Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global VRF HVAC System Market by Type (Horizontal Branch Pipe, Vertical Branch Pipe), By Application (Commercial, Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global VRF HVAC System Market by Type (Horizontal Branch Pipe, Vertical Branch Pipe), By Application (Commercial, Residential) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 273114 4200 Machinery & Equipment 377 218 Pages 4.7 (49)
                                          

Market Overview:


The global VRF HVAC system market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient and environment-friendly cooling and heating systems. Additionally, the growing construction industry is also fueling the growth of the VRF HVAC system market. The global VRF HVAC system market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into horizontal branch pipe and vertical branch pipe systems. The horizontal branch pipe segment is expected to account for a larger share in terms of revenue in 2018 as compared to vertical branch pipe segment owing to its higher adoption rates across commercial applications such as office buildings, hospitals, schools & colleges etc.


Global VRF HVAC System Industry Outlook


Product Definition:


A VRF HVAC system is a type of heating, ventilation, and air conditioning (HVAC) system that allows for individual climate control in each room. This type of system uses multiple indoor units connected to a single outdoor unit. The indoor units can be placed in different areas of the building, allowing for customized comfort in each area. The importance of VRF HVAC systems lies in their ability to provide individualized climate control and energy efficiency.


Horizontal Branch Pipe:


Horizontal Branch Pipe (HBP) is a flexible pipe that branches off from the main pipeline and travels horizontally in the floor or roof space of a building. It is used to carry hot and cold water for various purposes such as heating, cooling, sanitary drainage, hydronic heating/cooling systems, fire protection services and emergency repairs.


Vertical Branch Pipe:


Vertical Branch Pipe (VBP) is a vertical assembly of pipes that are used to distribute the flow of fluid in a building. It is mainly used in HVAC systems for cooling or heating the air inside a building. VBP consists of one or more loops, which are suspended from the ceiling by means of chains, ropes, cables, rods or wires. The number and length of these pipes can vary depending on the application and space availability inside a building.


Application Insights:


The commercial application segment accounted for the largest share of over 70.0% in 2017. The growth can be attributed to the increasing adoption of VRF systems in shopping malls, office buildings, hospitals and hotels among other commercial spaces. Furthermore, an increase in construction activities for new offices and business centers is expected to drive demand over the forecast period.


The residential application segment is projected to witness significant growth over the forecast period owing to rising consumer disposable income levels coupled with a rise in housing ownership rates globally since 2015. This has led to increased penetration of air conditioning systems especially vertical type VRF HVAC system among residential buildings which has supported market growth across regions during recent years as well as predicted to do so during future too (see figure 1).


Regional Analysis:


North America dominated the global market in 2017 owing to the presence of a large number of data centers in the region. The growth can also be attributed to increasing adoption of cloud-based services, which require high-quality infrastructure for proper functioning. Furthermore, growing demand for on-demand and flexible IT infrastructure is expected to drive regional growth over the forecast period.


Asia Pacific is projected to witness significant growth over the forecast period owing to rising construction activities across various commercial and residential applications in countries such as China, Japan, India, Australia and New Zealand (CINZ). In addition, rapid urbanization coupled with government initiatives aimed at providing energy efficient solutions through advanced HVAC systems will augment regional demand during the forecast years.


Growth Factors:


  • Increasing demand for energy-efficient systems: The global market for VRF HVAC systems is expected to grow at a CAGR of more than 9% from 2016 to 2020. This growth can be attributed to the increasing demand for energy-efficient systems across the world.
  • Rising awareness about environment-friendly cooling solutions: There is a growing awareness among consumers about environment-friendly cooling solutions, which is driving the adoption of VRF HVAC systems globally.
  • Growing construction and infrastructure activities: The growth in construction and infrastructure activities across the globe is fueling the demand for VRF HVAC systems.
  • Technological advancements: The advent of new technologies such as inverter technology has led to significant improvements in VRF HVAC system performance, which is resulting in an increase in their adoption worldwide.

Scope Of The Report

Report Attributes

Report Details

Report Title

VRF HVAC System Market Research Report

By Type

Horizontal Branch Pipe, Vertical Branch Pipe

By Application

Commercial, Residential

By Companies

Daikin, LG, Samsung HVAC, Toshiba, Mitsubishi Electric, Johnson Controls, Trane, Carrier, Geely, Midea, Daikin

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

218

Number of Tables & Figures

153

Customization Available

Yes, the report can be customized as per your need.


