Variable Refrigerant Flow VRF Systems

Variable Refrigerant Flow VRF Systems Market Outlook

The global Variable Refrigerant Flow (VRF) systems market is projected to reach a size of approximately USD 15.3 billion by 2035, growing at a compound annual growth rate (CAGR) of around 9.5% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for energy-efficient heating and cooling solutions across various sectors, along with advancements in technology that enhance the performance and adaptability of VRF systems. The rising need for climate control in both residential and commercial buildings, coupled with stringent environmental regulations promoting the use of low-GWP (Global Warming Potential) refrigerants, is also expected to drive market growth. Furthermore, the growing trend toward smart buildings and the integration of IoT in HVAC systems are anticipated to create significant opportunities for VRF system adoption globally. The market is witnessing a gradual shift toward eco-friendly refrigerants, which is likely to shape the future landscape of the industry significantly.

Growth Factor of the Market

The growth of the VRF systems market is driven primarily by the escalating demand for energy efficiency and sustainability in HVAC solutions. As businesses and households seek to reduce their energy consumption and carbon footprints, VRF systems provide an optimal solution by allowing for simultaneous heating and cooling in different zones, thereby maximizing energy savings. Additionally, regulatory frameworks worldwide are increasingly favoring energy-efficient systems, compelling manufacturers to innovate and upgrade their HVAC offerings. The transition towards urbanization has also resulted in the construction of more commercial and residential complexes that require advanced climate control systems, which further propels the demand for VRF technology. Furthermore, the advancements in refrigerant technologies, which focus on lower environmental impact, are catalyzing the adoption of modern VRF systems, enhancing their appeal to end-users. The growing awareness of the benefits of VRF systems among consumers is enabling the market to expand rapidly.

Key Highlights of the Market

• The global VRF systems market is forecasted to grow at a CAGR of 9.5% between 2025 and 2035.
• Energy efficiency and sustainability are primary drivers of market growth.
• Technological advancements in refrigerants are impacting system performance positively.
• Urbanization is leading to increased construction activities, bolstering market demand.
• The shift towards eco-friendly refrigerants is shaping future market trends.

By Product Type

Heat Pump Systems:

Heat pump systems are one of the most popular types of VRF systems due to their ability to provide both heating and cooling through the same unit. These systems operate by transferring heat from one place to another, utilizing a refrigerant that circulates between the indoor and outdoor units. Their energy-efficient operation makes them a preferred choice for both residential and commercial applications, as they significantly reduce energy bills while maintaining comfortable temperatures. The versatility of heat pump systems allows for their integration into various building designs, catering to the needs of diverse customers. As environmental concerns rise, the adoption of heat pump systems continues to grow, positioning them as a central component of modern HVAC strategies.

Heat Recovery Systems:

Heat recovery systems are advanced VRF solutions designed to simultaneously provide heating and cooling to different areas of a building. By efficiently reclaiming waste heat from one part of the system and redistributing it to another, these systems enhance overall energy efficiency and reduce operational costs. This unique feature makes heat recovery systems particularly ideal for commercial settings where different zones may have conflicting temperature requirements. Their ability to minimize energy consumption while maximizing comfort leads to significant savings on utility bills, making them an attractive option for businesses looking to improve operational efficiency. As organizations strive to meet sustainability targets, the demand for heat recovery systems is anticipated to witness significant growth.

Water-Cooled Systems:

Water-cooled VRF systems utilize water as a heat exchange medium instead of air, enabling efficient temperature control while minimizing energy consumption. These systems are particularly well-suited for larger buildings, such as hotels and office complexes, where space limitations may hinder the use of traditional air-cooled systems. Water-cooled VRF systems are known for their high efficiency ratings and reliability, often leading to lower operating costs compared to their air-cooled counterparts. Their design flexibility allows integration into existing infrastructures, making them appealing for retrofitting projects. With increasing focus on energy-efficient solutions, the demand for water-cooled systems continues to rise, bolstered by advancements in technology that enhance their performance and applicability.

