REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
---|---|---|
USD 122.4 billion by 2029 | 12.3% | North America |
By Component | By Capacity | By Application |
---|---|---|
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SCOPE OF THE REPORT
VRF System Market Overview
The Global VRF Market is expected to grow at 12.3% CAGR from 2020 to 2029. It is expected to reach above USD 122.4 billion by 2029 from USD 17.8 billion in 2020.
VRF stands for Variable Refrigerant Flow, which is a type of HVAC (heating, ventilation, and air conditioning) system that delivers both heating and cooling to a building using a single outdoor unit and multiple indoor units. The VRF system uses a refrigerant to transfer heat between the indoor and outdoor units, and the amount of refrigerant flow is varied based on the heating or cooling load requirements of each indoor unit. The VRF system offers several advantages over traditional HVAC systems, including energy efficiency, precise temperature control, flexibility in system design and installation, and the ability to provide immediate heating and cooling to different areas of a building. VRF systems are commonly used in commercial buildings such as offices, hotels, and hospitals, as well as in residential buildings.
There are different types of VRF systems, including heat pump systems that provide heating and cooling, and heat recovery systems that can provide simultaneous heating and cooling to different indoor units. The choice of VRF system depends on the specific needs and requirements of the building.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion), (Thousand Units) |
Segmentation | By Component, By Capacity, By System Type, By Application, By Region |
By Component
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By Capacity |
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By System Type |
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By Application |
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By Region |
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VRF systems use inverter technology that allows them to adjust the refrigerant flow to match the heating or cooling load requirements of each indoor unit. This makes them more energy-efficient than traditional HVAC systems that use fixed-speed compressors, which can waste energy by cycling on and off. VRF systems offer a high degree of flexibility in system design and installation. They can be customized to meet the specific heating and cooling needs of a building, and they can be easily expanded or modified if the building’s needs change. VRF systems offer the ability to zone different areas of a building, which allows for precise temperature control and energy savings. This means that only the areas that need heating or cooling receive it, which can lead to significant energy savings. VRF systems with heat recovery capabilities can provide simultaneous heating and cooling to different indoor units. This makes them ideal for buildings with varying heating and cooling needs, such as hotels or hospitals. VRF systems operate quietly, making them ideal for use in environments where noise levels need to be kept low, such as hotels, hospitals, or residential buildings. VRF systems can improve indoor air quality by using filters and reducing humidity levels, resulting in a more comfortable and healthier indoor environment. Overall, the VRF system’s energy efficiency, flexibility, zoning capabilities, simultaneous heating and cooling, and quiet operation have made it a popular choice in the market, these are some advantages of the VRF system which help to drive the VRF system market growth.
The global VRF System market is expanding as a result of the expanding construction industry and reducing FDI regulations for the construction and real estate sectors. Increased demand for energy-efficient resources, more environmental awareness, and a rise in construction activity are all factors driving the global market for VRF systems.
VRF System Market Segment Analysis
The global VRF System market is segmented based on component, capacity, system type, application, and region. By component, the market is bifurcated into Outdoor Units, Indoor Units, Control Systems, and Accessories. By capacity, the market is bifurcated into Up to 10 Tons, 11 to 18 Tons, 19 to 26 Tons, and above 26 Tons. By system type, the market is bifurcated into Heat Pump Systems, Heat Recovery Systems. By application, the market is bifurcated into Commercial, Residential, and Others.
Based on the system heat pump system is dominating the VRF system market. VRF heat pumps are especially efficient in areas with mild winters, as they can extract heat from outdoor air even when temperatures are low. They can also operate in the reverse cycle, allowing for efficient cooling and heating throughout the year. The heat pump function of VRF systems is achieved through the use of a reversing valve, which changes the direction of refrigerant flow in the system. When in cooling mode, the refrigerant absorbs heat from the indoor air and releases it outside, while in heating mode, the refrigerant absorbs heat from the outdoor air and releases it inside. This process is more energy efficient than traditional heating methods, such as electric resistance heating. The market for VRF heat pump systems for residential use will be fueled by factors like rising disposable income, increased awareness of energy efficiency, and rising energy prices. These elements have increased the demand for energy-efficient technology that can assist lower energy costs and consumption. By implementing a variety of control mechanisms, thermostats, and sensors, VRF systems offer a solution to all of these problems.
Based on application residential sector is dominating the VRF system market, especially in larger homes or multi-family buildings where traditional HVAC systems may be difficult to install or inefficient. VRF systems are a desirable alternative for homeowners and builders because they offer energy-efficient and scalable heating and cooling solutions. Zoning flexibility is one of VRF systems’ key benefits for residential buildings. A VRF system enables customized comfort and energy savings by enabling the operation of specific rooms or zones separately. This is especially helpful in larger homes or multi-family structures where various rooms may require varied levels of heating and cooling. Due to the individualized controls that VRF systems provide for each housing unit, these systems are exceptionally energy-efficient and have a low operating cost. VRF air conditioning systems are being installed by an increasing number of building owners and managers as a result. VRF systems are becoming a more popular choice for apartments and shared housing because of their prolonged product life in challenging environments, powerful air-conditioning performance, and superior servicing.
