World VRF Market--1 OVERVIEW

Despite the unfavorable global economic situation and weather conditions in 2018, the VRF market still achieved a relatively good performance compared with the air conditioning market as a whole. According to JARN statistics, based on outdoor units, the global VRF market has reached 1.77 million units, an increase of 5.7% over the previous year. China, Japan, and South Korea are the world’s three major VRF markets as well as global production bases.