Global Commercial Air Conditioning Systems (VRF) Market Insights, Forecast to 2028

With developments in technology and growing demand across the globe, the air conditioning systems market is predicted to experience healthy growth in the coming years.
Market Analysis and Insights: Global Commercial Air Conditioning Systems (VRF) Market
Due to the COVID-19 pandemic, the global Commercial Air Conditioning Systems (VRF) market size is estimated to be worth US$ 8628.8 million in 2022 and is forecast to a readjusted size of US$ 10240 million by 2028 with a CAGR of 2.9% during the review period. Fully considering the economic change by this health crisis, Outdoor Units accounting for % of the Commercial Air Conditioning Systems (VRF) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Private segment is altered to an % CAGR throughout this forecast period.
China Commercial Air Conditioning Systems (VRF) market size is valued at US$ million in 2021, while the US and Europe Commercial Air Conditioning Systems (VRF) are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Commercial Air Conditioning Systems (VRF) landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Commercial Air Conditioning Systems (VRF) include Diakin, Fujitsu, Mitsubishi Electric, Toshiba, Carrier, Samsung Electronics, Haier Electronics, Lennox and LG, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Commercial Air Conditioning Systems (VRF) capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Commercial Air Conditioning Systems (VRF) by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Commercial Air Conditioning Systems (VRF) Scope and Segment
Commercial Air Conditioning Systems (VRF) market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Commercial Air Conditioning Systems (VRF) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Segment by Type
Outdoor Units
Indoor Units
Control Systems and Accessories

Segment by Application
Private
Public
Industrial

By Company
Diakin
Fujitsu
Mitsubishi Electric
Toshiba
Carrier
Samsung Electronics
Haier Electronics
Lennox
LG
Panasonic
Ingersoll-Rand
Hitachi
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E