Europe VRF Market (2019-2025) | Size, Share, Analysis, Revenue, Trends, Value, Forecast, industry & Outlook

Market Forecast By Components (Outdoor Units and Indoor Units, Control Systems & Accessories), By Compressors (Air Cooled and Water Cooled), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Countries (Germany, France, Italy, Spain, United Kingdom and Rest of Europe) and Competitive Landscape

Product Code: ETC000734 Publication Date: Aug 2019 Updated Date: Apr 2023 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Latest 2023 Developments of the Europe VRF Market

The Europe VRF Market is rising well owing to the system’s eco-friendly and energy-efficient features and this trend is anticipated to continue since more property owners in the region adopt this technology. The rise in demand for systems with enhanced heat recovery potentials is amongst the key developments in the sector. Heat recovery enables waste heat from one part of the building to be used elsewhere by decreasing costs and energy consumption. Manufacturers in the VRF Market in Europe offer small-size systems that are suitable for residential properties, that have conventionally been dominated by small split air conditioning units and this shift makes it easy for homeowners to enjoy the advantages of these systems without any requirement for large-scale equipment. Moreover, software technology advancements enabled remote control and monitoring of HVAC systems via mobile devices, giving users the ability to manage cooling and heating as per their needs. Manufacturers are focusing on sustainability features like refrigerant leak detection technologies which decrease the impact on the environment while also enhancing safety standards. These developments in the market are stimulating the Europe VRF Market Growth

Europe VRF Market Synopsis

Growing consumer awareness towards energy saving in the HVAC industry, a rise in the construction market and expansion of the hospitality and retail sectors would fuel the VRF market in the European region. In Europe centralized air conditioning market, chillers have captured a major share, however, over the next six years, the VRF segment is expected to gain momentum on the back of its lower energy consumption.

According to 6Wresearch, the Europe VRF Market size is anticipated to register growth during 2019-2025. By component market, Europe VRF market revenue is led by outdoor units and would continue to dominate over the forecast period. Further, in the Europe market, France generated significant market revenues in 2018 and the market would be primarily expected to be driven by countries such as Italy and Spain over the next six years.

Commercial application is the leading revenue-contributing application and would be the front runner in generating key revenues of the overall Europe VRF Market due to the expansion of commercial buildings and expected investments in the commercial sector.

The Europe VRF market report thoroughly covers the market by component, system type, application, regions and key countries. The Europe VRF market outlook report provides an unbiased and detailed analysis of the ongoing Europe VRF market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

VRF Market Size in Europe

The size of the market is continuously growing as there are many factors supporting the growth of the market in the region. Growing consumer awareness towards energy saving in the HVAC industry, a rise in the construction market and expansion of the hospitality and retail sectors would fuel the VRF market in the European region. Manufacturers are focusing on sustainability features like refrigerant leak detection technologies which decrease the impact on the environment while also enhancing safety standards. Manufacturers play a crucial role in the growing Europe VRF Market Share.

Leading Players in the Europe VRF Industry

There are many players operating in the sector and the number will continue to increase. Some leading players in the sector are:

  • Daikin Industries Ltd.
  • Mitsubishi Electric Corporation
  • Fujitsu Limited
  • Toshiba Corporation
  • LG Electronics Inc.
  • Johnson Controls International plc
  • Samsung Electronics 
  • Panasonic Corporation
  • Hitachi Ltd.

Key Highlights of the Report:

  • Europe VRF Market Overview
  • Europe VRF Market Outlook
  • Europe VRF Market Forecast
  • Historical Data of Europe VRF Market Revenues & Volume for the Period 2015-2018
  • Europe VRF Market Size and Europe VRF Market Forecast of Revenues & Volume, Until 2025
  • Historical Data of Europe VRF Market Revenues & Volume, By Component, for the Period 2015-2018
  • Market Size & Forecast of Europe VRF Market Revenues & Volume, By Component, Until 2025
  • Historical Data of Europe VRF Market Revenues and Volume, By System Type, for the Period 2015-2018
  • Market Size & Forecast of Europe VRF Market Revenues and Volume, By System Type, Until 2025
  • Historical Data of Europe VRF Market Revenues and Volume, By Applications, for the Period 2015-2018
  • Market Size & Forecast of Europe VRF Market Revenues and Volume, By Applications, Until 2025
  • Historical Data of Germany VRF Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of Germany VRF Market Revenues and Volume, Until 2025
  • Historical Data of France VRF Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of France VRF Market Revenues and Volume, Until 2025
  • Historical Data of Italy VRF Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of Italy VRF Market Revenues and Volume, Until 2025
  • Historical Data of United Kingdom VRF Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of United Kingdom VRF Market Revenues and Volume, Until 2025
  • Historical Data of Spain VRF Market Revenues and Volume, for the Period 2015-2018
  • Market Size & Forecast of Spain VRF Market Revenues and Volume, Until 2025
  • Market Drivers and Restraints
  • Europe VRF Market Price Trends
  • Europe VRF Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis 
  • Market Opportunity Assessment
  • Europe VRF Market Share, By Component, By Players
  • Europe VRF Market Share, By Component, By Regions 
  • Europe VRF Market Overview on Competitive Benchmarking
  • Company Profiles 
  • Key Strategic Recommendations

