VRF Systems Market Research Report - Industry Size, Share and Forecast Till 2032

Table of Content

1 EXECUTIVE SUMMARY ............................................................................................................... 19

2 MARKET INTRODUCTION ............................................................................................................ 23
2.1 DEFINITION .................................................................................................................................................................. 23
2.2 SCOPE OF THE STUDY .............................................................................................................................................. 23
2.3 RESEARCH OBJECTIVE ............................................................................................................................................ 23
2.4 MARKET STRUCTURE .............................................................................................................................................. 24

3 RESEARCH METHODOLOGY ...................................................................................................... 25
3.1 OVERVIEW .................................................................................................................................................................... 25
3.2 DATA FLOW .................................................................................................................................................................. 27
3.2.1 DATA MINING PROCESS ................................................................................................................................. 27
3.3 PURCHASED DATABASE: ......................................................................................................................................... 28
3.4 SECONDARY SOURCES: ............................................................................................................................................ 29
3.4.1 SECONDARY RESEARCH DATA FLOW: ............................................................................................................. 30
3.5 PRIMARY RESEARCH: ............................................................................................................................................... 31
3.5.1 PRIMARY RESEARCH DATA FLOW: ................................................................................................................. 32
3.5.2 PRIMARY RESEARCH: NUMBER OF INTERVIEWS CONDUCTED ......................................................................... 33
3.5.3 PRIMARY RESEARCH: REGIONAL COVERAGE .................................................................................................. 33
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: ........................................................................................... 34
3.6.1 REVENUE ANALYSIS APPROACH ..................................................................................................................... 34
3.7 DATA FORECASTING................................................................................................................................................. 35
3.7.1 DATA FORECASTING TECHNIQUE .................................................................................................................... 35
3.8 DATA MODELING ........................................................................................................................................................ 36
3.8.1 MICROECONOMIC FACTOR ANALYSIS: ............................................................................................................ 36
3.8.2 DATA MODELING: ........................................................................................................................................... 37
3.9 TEAMS AND ANALYST CONTRIBUTION ........................................................................................................... 39

4 MARKET DYNAMICS .................................................................................................................... 41
4.1 INTRODUCTION ........................................................................................................................................................... 41
4.2 DRIVERS ......................................................................................................................................................................... 42
4.2.1 INCREASING DEMAND FOR ENERGY-EFFICIENT HVAC SOLUTIONS ................................................................... 42
4.2.2 RAPID URBANIZATION AND INFRASTRUCTURE DEVELOPMENT IN EMERGING ECONOMIES ............................... 42
4.2.3 TECHNOLOGICAL ADVANCEMENTS IN VRF SYSTEMS ...................................................................................... 42
4.3 RESTRAINT .................................................................................................................................................................. 44
4.3.1 HIGH INITIAL INSTALLATION COSTS ............................................................................................................... 44
4.3.2 LACK OF SKILLED WORKFORCE ....................................................................................................................... 44
4.4 OPPORTUNITY ............................................................................................................................................................. 46
4.4.1 GROWING ADOPTION OF SMART AND CONNECTED BUILDING SYSTEMS .......................................................... 46
4.4.2 EXPANDING APPLICATIONS IN EMERGING MARKETS ...................................................................................... 46

