China continues to dominate the global VRF market accounting for 65 per cent of volume sales, with units popular in both the residential and commercial markets. In particular, mini VRF are expected to continue to see a positive growth rate in China as the middle classes are looking to replace conventional splits with mini VRF units.
“Recent years have seen an increasing interest in VRF in the USA and the country remains in fourth position in the market with sales report as close to 50,000 outdoor units in 2017. However, due to the current limited geographical focus for these products and the slowdown in the market for residential multi-family homes, accounting for 20 per cent of sales, there is a view that the market may hit a bit of a bottleneck.”
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Contact details (content & methodology):- Saziye Dickson @ Saziye.Dickson@bsria.co.uk
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The article is based on the latest BSRIA’s World Air Conditioning Study, published in March 2018, covering 30 countries.
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