International. The report on the global VRF Systems market provides a qualitative and quantitative analysis for the period from 2016 to 2024. The Researchs and Markets report predicts that the global VRF systems market will grow with a CAGR of 11.9% during the period 2018-2024.
The various benefits of VRF systems such as high performance, energy efficiency, and the great potential offered by the system, drive the growth of the market for this class of solutions globally. In addition, VRF has the low cost of providing heat, ventilation and air conditioning and requires little maintenance. These factors are expected to increase the growth of the market during the forecast period.
On the downside, complex guidelines to control the concentration limit of the refrigerator are holding back the growth of the market. Moreover, it is anticipated that the increasing adoption of VRF systems in the residential and commercial sectors due to their small and flexible design will create more opportunities for companies working on the VRF system.