5 MARKET FACTOR ANALYSIS ...................................................................................................... 48
5.1 SUPPLY CHAIN ANALYSIS ..................................................................................................................................... 48
5.1.1 RAW MATERIAL SOURCING AND COMPONENT MANUFACTURING: ................................................................... 48
5.1.2 SYSTEM ASSEMBLY AND INTEGRATION: ......................................................................................................... 48
5.1.3 DISTRIBUTION AND LOGISTICS: ...................................................................................................................... 49
5.1.4 INSTALLATION AND AFTER-SALES SERVICES: ................................................................................................. 49
5.2 PORTER’S FIVE FORCES MODEL ........................................................................................................................... 50
5.2.1 THREAT OF NEW ENTRANTS (MODERATE TO HIGH): ....................................................................................... 51
5.2.2 BARGAINING POWER OF SUPPLIERS (MODERATE): .......................................................................................... 51
5.2.3 BARGAINING POWER OF BUYERS (HIGH): ........................................................................................................ 51
5.2.4 THREAT OF SUBSTITUTE PRODUCTS (MODERATE): ......................................................................................... 51
5.2.5 RIVALRY AMONG EXISTING COMPETITORS (HIGH): ......................................................................................... 52
6 GLOBAL VRF SYSTEMS MARKET, BY SYSTEM TYPE .............................................................. 54
6.1 OVERVIEW .................................................................................................................................................................... 54
6.2 HEAT PUMP VRF (2 PIPE SYSTEM) ..................................................................................................................... 55
6.3 HEAT RECOVERY VRF (3 PIPE SYSTEM) ........................................................................................................... 55
7 GLOBAL VRF SYSTEMS MARKET, BY COMPONENT ................................................................ 56
7.1 INTRODUCTION ........................................................................................................................................................... 56
7.2 OUTDOOR UNITS ......................................................................................................................................................... 57
7.3 INDOOR UNITS ............................................................................................................................................................. 57
7.4 CONTROL SYSTEMS .................................................................................................................................................. 58
7.5 ACCESSORIES ............................................................................................................................................................... 58

8 GLOBAL VRF SYSTEMS MARKET, BY END USE VERTICAL ..................................................... 59
8.1 INTRODUCTION ........................................................................................................................................................... 59
8.2 COMMERCIAL .............................................................................................................................................................. 60
8.3 RESIDENTIAL ............................................................................................................................................................... 60
8.4 INDUSTRIAL ................................................................................................................................................................. 61

9 GLOBAL VRF SYSTEMS MARKET, BY REGION ......................................................................... 62
9.1 OVERVIEW .................................................................................................................................................................... 62
9.1.1 GLOBAL VRF SYSTEMS MARKET, BY REGION, 2023 VS 2032 (USD MILLION) ..................................................... 62
9.1.2 GLOBAL VRF SYSTEMS MARKET, BY REGION, 2019–2032 (USD MILLION) ......................................................... 63
9.2 NORTH AMERICA ....................................................................................................................................................... 64
9.2.1 US.................................................................................................................................................................. 67
9.2.2 CANADA ........................................................................................................................................................ 68
9.2.3 MEXICO ......................................................................................................................................................... 68
9.3 EUROPE .......................................................................................................................................................................... 70
9.3.1 GERMANY ...................................................................................................................................................... 74
9.3.2 FRANCE ......................................................................................................................................................... 75
9.3.3 UK ................................................................................................................................................................. 76
9.3.4 ITALY ............................................................................................................................................................. 77
9.3.5 SPAIN ............................................................................................................................................................ 78
9.3.6 REST OF EUROPE ............................................................................................................................................ 79
9.4 ASIA-PACIFIC ............................................................................................................................................................... 80
9.4.1 CHINA ............................................................................................................................................................ 84
9.4.2 JAPAN ........................................................................................................................................................... 85
9.4.3 INDIA ............................................................................................................................................................. 86
9.4.4 SOUTH KOREA ................................................................................................................................................ 87
9.4.5 REST OF ASIA-PACIFIC ................................................................................................................................... 88
9.5 MIDDLE EAST & AFRICA .......................................................................................................................................... 89
9.6 SOUTH AMERICA ....................................................................................................................................................... 92

10 COMPETITIVE LANDSCAPE ........................................................................................................ 96
10.1 INTRODUCTION ........................................................................................................................................................... 96
10.2 MARKET SHARE ANALYSIS, 2023 (% SHARE) ................................................................................................. 97
10.3 COMPETITOR DASHBOARD..................................................................................................................................... 98
10.4 KEY DEVELOPMENTS & GROWTH STRATEGIES ............................................................................................ 99
10.4.1 PRODUCT LAUNCH/PRODUCT APPROVAL/PRODUCT DEVELOPMET ................................................................. 99
10.4.2 PARTNERSHIP/INVESTMENT .......................................................................................................................... 101

