JAPAN

Japan is the birthplace of VRF and has the second-largest market scale in the world after China. According to JRAIA, VRF shipments in Japan reached 134,800 units in 2017, a 3.7% increase compared with 2016.
The replacement market in Japan is very large. Many old air conditioners in buildings need to be replaced with higher energy-saving VRFs. Replacement demand accounts for nearly half of the total VRF market.