1. Home
  2. > Construction
  3. > Non-Residential Construction Market Trends
VRF System Market by Component, System Type, Capacity, Application And Geography - Global Forecast to 2025

VRF System Market by Component, System Type, Capacity, Application And Geography - Global Forecast to 2025

  • April 2020
  • 151 pages
  • ID: 5135708
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

VRF system market to exhibit significant growth during 2020–2025.
The VRF system market was valued at USD 17.6 billion in 2020 and is expected to reach USD 31.9 billion by 2025, growing at a CAGR of 12.7% between 2020 and 2025. High energy-saving potential and easy and minimum maintenance requirements of VRF systems are the key growth drivers for the market. The market’s growth is also propelled by the continuous growth of the construction industry, government incentives through tax credit programs, and regulations and policies of the EU governments pertaining to construction products. However, high installation costs due to the shortage of skilled installers, and lack of awareness about the benefits of VRF technology are the major restraints for the growth of the market.

VRF system’s outdoor unit expected to lead the market during the forecast period. “
The VRF system market is expected to grow primarily due to a revival in the construction activities and enhanced focus on the implementation of energy-efficient technologies and products.The increasing adoption of inverter-based compressors for outdoor units and the ability of outdoor units to connect multiple indoor units is expected to drive the growth of the market for outdoor units during the forecast period.

The increasing adoption of wireless control systems for monitoring indoor units is expected to fuel the growth of the market during the forecast period.

VRF heat recovery system expected to grow at the highest pace during the forecast period.
VRF heat recovery systems can transfer heat from one indoor zone to another, thereby saving energy.VRF systems that can simultaneously cool some zones while heating others have many features, such as precise comfort control, quiet operation, and energy efficiency, making them an ideal solution for commercial buildings.

VRF heat recovery systems provide simultaneous heating and cooling of a zone; therefore, these systems are becoming popular globally. The increasing awareness regarding its energy efficiency is another major factor responsible for their growing adoption.

APAC to be the largest market for VRF system during the forecast period.
APAC holds the largest market size due to the presence of major players in this region.Countries such as China, Japan, South Korea, and India are majorly driving the growth of the VRF system market in APAC.

These countries have a considerable market size and scope for the development of the VRF industry.Several government regulations, acts, and associations are supporting the adoption of VRF systems in the APAC region.

Some of these are the Commercial Building Disclosure (CBD) Program (Australia), Energy Conservation Building Codes (India), LEED-INDIA, and Indian Society of Heating, Refrigerating, and Air-Conditioning Engineers (ISHRAE).

Break-up of primary participants’ profiles:
• By Company Type – Tier 1– 69%, Tier 2– 21% and Tier 3 – 10%
• By Designation – C-level Executives – 18%, Directors – 49%, and Others – 33%
• By Region – North America - 12%, Europe – 19%, APAC – 63%, and RoW – 6%

The key players in the market include Daikin (Japan), Toshiba (Japan), Mitsubishi Electric (Japan), Midea Group (China), Johnson Controls (US), and Others.

The global VRF system market has been segmented on the basis of components, systems, capacity, applications, and geography.Based on components, the market has been segmented into outdoor units, indoor units, and control systems and accessories.

Based on the type of system, the VRF system market has been classified into heat pump systems and heat recovery systems.Up to 10 tons, 11 to 18 tons, 19 to 26 tons, and above 26 tons are the different VRF system capacities covered in this report.

The report covers 3 types of applications: commercial, residential, and others. The report covers 4 major geographic regions: North America, Europe, APAC, and RoW.

Reasons to buy the report:
• Illustrative segmentation, analysis, and forecast for the market based on components, system, capacity, application, and geography have been conducted to give an overall view of the VRF system market.
• A value chain analysis has been performed to provide an in-depth insight into the VRF system market.
• Major drivers, restraints, opportunities, and challenges for the VRF system market have been detailed in this report.
• The report includes a detailed competitive landscape, along with key players, in-depth analysis, and revenues of key players.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

U.S. Commercial Scrubbers & Sweepers Market - Industry Outlook & Forecast 2022-2027

  • $ 3750
  • October 2022
  • 242 pages

The U.S. commercial scrubbers and sweepers market is expected to grow at a CAGR of 7.15% during 2022-2027. MARKET INSIGHTS The market has witnessed consistent growth over the last few years and is ...

  • United States
  • Commercial Construction
  • Industry analysis
  • Employment Costs
  • Disposable Income


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on