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$22.79 Billion VRF System Market 2017 by System Type, Component, Application, and Geography - Global Forecast to 2023
2017/11/01

October 30, 2017
DUBLIN--The "VRF System Market by System Type (Heat Pump, Heat Recovery), Component (Outdoor Unit, Indoor Unit, Control Systems, and Accessories), Application (Commercial: Office Buildings, Retail Stores, Residential), and Geography - Global Forecast to 2023" report has been added to Research and Markets’ offering.

 The VRF System Market is Estimated to Be Worth USD 22.79 Billion By 2023, Growing at a CAGR of 12.43% Between 2017 And 2023

The increasing adoption of heat pump and heat recovery systems in commercial and residential building application is expected to drive the growth of VRF system market from 2017 to 2023. A major factor restraining the growth of VRF system market is high installation cost.

On the basis of system type, the VRF system market has been classified into heat pump and heat recovery system. The market for heat recovery system is expected to grow at a higher CAGR during the forecast period. Heat recovery systems have the ability to provide heating and cooling simultaneously and are flexible enough to operate in different climatic conditions. These are the main reasons for the high growth of heat recovery system market between 2017 and 2023.

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