11 COMPANY PROFILE .................................................................................................................... 102
11.1 DAIKIN ............................................................................................................................................................................ 102
11.1.1 COMPANY OVERVIEW ..................................................................................................................................... 102
11.1.2 FINANCIAL OVERVIEW .................................................................................................................................... 103
11.1.3 PRODUCTS OFFERED ...................................................................................................................................... 103
11.1.4 KEY DEVELOPMENTS ...................................................................................................................................... 104
11.1.5 SWOT ANALYSIS ............................................................................................................................................ 104
11.1.6 KEY STRATEGIES ............................................................................................................................................ 104
11.2 LG ELECTRONICS ........................................................................................................................................................ 105
11.2.1 COMPANY OVERVIEW ..................................................................................................................................... 105
11.2.2 FINANCIAL OVERVIEW .................................................................................................................................... 106
11.2.3 PRODUCTS OFFERED ...................................................................................................................................... 106
11.2.4 KEY DEVELOPMENTS ...................................................................................................................................... 107
11.2.5 SWOT ANALYSIS ............................................................................................................................................ 108
11.2.6 KEY STRATEGIES ............................................................................................................................................ 108
11.3 CARRIER GLOBAL CORPORATION ........................................................................................................................ 109
11.3.1 COMPANY OVERVIEW ..................................................................................................................................... 109
11.3.2 FINANCIAL OVERVIEW .................................................................................................................................... 110
11.3.3 PRODUCTS OFFERED ...................................................................................................................................... 110
11.3.4 KEY DEVELOPMENTS ...................................................................................................................................... 111
11.3.5 SWOT ANALYSIS ............................................................................................................................................ 112
11.3.6 KEY STRATEGIES ............................................................................................................................................ 112
11.4 MITSUBISHI ELECTRIC............................................................................................................................................. 113
11.4.1 COMPANY OVERVIEW ..................................................................................................................................... 113
11.4.2 FINANCIAL OVERVIEW .................................................................................................................................... 113
11.4.3 PRODUCTS OFFERED ...................................................................................................................................... 114
11.4.4 KEY DEVELOPMENTS ...................................................................................................................................... 115
11.4.5 SWOT ANALYSIS ............................................................................................................................................ 116
11.4.6 KEY STRATEGIES ............................................................................................................................................ 116
11.5 MIDEA ............................................................................................................................................................................. 117
11.5.1 COMPANY OVERVIEW ..................................................................................................................................... 117
11.5.2 FINANCIAL OVERVIEW .................................................................................................................................... 118
11.5.3 PRODUCTS OFFERED ...................................................................................................................................... 118
11.5.4 KEY DEVELOPMENTS ...................................................................................................................................... 119
11.5.5 SWOT ANALYSIS ............................................................................................................................................ 119
11.5.6 KEY STRATEGIES ............................................................................................................................................ 119
11.6 JOHNSON CONTROLS ................................................................................................................................................ 121
11.6.1 COMPANY OVERVIEW ..................................................................................................................................... 121
11.6.2 FINANCIAL OVERVIEW .................................................................................................................................... 122
11.6.3 PRODUCTS OFFERED ...................................................................................................................................... 122
11.6.4 KEY DEVELOPMENTS ...................................................................................................................................... 123
11.6.5 SWOT ANALYSIS ............................................................................................................................................ 124
11.6.6 KEY STRATEGIES ............................................................................................................................................ 124