VRF System Market Key Players
The VRF System market key players include Daikin, Toshiba, LG Electronics, Mitsubishi Electric, Midea Group, Johnson Controls, Lg Electronics, Fujitsu, United Technologies, Ingersoll Rand, Lennox, Panasonic, Samsung Electronics, Nortek, Gree, Emerson, Electrolux, Whirlpool.
Recent Developments:
February 2023 – LG Electronics (LG) has announced the introduction of the new Multi VTM I, a Variable Refrigerant Flow (VRF) solution outfitted with the highly developed AI engine of the firm, in significant international market launches in Europe.
The most reputable consumer electronics company in India, Samsung, announced the release of its new DVM S2 Variable Refrigerant Flow (VRF) outdoor air conditioner. This unit pairs with indoor air conditioners to provide Wind-free cooling that both effectively and gently lowers the room’s ambient temperature. With the aid of 23,000 micro holes and a speed of 0.15 m/s, the WindFreeTM technology minimizes chilly draughts and contributes to a still-air environment.
Who Should Buy? Or Key stakeholders
- VRF System Supplier
- Research Organizations
- Healthcare Industry
- Government Organizations
- Manufacturing Industry
- Investors
- Government Organizations
- Regulatory Authorities
- Others
VRF System Market Regional Analysis
The VRF System market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and the Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, the and Rest of Europe
- South America: includes Brazil, Argentina, and the Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
In 2021, North America accounted for the largest market in the VRF System Market. North America accounted for 35 % share of the global market value. The North American region has applied several government regulations to promote the implementation of energy-efficient HVAC systems, including VRF systems. For example, the U.S. government has implemented energy efficiency standards for HVAC systems, which have encouraged the adoption of VRF systems in commercial and residential buildings. There is an increasing demand for energy-efficient HVAC systems in the North American region due to increasing energy costs and environmental concerns. VRF systems offer energy-efficient and customizable heating and cooling solutions, making them an attractive option for commercial and residential applications. The North American construction industry is experiencing significant growth, with a focus on sustainable and energy-efficient building design. VRF systems deliver an energy-efficient and flexible HVAC solution that can be integrated into new construction and retrofit projects.
Many North American-based businesses have recently introduced VRF systems that incorporate low global warming potential refrigerants. The popularity of VRF systems in North America has increased as a result of the introduction of cutting-edge, environmentally friendly refrigerants like HFC-32. The North American region is home to several leading HVAC manufacturers that have invested heavily in VRF system research and development. These manufacturers have developed advanced VRF systems that offer greater efficiency, comfort, and control, making them more attractive to commercial and residential customers.
Overall, the combination of favorable government regulations, growing demand for energy-efficient HVAC systems, a strong construction industry, and technological advancements have led to the dominance of the North American region in the VRF system market.
Key Market Segments: VRF System Market
VRF System Market By Component, 2020-2029, (USD Billion), (Thousand Units)
- Outdoor Units
- Indoor Units
- Control Systems And Accessories
VRF System Market By Capacity, 2020-2029, (USD Billion), (Thousand Units)
- Up To 10 Tons
- 11 To 18 Tons
- 19 To 26 Tons
- Above 26 Tons
VRF System Market By System Type, 2020-2029, (USD Billion), (Thousand Units)
- Heat Pump Systems
- Heat Recovery Systems
VRF System Market By Implementation, 2020-2029, (USD Billion), (Thousand Units)
- New Constructions
- Retrofits
VRF System Market By Application, 2020-2029, (USD Billion), (Thousand Units)
- Commercial
- Residential
- Others
VRF System Market By Region, 2020-2029, (USD Billion), (Thousand Units)
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the current size of the VRF System market?
- What is the expected growth rate of the VRF System market over the next 7 years?
- Who are the major players in the VRF System market and what is their market share?
- What are the end-user industries driving demand for the market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, the middle east, and Africa?
- How is the economic environment affecting the VRF System market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the VRF System market?
- What is the current and forecasted size and growth rate of the global VRF System market?
- What are the key drivers of growth in the VRF System market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the VRF System market?
- What are the technological advancements and innovations in the VRF System market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the VRF System market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the VRF System market?
- What are the service offerings specifications of leading players in the market?