Gas-Driven Systems:

Gas-driven VRF systems are emerging as a viable alternative, especially in regions where electricity costs are high or where natural gas is readily available. These systems operate using gas engines, providing an efficient way to generate heating and cooling without relying solely on electric power. The primary advantage of gas-driven systems lies in their ability to deliver consistent performance while reducing reliance on grid electricity, thereby lowering energy costs for end-users. Additionally, they often come equipped with innovative technologies that monitor performance and optimize energy use, attracting customers looking for sustainable solutions. As the market evolves, gas-driven VRF systems are likely to gain traction, particularly in commercial applications.

Hybrid Systems:

Hybrid VRF systems combine the best features of both air-cooled and water-cooled systems to provide superior performance and flexibility. These systems are designed to operate efficiently under varying conditions, allowing them to adapt to different building requirements and energy sources. The hybrid approach enables these systems to maximize energy efficiency while ensuring optimal comfort levels for occupants. With their ability to use both electricity and alternative energy sources, hybrid systems are gaining popularity among environmentally-conscious consumers. As the demand for flexible, efficient HVAC solutions increases, hybrid VRF systems are expected to become a significant segment within the broader VRF market.

By Application

Residential Buildings:

In residential buildings, VRF systems are increasingly being adopted due to their ability to provide personalized comfort and energy savings. Homeowners are drawn to the flexibility of these systems, which allow for individual temperature control in different rooms, enhancing comfort while minimizing energy waste. The capacity for these systems to operate quietly and efficiently makes them ideal for modern home environments. Furthermore, as energy efficiency becomes a primary concern among consumers, the demand for VRF systems in residential applications is expected to grow substantially. With advancements in technology and increased awareness, builders and homeowners alike are turning to VRF solutions as a means of creating sustainable living spaces.

Commercial Buildings:

Commercial buildings represent one of the largest markets for VRF systems, as these HVAC solutions offer efficient temperature control for diverse spaces, including offices, retail stores, and hospitality venues. The ability to simultaneously cool and heat different areas allows businesses to optimize energy use and maintain comfort across various zones. Additionally, VRF systems are ideal for retrofitting existing structures, making them an attractive option for facility managers seeking to upgrade their HVAC systems without extensive renovations. The ongoing trend toward energy-efficient building designs further propels the adoption of VRF systems in commercial settings, cementing their role in contemporary HVAC practices.

Industrial Buildings:

VRF systems are increasingly being recognized in industrial applications for their efficiency and ability to handle diverse temperature control requirements. These systems enable precise climate management in environments where specific temperature ranges are critical for production processes or equipment functions. The scalability of VRF technology allows it to be tailored to fit large industrial spaces efficiently. Moreover, as industries seek to improve their energy consumption and reduce operational costs, VRF systems are becoming an integral component of modern industrial HVAC strategies. The growing emphasis on sustainability and energy efficiency among manufacturers is likely to drive further adoption of VRF systems in the industrial sector.

Educational Institutions:

In educational institutions, VRF systems are gaining traction as effective solutions for maintaining comfortable learning environments. With the ability to provide individualized heating and cooling in classrooms, auditoriums, and administrative offices, these systems enhance the overall comfort of students and staff alike. Additionally, the energy efficiency associated with VRF technology resonates well with school budgets, as it helps to lower utility expenses. As educational institutions increasingly prioritize energy-efficient solutions and sustainable practices, the adoption of VRF systems is expected to grow, offering significant benefits to both administrators and learners.

Healthcare Facilities:

Healthcare facilities demand precise temperature and humidity control to maintain optimal conditions for patient care, making VRF systems an ideal choice for hospitals and clinics. These systems provide the flexibility to manage diverse environments, from patient rooms to surgical suites, ensuring that healthcare professionals can deliver the best care possible. Furthermore, the energy efficiency of VRF systems contributes to lower operational costs, allowing healthcare providers to allocate resources more effectively. As the healthcare sector focuses on improving patient experiences and operational efficiencies, the integration of VRF systems is likely to become more prevalent in hospitals and other medical facilities.

