The Latin America, Middle East and Africa Variable Refrigerant Flow (VRF) Systems Market would witness market growth of 18.3% CAGR during the forecast period (2020-2026). The demand for VRF systems is expected to grow mainly due to a revival of construction activities and an increased emphasis on the implementation of energy-efficient technologies and products. Increased adoption of inverter-based compressors for outdoor units and the ability of outdoor units to attach multiple indoor units are expected to drive growth for outdoor units over the coming years. The growing adoption of wireless control systems for indoor monitoring devices is expected to drive the growth of the demand for control systems and accessories during the forecast period.
A VRF system's main heating and cooling plant is typically an air source or a heat pump with water source. In some Midwestern applications ground source or "geothermal" heat pump systems have proven efficient. The outdoor unit 's purpose is to exchange heat with the outdoor environment, either by expelling heat (when refrigerating) or by absorbing heat (when heating). Heat is exchanged with the outside atmosphere using a heat exchanger filled with R-410a refrigerant, which is then pumped to one of several indoor systems in the house. Variable speed compressors are used to allow for the use of lower compressor speeds during part-load conditions.
Based on Type, the market is segmented into Heat Pump Systems and Heat Recovery Systems. Based on Component, the market is segmented into Outdoor Units, Indoor Units and Control Systems & Accessories. Based on End User, the market is segmented into Commercial, Residential and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Variable Refrigerant Flow (VRF) Systems Market in LAMEA is expected to register a CAGR of 18.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include LG Electronics, Inc. (LG Corporation), Daikin Industries, Ltd., Toshiba Corporation, Mitsubishi Electric Corporation, Fujitsu Limited, Trane Technologies PLC, Lennox International, Inc., Panasonic Corporation, Samsung Electronics Co., Ltd. (Samsung Group), and Johnson Controls International PLC.
Scope of the LAMEA Variable Refrigerant Flow (VRF) Systems Market Analysis
Market Segmentation:
By Type
- Heat Pump Systems
- Heat Recovery Systems
By Component
- Outdoor Units
- Indoor Units
- Control Systems & Accessories
By End-User
- Commercial
- Residential
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Companies Profiled
- LG Electronics, Inc. (LG Corporation)
- Daikin Industries, Ltd.
- Toshiba Corporation
- Mitsubishi Electric Corporation
- Fujitsu Limited
- Trane Technologies PLC
- Lennox International, Inc.
- Panasonic Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Johnson Controls International PLC
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Latin America, Middle East and Africa (LAMEA) Variable Refrigerant Flow (VRF) Systems Market, by Type
1.4.2 Latin America, Middle East and Africa (LAMEA) Variable Refrigerant Flow (VRF) Systems Market, by Component
1.4.3 Latin America, Middle East and Africa (LAMEA) Variable Refrigerant Flow (VRF) Systems Market, by End User
1.4.4 Latin America, Middle East and Africa (LAMEA) Variable Refrigerant Flow (VRF) Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Executive Summary
2.1.3 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jan – 2019, Nov) Leading Players
Chapter 4. LAMEA VRF System Market by Type
4.1 LAMEA VRF System Heat Pump Systems Market by Country
4.2 LAMEA VRF System Heat Recovery Systems Market by Country
Chapter 5. LAMEA VRF System Market by End Use
5.1 LAMEA VRF System Commercial Market by Country
5.2 LAMEA VRF System Residential Market by Country
5.3 LAMEA Other End Use VRF System Market by Country
Chapter 6. LAMEA VRF System Market by Component
6.1 LAMEA Outdoor Units VRF System Market by Country
6.2 LAMEA Indoor Units VRF System Market by Country
6.3 LAMEA Control Systems & Accessories Market by Country
Chapter 7. LAMEA VRF System Market by Country
7.1 Brazil VRF System Market
7.1.1 Brazil VRF System Market by Type
7.1.2 Brazil VRF System Market by End Use
7.1.3 Brazil VRF System Market by Component
7.2 Argentina VRF System Market
7.2.1 Argentina VRF System Market by Type
7.2.2 Argentina VRF System Market by End Use
7.2.3 Argentina VRF System Market by Component
7.3 UAE VRF System Market
7.3.1 UAE VRF System Market by Type
7.3.2 UAE VRF System Market by End Use
7.3.3 UAE VRF System Market by Component
7.4 Saudi Arabia VRF System Market
7.4.1 Saudi Arabia VRF System Market by Type
7.4.2 Saudi Arabia VRF System Market by End Use
7.4.3 Saudi Arabia VRF System Market by Component
