Headline News Volume 532
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eJARN.com Headline News
Date: May 29, 2020, Volume 532
( http://www.ejarn.com )
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<May Special edition>
1. World VRF Market in 2019, OVERVIEW
Based on outdoor units, the global variable refrigerant flow (VRF) system market has reached 1.86 million units. The growth rate of VRFs was only 4.9% because of a persistently sluggish economy, but mini-VRFs for homes and small offices continued to maintain a high growth rate, with an increase rate of 8.6%.
May Special page 1
https://www.ejarn.com/detail.php?id=62521&l_id=
2. China
In 2019, China’s VRF system market including residential and commercial systems grew by 3.8% year onyear, with a total sales volume of 1.08 million units. Among them, the commercial VRF market experienced negative growth, while the domestic mini-VRF market continues to grow, but with a growth rate that has dropped sharply. Big projects have plummeted. There are many delays in medium sized projects, with relatively long periods required to secure funding, and fierce price competition is in full swing. But there has been a slight increase in renovation projects in schools, hospitals, enterprises, and institutions.
May Special page 8
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3. EUROPE
Demand for VRFs in Europe including Turkey reached 177,000 units in 2019, an increase of 3% over the previous year. Among them, the growth of mini-VRFs is more obvious than that of VRFs, which have achieved double-digit growth for many consecutive years. As the proportion of mini-VRF systems increases, the increase in the VRF market appears to be relatively flat in terms of sales value. Traditional key markets in Western Europe include France, Italy, United Kingdom, Germany and Spain. France is the largest market in Europe.
May Special page 14
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4. Southeast Asia
The Southeast Asian market is one of the most attractive VRF system markets. Seven major countries in Southeast Asia, comprising Vietnam, Thailand, the Philippines, Singapore, Indonesia, Malaysia, and Myanmar, have cumulatively seen total demand reaching 67,700 units in 2019, indicating 9.5% growth year on year. Strong growth was seen in commercial buildings, villas, and hotels in this region, providing the market with major growth momentum.
May Special page 24
https://www.ejarn.com/detail.php?id=62601&l_id=
5. NORTH AMERICA-USA
The U.S. VRF system market in 2019 is estimated to have increased by 5.8% to 41,900 units, and mini-VRFs are estimated to have increased by 15.9% to 26,900 units. The combined number of VRFs and mini-VRFs was estimated to have increased by 9.6% to 68,800 units from 62,800 units in 2018. Both VRFs and mini-VRFs are growing, but mini-VRFs are growing faster than VRFs, and this trend has become striking in recent years.
May Special page 30
https://www.ejarn.com/detail.php?id=62604&l_id=
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