The North America Variable Refrigerant Flow (VRF) Systems Market would witness market growth of 16.2% CAGR during the forecast period (2020-2026). Variable Refrigerant Flow (VRF) Systems are powered by an energy-efficient source that saves up to 40% energy compared to VAV electric coil and is a possible factor in the growth of the demand for variable refrigerant flow (VRF) systems. In addition, variable refrigerant flow (VRF) systems have heating, ventilation, and air-conditioning (HVAC) systems with lower costs. A key factor for the Variable Refrigerant Flow (VRF) system is its flexibility in controlling the units with a simple on and off cycle, as well as its ability to provide a different degree of heating and cooling to a different part of the building with variance in motor speed and refrigerant flow regulator.
For commercial purposes such as those in offices, a variable refrigerant flow system is more appealing than a variable air volume (VAV) system as the temperature can be regulated at each office thus adds as another potential factor to the growth of variable refrigerant flow (VRF) systems industry. Moreover, if a variable refrigerant flow is mounted in a smaller building, due to built-in controls provided by a variable refrigerant flow system and its ability to provide less energy consumption, it may provide a special advantage compared to features in a high-end building automation system.
Based on Type, the market is segmented into Heat Pump Systems and Heat Recovery Systems. Based on Component, the market is segmented into Outdoor Units, Indoor Units and Control Systems & Accessories. Based on End User, the market is segmented into Commercial, Residential and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: Variable Refrigerant Flow (VRF) Systems Market in North America is expected to register a CAGR of 16.2% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics, Inc. (LG Corporation), Daikin Industries, Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Fujitsu Limited, Trane Technologies PLC, Lennox International, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), and Johnson Controls International PLC.
Scope of the North America Variable Refrigerant Flow (VRF) Systems Market Analysis
Market Segmentation:
By Type
- Heat Pump Systems
- Heat Recovery Systems
By Component
- Outdoor Units
- Indoor Units
- Control Systems & Accessories
By End-User
- Commercial
- Residential
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Companies Profiled
- LG Electronics, Inc. (LG Corporation)
- Daikin Industries, Ltd.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Fujitsu Limited
- Trane Technologies PLC
- Lennox International, Inc.
- Panasonic Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Johnson Controls International PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Variable Refrigerant Flow (VRF) Systems Market, by Type
1.4.2 North America Variable Refrigerant Flow (VRF) Systems Market, by Component
1.4.3 North America Variable Refrigerant Flow (VRF) Systems Market, by End User
1.4.4 North America Variable Refrigerant Flow (VRF) Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jan – 2019, Nov) Leading Players
Chapter 4. North America VRF System Market by Type
4.1 North America VRF System Heat Pump Systems Market by Country
4.2 North America VRF System Heat Recovery Systems Market by Country
Chapter 5. North America VRF System Market by End Use
5.1 North America VRF System Commercial Market by Country
5.2 North America VRF System Residential Market by Country
5.3 North America Other End Use VRF System Market by Country
Chapter 6. North America VRF System Market by Component
6.1 North America Outdoor Units VRF System Market by Country
6.2 North America Indoor Units VRF System Market by Country
6.3 North America Control Systems & Accessories Market by Country
Chapter 7. North America VRF System Market by Country
7.1 US VRF System Market
7.1.1 US VRF System Market by Type
7.1.2 US VRF System Market by End Use
7.1.3 US VRF System Market by Component
7.2 Canada VRF System Market
7.2.1 Canada VRF System Market by Type
7.2.2 Canada VRF System Market by End Use
7.2.3 Canada VRF System Market by Component
7.3 Mexico VRF System Market
7.3.1 Mexico VRF System Market by Type
7.3.2 Mexico VRF System Market by End Use
7.3.3 Mexico VRF System Market by Component
7.4 Rest of North America VRF System Market
7.4.1 Rest of North America VRF System Market by Type
7.4.2 Rest of North America VRF System Market by End Use
7.4.3 Rest of North America VRF System Market by Component
Chapter 8. Company Profiles
8.1 LG Electronics, Inc. (LG Corporation)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.2 Daikin Industries, Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Toshiba Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research and Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Mitsubishi Electric Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 Fujitsu Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Partnerships, Collaborations, and Agreements:
8.5.4 SWOT Analysis
8.6 Trane Technologies PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.7 Lennox International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Panasonic Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Samsung Electronics Co., Ltd. (Samsung Group)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.1 Johnson Controls International PLC
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.5.2 Geographical Expansions:
8.10.6 SWOT Analysis
TABLE 1 North America VRF System Market, 2016 - 2019, USD Million
TABLE 2 North America VRF System Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Variable Refrigerant Flow (VRF) Systems Market
TABLE 4 Product Launches And Product Expansions– Variable Refrigerant Flow (VRF) Systems Market
