U.S. Variable Refrigerant Flow (VRF) Systems Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

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U.S. Variable Refrigerant Flow (VRF) Systems Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

  • Semiconductors and Electronics
  • Published Report
  • Sep 2024
  • Country Level
  • 350 Pages
  • No of Tables: 5
  • No of Figures: 20

Us Variable Refrigerant Flow Vrf Systems Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2024 –2031
Diagram Market Size (Base Year)
USD 12.80 Billion
Diagram Market Size (Forecast Year)
USD 20.38 Billion
Diagram CAGR
%
Diagram Major Markets Players
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U.S. Variable Refrigerant Flow (VRF) Systems Market Segmentation, By Components (Outdoor Units, Indoor Units, Control Systems, and Accessories), Capacity (Upto 10 Tons, 11 to 18 Tons, 19 to 26 Tons, and Above 26 Tons) System Type (Heat Pump Systems and Heat Recovery Systems), Application (Commercial, Residential, and Others) - Industry Trends and Forecast to 2031.

Variable Refrigerant Flow (VRF) Systems Market Analysis

The U.S. Variable Refrigerant Flow (VRF) systems market is experiencing robust growth, driven by increasing demand for energy-efficient HVAC solutions and advancements in climate control technology. The market is characterized by a rising preference for VRF systems in commercial buildings, residential complexes, and institutional facilities due to their ability to provide precise temperature control and reduce energy consumption. Key factors fueling market expansion include stringent energy efficiency regulations, technological innovations such as integration with smart building systems, and the growing emphasis on sustainable building practices. Major players are focusing on expanding their product portfolios and distribution networks to capitalize on the market’s potential, contributing to a competitive and dynamic industry landscape.

Variable Refrigerant Flow (VRF) Systems MarketVariable Refrigerant Flow (VRF) Systems Market Size

Variable Refrigerant Flow (VRF) Systems Market Size

U.S. Variable Refrigerant Flow (VRF) systems market size was valued at USD 12.80 billion in 2023 and is projected to reach USD 20.38 billion by 2031, with a CAGR of 6.3% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include import export analysis, production capacity overview, production consumption analysis, price trend analysis, climate change scenario, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.

Variable Refrigerant Flow (VRF) Systems Market Trends

“Growing Focus on Energy-Efficient VRF Systems”

The increasing emphasis on energy efficiency is a significant driver of growth in the Variable Refrigerant Flow (VRF) systems market. As global awareness of climate change and energy conservation rises, businesses and homeowners are seeking HVAC solutions that minimize energy consumption and reduce operating costs. VRF systems, known for their superior energy efficiency compared to traditional HVAC systems, are gaining popularity due to their ability to provide precise temperature control while optimizing energy use. By modulating the refrigerant flow to match the heating or cooling demand of individual zones, VRF systems significantly lower energy consumption, making them an attractive option for both new installations and retrofits in commercial and residential buildings.

Furthermore, regulatory policies and incentives aimed at promoting energy-efficient technologies are accelerating the adoption of VRF systems. Governments worldwide are implementing stricter energy efficiency standards and offering financial incentives for upgrading to more sustainable HVAC solutions. This regulatory support is encouraging businesses and property owners to invest in VRF systems, which not only comply with energy efficiency regulations but also contribute to lower utility bills. As these trends continue, the VRF systems market is expected to expand, driven by the growing demand for energy-efficient solutions that align with global sustainability goals and energy conservation efforts.

Report Scope and Variable Refrigerant Flow (VRF) Systems Market Segmentation

Attributes

Variable Refrigerant Flow (VRF) Systems Market Insights

Segments Covered

  • By Components: Outdoor Units, Indoor Units, Control Systems, and Accessories
  • By Capacity: Upto 10 Tons, 11 to 18 Tons, 19 to 26 Tons, and Above 26 Tons
  • By System Type: Heat Pump Systems and Heat Recovery Systems
  • By Application: Commercial, Residential, and Others

Countries Covered

U.S.

Key Market Players

DAIKIN INDUSTRIES, Ltd, (U.S.), Mitsubishi Electric Corporation (U.S.), Midea, Johnson Controls. (U.S.), and LG Electronics (U.S.), among others.

Market Opportunities

 

  • Retrofitting of Existing Buildings with VRF System
  • Increasing Partnership and Acquisition Among Market Players

Value Added Data Infosets

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and PESTLE analysis.