7.5 South Africa VRF System Market
7.5.1 South Africa VRF System Market by Type
7.5.2 South Africa VRF System Market by End Use
7.5.3 South Africa VRF System Market by Component
7.6 Nigeria VRF System Market
7.6.1 Nigeria VRF System Market by Type
7.6.2 Nigeria VRF System Market by End Use
7.6.3 Nigeria VRF System Market by Component
7.7 Rest of LAMEA VRF System Market
7.7.1 Rest of LAMEA VRF System Market by Type
7.7.2 Rest of LAMEA VRF System Market by End Use
7.7.3 Rest of LAMEA VRF System Market by Component
Chapter 8. Company Profiles
8.1 LG Electronics, Inc. (LG Corporation)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.2 Daikin Industries, Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.2.5.3 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Toshiba Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research and Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Mitsubishi Electric Corporation
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Geographical Expansions:
8.4.6 SWOT Analysis
8.5 Fujitsu Limited
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Recent strategies and developments:
8.5.3.1 Partnerships, Collaborations, and Agreements:
8.5.4 SWOT Analysis
8.6 Trane Technologies PLC
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.7 Lennox International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 Panasonic Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 Samsung Electronics Co., Ltd. (Samsung Group)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.1 Johnson Controls International PLC
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.5.2 Geographical Expansions:
8.10.6 SWOT Analysis
TABLE 1 LAMEA VRF System Market, 2016 - 2019, USD Million
TABLE 2 LAMEA VRF System Market, 2020 - 2026, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Variable Refrigerant Flow (VRF) Systems Market
TABLE 4 Product Launches And Product Expansions– Variable Refrigerant Flow (VRF) Systems Market
TABLE 5 Geographical Expansions– Variable Refrigerant Flow (VRF) Systems Market
TABLE 6 Mergers & Acquisitions – Variable Refrigerant Flow (VRF) Systems Market
TABLE 7 LAMEA VRF System Market by Type, 2016 - 2019, USD Million
TABLE 8 LAMEA VRF System Market by Type, 2020 - 2026, USD Million
TABLE 9 LAMEA VRF System Heat Pump Systems Market by Country, 2016 - 2019, USD Million
TABLE 10 LAMEA VRF System Heat Pump Systems Market by Country, 2020 - 2026, USD Million
TABLE 11 LAMEA VRF System Heat Recovery Systems Market by Country, 2016 - 2019, USD Million
TABLE 12 LAMEA VRF System Heat Recovery Systems Market by Country, 2020 - 2026, USD Million
TABLE 13 LAMEA VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 14 LAMEA VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 15 LAMEA VRF System Commercial Market by Country, 2016 - 2019, USD Million
TABLE 16 LAMEA VRF System Commercial Market by Country, 2020 - 2026, USD Million
TABLE 17 LAMEA VRF System Residential Market by Country, 2016 - 2019, USD Million
TABLE 18 LAMEA VRF System Residential Market by Country, 2020 - 2026, USD Million
TABLE 19 LAMEA Other End Use VRF System Market by Country, 2016 - 2019, USD Million
TABLE 20 LAMEA Other End Use VRF System Market by Country, 2020 - 2026, USD Million
TABLE 21 LAMEA VRF System Market by Component, 2016 - 2019, USD Million
TABLE 22 LAMEA VRF System Market by Component, 2020 - 2026, USD Million
TABLE 23 LAMEA Outdoor Units VRF System Market by Country, 2016 - 2019, USD Million
TABLE 24 LAMEA Outdoor Units VRF System Market by Country, 2020 - 2026, USD Million
TABLE 25 LAMEA Indoor Units VRF System Market by Country, 2016 - 2019, USD Million
TABLE 26 LAMEA Indoor Units VRF System Market by Country, 2020 - 2026, USD Million
TABLE 27 LAMEA Control Systems & Accessories Market by Country, 2016 - 2019, USD Million
TABLE 28 LAMEA Control Systems & Accessories Market by Country, 2020 - 2026, USD Million
TABLE 29 LAMEA VRF System Market by Country, 2016 - 2019, USD Million
TABLE 30 LAMEA VRF System Market by Country, 2020 - 2026, USD Million
TABLE 31 Brazil VRF System Market, 2016 - 2019, USD Million
TABLE 32 Brazil VRF System Market, 2020 - 2026, USD Million
TABLE 33 Brazil VRF System Market by Type, 2016 - 2019, USD Million
TABLE 34 Brazil VRF System Market by Type, 2020 - 2026, USD Million
TABLE 35 Brazil VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 36 Brazil VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 37 Brazil VRF System Market by Component, 2016 - 2019, USD Million
TABLE 38 Brazil VRF System Market by Component, 2020 - 2026, USD Million
TABLE 39 Argentina VRF System Market, 2016 - 2019, USD Million
TABLE 40 Argentina VRF System Market, 2020 - 2026, USD Million
