The global VRF System Component market size was valued at US$ 678.9 million in 2024 and is projected to reach US$ 967.8 million by 2030, at a CAGR of 6.1% during the forecast period 2024-2030.
The United States VRF System Component market size was valued at US$ 223.4 million in 2024 and is projected to reach US$ 312.4 million by 2030, at a CAGR of 5.8% during the forecast period 2024-2030.
Components for variable refrigerant flow HVAC systems.
Commercial buildings lead 45%. Multi-family housing represents 35%. Energy efficiency growing 32%. Smart building shows 30%. IoT integration expanding 28%.
Report Overview
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 provides a deep insight into the global VRF System Component market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global VRF System Component Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the VRF System Component market in any manner.
Global VRF System Component Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
Daikin
Toshiba
Mitsubishi Electric
Midea Group
Johnson Controls
LG Electronics
Market Segmentation (by Type)
Outdoor Units
Indoor Units
Control Systems and Accessories
Market Segmentation (by Application)
Commercial
Residential
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the VRF System Component Market
Overview of the regional outlook of the VRF System Component Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
TABLE OF CONTENTS
Table of Contents
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of VRF System Component
1.2 Key Market Segments
1.2.1 VRF System Component Segment by Type
1.2.2 VRF System Component Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 VRF System Component Market Overview
2.1 Global Market Overview
2.1.1 Global VRF System Component Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global VRF System Component Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 VRF System Component Market Competitive Landscape
3.1 Global VRF System Component Sales by Manufacturers (2019-2024)
3.2 Global VRF System Component Revenue Market Share by Manufacturers (2019-2024)
3.3 VRF System Component Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global VRF System Component Average Price by Manufacturers (2019-2024)
3.5 Manufacturers VRF System Component Sales Sites, Area Served, Product Type
3.6 VRF System Component Market Competitive Situation and Trends
3.6.1 VRF System Component Market Concentration Rate
3.6.2 Global 5 and 10 Largest VRF System Component Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 VRF System Component Industry Chain Analysis
4.1 VRF System Component Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of VRF System Component Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 VRF System Component Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global VRF System Component Sales Market Share by Type (2019-2024)
6.3 Global VRF System Component Market Size Market Share by Type (2019-2024)
6.4 Global VRF System Component Price by Type (2019-2024)
7 VRF System Component Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global VRF System Component Market Sales by Application (2019-2024)
7.3 Global VRF System Component Market Size (M USD) by Application (2019-2024)
7.4 Global VRF System Component Sales Growth Rate by Application (2019-2024)
8 VRF System Component Market Segmentation by Region
8.1 Global VRF System Component Sales by Region
8.1.1 Global VRF System Component Sales by Region
8.1.2 Global VRF System Component Sales Market Share by Region
8.2 North America
8.2.1 North America VRF System Component Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe VRF System Component Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific VRF System Component Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America VRF System Component Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa VRF System Component Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Daikin
9.1.1 Daikin VRF System Component Basic Information
9.1.2 Daikin VRF System Component Product Overview
9.1.3 Daikin VRF System Component Product Market Performance
9.1.4 Daikin Business Overview
9.1.5 Daikin VRF System Component SWOT Analysis
9.1.6 Daikin Recent Developments
9.2 Toshiba
9.2.1 Toshiba VRF System Component Basic Information
9.2.2 Toshiba VRF System Component Product Overview
9.2.3 Toshiba VRF System Component Product Market Performance
9.2.4 Toshiba Business Overview
9.2.5 Toshiba VRF System Component SWOT Analysis
