
Variable refrigerant flow (VRF) system is well-suited for applications in older buildings because it can be added on to or replace prevailing equipment in narrow spaces, where it is currently limited or no ductwork. Hotels have also been a big supporter of variable refrigerant flow systems as they can save the overall operational cost of the hotel owing to HVAC control restricted to particular rooms when needed. Aspects such as quieter operation in working of variable refrigerant flow (VRF) systems compared to traditional PTAC units adds a factor of growth, to the variable refrigerant flow (VRF) systems market.
A challenging factor to the variable refrigerant flow (VRF) system is the guidelines that are shared by ASHRAE to control the concentration limits of refrigerant. Thus time to time maintenance is needed. The leakage of refrigerant which is being piped around the building in larger variable refrigerant flow (VRF) system of 14-20 tons is potentially high and thus can restrain the growth of variable refrigerant flow (VRF) systems.
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Global Variable Refrigerant Flow (VRF) Systems Market: Region Wise Outlook
The Global Variable Refrigerant Flow (VRF) Systems market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan, and the Middle East and Africa (MEA). Japan holds a relatively higher market share in the global variable refrigerant flow system market due to a higher presence of the key manufacturers of the VRF systems. Followed by Japan is Western Europe which has higher consumption of variable flow (VRF) systems for the commercial building owing to changing the climate in the region.
Developed region of Japan and Europe are estimated to grow at a healthy CARG during the forecast period. The U.S. in North America is one of the growing markets in variable refrigerant flow (VRF) systems. Currently, the U.S. market has major manufacturer products that are certified by AHRI. APEJ is estimated to expand at high CAGR of global variable refrigerant flow (VRF) systems during the forecast period owing to increasing adoption in the buildings, offices as well as hospitals.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, and the Rest of Latin America)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg, and Rest of Western Europe)
- Eastern Europe (Poland, Russia, and the Rest of Eastern Europe)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, S. Africa, and Rest of MEA)
Global Variable Refrigerant Flow (VRF) Systems Market: Prominent Players
Few of the prominent players in the Variable Refrigerant Flow (VRF) Systems market are as follows
- Daikin industries Ltd.
- Fujitsu Ltd
- Mitsubishi Electrical
- Johnson Controls, Inc.
- Toshiba Corporation
- Ingersoll Rand Plc.
- LG Electronics
- Midea Group
- United Technologies Corporation
- Lennox International Inc.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, and applications.
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