- In November 2024, Toshiba Carrier launched a heat recovery VRF system aimed at improving energy efficiency in large commercial spaces such as hotels and office complexes. This innovative system offers simultaneous heating and cooling, reducing energy consumption while ensuring optimal comfort levels in expansive commercial buildings. It highlights Toshiba Carrier’s commitment to sustainable energy solutions
- In September 2024, Daikin launched the VRV 5 system, a breakthrough in energy-efficient HVAC technology. It uses R-32 refrigerant, reducing environmental impact while maintaining high performance. The system’s flexible installation design makes it suitable for commercial buildings, providing reliable, energy-efficient solutions that contribute to reducing overall operational costs and enhancing comfort
- In August 2024, Fujitsu General unveiled a compact VRF system tailored for small to medium-sized commercial spaces. Designed for urban areas, it offers high energy efficiency and is easy to install, responding to the growing demand for eco-friendly HVAC solutions in commercial buildings. This system ensures cost-effective and sustainable energy use in smaller spaces
- In July 2024, Mitsubishi Electric introduced advanced control solutions for its VRF systems, integrating IoT and AI technologies to optimize real-time performance and energy management. These enhancements enable greater precision in controlling energy usage, ensuring that the systems operate at peak efficiency while minimizing energy waste, providing smarter and more efficient HVAC solutions
- In September 2023, Johnson Controls-Hitachi Air Conditioning unveiled a VRF heat pump designed for cold climates. This system delivers outstanding heating efficiency and energy savings even in extremely low temperatures. Tailored for commercial and residential buildings in colder regions, it ensures optimal performance and cost-effective energy use throughout harsh winter conditions
- In April 2022, Samsung expanded its air conditioning range with the DVM S2 Variable Refrigerant Flow (VRF) outdoor unit, designed for both cooling and heating. Featuring WindFree technology, it diffuses air through 23,000 micro-holes at low velocity, creating a draught-free environment. This versatile system is available in various capacities, offering enhanced comfort and energy efficiency
Frequently Asked Questions
The market is segmented based on Global Variable Refrigerant Flow (VRF) Systems Market Segmentation, By Component (Outdoor Units, Indoor Units, and Control Systems and Accessories), Capacity (Up to 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, Industrial, Healthcare, and Education) – Industry Trends and Forecast to 2032
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The Global Variable Refrigerant Flow Vrf Systems Market size was valued at USD 14.50 USD Billion in 2024.
The Global Variable Refrigerant Flow Vrf Systems Market is projected to grow at a CAGR of 11% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