11.7 FUJITSU GENERAL .................................................................................................................................................... 125
11.7.1 COMPANY OVERVIEW ..................................................................................................................................... 125
11.7.2 FINANCIAL OVERVIEW .................................................................................................................................... 126
11.7.3 PRODUCTS OFFERED ...................................................................................................................................... 126
11.7.4 KEY DEVELOPMENTS ...................................................................................................................................... 127
11.7.5 SWOT ANALYSIS ............................................................................................................................................ 127
11.7.6 KEY STRATEGIES ............................................................................................................................................ 127
11.8 BLUE STAR LIMITED ................................................................................................................................................. 128
11.8.1 COMPANY OVERVIEW ..................................................................................................................................... 128
11.8.2 FINANCIAL OVERVIEW .................................................................................................................................... 128
11.8.3 PRODUCTS OFFERED ...................................................................................................................................... 129
11.8.4 KEY DEVELOPMENTS ...................................................................................................................................... 129
11.8.5 SWOT ANALYSIS ............................................................................................................................................ 129
11.8.6 KEY STRATEGIES ............................................................................................................................................ 129
11.9 VOLTAS LIMITED ....................................................................................................................................................... 130
11.9.1 COMPANY OVERVIEW ..................................................................................................................................... 130
11.9.2 FINANCIAL OVERVIEW .................................................................................................................................... 130
11.9.3 PRODUCTS OFFERED ...................................................................................................................................... 130
11.9.4 KEY DEVELOPMENTS............................................................... 130
11.9.5 SWOT ANALYSIS........................................................................ 131
11.9.6 KEY STRATEGIES.......................................................... 131
11.10 BOSCH INDUSTRIEKESSEL GMBH.......................................... 132
11.10.1 COMPANY OVERVIEW................................................................. 132
11.10.2 PRODUCTS OFFERED.......................................................... 133
11.10.3 KEY DEVELOPMENTS......................................................... 133
11.10.4 SWOT ANALYSIS...................................................................... 133
11.10.5 KEY STRATEGIES................................................................. 133
11.11 GREE COMMERCIAL...................................................................... 134
11.11.1 COMPANY OVERVIEW............................................................. 134
11.11.2 FINANCIAL OVERVIEW .............................................................. 134
11.11.3 PRODUCTS OFFERED..................................................... 135
11.11.4 KEY DEVELOPMENTS.............................................................. 136
11.11.5 SWOT ANALYSIS.............................................................. 136
11.11.6 KEY STRATEGIES........................................................... 136
11.12 SKM AIR CONDITIONING............................................................... 137
11.12.1 COMPANY OVERVIEW................................................................. 137
11.12.2 FINANCIAL OVERVIEW........................................................ 137
11.12.3 PRODUCTS OFFERED........................................................... 137
11.12.4 KEY DEVELOPMENTS.............................................................. 137
11.12.5 SWOT ANALYSIS..................................................................... 138
11.12.6 KEY STRATEGIES.............................................................. 138
11.13 TRANE TECHNOLOGIES......................................................................... 139
11.13.1 COMPANY OVERVIEW.................................................... 139
11.13.2 FINANCIAL OVERVIEW.................................................... 140
11.13.3 PRODUCTS OFFERED........................................................... 140
11.13.4 KEY DEVELOPMENTS.............................................................. 141
11.13.5 SWOT ANALYSIS........................................................................... 141
11.13.6 KEY STRATEGIES..................................................................... 141
11.14 SAMSUNG ELECTRONICS CO........................................................ 142
11.14.1 COMPANY OVERVIEW................................................... 142
11.14.2 FINANCIAL OVERVIEW.................................................................... 143
11.14.3 PRODUCTS OFFERED.............................................................. 143
11.14.4 KEY DEVELOPMENTS.................................................................. 144
11.14.5 SWOT ANALYSIS.................................................................... 144
11.14.6 KEY STRATEGIES.......................................................... 144
11.15 LENNOX INTERNATIONAL INC........................................................... 146
11.15.1 COMPANY OVERVIEW................................................................. 146
11.15.2 FINANCIAL OVERVIEW.............................................................. 147
11.15.3 PRODUCTS OFFERED................................................................. 147
11.15.4 KEY DEVELOPMENTS............................................................... 148
11.15.5 SWOT ANALYSIS............................................................................... 149
11.15.6 KEY STRATEGIES............................................................................. 149
DATA CITATIONS ................................. 151

