World VRF Market – 2022 Update - 1 OVERVIEW - 1.1 Global Situation

Global demand for variable refrigerant flow (VRF) systems in 2021 rebounded after having hit the bottom in 2020, and almost all major markets have shown a recovery trend, although they still do not seem to have recovered to the level prior to the pandemic in 2019.
According to JARN’s database, the global VRF market increased by 15.5% compared with 2020, reaching 2.08 million units based on outdoor units.