Global Variable Refrigerant Volume HVAC System Market Research Report 2025

Publication ID:

PB504256936

Publication Date:

April 10, 2025

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

Manufacturers [2]

Machinery [3]

Industry & Manufacturing [4]

Description:

The global market for Variable Refrigerant Volume HVAC System was valued at US$ 5855 million in the year 2024 and is projected to reach a revised size of US$ 8800 million by 2031, growing at a CAGR of 6.1% during the forecast period.
North American market for Variable Refrigerant Volume HVAC System is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Variable Refrigerant Volume HVAC System is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Variable Refrigerant Volume HVAC System in Commercial is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Variable Refrigerant Volume HVAC System include Daikin Industries, Ltd., Johnson Controls International Public Limited Company, Carrier Global Corporation, LG Electronics Inc., Panasonic Holdings Corporation, Lennox International Inc., Mitsubishi Electric Trane HVAC US LLC, Hitachi, Ltd., Fujitsu Limited, Gree Electric Appliances Inc. of Zhuhai, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Variable Refrigerant Volume HVAC System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Variable Refrigerant Volume HVAC System.
The Variable Refrigerant Volume HVAC System market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Variable Refrigerant Volume HVAC System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Variable Refrigerant Volume HVAC System companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Daikin Industries, Ltd.
Johnson Controls International Public Limited Company
Carrier Global Corporation
LG Electronics Inc.
Panasonic Holdings Corporation
Lennox International Inc.
Mitsubishi Electric Trane HVAC US LLC
Hitachi, Ltd.
Fujitsu Limited
Gree Electric Appliances Inc. of Zhuhai
Midea Group
Haier
Segment by Type
Three Pipe System
Two Pipe System
Segment by Application
Commercial
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Variable Refrigerant Volume HVAC System company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Variable Refrigerant Volume HVAC System Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Three Pipe System
1.2.3 Two Pipe System
1.3 Market by Application
1.3.1 Global Variable Refrigerant Volume HVAC System Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Commercial
1.3.3 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Variable Refrigerant Volume HVAC System Market Perspective (2020-2031)
2.2 Global Variable Refrigerant Volume HVAC System Growth Trends by Region
2.2.1 Global Variable Refrigerant Volume HVAC System Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Variable Refrigerant Volume HVAC System Historic Market Size by Region (2020-2025)
2.2.3 Variable Refrigerant Volume HVAC System Forecasted Market Size by Region (2026-2031)
2.3 Variable Refrigerant Volume HVAC System Market Dynamics
2.3.1 Variable Refrigerant Volume HVAC System Industry Trends
2.3.2 Variable Refrigerant Volume HVAC System Market Drivers
2.3.3 Variable Refrigerant Volume HVAC System Market Challenges
2.3.4 Variable Refrigerant Volume HVAC System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Variable Refrigerant Volume HVAC System Players by Revenue
3.1.1 Global Top Variable Refrigerant Volume HVAC System Players by Revenue (2020-2025)
3.1.2 Global Variable Refrigerant Volume HVAC System Revenue Market Share by Players (2020-2025)
3.2 Global Variable Refrigerant Volume HVAC System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Variable Refrigerant Volume HVAC System Revenue
3.4 Global Variable Refrigerant Volume HVAC System Market Concentration Ratio
3.4.1 Global Variable Refrigerant Volume HVAC System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Variable Refrigerant Volume HVAC System Revenue in 2024
3.5 Global Key Players of Variable Refrigerant Volume HVAC System Head office and Area Served
3.6 Global Key Players of Variable Refrigerant Volume HVAC System, Product and Application
3.7 Global Key Players of Variable Refrigerant Volume HVAC System, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Variable Refrigerant Volume HVAC System Breakdown Data by Type
4.1 Global Variable Refrigerant Volume HVAC System Historic Market Size by Type (2020-2025)
4.2 Global Variable Refrigerant Volume HVAC System Forecasted Market Size by Type (2026-2031)
5 Variable Refrigerant Volume HVAC System Breakdown Data by Application
5.1 Global Variable Refrigerant Volume HVAC System Historic Market Size by Application (2020-2025)
5.2 Global Variable Refrigerant Volume HVAC System Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Variable Refrigerant Volume HVAC System Market Size (2020-2031)
6.2 North America Variable Refrigerant Volume HVAC System Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Variable Refrigerant Volume HVAC System Market Size by Country (2020-2025)
6.4 North America Variable Refrigerant Volume HVAC System Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Variable Refrigerant Volume HVAC System Market Size (2020-2031)
7.2 Europe Variable Refrigerant Volume HVAC System Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Variable Refrigerant Volume HVAC System Market Size by Country (2020-2025)
7.4 Europe Variable Refrigerant Volume HVAC System Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Variable Refrigerant Volume HVAC System Market Size (2020-2031)
