VRF/GHP
2.8 AUSTRALIA
According to the International Monetary Fund (IMF), Australia’s GDP in 2019 grew by 1.7% compared with 2018. The VRF market increased by 3.7% year on year, with total market demand at 15,900 ...
2.7 LATIN AMERICA
The political environment in Latin America has been unstable, and changes of government are the main causes of social and economic instability. In particular, during years in which general and preside...
2.6 INDIA
Reported by Rakesh Kumar, managing editor, ISHRAE Journal Economic Scenario India’s GDP growth for the financial year from April 2019 to March 2020 is estimated at 6.1%, against 7.3% in the ...
2.5 NORTH AMERICA
In 2019, the U.S. economy marked its longest recovery period since the Lehman Brothers bankruptcy in 2008. After the Obama administration, it continued to perform well, partly thanks to the effects of...
China Accelerates Development of 5G VRFs
At the end of March 2019, China’s first fifth generation (5G) call was placed in Shanghai. As of today, China has more than 50 million 5G subscribers. Shanghai alone plans to build 30,000 5G bas...
2.4 SE ASIA
In 2019, the overall situation of Southeast Asia’s economy was good. It is generally believed that the overall GDP of Southeast Asia grew by 5.2% in 2019. The Southeast Asian market is one of...
2.3 JAPAN
Japan’s actual economic growth rate was only 0.9% in 2019. The number of new apartments built declined, down by 16.3% in 2019 from the same period in 2018. This is the lowest level since 1992. ...
2.2 EUROPE
Growth of the European economy showed initial signs of stability in 2019. Weakness and uncertainty in international trade affected manufacturing, but strong growth was seen in the services and constru...
2.1 CHINA
In 2019, China’s VRF system market including residential and commercial systems grew by 3.8% year on year, with a total sales volume of million units. Among them, the commercial VRF market exper...
World VRF Market – 2020 Update: 1 OVERVIEW
According to JARN’s database, based on outdoor units, the global variable refrigerant flow (VRF) system market has reached 1.86 million units. The growth rate of VRFs was only 4.9% because of a ...