Global VRF HVAC System Market Report Segments:

The global VRF HVAC System market is segmented on the basis of:

Types

Horizontal Branch Pipe, Vertical Branch Pipe

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Commercial, Residential

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Daikin
  2. LG
  3. Samsung HVAC
  4. Toshiba
  5. Mitsubishi Electric
  6. Johnson Controls
  7. Trane
  8. Carrier
  9. Geely
  10. Midea
  11. Daikin

Global VRF HVAC System Market Overview


Highlights of The VRF HVAC System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Horizontal Branch Pipe
    2. Vertical Branch Pipe
  1. By Application:

    1. Commercial
    2. Residential
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the VRF HVAC System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global VRF HVAC System Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


A VRF HVAC system is a type of air conditioning that uses variable refrigerant flow (VRF) technology. This system allows the AC unit to control the amount of cooling or heating delivered to specific areas in a building, based on the temperature and humidity levels in those areas.

Some of the key players operating in the vrf hvac system market are Daikin, LG, Samsung HVAC, Toshiba, Mitsubishi Electric, Johnson Controls, Trane, Carrier, Geely, Midea, Daikin.

The vrf hvac system market is expected to register a CAGR of 6.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 VRF HVAC System Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 VRF HVAC System Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 VRF HVAC System Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the VRF HVAC System Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global VRF HVAC System Market Size & Forecast, 2018-2028       4.5.1 VRF HVAC System Market Size and Y-o-Y Growth       4.5.2 VRF HVAC System Market Absolute $ Opportunity

Chapter 5 Global VRF HVAC System Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 VRF HVAC System Market Size Forecast by Type
      5.2.1 Horizontal Branch Pipe
      5.2.2 Vertical Branch Pipe
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global VRF HVAC System Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 VRF HVAC System Market Size Forecast by Applications
      6.2.1 Commercial
      6.2.2 Residential
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global VRF HVAC System Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 VRF HVAC System Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America VRF HVAC System Analysis and Forecast
   9.1 Introduction
   9.2 North America VRF HVAC System Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America VRF HVAC System Market Size Forecast by Type
      9.6.1 Horizontal Branch Pipe
      9.6.2 Vertical Branch Pipe
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America VRF HVAC System Market Size Forecast by Applications
      9.10.1 Commercial
      9.10.2 Residential
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe VRF HVAC System Analysis and Forecast
   10.1 Introduction
   10.2 Europe VRF HVAC System Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe VRF HVAC System Market Size Forecast by Type
      10.6.1 Horizontal Branch Pipe
      10.6.2 Vertical Branch Pipe
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe VRF HVAC System Market Size Forecast by Applications
      10.10.1 Commercial
      10.10.2 Residential
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific VRF HVAC System Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific VRF HVAC System Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific VRF HVAC System Market Size Forecast by Type
      11.6.1 Horizontal Branch Pipe
      11.6.2 Vertical Branch Pipe
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific VRF HVAC System Market Size Forecast by Applications
      11.10.1 Commercial
      11.10.2 Residential
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America VRF HVAC System Analysis and Forecast
   12.1 Introduction
   12.2 Latin America VRF HVAC System Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America VRF HVAC System Market Size Forecast by Type
      12.6.1 Horizontal Branch Pipe
      12.6.2 Vertical Branch Pipe
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America VRF HVAC System Market Size Forecast by Applications
      12.10.1 Commercial
      12.10.2 Residential
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) VRF HVAC System Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) VRF HVAC System Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) VRF HVAC System Market Size Forecast by Type
      13.6.1 Horizontal Branch Pipe
      13.6.2 Vertical Branch Pipe
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) VRF HVAC System Market Size Forecast by Applications
      13.10.1 Commercial
      13.10.2 Residential
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 VRF HVAC System Market: Competitive Dashboard
   14.2 Global VRF HVAC System Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Daikin
      14.3.2 LG
      14.3.3 Samsung HVAC
      14.3.4 Toshiba
      14.3.5 Mitsubishi Electric
      14.3.6 Johnson Controls
      14.3.7 Trane
      14.3.8 Carrier
      14.3.9 Geely
      14.3.10 Midea
      14.3.11 Daikin

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