Jun 22, 2018   SOURCE: BusinessWire

VRF System Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024 - ResearchAndMarkets.com

The "VRF System Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global VRF system market to grow with a CAGR of 11.9% over the period of 2018 - 2024

The study on VRF system market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2016 to 2024.

The various benefits of VRF systems such as high performance, energy efficiency and great potential offered by VRF system drives the growth of VRF system market globally. In addition, VRF has the low cost of providing heat, ventilation and air conditioning. Moreover, VRF systems require low maintenance.

These factors are expected escalate the market growth over the forecast period. On the downside, Complex guidelines for controlling the concentration limit of the refrigerator are restraining the market growth. Moreover, the growing adoption of VRF systems in the residential and commercial sectors due to its small and flexible design is projected to create more opportunities for the companies working in the VRF system.

The report on VRF system market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global VRF system market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

Segments Covered

Global VRF System Market by System Type

  • Heat Recovery Systems
  • Heat Pump Systems

Global VRF System Market by Component

  • Indoor Units
  • Outdoor Units
  • Control Systems and Accessories

Global VRF System Market by Application

  • Commercial
  • Residential
  • Others

Companies Profiled in the report

  • Lennox International
  • Daikin Industries
  • Mitsubishi Electric
  • United Technologies
  • Johnson Controls
  • Panasonic
  • Fujitsu Group
  • LG Electronics
  • Ingersoll Rand
  • Samsung Electronics

For more information about this report visit https://www.researchandmarkets.com/research/dkd9qr/vrf_system?w=4