TABLE 41 Argentina VRF System Market by Type, 2016 - 2019, USD Million
TABLE 42 Argentina VRF System Market by Type, 2020 - 2026, USD Million
TABLE 43 Argentina VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 44 Argentina VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 45 Argentina VRF System Market by Component, 2016 - 2019, USD Million
TABLE 46 Argentina VRF System Market by Component, 2020 - 2026, USD Million
TABLE 47 UAE VRF System Market, 2016 - 2019, USD Million
TABLE 48 UAE VRF System Market, 2020 - 2026, USD Million
TABLE 49 UAE VRF System Market by Type, 2016 - 2019, USD Million
TABLE 50 UAE VRF System Market by Type, 2020 - 2026, USD Million
TABLE 51 UAE VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 52 UAE VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 53 UAE VRF System Market by Component, 2016 - 2019, USD Million
TABLE 54 UAE VRF System Market by Component, 2020 - 2026, USD Million
TABLE 55 Saudi Arabia VRF System Market, 2016 - 2019, USD Million
TABLE 56 Saudi Arabia VRF System Market, 2020 - 2026, USD Million
TABLE 57 Saudi Arabia VRF System Market by Type, 2016 - 2019, USD Million
TABLE 58 Saudi Arabia VRF System Market by Type, 2020 - 2026, USD Million
TABLE 59 Saudi Arabia VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 60 Saudi Arabia VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 61 Saudi Arabia VRF System Market by Component, 2016 - 2019, USD Million
TABLE 62 Saudi Arabia VRF System Market by Component, 2020 - 2026, USD Million
TABLE 63 South Africa VRF System Market, 2016 - 2019, USD Million
TABLE 64 South Africa VRF System Market, 2020 - 2026, USD Million
TABLE 65 South Africa VRF System Market by Type, 2016 - 2019, USD Million
TABLE 66 South Africa VRF System Market by Type, 2020 - 2026, USD Million
TABLE 67 South Africa VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 68 South Africa VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 69 South Africa VRF System Market by Component, 2016 - 2019, USD Million
TABLE 70 South Africa VRF System Market by Component, 2020 - 2026, USD Million
TABLE 71 Nigeria VRF System Market, 2016 - 2019, USD Million
TABLE 72 Nigeria VRF System Market, 2020 - 2026, USD Million
TABLE 73 Nigeria VRF System Market by Type, 2016 - 2019, USD Million
TABLE 74 Nigeria VRF System Market by Type, 2020 - 2026, USD Million
TABLE 75 Nigeria VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 76 Nigeria VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 77 Nigeria VRF System Market by Component, 2016 - 2019, USD Million
TABLE 78 Nigeria VRF System Market by Component, 2020 - 2026, USD Million
TABLE 79 Rest of LAMEA VRF System Market, 2016 - 2019, USD Million
TABLE 80 Rest of LAMEA VRF System Market, 2020 - 2026, USD Million
TABLE 81 Rest of LAMEA VRF System Market by Type, 2016 - 2019, USD Million
TABLE 82 Rest of LAMEA VRF System Market by Type, 2020 - 2026, USD Million
TABLE 83 Rest of LAMEA VRF System Market by End Use, 2016 - 2019, USD Million
TABLE 84 Rest of LAMEA VRF System Market by End Use, 2020 - 2026, USD Million
TABLE 85 Rest of LAMEA VRF System Market by Component, 2016 - 2019, USD Million
TABLE 86 Rest of LAMEA VRF System Market by Component, 2020 - 2026, USD Million
TABLE 87 Key information – LG Electronics, Inc.
TABLE 88 Key information – Daikin Industries, Ltd.
TABLE 89 Key Information – Toshiba Corporation
TABLE 90 key information – Mitsubishi Electric Corporation
TABLE 91 Key Information – Fujitsu Limited
TABLE 92 Key Information – Trane Technologies PLC
TABLE 93 Key information – Lennox International, Inc.
TABLE 94 Key Information – Panasonic Corporation
TABLE 95 Key Information –Samsung Electronics Co., Ltd.
TABLE 96 Key Information – Johnson Controls International PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2016, Jan – 2019, Nov) Leading Players
FIG 5 Recent strategies and developments: Daikin Industries, Ltd.
FIG 6 SWOT Analysis: Daikin Industries. Ltd.
FIG 7 Recent strategies and developments: Toshiba Corporation
FIG 8 SWOT Analysis: Toshiba Corporation
FIG 9 Recent strategies and developments: Mitsubishi Electric Corporation
FIG 10 SWOT Analysis: Mitsubishi Electric Corporation
FIG 11 SWOT Analysis: Fujitsu Limited
FIG 12 Recent strategies and developments: Trane Technologies PLC
FIG 13 Recent strategies and developments: Panasonic Corporation
FIG 14 SWOT Analysis: Panasonic Corporation
FIG 15 Recent strategies and developments: Samsung Electronics Co., Ltd.
FIG 16 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 17 Recent strategies and developments: Johnson Controls International PLC
FIG 18 swot analsyis: Johnson controls international plc