VRF Refrigeration Systems Market - Industry Shares, Market Strategies And Key Players

Variable refrigerant flow (VRF) refrigeration systems provide variable flow of refrigerant into the evaporators with different capacities and configurations. This enables simultaneous heating and cooling and better heat recovery from one zone to another in a heating, ventilation, and air conditioning (HVAC) system. This flow of refrigerant is controlled by VRF system.

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The augmenting demand from commercial and small-medium businesses for flexible design of HVAC systems due to shrinking work-spaces is the key trend driving the demand for VRF refrigeration systems. The compact design and flexible layout in terms of outdoor to indoor units are the added benefits leading to its adoption in commercial as well as residential HVAC systems.

VRF refrigeration market is segmented on the basis of component type and end-use industry. On the basis of component type, VRF refrigeration market is further segmented into indoor units, outdoor units, controllers and parts & accessories. Most of VRF refrigerant systems consist of indoor units to deliver the processed air. Outdoor units are used for heat recovery and control the flow of refrigerant.

In terms of end-use industry, VRF refrigeration market is further classified as healthcare, commercial buildings, education institutes, government and public sector, retail, manufacturing, banking, financial sector and insurance (BFSI) and manufacturing. On a broader scale, VRF systems are deployed in commercial spaces such as small and medium businesses, shopping complexes and large organizations. This is largely due to easy installation, efficient design and high sustainability provide by the VRF systems, making them an effective choice over other HVAC systems.

The demand-specific flow of refrigerant makes it energy efficient and rising cognizance of energy efficiency in developed as well as in emerging markets makes this a key factor driving the market growth. Along with this, strict government reforms which encourage the use of energy efficient HVAC systems, especially in commercial spaces, is expected to pave the market growth in near term.

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