- What is the pricing trend of VRF systems in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL VRF SYSTEM MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON THE VRF SYSTEM MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL VRF SYSTEM MARKET OUTLOOK
- GLOBAL VRF SYSTEM MARKET BY COMPONENT, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- OUTDOOR UNITS
- INDOOR UNITS
- CONTROL SYSTEMS AND ACCESSORIES
- GLOBAL VRF SYSTEM MARKET BY CAPACITY, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- UP TO 10 TONS
- 11 TO 18 TONS
- 19 TO 26 TONS
- ABOVE 26 TONS
- GLOBAL VRF SYSTEM MARKET BY SYSTEM TYPE, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- HEAT PUMP SYSTEMS
- HEAT RECOVERY SYSTEMS
- GLOBAL VRF SYSTEM MARKET BY APPLICATION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- COMMERCIAL
- RESIDENTIAL
- OTHERS
- GLOBAL VRF SYSTEM MARKET BY REGION, 2020-2029, (USD BILLION), (THOUSAND UNITS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
10.COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- DAIKIN
- TOSHIBA
- MITSUBISHI ELECTRIC
- MIDEA GROUP
- JOHNSON CONTROLS
- LG ELECTRONICS
- FUJITSU
- UNITED TECHNOLOGIES
- INGERSOLL RAND
- LENNOX
- PANASONICÂ *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY REGION (USD BILLION) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY REGION (THOUSAND UNITS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â US VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â ASIA-PACIFIC VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â INDIA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 106Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 107Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 108Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 109Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 110Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 111Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 112Â Â Â Â Â Â Â Â Â Â Â CHINA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 113Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 114Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 115Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 116Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 117Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 118Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 119Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 120Â Â Â Â Â Â Â Â Â Â Â JAPAN VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 121Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 122Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 123Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 124Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 125Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 126Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 127Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 128Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 129Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 130Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 131Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 132Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 133Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 134Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 135Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 136Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 137Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 138Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 139Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 140Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 141Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 142Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 143Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 144Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 145Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 146Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 147Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 148Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 149Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 150Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 151Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 152Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 153Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 154Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 155Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 156Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 157Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 158Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 159Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 160Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 161Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 162Â Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 163Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 164Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 165Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 166Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 167Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 168Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 169Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 170Â Â Â Â Â Â Â Â Â Â Â GERMANY VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 171Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 172Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 173Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 174Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 175Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 176Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 177Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 178Â Â Â Â Â Â Â Â Â Â Â UK VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 179Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 180Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 181Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 182Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 183Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 184Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 185Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 186Â Â Â Â Â Â Â Â Â Â Â FRANCE VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 187Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 188Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 189Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 190Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 191Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 192Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 193Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 194Â Â Â Â Â Â Â Â Â Â Â ITALY VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 195Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 196Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 197Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 198Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 199Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 200Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 201Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 202Â Â Â Â Â Â Â Â Â Â Â SPAIN VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 203Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 204Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 205Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 206Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 207Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 208Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 209Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 210Â Â Â Â Â Â Â Â Â Â Â RUSSIA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 211Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 212Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 213Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 214Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 215Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 216Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 217Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 218Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 219Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 220Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY COUNTRY (THOUSAND UNITS) 2020-2029
TABLE 221Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 222Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 223Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 224Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 225Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 226Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 227Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 228Â Â Â Â Â Â Â Â Â Â Â MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 229Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 230Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 231Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 232Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 233Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 234Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 235Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 236Â Â Â Â Â Â Â Â Â Â Â UAE VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 237Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 238Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 239Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 240Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 241Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 242Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 243Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 244Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 245Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 246Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 247Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 248Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 249Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 250Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 251Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 252Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
TABLE 253Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY APPLICATION (USD BILLION) 2020-2029
TABLE 254Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY APPLICATION (THOUSAND UNITS) 2020-2029
TABLE 255Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY SYSTEM TYPE (USD BILLION) 2020-2029
TABLE 256Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY SYSTEM TYPE (THOUSAND UNITS) 2020-2029
TABLE 257Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY COMPONENT (USD BILLION) 2020-2029
TABLE 258Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY COMPONENT (THOUSAND UNITS) 2020-2029
TABLE 259Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY CAPACITY (USD BILLION) 2020-2029
TABLE 260Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA VRF SYSTEM MARKET BY CAPACITY (THOUSAND UNITS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY COMPONENT, USD BILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY CAPACITY, USD BILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY SYSTEM TYPE, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY COMPONENT, USD BILLION, 2021
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY CAPACITY, USD BILLION, 2021
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET SYSTEM TYPE, USD BILLION, 2021
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET APPLICATION, USD BILLION, 2021
FIGURE 16Â Â Â Â Â Â Â Â Â Â GLOBAL VRF SYSTEM MARKET BY REGION, USD BILLION, 2021
FIGURE 17Â Â Â Â Â Â Â Â Â Â NORTH AMERICA VRF SYSTEM MARKET SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â EUROPE VRF SYSTEM MARKET SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA VRF SYSTEM MARKET SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC VRF SYSTEM MARKET SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â MIDDLE EAST ASIA AND AFRICA VRF SYSTEM MARKET SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 23Â Â Â Â Â Â Â Â Â Â DAIKIN: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â TOSHIBA: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â MITSUBISHI ELECTRIC: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â MIDEA GROUP: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â JOHNSON CONTROLS: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â LG ELECTRONICS: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â INGERSOLL RAND: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â UNITED TECHNOLOGIES : COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â LENNOX: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â PANASONIC: COMPANY SNAPSHOT
FAQ
The global VRF market is expected to grow at 12.3 % CAGR from 2020 to 2029. It is expected to reach above USD 122.4 billion by 2029 from USD 17.8 billion in 2020.
North America accounted for the largest market in the VRF System market. North America held more than 35% of the VRF System market revenue share in 2021.
The increasing demand for energy-efficiency products and growing investments in the construction of commercial spaces are expected to drive market growth during the forecast period.
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