By Distribution Channel

Direct Sales:

Direct sales represent a significant channel in the VRF systems market, allowing manufacturers to engage directly with customers and tailor solutions to their specific needs. This approach enables manufacturers to establish strong relationships with end-users, ensuring that the systems installed meet the exact requirements of each unique application. The direct sales channel also allows for better control over pricing and promotional strategies, enhancing the overall customer experience. As more consumers seek personalized HVAC solutions, the direct sales model is expected to grow, facilitating the expansion of VRF technology across various sectors.

Indirect Sales:

Indirect sales channels encompass a range of distributors, agents, and retailers who facilitate the sale of VRF systems to end-users. This channel plays a crucial role in expanding market reach, as it allows manufacturers to tap into existing networks and leverage the expertise of experienced partners. Indirect sales channels can enhance product distribution, ensuring that VRF systems are readily available across diverse geographical locations. As the demand for VRF technology rises, collaborating with indirect sales partners becomes increasingly important for manufacturers seeking to maximize their market presence and drive adoption rates.

By Refrigerant Type

R-410A:

R-410A is one of the most commonly used refrigerants in VRF systems, known for its high efficiency and lower impact on the ozone layer compared to older refrigerants. As environmental regulations continue to tighten, the adoption of R-410A is expected to rise, making it a favorable choice for both manufacturers and consumers. Its effectiveness in heat transfer contributes to improved system performance, making it an ideal refrigerant for modern HVAC applications. The ongoing trend toward energy-efficient solutions is likely to bolster the demand for VRF systems utilizing R-410A, as businesses and homeowners prioritize sustainability in their HVAC choices.

R-32:

R-32 is gaining traction in the VRF systems market due to its lower Global Warming Potential (GWP) and superior energy efficiency. Manufacturers are increasingly adopting R-32 in their systems, as it aligns with global sustainability goals and regulations aimed at reducing greenhouse gas emissions. Its high energy efficiency ratings contribute to reduced operating costs, making it an attractive option for both residential and commercial applications. As more organizations work to meet their environmental targets, the demand for VRF systems utilizing R-32 is set to rise, positioning it as a key refrigerant of the future.

R-22:

Although R-22 has been a popular refrigerant in the past, its usage is declining due to its high ozone depletion potential and phase-out regulations. Many manufacturers are transitioning away from R-22 in favor of more environmentally friendly alternatives, such as R-410A and R-32. As the HVAC industry moves towards sustainability, the presence of R-22 in new installations is diminishing. However, there remains a significant number of existing systems still utilizing R-22, and the ongoing demand for retrofitting and servicing these systems continues to influence the market dynamics.

R-407C:

R-407C is another refrigerant commonly used in VRF systems, known for its compatibility with existing air conditioning systems designed for R-22. While it offers a better environmental profile compared to R-22, it still has a moderate GWP. The transition from R-22 to R-407C has been a common practice among HVAC professionals as they seek to upgrade systems without complete overhauls. As regulations surrounding refrigerants tighten, the market for R-407C is expected to gradually decline, paving the way for more sustainable options such as R-32 and R-410A.

R-134a:

R-134a is primarily used in low-temperature refrigeration applications but is also utilized in some VRF systems. Its relatively low ozone depletion potential makes it a better choice compared to older refrigerants like R-22; however, its high GWP limits its application in certain regions. The focus on greener alternatives in the HVAC industry has led to the gradual decline in the use of R-134a, as manufacturers seek to adopt refrigerants that align with increasing environmental regulations and consumer preferences for sustainable solutions. As the market progresses, the demand for R-134a in VRF systems is likely to decrease.

By Region

The North American VRF systems market is expected to experience substantial growth, driven by increasing energy costs and a growing emphasis on sustainable building practices. The region is forecasted to witness a CAGR of approximately 10% over the next decade, as more commercial buildings and residential projects incorporate energy-efficient HVAC solutions. The burgeoning construction sector, coupled with stringent energy efficiency regulations, is propelling demand for VRF systems, making North America one of the leading markets globally. The growing popularity of smart buildings equipped with IoT-based HVAC controls further enhances the appeal of VRF technology in this region.

