The global VRF AC system is growing at a CAGR of 5.3% during the forecast period. The major factors that are augmenting the growth of the VRF AC market include increasing demand for energy-efficient heating, ventilation, air conditioning (HVAC), and the growth of various industries including construction and manufacturing. Furthermore, initiatives are taken by the government to ease the foreign direct investment (FDI) standards in the real estate sector, enlargement of open network compatibility, the polarization of VRF designed for cold regions are also estimated to be the major factors that are significantly contributing towards the growth of the market. Additionally, the growing distribution of VRF AC systems in high-rise buildings is expected to provide profitable opportunities to the players that are operating in the VRF systems market.
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The market is segmented based on application, type, and duct type. By application, the market is segmented into commercial, residential, and others. Based on the type, the market is segmented into heat pump systems and heat recovery systems. Based on components, indoor units and outdoor units. The residential segment is expected to hold a significant market share in the global VRF AC system market. The residential segment is primarily driven by various advantages offered by VRF systems such as improved energy efficiency along with the low cost of operations and individual control system for each household. As a result, an increasing number of managers along with owners of property are involved in the installation of the VRF AC system. These systems are becoming a preferable option for apartments along with collective housing due to long life different circumstances and conditions, high air-conditioning performance, and service.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global VRF AC System Market Report Segment
By Application
- Commercial
- Residential
- Others
By Type
- Heat Pump System
- Heat Recovery System
By Components
- Indoor Units
- Outdoor Units
Global VRF AC System Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of the Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2021 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global VRF AC system. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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