A recent report published by Infinium Global Research on VRF system market provides in depth analysis of segments and sub-segments in global as well as regional markets of VRF system market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of VRF system over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global VRF system market. According to report the global VRF system market is projected to grow at a CAGR of 11.9% over the forecast period of 2018 - 2024.
The various benefits of VRF systems such as high performance, energy efficiency and great potential offered by VRF system drives the growth of VRF system market globally. In addition, VRF has the low cost of providing heat, ventilation and air conditioning. Moreover, VRF systems require low maintenance. These factors are expected escalate the market growth over the forecast period. On the downside, Complex guidelines for controlling the concentration limit of the refrigerator are restraining the market growth. Moreover, the growing adoption of VRF systems in the residential and commercial sectors due to its small and flexible design is projected to create more opportunities for the companies working in the VRF system.
The report on global VRF system market covers segments such as system type, component and application. The system type segments include heat recovery systems and heat pump systems. On the basis of component the global VRF system market is categorized into indoor units, outdoor units and control systems and accessories. Furthermore, on the basis of application the VRF system market is segmented as commercial, residential and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global VRF system market such as, Lennox International, Daikin Industries, Mitsubishi Electric, United Technologies, Johnson Controls, Panasonic, Fujitsu Group, LG Electronics, Ingersoll Rand, and Samsung Electronics.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global VRF system market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of VRF system market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the VRF system market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers and distributors of the VRF system market to understand the present and future trends in this market and formulate their strategies accordingly.