8.2 Asia-Pacific Variable Refrigerant Volume HVAC System Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Variable Refrigerant Volume HVAC System Market Size by Region (2020-2025)
8.4 Asia-Pacific Variable Refrigerant Volume HVAC System Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Variable Refrigerant Volume HVAC System Market Size (2020-2031)
9.2 Latin America Variable Refrigerant Volume HVAC System Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Variable Refrigerant Volume HVAC System Market Size by Country (2020-2025)
9.4 Latin America Variable Refrigerant Volume HVAC System Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Variable Refrigerant Volume HVAC System Market Size (2020-2031)
10.2 Middle East & Africa Variable Refrigerant Volume HVAC System Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Variable Refrigerant Volume HVAC System Market Size by Country (2020-2025)
10.4 Middle East & Africa Variable Refrigerant Volume HVAC System Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Daikin Industries, Ltd.
11.1.1 Daikin Industries, Ltd. Company Details
11.1.2 Daikin Industries, Ltd. Business Overview
11.1.3 Daikin Industries, Ltd. Variable Refrigerant Volume HVAC System Introduction
11.1.4 Daikin Industries, Ltd. Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.1.5 Daikin Industries, Ltd. Recent Development
11.2 Johnson Controls International Public Limited Company
11.2.1 Johnson Controls International Public Limited Company Company Details
11.2.2 Johnson Controls International Public Limited Company Business Overview
11.2.3 Johnson Controls International Public Limited Company Variable Refrigerant Volume HVAC System Introduction
11.2.4 Johnson Controls International Public Limited Company Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.2.5 Johnson Controls International Public Limited Company Recent Development
11.3 Carrier Global Corporation
11.3.1 Carrier Global Corporation Company Details
11.3.2 Carrier Global Corporation Business Overview
11.3.3 Carrier Global Corporation Variable Refrigerant Volume HVAC System Introduction
11.3.4 Carrier Global Corporation Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.3.5 Carrier Global Corporation Recent Development
11.4 LG Electronics Inc.
11.4.1 LG Electronics Inc. Company Details
11.4.2 LG Electronics Inc. Business Overview
11.4.3 LG Electronics Inc. Variable Refrigerant Volume HVAC System Introduction
11.4.4 LG Electronics Inc. Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.4.5 LG Electronics Inc. Recent Development
11.5 Panasonic Holdings Corporation
11.5.1 Panasonic Holdings Corporation Company Details
11.5.2 Panasonic Holdings Corporation Business Overview
11.5.3 Panasonic Holdings Corporation Variable Refrigerant Volume HVAC System Introduction
11.5.4 Panasonic Holdings Corporation Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.5.5 Panasonic Holdings Corporation Recent Development
11.6 Lennox International Inc.
11.6.1 Lennox International Inc. Company Details
11.6.2 Lennox International Inc. Business Overview
11.6.3 Lennox International Inc. Variable Refrigerant Volume HVAC System Introduction
11.6.4 Lennox International Inc. Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.6.5 Lennox International Inc. Recent Development
11.7 Mitsubishi Electric Trane HVAC US LLC
11.7.1 Mitsubishi Electric Trane HVAC US LLC Company Details
11.7.2 Mitsubishi Electric Trane HVAC US LLC Business Overview
11.7.3 Mitsubishi Electric Trane HVAC US LLC Variable Refrigerant Volume HVAC System Introduction
11.7.4 Mitsubishi Electric Trane HVAC US LLC Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.7.5 Mitsubishi Electric Trane HVAC US LLC Recent Development
11.8 Hitachi, Ltd.
11.8.1 Hitachi, Ltd. Company Details
11.8.2 Hitachi, Ltd. Business Overview
11.8.3 Hitachi, Ltd. Variable Refrigerant Volume HVAC System Introduction
11.8.4 Hitachi, Ltd. Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.8.5 Hitachi, Ltd. Recent Development
11.9 Fujitsu Limited
11.9.1 Fujitsu Limited Company Details
11.9.2 Fujitsu Limited Business Overview
11.9.3 Fujitsu Limited Variable Refrigerant Volume HVAC System Introduction
11.9.4 Fujitsu Limited Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.9.5 Fujitsu Limited Recent Development
11.10 Gree Electric Appliances Inc. of Zhuhai
11.10.1 Gree Electric Appliances Inc. of Zhuhai Company Details
11.10.2 Gree Electric Appliances Inc. of Zhuhai Business Overview
11.10.3 Gree Electric Appliances Inc. of Zhuhai Variable Refrigerant Volume HVAC System Introduction
11.10.4 Gree Electric Appliances Inc. of Zhuhai Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.10.5 Gree Electric Appliances Inc. of Zhuhai Recent Development
11.11 Midea Group
11.11.1 Midea Group Company Details
11.11.2 Midea Group Business Overview
11.11.3 Midea Group Variable Refrigerant Volume HVAC System Introduction
11.11.4 Midea Group Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.11.5 Midea Group Recent Development
11.12 Haier
11.12.1 Haier Company Details
11.12.2 Haier Business Overview
11.12.3 Haier Variable Refrigerant Volume HVAC System Introduction
11.12.4 Haier Revenue in Variable Refrigerant Volume HVAC System Business (2020-2025)
11.12.5 Haier Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

Daikin Industries, Ltd.
Johnson Controls International Public Limited Company
Carrier Global Corporation
LG Electronics Inc.
Panasonic Holdings Corporation
Lennox International Inc.
Mitsubishi Electric Trane HVAC US LLC
Hitachi, Ltd.
Fujitsu Limited
Gree Electric Appliances Inc. of Zhuhai
Midea Group
Haier

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