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.
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.
Mark Kuntz, senior vice president, Mitsubishi Electric US Cooling & Heating Division, shares with our HVAC contractor readers the ductless technology trends he is seeing from a manufacturer’s perspective and what contractors can do to sell the product.
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.
Over the past decade, many efficient construction methods and technologies have been integrated into the single-family residential, municipal, government, and light commercial markets. But, one sector has lagged: multi-family condominiums and apartments.