List of Figures

LIST OF FIGURES
FIGURE 1 GLOBAL VRF SYSTEMS MARKET: STRUCTURE 24
FIGURE 2 GLOBAL VRF SYSTEMS MARKET: MARKET GROWTH FACTOR ANALYSIS (2019-2032) 41
FIGURE 3 DRIVER IMPACT ANALYSIS (2023-2032) 43
FIGURE 4 RESTRAINT IMPACT ANALYSIS (2023-2032) 45
FIGURE 5 OPPORTUNITY IMPACT FORECAST 46
FIGURE 6 SUPPLY CHAIN: GLOBAL VRF SYSTEMS MARKET 48
FIGURE 7 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL VRF SYSTEMS MARKET 50
FIGURE 8 GLOBAL VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2023 VS 2032 (USD MILLION) 54
FIGURE 9 GLOBAL VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2023 (% SHARE) 55
FIGURE 10 GLOBAL VRF SYSTEMS MARKET, BY COMPONENT, 2023 VS 2032 (USD MILLION) 56
FIGURE 11 GLOBAL VRF SYSTEMS MARKET, BY COMPONENT, 2023 (% SHARE) 57
FIGURE 12 GLOBAL VRF SYSTEMS MARKET, BY END USE VERTICAL, 2023 VS 2032 (USD MILLION) 59
FIGURE 13 GLOBAL VRF SYSTEMS MARKET, BY END USE VERTICAL, 2023 (% SHARE) 60
FIGURE 14 GLOBAL VRF SYSTEMS MARKET, BY REGION, 2023 (% SHARE) 62
FIGURE 15 GLOBAL VRF SYSTEMS MARKET, BY REGION, 2023 VS 2032 (USD MILLION) 62
FIGURE 16 NORTH AMERICA: VRF SYSTEMS MARKET SHARE, BY COUNTRY, 2023 (% SHARE) 64
FIGURE 17 NORTH AMERICA: VRF SYSTEMS MARKET SHARE, BY COUNTRY, 2023 VS 2032 (USD MILLION) 64
FIGURE 18 NORTH AMERICA: VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 65
FIGURE 19 NORTH AMERICA: VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 66
FIGURE 20 NORTH AMERICA: VRF SYSTEMS MARKET SHARE, BY END USE VERTICAL, 2019-2032 (USD MILLION) 66
FIGURE 21 EUROPE: VRF SYSTEMS MARKET SHARE, BY COUNTRY, 2023 (% SHARE) 70
FIGURE 22 EUROPE: VRF SYSTEMS MARKET SHARE, BY COUNTRY, 2023 VS 2032 (USD MILLION) 70
FIGURE 23 EUROPE: VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 71
FIGURE 24 EUROPE: VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 72
FIGURE 25 EUROPE: VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 72
FIGURE 26 ASIA-PACIFIC: VRF SYSTEMS MARKET SHARE, BY COUNTRY, 2023 (% SHARE) 80
FIGURE 27 ASIA-PACIFIC: VRF SYSTEMS MARKET SHARE, BY COUNTRY, 2023 VS 2032 (USD MILLION) 80
FIGURE 28 ASIA-PACIFIC: VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 81