9.2.6 Toshiba Recent Developments
9.3 Mitsubishi Electric
9.3.1 Mitsubishi Electric VRF System Component Basic Information
9.3.2 Mitsubishi Electric VRF System Component Product Overview
9.3.3 Mitsubishi Electric VRF System Component Product Market Performance
9.3.4 Mitsubishi Electric VRF System Component SWOT Analysis
9.3.5 Mitsubishi Electric Business Overview
9.3.6 Mitsubishi Electric Recent Developments
9.4 Midea Group
9.4.1 Midea Group VRF System Component Basic Information
9.4.2 Midea Group VRF System Component Product Overview
9.4.3 Midea Group VRF System Component Product Market Performance
9.4.4 Midea Group Business Overview
9.4.5 Midea Group Recent Developments
9.5 Johnson Controls
9.5.1 Johnson Controls VRF System Component Basic Information
9.5.2 Johnson Controls VRF System Component Product Overview
9.5.3 Johnson Controls VRF System Component Product Market Performance
9.5.4 Johnson Controls Business Overview
9.5.5 Johnson Controls Recent Developments
9.6 LG Electronics
9.6.1 LG Electronics VRF System Component Basic Information
9.6.2 LG Electronics VRF System Component Product Overview
9.6.3 LG Electronics VRF System Component Product Market Performance
9.6.4 LG Electronics Business Overview
9.6.5 LG Electronics Recent Developments
10 VRF System Component Market Forecast by Region
10.1 Global VRF System Component Market Size Forecast
10.2 Global VRF System Component Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe VRF System Component Market Size Forecast by Country
10.2.3 Asia Pacific VRF System Component Market Size Forecast by Region
10.2.4 South America VRF System Component Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of VRF System Component by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global VRF System Component Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of VRF System Component by Type (2025-2030)
11.1.2 Global VRF System Component Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of VRF System Component by Type (2025-2030)
11.2 Global VRF System Component Market Forecast by Application (2025-2030)
11.2.1 Global VRF System Component Sales (K Units) Forecast by Application
11.2.2 Global VRF System Component Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings
LIST OF TABLES & FIGURES
List of Tables
Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. VRF System Component Market Size Comparison by Region (M USD)
Table 5. Global VRF System Component Sales (K Units) by Manufacturers (2019-2024)
Table 6. Global VRF System Component Sales Market Share by Manufacturers (2019-2024)
Table 7. Global VRF System Component Revenue (M USD) by Manufacturers (2019-2024)
Table 8. Global VRF System Component Revenue Share by Manufacturers (2019-2024)
Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in VRF System Component as of 2022)
Table 10. Global Market VRF System Component Average Price (USD/Unit) of Key Manufacturers (2019-2024)
Table 11. Manufacturers VRF System Component Sales Sites and Area Served
Table 12. Manufacturers VRF System Component Product Type
Table 13. Global VRF System Component Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 14. Mergers & Acquisitions, Expansion Plans
Table 15. Industry Chain Map of VRF System Component
Table 16. Market Overview of Key Raw Materials
Table 17. Midstream Market Analysis
Table 18. Downstream Customer Analysis
Table 19. Key Development Trends
Table 20. Driving Factors
Table 21. VRF System Component Market Challenges
Table 22. Global VRF System Component Sales by Type (K Units)
Table 23. Global VRF System Component Market Size by Type (M USD)
Table 24. Global VRF System Component Sales (K Units) by Type (2019-2024)
Table 25. Global VRF System Component Sales Market Share by Type (2019-2024)
Table 26. Global VRF System Component Market Size (M USD) by Type (2019-2024)
Table 27. Global VRF System Component Market Size Share by Type (2019-2024)
Table 28. Global VRF System Component Price (USD/Unit) by Type (2019-2024)
Table 29. Global VRF System Component Sales (K Units) by Application
Table 30. Global VRF System Component Market Size by Application
Table 31. Global VRF System Component Sales by Application (2019-2024) & (K Units)
Table 32. Global VRF System Component Sales Market Share by Application (2019-2024)
Table 33. Global VRF System Component Sales by Application (2019-2024) & (M USD)
Table 34. Global VRF System Component Market Share by Application (2019-2024)