Variable Refrigerant Flow (VRF) Systems Market Definition

Variable Refrigerant Flow (VRF) systems are advanced HVAC solutions that use a refrigerant as the cooling and heating medium, circulating it through a network of indoor and outdoor units. These systems offer precise temperature control by adjusting the flow of refrigerant to match the varying demands of different zones within a building. VRF systems are used in a variety of settings, including commercial buildings, residential complexes, and large retail spaces, where they provide energy-efficient climate control, minimize energy consumption, and enhance comfort by allowing simultaneous heating and cooling in different areas.

Variable Refrigerant Flow (VRF) Systems Market Dynamics

Drivers  

  • Increasing Adoption of Smart Buildings/IOT-Based VRF Systems

The widespread implementation of smart buildings and IoT-based technologies is significantly fueling the expansion of the Variable Refrigerant Flow (VRF) systems market. As buildings become more connected and intelligent, the integration of VRF systems with IoT enables precise control, monitoring, and optimization of heating and cooling functions in real time. These systems allow for the seamless management of energy consumption, improving efficiency and reducing costs, which is particularly appealing in commercial and large-scale residential projects. The ability to remotely adjust settings, predict maintenance needs, and analyze performance data enhances the appeal of VRF systems in smart building environments.

For instance,

In May 2024, according to the article published by Engineered Systems, Johnson Controls-Hitachi Air Conditioning introduced its first cold-climate VRF heat pump for North America, the air365 Max with HeatForce. This high-efficiency system can operate at total heating capacity in temperatures as low as -13°F and includes advanced technologies such as SmoothDrive 2.0 and airCloud. The launch of the air365 Max with HeatForce is anticipated to accelerate the adoption of smart buildings and IoT-based VRF systems. Its capability to deliver exceptional performance and energy efficiency in extreme cold climates, along with its advanced features, supports the growing demand for high-efficiency, connected HVAC solutions. This development is expected to boost the VRF systems market significantly.

  • Growing Urbanization and Infrastructure Development Fuels the VRF System Adoption

The increasing adoption of automation across various industries is a significant driver for the U.S. Variable Refrigerant Flow (VRF) systems market. As companies strive to enhance operational efficiency, reduce labor costs, and improve product quality, automation technologies, including machine vision systems, are becoming essential components of modern manufacturing and production processes. Automation has revolutionized industries by streamlining operations and boosting productivity. Machine vision systems play a central role in this transformation, offering precise and reliable inspection, measurement, and control capabilities. By automating tasks such as quality inspection, sorting, and assembly, these systems enable manufacturers to operate at higher speeds and with greater accuracy. This results in faster production rates and more consistent outcomes, minimizing human error and enhancing overall operational efficiency. As industries increasingly adopt automation to maintain competitiveness, the demand for sophisticated machine vision solutions that integrate seamlessly into automated systems continues to rise.

For instance,

Growing urbanization and infrastructure development are significantly driving the adoption of Variable Refrigerant Flow (VRF) systems. As cities expand and new infrastructure projects emerge, the demand for efficient and flexible HVAC solutions increases. VRF systems, known for their energy efficiency, versatility, and ability to provide individualized climate control, are becoming a preferred choice in modern urban environments. These systems are particularly advantageous in high-density urban areas and large commercial complexes, where space constraints and diverse climate needs make traditional HVAC systems less viable. The ability of VRF systems to adjust the refrigerant flow according to the specific requirements of different zones within a building aligns well with the demands of sophisticated urban infrastructures.

Moreover, the emphasis on sustainable development and energy efficiency in new infrastructure projects further fuels the VRF systems market. As cities seek to reduce their carbon footprint and operational costs, VRF systems offer a compelling solution with their high energy efficiency and lower environmental impact compared to conventional HVAC systems. This trend is supported by increasing regulatory standards and incentives aimed at promoting green building practices. The integration of VRF systems into new developments not only enhances the comfort and operational efficiency of buildings but also contributes to the broader goals of urban sustainability, making them a crucial component in the growth of the VRF systems market.

Variable Refrigerant Flow (VRF) Systems Market

Opportunities

  • Retrofitting of Existing Buildings with VRF System

The U.S. building infrastructure is dominated by older constructions, many of which rely on traditional HVAC duct systems for climate control. As the government emphasizes the need for energy-efficient buildings to reduce carbon footprints, there is a growing shift towards replacing outdated HVAC systems with more advanced technologies. Among these, Variable Refrigerant Flow (VRF) systems stand out due to their superior energy efficiency and enhanced air quality. These benefits are driving a significant trend towards upgrading existing buildings, especially in commercial and residential sectors, to meet modern energy standards.