FIGURE 29 ASIA-PACIFIC: VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 82
FIGURE 30 ASIA-PACIFIC: VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 82
FIGURE 31 MIDDLE EAST AND AFRICA: VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 89
FIGURE 32 MIDDLE EAST AND AFRICA: VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 90
FIGURE 33 MIDDLE EAST AND AFRICA: VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 90
FIGURE 34 SOUTH AMERICA: VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 92
FIGURE 35 SOUTH AMERICA: VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 93
FIGURE 36 SOUTH AMERICA: VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 93
FIGURE 1 VRF SYSTEMS MARKET PLAYERS: COMPETITIVE ANALSIS, 2023 (% SHARE) 97
FIGURE 2 COMPETITOR DASHBOARD: VRF SYSTEMS MARKET 98
FIGURE 3 DAIKIN: FINANCIAL OVERVIEW SNAPSHOT 103
FIGURE 4 DAIKIN: SWOT ANALYSIS 104
FIGURE 5 LG ELECTRONICS: FINANCIAL OVERVIEW SNAPSHOT 106
FIGURE 6 LG ELECTRONICS: SWOT ANALYSIS 108
FIGURE 7 CARRIER GLOBAL CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 110
FIGURE 8 CARRIER GLOBAL CORPORATION: SWOT ANALYSIS 112
FIGURE 9 MITSUBISHI ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 113
FIGURE 10 MITSUBISHI ELECTRIC: SWOT ANALYSIS 116
FIGURE 11 MIDEA: FINANCIAL OVERVIEW SNAPSHOT 118
FIGURE 12 MIDEA: SWOT ANALYSIS 119
FIGURE 13 JOHNSON CONTROLS: FINANCIAL OVERVIEW SNAPSHOT 122
FIGURE 14 JOHNSON CONTROLS: SWOT ANALYSIS 124
FIGURE 15 FUJITSU GENERAL: FINANCIAL OVERVIEW SNAPSHOT 126
FIGURE 16 FUJITSU GENERAL: SWOT ANALYSIS 127
FIGURE 17 BLUE STAR LIMITED: SWOT ANALYSIS 129
FIGURE 18 VOLTAS LIMITED: SWOT ANALYSIS 131
FIGURE 19 BOSCH INDUSTRIEKESSEL GMBH: SWOT ANALYSIS 133
FIGURE 20 GREE COMMERCIAL: FINANCIAL OVERVIEW SNAPSHOT 134
FIGURE 21 GREE COMMERCIAL: SWOT ANALYSIS 136
FIGURE 22 SKM AIR CONDITIONING: SWOT ANALYSIS 138
FIGURE 23 TRANE TECHNOLOGIES: FINANCIAL OVERVIEW SNAPSHOT 140
FIGURE 24 TRANE TECHNOLOGIES: SWOT ANALYSIS 141
FIGURE 25 SAMSUNG ELECTRONICS CO.: FINANCIAL OVERVIEW SNAPSHOT 143
FIGURE 26 SAMSUNG ELECTRONICS CO.: SWOT ANALYSIS 144
FIGURE 27 LENNOX INTERNATIONAL INC.: FINANCIAL OVERVIEW SNAPSHOT 147
FIGURE 28 LENNOX INTERNATIONAL INC.: SWOT ANALYSIS 149

