Variable refrigerant flow systems world market

Date: 2019/08/29
Subject: <a href="/en/news/sectoral_intelligence?news_search_form%5Bsubject_ids%5D%5B%5D=427#results">Figures, economy
Themes: Air conditioning: economics and statistics
Keywords: Variable volume ; Economy ; Air conditioner ; World
Commissions: Air conditioning

Various studies of the global market for variable refrigerant flow systems (VRF) have recently been published.

A special issue of the JARN published in May 2019 highlights the health of the sector in 2018, since 1.77 million units were sold worldwide. It represents an increase of 5.7% compared to 2017. China, Japan and South Korea account for 70% of this market.

China saw a 4.7% increase over 2017, with 1.04 million units sold.

In Japan, the increase amounts to 8.5% with 146,000 units sold.

In South Korea, 111,700 units were sold in 2018.

The VRF market in the United States remains relatively small, with 62,800 units sold in 2018.

The JARN reports that the European VRF market increased by 3.5% for outdoor units, reaching 172,300 units sold.

The latest Eurovent report, which focuses exclusively on the situation in Europe and across all types of units, shows an increase of 7% in 2018, with 216,135 units sold. Turkey is the largest market, followed by France, Italy and Spain.