The global variable refrigerant flow (VRF) systems market is set for lucrative growth in the coming years. The factors driving the market advancement are the burgeoning requirement for energy-efficient heating, ventilation, and air conditioning (HVAC) solutions, the expansion of the construction industry, and the increasing implementation of government initiatives in several countries for easing foreign direct investment (FDI) regulations in the real estate sector. VRF systems are basically air conditioning systems that comprise two major components: indoor and outdoor units.
As VRF systems are highly energy-efficient, on account of being equipped with a smart variable-speed compressor that runs at the needed capacity at a particular temperature condition, they are extensively being used in various applications. Moreover, these systems make the simultaneous cooling and heating of different zones possible. In addition to this, these systems are built for capturing heat while cooling and reusing the heat in applications where heating is required.
Because of the aforementioned factors, the systems equipped with variable-speed compressors and having partial-load condition compatibility experience fewer breakdowns and less wear and tear, thereby resulting in a reduced downtime. This is why they are increasingly being required in applications where zoning is needed. Based on component, the market is classified into control systems and accessories, indoor units, and outdoor units. Amongst these, the control systems and accessories category will exhibit the fastest growth in the coming years.
When compressor unit is taken into consideration, the VRF systems market is divided into water-cooled and air-cooled. Of these, the water-cooled category is predicted to demonstrate rapid expansion in the market in the forthcoming years. This will be because of the ballooning requirement for water-cooled VRF systems in various residential and commercial application areas, especially in the Asia-Pacific (APAC) and European regions. Depending on system type, the market is divided into heat recovery and heat pump systems.