List of Tables

LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 37
TABLE 2 GLOBAL VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 54
TABLE 3 GLOBAL VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 56
TABLE 4 GLOBAL VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 59
TABLE 5 GLOBAL VRF SYSTEMS MARKET, BY REGION, 2019–2032 (USD MILLION) 63
TABLE 6 NORTH AMERICA: VRF SYSTEMS MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 65
TABLE 7 NORTH AMERICA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 65
TABLE 8 NORTH AMERICA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 66
TABLE 9 NORTH AMERICA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 67
TABLE 10 US VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 67
TABLE 11 US VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 67
TABLE 12 US VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 67
TABLE 13 CANADA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 68
TABLE 14 CANADA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 68
TABLE 15 CANADA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 68
TABLE 16 MEXICO VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 68
TABLE 17 MEXICO VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 69
TABLE 18 MEXICO VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 69
TABLE 19 EUROPE: VRF SYSTEMS MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 71
TABLE 20 EUROPE VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 71
TABLE 21 EUROPE VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 72
TABLE 22 EUROPE VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 73
TABLE 23 GERMANY VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 74
TABLE 24 GERMANY VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 74
TABLE 25 GERMANY VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 74
TABLE 26 FRANCE VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 75
TABLE 27 FRANCE VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 75
TABLE 28 FRANCE VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 75
TABLE 29 UK VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 76
TABLE 30 UK VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 76
TABLE 31 UK VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 76
TABLE 32 ITALY VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 77
TABLE 33 ITALY VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 77
TABLE 34 ITALY VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 77
TABLE 35 SPAIN VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 78
TABLE 36 SPAIN VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 78
TABLE 37 SPAIN VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 78
TABLE 38 REST OF EUROPE VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 79
TABLE 39 REST OF EUROPE VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 79
TABLE 40 REST OF EUROPE VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 79
TABLE 41 ASIA-PACIFIC: VRF SYSTEMS MARKET, BY COUNTRY, 2019-2032 (USD MILLION) 81
TABLE 42 ASIA PACIFIC VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 81
TABLE 43 ASIA PACIFIC VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 82
TABLE 44 ASIA PACIFIC VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 83
TABLE 45 CHINA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 84
TABLE 46 CHINA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 84
TABLE 47 CHINA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 84
TABLE 48 JAPAN VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 85
TABLE 49 JAPAN VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 85
TABLE 50 JAPAN VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 85
TABLE 51 INDIA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 86
TABLE 52 INDIA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 86
TABLE 53 INDIA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 86
TABLE 54 SOUTH KOREA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 87
TABLE 55 SOUTH KOREA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 87
TABLE 56 SOUTH KOREA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 87
TABLE 57 REST OF ASIA PACIFIC VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 88
TABLE 58 REST OF ASIA PACIFIC VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 88
TABLE 59 REST OF ASIA PACIFIC VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 88
TABLE 60 MIDDLE EAST & AFRICA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 89
TABLE 61 MIDDLE EAST & AFRICA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 90
TABLE 62 MIDDLE EAST & AFRICA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 91
TABLE 63 SOUTH AMERICA VRF SYSTEMS MARKET, BY SYSTEM TYPE, 2019-2032 (USD MILLION) 92
TABLE 64 SOUTH AMERICA VRF SYSTEMS MARKET, BY COMPONENT, 2019-2032 (USD MILLION) 93
TABLE 65 SOUTH AMERICA VRF SYSTEMS MARKET, BY END USE VERTICAL, 2019-2032 (USD MILLION) 94
TABLE 66 PRODUCT LAUNCH/PRODUCT APPROVAL 99
TABLE 67 PARTNERSHIP/INVESTMENT 101
TABLE 68 DAIKIN: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 103
TABLE 69 LG ELECTRONICS: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 106
TABLE 70 LG ELECTRONICS: KEY DEVELOPMENTS 107
TABLE 71 CARRIER GLOBAL CORPORATION: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 110
TABLE 72 MITSUBISHI ELECTRIC: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 114
TABLE 73 MITSUBISHI ELECTRIC: KEY DEVELOPMENTS 115
TABLE 74 MIDEA: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 118
TABLE 75 MIDEA: KEY DEVELOPMENTS 119
TABLE 76 JOHNSON CONTROLS: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 122
TABLE 77 MIDEA: KEY DEVELOPMENTS 123
TABLE 78 FUJITSU GENERAL: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 126
TABLE 79 BLUE STAR LIMITED: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 129
TABLE 80 VOLTAS LIMITED: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 130
TABLE 81 BOSCH INDUSTRIEKESSEL GMBH: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 133
TABLE 82 GREE COMMERCIAL: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 135
TABLE 83 SKM AIR CONDITIONING: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 137
TABLE 84 TRANE TECHNOLOGIES: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 140
TABLE 85 SAMSUNG ELECTRONICS CO: KEY DEVELOPMENTS 141
TABLE 86 SAMSUNG ELECTRONICS CO.: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 143
TABLE 87 SAMSUNG ELECTRONICS CO: KEY DEVELOPMENTS 144
TABLE 88 LENNOX INTERNATIONAL INC.: PRODUCTS/ SOLUTIONS/ SERVICES OFFERED 147
TABLE 89 LENNOX INTERNATIONAL INC: KEY DEVELOPMENTS 148