TABLE 5 Geographical Expansions– Variable Refrigerant Flow (VRF) Systems Market
TABLE 6 Mergers & Acquisitions – Variable Refrigerant Flow (VRF) Systems Market
TABLE 7 North America VRF System Market by Type, 2016 - 2019, USD Million
TABLE 8 North America VRF System Market by Type, 2020 - 2026, USD Million
TABLE 9 North America VRF System Heat Pump Systems Market by Country, 2016 - 2019, USD Million
TABLE 10 North America VRF System Heat Pump Systems Market by Country, 2020 - 2026, USD Million
TABLE 11 North America VRF System Heat Recovery Systems Market by Country, 2016 - 2019, USD Million
TABLE 12 North America VRF System Heat Recovery Systems Market by Country, 2020 - 2026, USD Million
TABLE 13 North America VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 14 North America VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 15 North America VRF System Commercial Market by Country, 2016 - 2019, USD Million
TABLE 16 North America VRF System Commercial Market by Country, 2020 - 2026, USD Million
TABLE 17 North America VRF System Residential Market by Country, 2016 - 2019, USD Million
TABLE 18 North America VRF System Residential Market by Country, 2020 - 2026, USD Million
TABLE 19 North America Other End Use VRF System Market by Country, 2016 - 2019, USD Million
TABLE 20 North America Other End Use VRF System Market by Country, 2020 - 2026, USD Million
TABLE 21 North America VRF System Market by Component, 2016 - 2019, USD Million
TABLE 22 North America VRF System Market by Component, 2020 - 2026, USD Million
TABLE 23 North America Outdoor Units VRF System Market by Country, 2016 - 2019, USD Million
TABLE 24 North America Outdoor Units VRF System Market by Country, 2020 - 2026, USD Million
TABLE 25 North America Indoor Units VRF System Market by Country, 2016 - 2019, USD Million
TABLE 26 North America Indoor Units VRF System Market by Country, 2020 - 2026, USD Million
TABLE 27 North America Control Systems & Accessories Market by Country, 2016 - 2019, USD Million
TABLE 28 North America Control Systems & Accessories Market by Country, 2020 - 2026, USD Million
TABLE 29 North America VRF System Market by Country, 2016 - 2019, USD Million
TABLE 30 North America VRF System Market by Country, 2020 - 2026, USD Million
TABLE 31 US VRF System Market, 2016 - 2019, USD Million
TABLE 32 US VRF System Market, 2020 - 2026, USD Million
TABLE 33 US VRF System Market by Type, 2016 - 2019, USD Million
TABLE 34 US VRF System Market by Type, 2020 - 2026, USD Million
TABLE 35 US VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 36 US VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 37 US VRF System Market by Component, 2016 - 2019, USD Million
TABLE 38 US VRF System Market by Component, 2020 - 2026, USD Million
TABLE 39 Canada VRF System Market, 2016 - 2019, USD Million
TABLE 40 Canada VRF System Market, 2020 - 2026, USD Million
TABLE 41 Canada VRF System Market by Type, 2016 - 2019, USD Million
TABLE 42 Canada VRF System Market by Type, 2020 - 2026, USD Million
TABLE 43 Canada VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 44 Canada VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 45 Canada VRF System Market by Component, 2016 - 2019, USD Million
TABLE 46 Canada VRF System Market by Component, 2020 - 2026, USD Million
TABLE 47 Mexico VRF System Market, 2016 - 2019, USD Million
TABLE 48 Mexico VRF System Market, 2020 - 2026, USD Million
TABLE 49 Mexico VRF System Market by Type, 2016 - 2019, USD Million
TABLE 50 Mexico VRF System Market by Type, 2020 - 2026, USD Million
TABLE 51 Mexico VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 52 Mexico VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 53 Mexico VRF System Market by Component, 2016 - 2019, USD Million
TABLE 54 Mexico VRF System Market by Component, 2020 - 2026, USD Million
TABLE 55 Rest of North America VRF System Market, 2016 - 2019, USD Million
TABLE 56 Rest of North America VRF System Market, 2020 - 2026, USD Million
TABLE 57 Rest of North America VRF System Market by Type, 2016 - 2019, USD Million
TABLE 58 Rest of North America VRF System Market by Type, 2020 - 2026, USD Million
TABLE 59 Rest of North America VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 60 Rest of North America VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 61 Rest of North America VRF System Market by Component, 2016 - 2019, USD Million
TABLE 62 Rest of North America VRF System Market by Component, 2020 - 2026, USD Million
TABLE 63 Key information – LG Electronics, Inc.
TABLE 64 Key information – Daikin Industries, Ltd.
TABLE 65 Key Information – Toshiba Corporation
TABLE 66 key information – Mitsubishi Electric Corporation
TABLE 67 Key Information – Fujitsu Limited
TABLE 68 Key Information – Trane Technologies PLC
TABLE 69 Key information – Lennox International, Inc.
TABLE 70 Key Information – Panasonic Corporation
TABLE 71 Key Information –Samsung Electronics Co., Ltd.
TABLE 72 Key Information – Johnson Controls International PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jan – 2019, Nov) Leading Players
FIG 5 Recent strategies and developments: Daikin Industries, Ltd.
FIG 6 SWOT Analysis: Daikin Industries. Ltd.
FIG 7 Recent strategies and developments: Toshiba Corporation
FIG 8 SWOT Analysis: Toshiba Corporation
FIG 9 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 10 SWOT Analysis: Mitsubishi Electric Corporation
FIG 11 SWOT Analysis: Fujitsu Limited
FIG 12 Recent strategies and developments: Trane Technologies PLC
FIG 13 Recent strategies and developments: Panasonic Corporation
FIG 14 SWOT Analysis: Panasonic Corporation
FIG 15 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 16 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 17 Recent strategies and developments: Johnson Controls International PLC
FIG 18 swot analsyis: Johnson controls international plc