Markets Covered

The Europe VRF Market report provides a detailed analysis of the following market segments:

By Components:

  • Outdoor Units
  • Indoor Units
  • Control Systems and Accessories

By Compressors:

  • Air Cooled
  • Water Cooled

By System Types:

    o Heat Pump System
          ■ Air-Source
          ■ Ground-Source
          ■ Absorption
    o Heat Recovery System

By Applications:

  • Commercial
  • Residential
  • Others

By Countries:

  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
Europe VRF Market: FAQs
The market is projected to attain new growth in the coming years since there is the growing demand for VRF systems across the region.
VRF stands for Variable Refrigerant Flow and it is an HVAC (heating, ventilation, and air conditioning) technology which enables different rooms or zones in a building to have different temperatures.
VRF systems are used in commercial as well as residential buildings across Europe. They're often found in hospitals, hotels, schools, office buildings, and apartment complexes.
The commercial application segment is dominating the market and it will continue to dominate it.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
    2.1 Report Description
    2.2 Key Highlights of The Report
    2.3 Market Scope & Segmentation
    2.4 Research Methodology
    2.5 Assumptions
3 Europe VRF Market Overview
    3.1 Europe VRF Market Revenues & Volume, 2015-2025F
    3.2 Europe VRF Market Revenue Share, By Compressors, 2018 & 2025F
    3.3 Europe VRF Market Revenue Share, By Components, 2018 & 2025F
    3.4 Europe VRF Market Revenue Share, By System Types, 2018 & 2025F
    3.5 Europe VRF Market Revenue Share, By Applications, 2018 & 2025F
    3.6 Europe VRF Market Revenue Share, By Regions, 2018 & 2025F
    3.7 Europe VRF Market Industry Life Cycle
    3.8 Europe VRF Market- Porter's Five Forces, 2018
4 Europe VRF Market Dynamics
    4.1 Impact Analysis
    4.2 Market Drivers
    4.3 Market Restraints
5 Europe VRF Market Trends
6 Europe VRF Market Overview, By Components
    6.1 Europe VRF Market Revenues & Volume, By Outdoor Units, 2015-2025F
    6.2 Europe VRF Market Revenues & Volume, By Indoor Units, 2015-2025F
    6.3 Europe VRF Market Revenues & Volume, By Control Systems and Accessories, 2015-2025F
7 Europe VRF Market Overview, By System Types
    7.1 Europe VRF Market Revenues & Volume, By Heat Pump Systems, 2015-2025F
          7.1.1 Europe VRF Market Revenues & Volume, By Air-Source, 2015-2025F
          7.1.2 Europe VRF Market Revenues & Volume, By Ground-Source, 2015-2025F
          7.1.3 Europe VRF Market Revenues & Volume, By Absorption, 2015-2025F
    7.2 Europe VRF Market Revenues & Volume, By Heat Recovery Systems, 2015-2025F
8 Europe VRF Market Overview, By Applications
    8.1 Europe VRF Market Revenues & Volume, By Commercial, 2015-2025F
    8.2 Europe VRF Market Revenues & Volume, By Residential, 2015-2025F
    8.3 Europe VRF Market Revenues & Volume, By Others, 2015-2025F
9 Germany VRF Market Overview
    9.1 Germany VRF Market Revenues & Volume, 2015-2025F
    9.2 Germany VRF Market Revenues and Volume, By Components, 2015-2025F
    9.3 Germany VRF Market Revenues and Volume, By System Types, 2015-2025F
    9.4 Germany VRF Market Revenues and Volume, By Compressor Types, 2015-2025F
    9.5 Germany VRF Market Revenues and Volume, By Applications, 2015-2025F
10 France VRF Market Overview
      10.1 France VRF Market Revenues & Volume, 2015-2025F
      10.2 France VRF Market Revenues and Volume, By Components, 2015-2025F
      10.3 France VRF Market Revenues and Volume, By System Types, 2015-2025F
      10.4 France VRF Market Revenues and Volume, By Compressors, 2015-2025F
      10.5 France VRF Market Revenues and Volume, By Applications, 2015-2025F
11 Italy VRF Market Overview
      11.1 Italy VRF Market Revenues & Volume, 2015-2025F
      11.2 Italy VRF Market Revenues and Volume, By Components, 2015-2025F
      11.3 Italy VRF Market Revenues and Volume, By System Types, 2015-2025F
      11.4 Italy VRF Market Revenues and Volume, By Compressor Types, 2015-2025F
      11.5 Italy VRF Market Revenues and Volume, By Applications, 2015-2025F
12 United Kingdom VRF Market Overview
      12.1 United Kingdom VRF Market Revenues & Volume, 2015-2025F
      12.2 United Kingdom VRF Market Revenues and Volume, By Components, 2015-2025F
      12.3 United Kingdom VRF Market Revenues and Volume, By System Types, 2015-2025F
      12.4 United Kingdom VRF Market Revenues and Volume, By Compressors, 2015-2025F
      12.5 United Kingdom VRF Market Revenues and Volume, By Applications, 2015-2025F
13 Spain VRF Market Overview
      13.1 Spain VRF Market Revenues & Volume, 2015-2025F
      13.2 Spain VRF Market Revenues and Volume, By Components, 2015-2025F
      13.3 Spain VRF Market Revenues and Volume, By System Types, 2015-2025F
      13.4 Spain VRF Market Revenues and Volume, By Compressors, 2015-2025F
      13.5 Spain VRF Market Revenues and Volume, By Applications, 2015-2025F
14 Rest of Europe VRF Market Overview
      14.1 Rest of Europe VRF Market Revenues & Volume, 2015-2025F
15 Europe VRF Market Opportunity Assessment
      15.1 Europe VRF Market Opportunity Assessment, By Components, 2025F
      15.2 Europe VRF Market Opportunity Assessment, By System Types, 2025F
      15.3 Europe VRF Market Opportunity Assessment, By Compressor, 2025F
      15.4 Europe VRF Market Opportunity Assessment, By Application, 2025F
16 Europe VRF Market Competitive Landscape
      16.1 Europe VRF Market Revenue Share, By Companies, 2018
              16.1.1 Germany VRF Market Revenue Share, By Companies, 2018
              16.1.2 France VRF Market Revenue Share, By Companies, 2018
              16.1.3 Italy VRF Market Revenue Share, By Companies, 2018
              16.1.4 United Kingdom VRF Market Revenue Share, By Companies, 2018
              16.1.5 Spain VRF Market Revenue Share, By Companies, 2018
      16.2 Europe VRF Market Competitive Benchmarking, By Operating Parameters
17 Company Profiles
18 Strategic Recommendations
19 Disclaimer