For instance,

  • In January 2023, according to the U.S. Department of Energy, The Buildings Upgrade Prize (Buildings UP) offered over USD 22 million in cash prizes and technical assistance to teams nationwide. The initiative aimed to accelerate energy efficiency and electrification upgrades in buildings. This move was intended to support the transition to clean energy, contributing to efforts to combat climate change

Increasing Partnership and Acquisition among Market Players

The U.S. Variable Refrigerant Flow (VRF) systems market is witnessing a notable trend of increased partnerships among manufacturers, suppliers, and technology providers. These collaborations are driven by the need to enhance product offerings, expand market reach, and stay competitive in a rapidly evolving market. For manufacturers, partnerships present a unique opportunity to leverage complementary strengths, share resources, and accelerate innovation. By joining forces, companies can pool their expertise in research and development, reduce costs, and introduce more advanced and energy-efficient VRF systems to the market. Moreover, strategic alliances with construction firms, real estate developers, and HVAC service providers enable manufacturers to access new customer segments and distribution channels, thereby boosting their market presence and sales potential.

For instance,

  • In May 2024, Lennox and Samsung formed a joint venture, Samsung Lennox HVAC North America, to market ductless mini-split, AC, heat pump, and VRF systems in the U.S. and Canada. This partnership benefits Lennox International Inc. by integrating Samsung’s cutting-edge VRF technology into its product lineup and broadening its reach with the new "Lennox powered by Samsung" brand

Restraints/Challenges

  • Leakage in Refrigerant Causes Concern for Harmful Environmental Impacts

Refrigerant leakage is a critical issue for Variable Refrigerant Flow (VRF) systems, posing significant challenges for manufacturers as VRF systems rely on refrigerants to efficiently transfer heat, enabling precise temperature control across different zones within a building. However, the complexity of these systems, with their extensive network of pipes and connections, increases the chances of refrigerant leaks. These leaks can occur due to improper installation, wear and tear, or manufacturing defects. For manufacturers, ensuring the integrity of the system throughout its lifecycle is essential, as even minor leaks can lead to significant operational inefficiencies and costly repairs.

For instance,

  • According to AGS Controls, leaks in VRF systems posed significant dangers, including environmental harm, health risks, and equipment damage. Refrigerant gases such as R1234yf, R1234ze, R134a, R32, R404a, R407c, R410a, R454a, R454b, R454c, and R455a, used in these systems, contributed to ozone depletion and global warming when released into the atmosphere. Exposure to these gases also caused adverse health effects.

Installation Complexity of VRF System

The installation of Variable Refrigerant Flow (VRF) systems is a highly detailed process that requires specialized knowledge and precise execution. Unlike conventional HVAC systems, VRF installations involve detailed planning and design, as each component must be carefully configured to ensure optimal performance across multiple zones. The complexity begins with the system's layout, where accurate calculations are necessary to determine the proper connecting of refrigerant lines and the placement of indoor and outdoor units. Additionally, the installation process demands a thorough understanding of electrical connections, control systems, and communication protocols to ensure that all components work harmoniously. The requirement for skilled labor further complicates the installation, as technicians must be well-versed in the nuances of VRF technology. Even minor errors during installation can lead to inefficiencies, increased energy consumption, or system malfunctions, making it crucial for manufacturers to provide extensive training and support to their installers.

For instance,

  • In February 2024, according to Vipul AC, the installation complexity of VRF systems, which require specialized expertise for refrigerant piping and control systems, created challenges for market growth
  • In June 2023, according to Interact Media Defined, the installation of VRF systems proved complex, requiring qualified, experienced installers. The process often involved modifying existing structures, including ducting and electrical upgrades. Ensuring safety and adherence to all relevant regulations and standards was crucial

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

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Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

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Variable Refrigerant Flow (VRF) Systems Market Scope

The market is segmented on the basis of component, product, type, deployment, applications, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Component

  • Outdoor Units
  • Indoor Units
  • Control Systems
  • Accessories

Capacity

  • Upto 10 Tons
  • 11 to 18 Tons
  • 19 to 26 Tons
  • Above 26 Tons

System Type

  • Heat Pump Systems
  • Heat Recovery Systems

Application

  • Commercial
  • Residential
  • Others

Variable Refrigerant Flow (VRF) Systems Market

Variable Refrigerant Flow (VRF) Systems Market Regional Analysis

The market is analyzed and market size insights and trends are provided by component, capacity, system type, and application as referenced above.

