North America Variable Refrigerant Flow System Market Size & Outlook
North America variable refrigerant flow system market, 2018-2030 (US$M)
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North America variable refrigerant flow system market highlights
- The North America variable refrigerant flow system market generated a revenue of USD 3,182.5 million in 2023.
- The market is expected to grow at a CAGR of 9.7% from 2024 to 2030.
- In terms of segment, heat pump was the largest revenue generating system type in 2023.
- Heat Pump is the most lucrative system type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 3,182.5 million |
| Market revenue in 2030 | USD 6,092.2 million |
| Growth rate | 9.7% (CAGR from 2023 to 2030) |
| Largest segment | Heat pump |
| Fastest growing segment | Heat Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump |
| Key market players worldwide | Carrier Corporation, Daikin Industries Ltd, Fujitsu Ltd, Haier Smart Home Co Ltd ADR, Blue Star, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Trane Technologies PLC Class A, Mitsubishi Electric Corp, Rheem Manufacturing, Samsung Electronics Co Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 17.8% of the global variable refrigerant flow system market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,527.6 million by 2030.
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Variable Refrigerant Flow System Market Scope
Variable Refrigerant Flow System Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America variable refrigerant flow system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to variable refrigerant flow system market will help companies and investors design strategic landscapes.
Heat pump was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America variable refrigerant flow system market based on heat pump covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America variable refrigerant flow system market , including forecasts for subscribers. This continent databook contains high-level insights into North America variable refrigerant flow system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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