Chinese VRF Market Still Showing Solid Growth

2021-08-31
Chinese variable refrigerant flow (VRF) market has seen recovery year after year. Compared with the year-on-year high growth rate of over 100% in the first quarter, the VRF market saw rational performance in April.

According to statistics from ChinaIOL, commercial air conditioners saw a total sales value of RMB 11.88 billion (about US$ 1.83 billion) in April, 2021, indicating a 26.7% year-on-year growth rate. Among them, VRFs saw a sales value of RMB 6.88 billion (about US$ 1.06 billion), growing by 31.8% year on year, presenting the leading growth rate in the commercial air conditioner industry segment. Domestic sales remained the major market for commercial air conditioners.
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