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However, certain factors are affecting the growth of the market. High cost associated with the installation of VRF system, complexities related to designing of the VRF system, specific installation requirements that make it tedious, and over-functioning is the major factors that are hindering the growth of the global VRF AC systems market. Further, various companies are introducing novel VRF AC technologies to stay competitive in the market, which in turn is contributing to the market growth as well. For instance, in October 2019, Johnson Controls-Hitachi Air Conditioning had announced the beginning of a new global development center which is to be situated in Kadi, Gujarat, India. The investment was around $22.5 million which would lead to an increase in innovation capabilities with a prime focus on developing air conditioners for residential and commercial for India, Southeast Asia, Middle East, and European markets.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global VRF AC System Market by Application
- Commercial
- Residential
- Other
Global VRF AC System Market by Type
- Heat Pump System
- Heat Recovery System
Global VRF AC System Market by Components
- Indoor Units
- Outdoor Units
Regional Analysis
- North America
- United States
- copyright
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East and Africa
Company Profiles
- Electrolux AB
- Blue Star, Ltd.
- copyright Global Corp.
- Daikin Industries, Ltd.
- Fujitsu General, Ltd.
- Godrej & Boyce Manufacturing Co. Ltd.
- Gree Electric Appliances, Inc.
- Guangdong Chigo Air Conditioning Co. Ltd.
- Haier Electronics Group Co. Ltd. (GE Appliances)
- Hitachi, Ltd.
- Ingersoll Rand Plc
- Johnson Controls, Inc.
- Lennox International, Inc.
- LG Electronics, Ltd.
- Midea Group
- Mitsubishi Electric Corporation
- Nortek Global HVAC LLC
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Toshiba Corp.
- Trane Corp.
The Report Covers
- Market value data analysis of 2021 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global VRF AC system. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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