World VRF Market: 1 OVERVIEW

The World Economic Outlook from the International Monetary Fund (IMF) reported that the global economic upswing that began around mid-2016 has become broader and stronger. The global economic growth rate reached 3.6% in 2017. Stimulated by the rising economy, the global variable refrigerant flow (VRF) system market continues to grow steadily and reached 1.7 million units in 2017 based on outdoor units, an increase of 13.5% over the previous year.
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