Global VRF System Market

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Global VRF System Market (Variable Refrigerant
Flow) Industry Analysis and Forecast (2017-
2024) _ by Applications (Commercial, Residential,
and Others), System Type (Heat Pump Systems,
and Heat Recovery Systems), Component (Outdoor
Units, Indoor Units, and Control Systems and
Accessories), and Geography
Market Scenario Global VRF System Market is
expected to reach USD 124.56 Billion by 2024 from
USD 9.98 Billion in 2016 at CAGR of 11.9
(Detailed analysis of the market CAGR is provided
in the report).Global VRF System Market
Variable refrigerant flow (VRF) refrigeration
systems provide a variable flow of refrigerant
into the evaporators with different capacities
and configurations. This enables simultaneous
heating and cooling and better heat recovery
from one zone to another in a heating,
ventilation, and air conditioning (HVAC) system.
This flow of refrigerant is controlled by VRF
system. The major factors driving the growth of
VRF system market include the growing
construction industry and easing of norms of FDI
for construction and real estate sectors, high
energy saving potential as well as easy and
minimum maintenance of VRF system, the focus of
major players on providing technologically
advanced refrigerants for air conditioning and
heat pump solutions.
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• Global VRF System Market is segmented by
  applications, system type, component, and
  geography. Application segment is sub-segmented
  as Commercial, Residential, and Others.
  Commercial application segment is estimated to
  hold the largest market share in the forecast
  period due to growing construction industry and
  easy installation of VRF systems. System type
  segment is bifurcated as Heat Pump Systems, and
  Heat Recovery Systems. Heat pump system segment
  is expected to register the highest growth
  during the forecast period, owing to a growing
  need for energy-efficient technology compared to
  conventional air- conditioning systems. The
  component segment is further sub-segmented as
  Outdoor Units, Indoor Units, and Control Systems
  and Accessories. The market on the basis of
  geography is segmented by North America, Europe,
  Asia-Pacific, Middle East Africa and Latin
  America.
• Various advantages of VRF systems such as the
  high performance of equipment, high energy
  efficiency, lower failure risk, and greater load
  management potential are also propelling the
  growth of Global VRF System Market. North
  America is expected to dominate the VRF System
  Market in forecast period followed by APAC and
  Europe. The major factors driving the growth of
  the North American VRF system market are
  technological advancements, high energy
  efficiency, easy installation, low global warming
  potential, and booming commercial building
  construction sector.
• The years that have been considered for the study
  are
• Base year 2016
• Estimated year 2017
• Forecast period 2017 to 2024 Key Highlights
• Assessment of market definition along with the
  identification of key players and analysis of
  their strategies to determine the competitive
  outlook of the market, opportunities, drivers,
  restraints and challenges for Global VRF System
  Market during the forecast period
• Complete quantitative analysis of the industry
  from 2017 to 2024 to enable the stakeholders to
  capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of
  market segments, market dynamics, market size,
  competition companies involved value chain
• Global VRF System Market analysis and
  comprehensive segmentation with respect to the
  applications, system type, component, and
  geography to assist in strategic business
  planning
• Global VRF System Market analysis and forecast
  for five major geographies North America, Europe,
  Asia pacific, Middle East Africa, Latin
  America and their key regions
• Research Methodology
• The market is estimated by triangulation of data
  points obtained from various sources and feeding
  them into a simulation model created
  individually for each market. The data points are
  obtained from paid and unpaid sources along with
  paid primary interviews with key opinion leaders
  (KOLs) in the market.
• KOLs from both, demand and supply side were
  considered while conducting interviews to get the
  unbiased idea of the market. This exercise was
  done at the country level to get the fair idea of
  the

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• market in countries considered for this study.
  Later this country-specific data was accumulated
  to come up with regional numbers and then arrive
  at the global market value for Global VRF System
  Market.
• Key Players in the Global VRF System Market Are
• Daikin Industries
• Mitsubishi Electric
• Hitachi
• Midea Group
• United Technologies
• Samsung Electronics
• Panasonic
• Lennox International
• Ingersoll Rand
• Fujitsu General
• LG Electronics
• Carrier
• Gree
• Johnson Controls
• Toshiba
• PETRA Engineering Industries Co.
• Voltas

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• Contract research organizations (CROs)
• Government Bodies
• The scope of the Global VRF System Market
• Research report categorizes the Global VRF System
  Market based on applications, system type,
  component, and geography (region wise). Market
  size by value is estimated and forecasted with
  the revenues of leading companies operating in
  the Global VRF System Market with key
  developments in companies and market trends.
• Global VRF System Market, By Application
• Commercial
• Residential
• Others (Metro Stations, Railway Stations, and
  Airports) Global VRF System Market, By System
  Type
• Heat Pump Systems
• Heat Recovery Systems
• Global VRF System Market, By Components
• Outdoor Units
• Indoor Units
• Control Systems and Accessories
• Global VRF System Market, By Geography
• North America
• Europe
• Asia Pacific
• Middle East Africa

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Pharmaceuticals, Electronics Communications,
Internet of Things, Food and Beverages, Aerospace
and Defense and other manufacturing sectors.