openPR Logo
Press release

Water-Cooled Heat Recovery VRF Systems Market Size Outlook, Supportive Judgments | Toshiba, Mitsubishi Electric, Midea Group, Johnson Controls

01-23-2023 11:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Report Ocean

Water-Cooled Heat Recovery VRF Systems Market Size Outlook,

The growth of the global water-cooled heat recovery VRF systems market can be attributed to the growth in urbanization and industrialization, along with the advances in VRF systems and HAVAC technologies. Furthermore, the increasing construction activities as well as the development of energy-efficient products and technologies is projected to further propel the market growth..

A recent study by the strategic consulting and market research firm; Report Ocean revealed that the global Water-Cooled Heat Recovery VRF Systems market was worth USD 241.4 million in 2021 and is anticipated to reach USD 356.0 million by 2028 at a CAGR of 5.8%. This is attributable to the large-scale deployment of VRF systems in most commercial buildings, ranging from cafes and small shops to large office buildings and public spaces. Also, the growing construction and infrastructure development have led to a surge in demand for these systems. All these factors are likely to propel the growth of water-cooled heat recovery VRF systems during the forecast period.

Download Free Sample of This Strategic Report: https://reportocean.com/industry-verticals/sample-request?report_id=MR293

Growing Demand Due To Several Benefits Offered By VRF Systems To Drive The Market Growth

The VRF systems offer several benefits, such as VRF zoning guarantees the usage of energy to only heat or cool the engaged offices. VRF systems ensure the most productive and comfortable work environment as they comprise quiet indoor units and can preserve precise temperature control. Furthermore, the rising adoption of the VRF mechanical system, VRF air conditioning system, and wireless control systems to monitor indoor units throughout the indoor and outdoor structures is also expected to bolster the market growth.

Commercial Application Segment Anticipated To Propel The Market Growth During The Forecast period

Based on application, the global Water-Cooled Heat Recovery VRF Systems market is classified into commercial, residential, and others. The commercial sector has been further segmented into the healthcare sector, corporate offices, hotels, and others. Amidst the segmentation, the commercial sector accounted for the largest market share in 2021. Even in the commercial sector, the Corporate Offices were the Largest Application Area for Water-Cooled Heat Recovery VRF Systems and held the largest market share in 2021. Moreover, this trend is likely to stay constant during the forecast period due to the growth in infrastructure and construction industry due to the escalating urban population.

Furthermore, the Healthcare Category = under the commercial sector is expected to observe the Fastest-Growing Demand for Water-Cooled Heat Recovery VRF Equipment. This can be ascribed to the progressively burgeoning footfall in hospitals and the government funding to promote new hospitals throughout the world. Since VRF systems are an essential part of hospitals, the market in this category is anticipated to record the maximum growth rate during the forecast period 2022-2028.

Impact Of COVID-19 On Global Water-Cooled Heat Recovery VRF Systems Market.

The COVID-19 outbreak harshly hit the water-cooled heat recovery VRF systems industry by postponing new installations and leading to huge revenue loss. Moreover, the stringent lockdown directives required many producers to scale down their production output, bringing production facilities to a standstill. The coronavirus lockdown paused the device and component, which raised the product prices while lowering the market demand. Nevertheless, the VRF systems market is speedily returning to former levels, observing the gradually growing demand, particularly from the industrial sectors. Furthermore, the market demand is likely to recover due to lifting off the lockdown in many countries.

Asia-Pacific Dominates The Water-Cooled Heat Recovery VRF Systems Market While North America To Witness The Highest Growth During The Forecast Period.

Request To Download Sample of This Strategic Report:- https://reportocean.com/industry-verticals/sample-request?report_id=MR293

Based on the regional analysis, the global Water-Cooled Heat Recovery VRF Systems market can be segmented into North America, Europe, the Asia-Pacific, Latin America, the Middle East, and Africa. Amidst the segmentation, Asia-Pacific dominated the global Water-Cooled Heat Recovery VRF Systems market with the largest share in 2021. This can be attributed to the progressively growing awareness about energy efficiency, the latest technological advancements introduced by key players present in the region, and the government's increasing focus on constructing green buildings.

Competitive Landscape

The global water-cooled heat recovery VRF systems market is fragmented, with numerous players serving the market. The key players dominating the global water-cooled heat recovery VRF Systems market are Daikin, Toshiba, Mitsubishi Electric, Midea Group, Johnson Controls, LG Electronics, Samsung Electronics Co. Ltd., Panasonic Corporation, Hitachi Ltd., United Technologies Corporation, Emerson Electric Co., Schneider Electric SE, Johnson Controls International PLC, Fujitsu Limited and other prominent players.

Market Segment:
By Application (Commercial, Residential And Others)
By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa)
The market players are focusing on increasing their customer base to attain a competitive edge. The players' key marketing strategies are introducing new and advanced products, collaborations, partnerships, and acquisitions to expand their customer reach.

Table of Content:

Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix

.................Some More Report..............