In Europe, the VRF systems market is also on an upward trajectory, fueled by the European Union’s commitment to reducing carbon emissions and promoting energy efficiency. The region is characterized by a diverse range of applications, with a significant demand emerging from commercial and industrial sectors. The increasing investment in green building initiatives and retrofitting existing structures with energy-efficient systems is expected to drive market growth in Europe. Additionally, as countries implement stricter regulations regarding refrigerants and energy consumption, the adoption of VRF technology is anticipated to accelerate, positioning Europe as a major player in the global VRF systems market.

Opportunities

The growing emphasis on sustainability and energy efficiency presents significant opportunities for the VRF systems market. As governments worldwide impose stricter regulations aimed at reducing energy consumption and carbon emissions, there is a corresponding push for energy-efficient HVAC solutions. This trend is particularly evident in commercial buildings, where the implementation of VRF systems can lead to substantial reductions in energy costs. Additionally, the ongoing development of smart building technologies and IoT integration opens new avenues for VRF systems, enabling enhanced monitoring, control, and optimization of energy use. These advancements can significantly improve end-user experiences, driving further adoption in various sectors. Furthermore, as consumer awareness of environmental issues increases, the demand for eco-friendly refrigerants and systems is likely to rise, aligning with the industry's shift towards sustainable practices.

In addition to sustainability, the emerging markets in Asia Pacific present lucrative growth opportunities for VRF systems. Rapid urbanization, population growth, and a booming middle class in countries such as India and China are leading to increased demand for modern HVAC solutions. As these regions invest in infrastructure and construction activities, the need for efficient climate control systems becomes paramount. The preference for VRF technology in commercial and residential applications is anticipated to expand, driven by the benefits of energy efficiency and zoning capabilities. Manufacturers who can successfully navigate these emerging markets and adapt their offerings to local needs will find significant opportunities for growth in the coming years.

Threats

Despite the promising growth prospects for the VRF systems market, several threats could hinder its expansion. One of the primary concerns is the volatility of raw material prices, which can significantly affect the production costs of VRF systems. Fluctuations in global supply chains, especially in the context of the COVID-19 pandemic, have demonstrated how quickly disruptions can occur, leading to increased costs and delays in project timelines. Additionally, the HVAC industry is becoming increasingly competitive, with numerous players striving to capture market share. This heightened competition can lead to price wars, further putting pressure on profit margins and forcing companies to innovate continuously to differentiate their offerings. Moreover, the adoption of alternative cooling technologies may pose a threat to VRF systems, as consumers and commercial entities explore various energy-efficient options available in the market.

Another significant threat comes in the form of changing regulatory landscapes regarding refrigerants. As governments and organizations continue to phase out refrigerants with high Global Warming Potential (GWP), manufacturers must adapt their products accordingly. The transition to low-GWP refrigerants may require significant investments in research and development, which could challenge smaller companies lacking the financial resources to keep pace. Furthermore, the enforcement of stricter regulations could lead to increased compliance costs, impacting the overall market dynamics. Companies that do not proactively address these regulatory changes may find themselves at a disadvantage, potentially losing market share to more agile competitors.

Competitor Outlook

• Mitsubishi Electric Corporation
• Daikin Industries, Ltd.
• LG Electronics, Inc.
• Samsung Electronics Co., Ltd.
• Toshiba Carrier Corporation
• Trane Technologies plc
• Panasonic Corporation
• Fujitsu General Limited
• Johnson Controls International plc
• Hitachi, Ltd.
• Carrier Global Corporation
• Rheem Manufacturing Company
• York International Corporation
• Chigo Air Conditioning Co., Ltd.
• Gree Electric Appliances, Inc.

The competitive landscape of the VRF systems market is characterized by a mix of established multinational corporations and emerging players, all striving to capitalize on the growing demand for energy-efficient HVAC solutions. The market is witnessing significant investments in research and development, with companies focusing on innovation to enhance the performance and versatility of their offerings. Leading players are increasingly adopting advanced technologies, such as IoT and AI, to improve system efficiency and user experience. Collaborations and partnerships between manufacturers and technology providers are also becoming more common, as companies seek to leverage complementary strengths and expand their market presence. The competition is intense, with firms vying for market share through product differentiation, cost leadership, and strategic positioning.

