Variable Refrigerant Flow (VRF) Systems Market Will Reach $24.1 Billion by 2023 and Is Growing at a CAGR of 13.4% During 2018 – 2023
Global Variable Refrigerant Flow (VRF) systems market is expected to reach $24.1 Billion by 2023 and is growing at a CAGR of 13.4% during 2018–2023. The growth in the market can be attributed to the increasing demand for energy-efficient and cost-effective heating, ventilation, and air conditioning (HVAC) systems. Besides, growing construction industry and increasing energy management activities are the key factors bolstering the growth of the VRF systems market, globally. Major players in the market are focusing on providing eco-friendly refrigerants for these systems, and consumers in developed economies are increasingly adopting the VRF technology. Request for a free sample copy of this research report @ https://www.psmarketresearch.com/market-analysis/variable-refrigerant-flow-systems-market/report-sample On the basis of application, the VRF systems market has been categorized into commercial, residential, and other applications. Commercial areas of application include bui