Variable Refrigerant Flow Vrf Systems Market Size, Revenue, Review, Statistics, Demand Supply and Forecast to 2027

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VALLEY COTTAGE, N.Y. - Variable Refrigerant Flow (VRF) Systems is a mature heating, ventilation and air conditioning (HVAC) technology which simultaneously heat and cool area through extracting heat from an area which needs cooling and transfer heat to another area. Variable refrigerant flow (VRF) systems are installed with air conditioner inverter that adds a dc inverter which drives the control of compressor that modulates heat or cooling in the area. The compressor unit of variable refrigerant flow (VRF) are installed on the roof of the building, and heat & cool refrigerant are connected through piping connected to condition the building.

Global Variable RefrigerantFlow (VRF) Systems Market: Dynamics

VariableRefrigerant Flow (VRF) Systems is driven by the energy efficient source that saves up to morethan 40% energy when compared to VAV electric coil and is a potential factor tothe growth of 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 variablerefrigerant flow (VRF) system is its efficiency to control the units with asimple on and off the operation as well as its ability to provide a differentlevel of heating and cooling to a different part of building with variation inmotor speed and regulator in refrigerant flow. For the commercial purposesuch as in offices, a variable refrigerant flow system is more appealing than avariable air volume (VAV) systems as the temperature can be controlled in eachoffice thus adds as another potential factor to the growth of variablerefrigerant flow (VRF) systems market.

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Moreover, if a variable refrigerant flow is installed in a smallerbuilding, it can offer special benefit as compared to features in high-endbuilding automation system owing to built-in controls offered by a variablerefrigerant flow system with its ability to provide less energy consumption.Variable refrigerant flow (VRF) system is well-suited applications in olderbuildings because it can be added on to or replace prevailing equipment innarrow space, where it is currently limited or no ductwork. Hotels have alsobeen a big supporter of variable refrigerant flow systems as they can save theoverall operational cost of the hotel owing to HVAC control restricted toparticular rooms when needed. Aspects such as quieter operation in working ofvariable refrigerant flow (VRF) systems compared to traditional PTAC units addsa 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 RefrigerantFlow (VRF) Systems Market: Segmentation

Based on system type: Global Variable Refrigerant Flow (VRF)Systems market is segmented into

  • Heat recovery system
  • Heat pump

Based on compressor units: Global Variable Refrigerant Flow (VRF)Systems market is segmented into

  • Air cooled unit
  • Water-cooled unit

Based on end-user: Global Variable Refrigerant Flow (VRF) Systemsmarket is segmented into

  • Commercial (Hotels & restaurant)
  • Residential
  • Transport

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Global Variable RefrigerantFlow (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 manufacture 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.

Global Variable RefrigerantFlow (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.

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