Latin America VRF Market (2019-2025): Market Forecast By Compressors (Air Cooled and Water Cooled), By Components (Outdoor Units and Indoor Units, Control Systems & Accessories), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Countries (Mexico, Brazil, Argentina and Rest of Latin America Region) and Competitive Landscape

Middle East VRF Market (2019-2025): Market Forecast By Compressors (Air Cooled and Water Cooled), By Components (Outdoor Units and Indoor Units, Control Systems & Accessories), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Countries (UAE, Saudi Arabia, Turkey, Kuwait, Qatar, Oman and Bahrain) and Competitive Landscape

North America VRF Market (2019-2025): Market Forecast By Compressors (Air Cooled and Water Cooled), By Components (Outdoor Units, Indoor Units and Control Systems & Accessories), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Regions (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa), By Key Countries and Competitive Landscape

Global VRF Market (2019-2025): Market Forecast By Compressors (Air Cooled and Water Cooled), By Components (Outdoor Units, Indoor Units and Control Systems & Accessories), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Regions (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa), By Key Countries and Competitive Landscape

Africa VRF Market (2019-2025): Market Forecast By Compressors (Air Cooled and Water Cooled), By Components (Outdoor Units, Indoor Units and Control Systems & Accessories), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Countries (South Africa, Egypt, Nigeria, Algeria and Rest of Africa) and Competitive Landscape

Asia Pacific VRF Market (2019-2025): Market Forecast By Compressors (Air Cooled and Water Cooled), By Components (Outdoor Units, Indoor Units and Control Systems & Accessories), By System Types (Heat Pump System, Air-Source, Ground-Source, Absorption and Heat Recovery System), By Applications (Commercial, Residential and Others), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand and Philippines) and Competitive Landscape

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