Table 35. Global VRF System Component Sales Growth Rate by Application (2019-2024)
Table 36. Global VRF System Component Sales by Region (2019-2024) & (K Units)
Table 37. Global VRF System Component Sales Market Share by Region (2019-2024)
Table 38. North America VRF System Component Sales by Country (2019-2024) & (K Units)
Table 39. Europe VRF System Component Sales by Country (2019-2024) & (K Units)
Table 40. Asia Pacific VRF System Component Sales by Region (2019-2024) & (K Units)
Table 41. South America VRF System Component Sales by Country (2019-2024) & (K Units)
Table 42. Middle East and Africa VRF System Component Sales by Region (2019-2024) & (K Units)
Table 43. Daikin VRF System Component Basic Information
Table 44. Daikin VRF System Component Product Overview
Table 45. Daikin VRF System Component Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 46. Daikin Business Overview
Table 47. Daikin VRF System Component SWOT Analysis
Table 48. Daikin Recent Developments
Table 49. Toshiba VRF System Component Basic Information
Table 50. Toshiba VRF System Component Product Overview
Table 51. Toshiba VRF System Component Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 52. Toshiba Business Overview
Table 53. Toshiba VRF System Component SWOT Analysis
Table 54. Toshiba Recent Developments
Table 55. Mitsubishi Electric VRF System Component Basic Information
Table 56. Mitsubishi Electric VRF System Component Product Overview
Table 57. Mitsubishi Electric VRF System Component Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 58. Mitsubishi Electric VRF System Component SWOT Analysis
Table 59. Mitsubishi Electric Business Overview
Table 60. Mitsubishi Electric Recent Developments
Table 61. Midea Group VRF System Component Basic Information
Table 62. Midea Group VRF System Component Product Overview
Table 63. Midea Group VRF System Component Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 64. Midea Group Business Overview
Table 65. Midea Group Recent Developments
Table 66. Johnson Controls VRF System Component Basic Information
Table 67. Johnson Controls VRF System Component Product Overview
Table 68. Johnson Controls VRF System Component Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 69. Johnson Controls Business Overview
Table 70. Johnson Controls Recent Developments
Table 71. LG Electronics VRF System Component Basic Information
Table 72. LG Electronics VRF System Component Product Overview
Table 73. LG Electronics VRF System Component Sales (K Units), Revenue (M USD), Price (USD/Unit) and Gross Margin (2019-2024)
Table 74. LG Electronics Business Overview
Table 75. LG Electronics Recent Developments
Table 76. Global VRF System Component Sales Forecast by Region (2025-2030) & (K Units)
Table 77. Global VRF System Component Market Size Forecast by Region (2025-2030) & (M USD)
Table 78. North America VRF System Component Sales Forecast by Country (2025-2030) & (K Units)
Table 79. North America VRF System Component Market Size Forecast by Country (2025-2030) & (M USD)
Table 80. Europe VRF System Component Sales Forecast by Country (2025-2030) & (K Units)
Table 81. Europe VRF System Component Market Size Forecast by Country (2025-2030) & (M USD)
Table 82. Asia Pacific VRF System Component Sales Forecast by Region (2025-2030) & (K Units)
Table 83. Asia Pacific VRF System Component Market Size Forecast by Region (2025-2030) & (M USD)
Table 84. South America VRF System Component Sales Forecast by Country (2025-2030) & (K Units)
Table 85. South America VRF System Component Market Size Forecast by Country (2025-2030) & (M USD)
Table 86. Middle East and Africa VRF System Component Consumption Forecast by Country (2025-2030) & (Units)
Table 87. Middle East and Africa VRF System Component Market Size Forecast by Country (2025-2030) & (M USD)
Table 88. Global VRF System Component Sales Forecast by Type (2025-2030) & (K Units)
Table 89. Global VRF System Component Market Size Forecast by Type (2025-2030) & (M USD)
Table 90. Global VRF System Component Price Forecast by Type (2025-2030) & (USD/Unit)
Table 91. Global VRF System Component Sales (K Units) Forecast by Application (2025-2030)
Table 92. Global VRF System Component Market Size Forecast by Application (2025-2030) & (M USD)
List of Figures
Figure 1. Product Picture of VRF System Component
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global VRF System Component Market Size (M USD), 2019-2030
Figure 5. Global VRF System Component Market Size (M USD) (2019-2030)
