VRF/GHP
2.9 Middle East
The Middle Eastern VRF market grew to 22,000 units in 2015. Almost all VRF systems were imported from overseas. The Middle Eastern VRF market was driven by growing population and an increasing number of large city development projects such as auditorium construction. These large-scale projects exert a major impact on VRF demand. In the case of government-led urban development projects, VRF ...
2.8 Australia
Over the past 10 years, VRF systems have been increasingly preferred in Australia over chillers for their higher efficiency. The market scale of VRF in 2015 was estimated at 11,000 units, indicating 2...
2.7 Latin America
The Latin American VRF market fell by 4.4% year on year, with market volume shrinking to 22,000 units. Heat pump types dominated the market, with weak demand for cooling-only VRF and heat recovery VRF. Water-cooled VRF systems accounted for about 10% of the market. Brazil maintained its position as Latin America’s largest VRF market, followed by Mexico and Argentina. Several countrie...
2.6 Korea
The market for VRF systems in Korea has expanded along with rising demand for cooling more than one room per residence. A high-rise apartment construction boom has created demand for VRF systems for r...
2.5 India
VRF took a large share of commercial projects in India and demand in 2015 was estimated at 31,000 units, showing 20.8% year-on-year growth. Its most common application is multi-story residential build...
2.4 United States
Almost all leading air conditioner manufacturers are keeping an eye on VRF market prospects in the United States. The U.S. VRF market amounted to 35,000 units in 2015, indicating a 8.6% growth ...
2.3 Japan
Japan is the birthplace of VRF and has the second-largest market scale in the world after China. VRF shipments in 2015 are estimated at 127,000 units, a 5.2% decrease compared with 2014. Japan is a mature market, and Japanese companies are attempting to strengthen their leading position in the VRF segment by developing more advanced and diverse VRF systems. They have developed networked sys...
2.2 Europe
The European VRF market increased by 4.4% year on year, reaching 122,000 units in 2015. Turkey, the United Kingdom, and France are the top three markets in Europe, accounting for a combined market sha...
2.1 China
VRFs have maintained rapid growth in China over the past 10 years, but this growth has started to slow along with decelerated growth in the real estate sector. VRF is favored by design firms and real ...
2. World VRF Market
Just like other air conditioner products, VRF was impacted by the gloomy economy, presenting various degrees of stagnation or downturns in major markets. JARN estimates that the world market sc...