Major companies such as Mitsubishi Electric, Daikin, and LG Electronics dominate the VRF systems market, each offering a diverse range of products tailored to meet specific customer needs. Mitsubishi Electric, for instance, is well-regarded for its commitment to sustainability and energy efficiency, with a strong portfolio of VRF systems that utilize advanced refrigerants. Daikin, another key player, has positioned itself as a leader in innovative HVAC solutions, continually pushing the boundaries of technology to provide high-performance systems. LG Electronics is also a formidable competitor, offering a wide array of VRF products integrated with smart technology and IoT capabilities, ensuring seamless operation and control. Together, these companies represent a significant portion of the market, setting benchmarks for quality, efficiency, and sustainability.

As the VRF systems market evolves, new entrants are emerging, bringing fresh perspectives and innovations to the industry. Companies like Gree Electric Appliances and Chigo Air Conditioning are gaining traction, particularly in Asia Pacific, where demand for affordable and efficient HVAC solutions is on the rise. These emerging players are leveraging cost-effective manufacturing processes and localized distribution channels to capture market share. Additionally, these companies often focus on eco-friendly products, resonating with the increasing demand for sustainable solutions among consumers. The competitive landscape will continue to shift as new technologies and market dynamics emerge, prompting all players to adapt and innovate to meet changing consumer preferences and regulatory requirements.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Hitachi, Ltd.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 LG Electronics, Inc.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Panasonic Corporation
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Trane Technologies plc
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Daikin Industries, Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Fujitsu General Limited
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Carrier Global Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Rheem Manufacturing Company
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Toshiba Carrier Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Samsung Electronics Co., Ltd.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Gree Electric Appliances, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 York International Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsubishi Electric Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Chigo Air Conditioning Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Johnson Controls International plc
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Variable Refrigerant Flow VRF Systems Market, By Application
    • 6.1.1 Residential Buildings
    • 6.1.2 Commercial Buildings
    • 6.1.3 Industrial Buildings
    • 6.1.4 Educational Institutions
    • 6.1.5 Healthcare Facilities
  • 6.2 Variable Refrigerant Flow VRF Systems Market, By Product Type
    • 6.2.1 Heat Pump Systems
    • 6.2.2 Heat Recovery Systems
    • 6.2.3 Water-Cooled Systems
    • 6.2.4 Gas-Driven Systems
    • 6.2.5 Hybrid Systems
  • 6.3 Variable Refrigerant Flow VRF Systems Market, By Refrigerant Type
    • 6.3.1 R-410A
    • 6.3.2 R-32
    • 6.3.3 R-22
    • 6.3.4 R-407C
    • 6.3.5 R-134a
  • 6.4 Variable Refrigerant Flow VRF Systems Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Variable Refrigerant Flow VRF Systems Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Variable Refrigerant Flow VRF Systems market is categorized based on

By Product Type

• Heat Pump Systems
• Heat Recovery Systems
• Water-Cooled Systems
• Gas-Driven Systems
• Hybrid Systems

By Application

• Residential Buildings
• Commercial Buildings
• Industrial Buildings
• Educational Institutions
• Healthcare Facilities

By Distribution Channel

• Direct Sales
• Indirect Sales

By Refrigerant Type

• R-410A
• R-32
• R-22
• R-407C
• R-134a

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Mitsubishi Electric Corporation
• Daikin Industries, Ltd.
• LG Electronics, Inc.
• Samsung Electronics Co., Ltd.
• Toshiba Carrier Corporation
• Trane Technologies plc
• Panasonic Corporation
• Fujitsu General Limited
• Johnson Controls International plc
• Hitachi, Ltd.
• Carrier Global Corporation
• Rheem Manufacturing Company
• York International Corporation
• Chigo Air Conditioning Co., Ltd.
• Gree Electric Appliances, Inc.