Figure 6. Global VRF System Component Sales (K Units) & (2019-2030)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 8. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 9. Evaluation Matrix of Regional Market Development Potential
Figure 10. VRF System Component Market Size by Country (M USD)
Figure 11. VRF System Component Sales Share by Manufacturers in 2023
Figure 12. Global VRF System Component Revenue Share by Manufacturers in 2023
Figure 13. VRF System Component Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2023
Figure 14. Global Market VRF System Component Average Price (USD/Unit) of Key Manufacturers in 2023
Figure 15. The Global 5 and 10 Largest Players: Market Share by VRF System Component Revenue in 2023
Figure 16. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 17. Global VRF System Component Market Share by Type
Figure 18. Sales Market Share of VRF System Component by Type (2019-2024)
Figure 19. Sales Market Share of VRF System Component by Type in 2023
Figure 20. Market Size Share of VRF System Component by Type (2019-2024)
Figure 21. Market Size Market Share of VRF System Component by Type in 2023
Figure 22. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 23. Global VRF System Component Market Share by Application
Figure 24. Global VRF System Component Sales Market Share by Application (2019-2024)
Figure 25. Global VRF System Component Sales Market Share by Application in 2023
Figure 26. Global VRF System Component Market Share by Application (2019-2024)
Figure 27. Global VRF System Component Market Share by Application in 2023
Figure 28. Global VRF System Component Sales Growth Rate by Application (2019-2024)
Figure 29. Global VRF System Component Sales Market Share by Region (2019-2024)
Figure 30. North America VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 31. North America VRF System Component Sales Market Share by Country in 2023
Figure 32. U.S. VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 33. Canada VRF System Component Sales (K Units) and Growth Rate (2019-2024)
Figure 34. Mexico VRF System Component Sales (Units) and Growth Rate (2019-2024)
Figure 35. Europe VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 36. Europe VRF System Component Sales Market Share by Country in 2023
Figure 37. Germany VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 38. France VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 39. U.K. VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 40. Italy VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 41. Russia VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 42. Asia Pacific VRF System Component Sales and Growth Rate (K Units)
Figure 43. Asia Pacific VRF System Component Sales Market Share by Region in 2023
Figure 44. China VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 45. Japan VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 46. South Korea VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 47. India VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 48. Southeast Asia VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 49. South America VRF System Component Sales and Growth Rate (K Units)
Figure 50. South America VRF System Component Sales Market Share by Country in 2023
Figure 51. Brazil VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 52. Argentina VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 53. Columbia VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 54. Middle East and Africa VRF System Component Sales and Growth Rate (K Units)
Figure 55. Middle East and Africa VRF System Component Sales Market Share by Region in 2023
Figure 56. Saudi Arabia VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 57. UAE VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 58. Egypt VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 59. Nigeria VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 60. South Africa VRF System Component Sales and Growth Rate (2019-2024) & (K Units)
Figure 61. Global VRF System Component Sales Forecast by Volume (2019-2030) & (K Units)
Figure 62. Global VRF System Component Market Size Forecast by Value (2019-2030) & (M USD)
Figure 63. Global VRF System Component Sales Market Share Forecast by Type (2025-2030)
Figure 64. Global VRF System Component Market Share Forecast by Type (2025-2030)
Figure 65. Global VRF System Component Sales Forecast by Application (2025-2030)
Figure 66. Global VRF System Component Market Share Forecast by Application (2025-2030)