The countries covered in the market are U.S

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of country brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Variable Refrigerant Flow (VRF) Systems Market Share

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, country presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Variable Refrigerant Flow (VRF) Systems Market Leaders Operating in the Market Are:

  • DAIKIN INDUSTRIES, Ltd, (U.S.)
  • Mitsubishi Electric Corporation, (U.S.)
  • Midea, (U.S.)
  • Johnson Controls., (U.S.)
  • LG Electronics. (U.S.)

Latest Developments in Variable Refrigerant Flow (VRF) Systems Market

  • In March 2023, Panasonic Holdings Corporation has completed the acquisition of Systemair AB's air-conditioning businesses, including Systemair AC SAS, Systemair S.r.l., and Tecnair S.p.A., for 100 million euros. This acquisition benefits Panasonic Holdings Corporation by enhancing its ability to meet growing environmental demands and regulations in Europe. By integrating Systemair's commercial hydronic systems with its own VRF systems, Panasonic can develop more efficient, environmentally friendly air-conditioning solutions, strengthening its market position and expanding its product offerings
  • In July 2021, Samsung HVAC, LLC (A subsidiary of Samsung Electronics) has teamed up with O'Connor Co. to broaden its product lineup with Samsung's residential and commercial heating and cooling solutions. This partnership allows Samsung to extend the distribution and market presence of its Variable Refrigerant Flow (VRF) systems through O'Connor Co.'s well-established network


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Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF THE U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATIONS

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 DBMR TRIPOD DATA VALIDATION MODEL

2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.6 DBMR MARKET POSITION GRID