Asia Pacific Agricultural Biotechnology Market: https://www.barchart.com/story/news/13513284/asia-pacific-agricultural-biotechnology-market-size-outlook-segmentation-analysis-share-drivers-and-forecast-2030

Global Biotech Seeds Market: https://www.barchart.com/story/news/13513282/global-biotech-seeds-market-size-outlook-prominent-players-growth-leading-players-and-forecast-2030

North America Biotech Seeds Market: https://www.barchart.com/story/news/13513280/north-america-biotech-seeds-market-size-upcoming-trends-key-players-revenue-and-forecast-2030

Europe Biotech Seeds Market: https://www.barchart.com/story/news/13513278/europe-biotech-seeds-market-size-overview-leading-players-growth-share-and-forecast-2030

Asia Pacific Biotech Seeds Market: https://www.barchart.com/story/news/13513276/asia-pacific-biotech-seeds-market-size-overview-top-industry-players-growth-share-and-forecast-2030

Request full Report : https://reportocean.com/industry-verticals/sample-request?report_id=MR293

About Report Ocean:

We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES
Tel:+1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Water-Cooled Heat Recovery VRF Systems Market Size Outlook, Supportive Judgments | Toshiba, Mitsubishi Electric, Midea Group, Johnson Controls here

News-ID: 2895400 • Views:

More Releases from Report Ocean

Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques for Deep Understanding of Consumer Behavior
Japan Internet Advertising Market CAGR of 24.9%, Behind the Scenes Techniques fo …
The Japan Internet Advertising Market has demonstrated remarkable growth, reaching a valuation of USD 29.49 Billion in 2021. With the digital landscape continually evolving, it is forecasted to soar to an impressive USD 112.04 Billion by 2027. This surge represents an anticipated compound annual growth rate (CAGR) of 24.9% over the projected period, highlighting the dynamic and rapidly expanding nature of the digital advertising sector in Japan. Internet Advertising are set
Location Analytics Market Through the Looking Glass Techniques for a Profound Understanding of Consumer Behavior
Location Analytics Market Through the Looking Glass Techniques for a Profound Un …
This comprehensive market research report offers an in-depth analysis of the global location analytics market from 2019 to 2026. Valued at USD 10,813.6 million in 2019, the market is forecasted to surge to USD 29,878.5 million by 2026, demonstrating a robust Compound Annual Growth Rate (CAGR) of 15.6% throughout the projection period. This report delves into the key drivers, restraints, opportunities, and challenges that are shaping the market, providing stakeholders
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Observational Research in Consumer Behavior
Affiliate Marketing Platform Market Eyes Wide Open Maximizing the Value of Obser …
The Global Affiliate Marketing Platform Market, valued at USD 19,217.4 million in 2021, is projected to witness significant growth over the next decade, reaching an estimated value of USD 36,902.1 million by 2030. This report provides an in-depth analysis of the market dynamics, growth drivers, challenges, and opportunities that will influence the affiliate marketing landscape over the forecast period of 2021-2030. With a Compound Annual Growth Rate (CAGR) of 7.7%,
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
Global Clear Brine Fluids Market Growth Forecast and Trends (2022-2030)
The global clear brine fluids market was valued at US$ 0.95 billion in 2021. It is anticipated to experience growth, reaching a valuation of US$ 1.39 billion by 2030. This growth trajectory translates to a compound annual growth rate (CAGR) of 3.1% during the forecast period from 2022 to 2030. Clear brine fluids, crucial in the oil and gas industry for drilling and completion processes, are poised for increased demand,

All 5 Releases


More Releases for VRF

Correct Connect Launches Premium VRV VRF Installation Services
Image: https://www.globalnewslines.com/uploads/2025/08/1754131274.jpg Correct Connect Air introduces a new solution designed to deliver next-level comfort, energy savings, and control for homes and businesses across Sydney. Sydney, NSW - August 4, 2025 - Correct Connect Air has introduced its specialised VRV/VRF installation services to meet the growing demand for customisable and energy-efficient climate control across Sydney's large residential and commercial properties. Image: https://i.postimg.cc/k6vfpcNr/air-conditioning-Sydney.png [https://postimg.cc/k6vfpcNr] The VRV (Variable Refrigerant Volume) and VRF (Variable Refrigerant Flow) systems offer
Vrf System Market Current Status and Future Prospects till 2031
VRF System Market Market Definition, With Current Market Values The VRF (Variable Refrigerant Flow) system market refers to the global industry involved in the production and distribution of VRF systems. These systems are energy-efficient air conditioning solutions used in residential, commercial, and industrial applications. They allow for individualized control of refrigerant flow in multiple zones. As of 2024, the VRF system market is valued at approximately USD 20 billion, with projections
VRF Systems Market Size, Share & Forecast: Industry Overview
𝗩𝗥𝗙 𝗦𝘆𝘀𝘁𝗲𝗺𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲: The VRF systems market is projected to grow from USD 18,849.68 Million in 2023 to USD 46,496.67 Million by 2031, with an estimated interim value of USD 20,765.93 Million in 2024, reflecting a CAGR of 11.9% from 2024 to 2031. 𝗩𝗥𝗙 𝗦𝘆𝘀𝘁𝗲𝗺𝘀 𝗠𝗮𝗿𝗸𝗲𝘁 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄: Variable Refrigerant Flow (VRF) systems are advanced HVAC systems that offer precise temperature control and energy efficiency. They are widely used in commercial and residential
VRF System Market to Enjoy 'Explosive Growth' to 2032
Advance Market Analytics published a new research publication on "VRF System Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the VRF System market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy of
VRF HVAC System Market
The "VRF HVAC System Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031.  The market was valued at USD xx.x billion In 2023. Growing Demand and Growth Potential in the Global VRF HVAC System Market, 2024-2031 Verified Market Research's most recent report, "VRF HVAC System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides
Global VRF System Market - Forecasts to 2027
According to a new market research report published by Global Market Estimates, the Global VRF System Market is projected to grow from USD 17.8 Billion in 2022 to USD 32.5 Billion in 2027 at a CAGR rate of 12.8% from 2022 to 2027. Increased industrial and residential units, growing awareness of sustainable energy management systems with high demand for energy-saving products, rapid urbanization with population increase, and substantial investment for