MarketsandMarkets forecasts 11.4% CAGR for VRF market
September 5, 2016
Factors driving the VRF systems market include increasing demand for improved energy-efficient equipment and lower environmental impact due to use of low-GWP (global warming potential) refrigerants, growing construction activities, and increased legislation and energy management initiatives.
LG Multi-V IV VRF air conditioning systems now certified in all 50 states
August 10, 2016
LG Electronics USA announced that its Multi-V IV variable refrigerant flow (VRF) air-source systems have been certified to exceed California’s stringent seismic building requirements. The company said these air conditioning systems are now certified in all 50 states.
As the American market becomes more familiar with variable refrigerant flow (VRF) systems, it’s discovering firsthand the technology’s ability to deliver exceptional comfort with lower life cycle costs. Additionally, contractors are touting the ability to perform maintenance on systems individually, allowing them to fix a problem without disrupting the comfort delivered to the remainder of the facility.
VRF systems can achieve up to 30 percent HVAC energy cost savings relative to minimally code-conventional-compliant systems or older inefficient systems across a range of building types, according to the Pacific Northwest National Laboratory. In addition to energy savings, VRF systems offer flexibility, cost-effective installation, and greater comfort for end users.
Factors driving the market include increasing demand for improved energy-efficient equipment
July 25, 2016
The global variable refrigerant flow (VRF) systems market is forecast to reach $24.09 billion by 2022, growing at a compound annual growth rate (CAGR) of 11.4 percent between 2016 and 2022, according to a new report published by MarketsandMarkets.
The shelter was in urgent need of an immediate upgrade
May 9, 2016
The Orlando, Florida-based Women’s Residential and Counseling Center is a transitional establishment for local women and children who have experienced hardship and are looking for a safe place to temporarily call home.
A focus on individualized comfort and energy efficiency spurs VRF growth in North America
April 25, 2016
While VRF technology has had a strong footprint in Japan and Europe for decades, it’s still maturing and gaining widespread acceptance throughout North America. And as the market matures and evolves, manufacturers are enhancing and improving their ductless offerings, including those featuring VRF technology.