2.7 MARKET APPLICATION COVERAGE GRID

2.8 MULTIVARIATE MODELING

2.9 COMPONENTS TIMELINE CURVE

2.1 SECONDARY SOURCES

2.11 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW

5.1 DRIVERS

5.1.1 GROWING FOCUS ON ENERGY-EFFICIENT VRF SYSTEMS

5.1.2 INCREASING ADOPTION OF SMART BUILDINGS/IOT-BASED VRF SYSTEMS

5.1.3 GROWING URBANIZATION AND INFRASTRUCTURE DEVELOPMENT FUELS THE VRF SYSTEM ADOPTION

5.1.4 STRINGENT ENVIRONMENTAL REGULATIONS ENCOURAGE ADOPTION OF ECO-FRIENDLY VRF SYSTEMS

5.2 RESTRAINTS

5.2.1 HIGH INSTALLATION AND SETUP COSTS FOR VRF SYSTEMS

5.2.2 REQUIREMENT FOR SKILLED WORKFORCE FOR COMPLEX MAINTENANCE OF VRF SYSTEMS

5.3 OPPORTUNITIES

5.3.1 RETROFITTING OF EXISTING BUILDINGS WITH VRF SYSTEM

5.3.2 INCREASING PARTNERSHIP AND ACQUISITION AMONG MARKET PLAYERS

5.3.3 DEVELOPMENT OF SUSTAINABLE HVAC SOLUTIONS

5.4 CHALLENGES

5.4.1 LEAKAGE IN REFRIGERANT CAUSES CONCERN FOR HARMFUL ENVIRONMENTAL IMPACTS

5.4.2 INSTALLATION COMPLEXITY OF VRF SYSTEM

6 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET, BY COMPONENTS

6.1 OVERVIEW

6.2 OUTDOOR UNITS

6.3 INDOOR

6.4 CONTROL SYSTEMS

6.5 ACCESSORIES

7 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET, BY CAPACITY

7.1 OVERVIEW

7.2 UPTO 10 TONS

7.3 11 TO 18 TONS

7.4 19 TO 26 TONS

7.5 ABOVE 26 TONS

8 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET, BY SYSTEMS TYPE

8.1 OVERVIEW

8.2 HEAT PUMP SYSTEMS

8.3 HEAT RECOVERY SYSTEMS

9 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET, BY APPLICATION

9.1 OVERVIEW

9.2 COMMERCIAL SEGMENT

9.3 RESIDENTIAL

9.4 OTHERS

10 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET, COMPANY LANDSCAPE

10.1 COMPANY SHARE ANALYSIS: U.S.

11 SWOT ANALYSIS

12 COMPANY PROFILE

12.1 SAMSUNG HVAC, LLC (A SUBSIDIARY OF SAMSUNG ELECTRONICS)

12.1.1 COMPANY SNAPSHOT

12.1.2 REVENUE ANALYSIS

12.1.3 PRODUCT PORTFOLIO

12.1.4 RECENT DEVELOPMENTS

12.2 DAIKIN INDUSTRIES, LTD.

12.2.1 COMPANY SNAPSHOT

12.2.2 REVENUE ANALYSIS

12.2.3 PRODUCT PORTFOLIO

12.2.4 RECENT DEVELOPMENTS

12.3 PANASONIC HOLDINGS CORPORATION

12.3.1 COMPANY SNAPSHOT

12.3.2 REVENUE ANALYSIS

12.3.3 PRODUCT PORTFOLIO

12.3.4 RECENT DEVELOPMENTS

12.4 MITSUBISHI ELECTRIC CORPORATION

12.4.1 COMPANY SNAPSHOT

12.4.2 REVENUE ANALYSIS

12.4.3 PRODUCT PORTFOLIO

12.4.4 RECENT DEVELOPMENTS

12.5 LG ELECTRONICS

12.5.1 COMPANY SNAPSHOT

12.5.2 REVENUE ANALYSIS

12.5.3 PRODUCT PORTFOLIO

12.5.4 RECENT DEVELOPMENTS

12.6 FUJITSU GENERAL

12.6.1 COMPANY SNAPSHOT

12.6.2 REVENUE ANALYSIS

12.6.3 PRODUCT PORTFOLIO

12.6.4 RECENT DEVELOPMENTS

12.7 INGERSOLL RAND

12.7.1 COMPANY SNAPSHOT

12.7.2 REVENUE ANALYSIS

12.7.3 PRODUCT PORTFOLIO

12.7.4 RECENT DEVELOPMENTS

12.8 JOHNSON CONTROLS INC.

12.8.1 COMPANY SNAPSHOT

12.8.2 REVENUE ANALYSIS

12.8.3 PRODUCT PORTFOLIO

12.8.4 RECENT DEVELOPMENTS

12.9 LENNOX INTERNATIONAL INC

12.9.1 COMPANY SNAPSHOT

12.9.2 REVENUE ANALYSIS

12.9.3 PRODUCT PORTFOLIO

12.9.4 RECENT DEVELOPMENTS

12.1 MIDEA

12.10.1 COMPANY SNAPSHOT

12.10.2 REVENUE ANALYSIS

12.10.3 PRODUCT PORTFOLIO

12.10.4 RECENT DEVELOPMENTS

13 QUESTIONNAIRE

14 RELATED REPORTS

List of Figure

FIGURE 1 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: SEGMENTATION

FIGURE 2 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: DATA TRIANGULATION

FIGURE 3 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: DROC ANALYSIS

FIGURE 4 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: COUNTRYWISE MARKET ANALYSIS

FIGURE 5 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: DBMR MARKET POSITION GRID

FIGURE 8 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: APPLICATION COVERAGE GRID

FIGURE 9 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: MULTIVARIATE MODELING

FIGURE 10 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: COMPONENTS TIMELINE CURVE

FIGURE 11 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: SEGMENTATION

FIGURE 12 GROWING FOCUS ON ENERGY EFFICIENT VRF SYSTEMS IS EXPECTED TO DRIVE THE U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET IN THE FORECAST PERIOD OF 2024 TO 2031

FIGURE 13 COMPONENT SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET IN 2024 & 2031

FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET

FIGURE 15 STATE AND LOCAL GOVERNMENTS RESPONSIBLE FOR MOST U.S. INFRASTRUCTURE SPENDING

FIGURE 16 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: BY COMPONENTS, 2023

FIGURE 17 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: BY CAPACITY, 2023

FIGURE 18 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: BY SYSTEM TYPE, 2023

FIGURE 19 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: BY APPLICATION, 2023

FIGURE 20 U.S. VARIABLE REFRIGERANT FLOW (VRF) SYSTEMS MARKET: COMPANY SHARE 2023 (%)

Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Frequently Asked Questions

The U.S. Variable Refrigerant Flow (VRF) Systems market size was valued at USD 12,803.37 in 2023.
The U.S. Variable Refrigerant Flow (VRF) Systems market is projected to grow at a CAGR of 6.3% from 2024 to 2031.
Some Of The Major Drivers Of The Market Is growing focus on energy-efficient vrf systems And increasing adoption of smart buildings/iot-based vrf systems.
DAIKIN INDUSTRIES, Ltd,(U.S.), Mitsubishi Electric Corporation (U.S.), Midea, Johnson Controls.(U.S.), and LG Electronics(U.S.)., among others. Are the major companies operating in this market.
The countries covered in the market are U.S.,