Posted 3/8/2024, 9:12:00 AM
VRF Systems Market to Hit $41 Billion by 2030, Led by Heat Pumps and Growth in U.S. and China
- Global VRF systems market to reach $41.3 billion by 2030, with 11.3% CAGR from 2022-2030
- Heat pump systems are the leading segment, growing at 12.8% CAGR to around $29 billion market size
- U.S. market estimated at $4.6 billion in 2022; China to grow at 15.1% CAGR to $10 billion by 2030
- Key players shaping the market include Daikin, Fujitsu General, Hitachi, Ingersoll-Rand, and others
- Heat recovery systems adapting to 8.3% CAGR over next 8 years amid post-pandemic recovery