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  • Writer's picturesiddhesh kapshikar
    • Nov 27, 2023
    • 4 min read

VRF System Component Market, Global Outlook and Forecast 2023-2030

The global VRF System Component market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


VRF systems include three major components, a compressor with outdoor coil and multiple indoor fan coil units. The outdoor unit houses the compressor which acts as a pump pushing refrigerant through piping to the indoor coils and back.


This report aims to provide a comprehensive presentation of the global market for VRF System Component, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding VRF System Component. This report contains market size and forecasts of VRF System Component in global, including the following market information:


Global VRF System Component Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global VRF System Component Market Sales, 2018-2023, 2024-2030, (K Units)

Global top five VRF System Component companies in 2022 (%)


The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

Outdoor Units Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of VRF System Component include Daikin, Toshiba, Mitsubishi Electric, Midea Group, Johnson Controls and LG Electronics, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the VRF System Component manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global VRF System Component Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global VRF System Component Market Segment Percentages, by Type, 2022 (%)


  • Outdoor Units

  • Indoor Units

  • Control Systems and Accessories


Global VRF System Component Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global VRF System Component Market Segment Percentages, by Application, 2022 (%)


  • Commercial

  • Residential

  • Others


Global VRF System Component Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global VRF System Component Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa


Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies VRF System Component revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies VRF System Component revenues share in global market, 2022 (%)

  • Key companies VRF System Component sales in global market, 2018-2023 (Estimated), (K Units)

  • Key companies VRF System Component sales share in global market, 2022 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • Daikin

  • Toshiba

  • Mitsubishi Electric

  • Midea Group

  • Johnson Controls

  • LG Electronics


Outline of Major Chapters:

Chapter 1: Introduces the definition of VRF System Component, market overview.

Chapter 2: Global VRF System Component market size in revenue and volume.

Chapter 3: Detailed analysis of VRF System Component manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of VRF System Component in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global VRF System Component capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports1.1 VRF System Component Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global VRF System Component Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global VRF System Component Overall Market Size2.1 Global VRF System Component Market Size: 2022 VS 20302.2 Global VRF System Component Revenue, Prospects & Forecasts: 2018-20302.3 Global VRF System Component Sales: 2018-20303 Company Landscape3.1 Top VRF System Component Players in Global Market3.2 Top Global VRF System Component Companies Ranked by Revenue3.3 Global VRF System Component Revenue by Companies3.4 Global VRF System Component Sales by Companies3.5 Global VRF System Component Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 VRF System Component Companies in Global Market, by Revenue in 20223.7 Global Manufacturers VRF System Component Product Type3.8 Tier 1, Tier 2 and Tier 3 VRF System Component Players in Global Market3.8.1 List of Global Tier 1 VRF System Component Companies3.8.2 List of Global Tier 2 and Tier 3 VRF System Component Companies4 Sights by Product4.1 Overview4.1.1 By Type - Glob

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