VRF/GHP
AFRICA
The African VRF market is very small, with only 9,600 units sold in 2017, owing to relatively low incomes and low purchasing ability. The main market is concentrated in South Africa, followed by Egypt...
SOUTH KOREA
The VRF market in South Korea has been expanding along with rising demand for cooling multiple rooms in the same residence, and has become the third-largest market in the world after China and Japan. ...
Iraq
Iraq’s VRF market in 2017 was 600 units. Hisense Hitachi offers VRFs for the Khabat project in Iraq. The company invited project representatives to its VRF factory in China in December ...
Kuwait
Kuwait’s VRF market is still very small, with only 1,000 units in 2017. In 2017, AHI Carrier and Carrier Kuwait presented Toshiba VRFs at their customer event in Kuwait. Toshiba VRFs are available through AHI Carrier in 96 countries. Designed for efficient and trouble-free operation in T3 ambient conditions, SMMS-e VRF is available in a single module of 16 ton (20 hp), which can be ...
Iran
In Iran, the VRF market scale increased to 4,200 units in 2017. The huge young population accounts for a large share of the market in Iran, which presents promising market potential for VRFs. However, the impact of economic sanctions has not ceased. ...
Qatar
In Qatar, the VRF market increased to 2,700 units in 2017. Qatar is the host country of the 2022 World Cup, which will stimulate the development of the VRF market. In preparation for the big event, construction has begun on the 80,000-seater Lusail Stadium and is expected to be completed by 2020. The stadium is part of a new US$ 45 billion city project. Construction work has also begun on...
Saudi Arabia
In Saudi Arabia, the VRF market scale increased to 3,700 units in 2017. A value-added tax (VAT) was introduced in Saudi Arabia on January 1, 2018, with a rate of 5%. The VAT will increase the gover...
UAE
The UAE is the largest VRF market in the Middle East, with a market scale of 10,000 units in 2017. The 2017 VRF market was supported by large projects, many of them luxury condominiums in the...
MIDDLE EAST
The Middle Eastern market shows high potential for VRF systems, as it does for RACs. The Middle Eastern VRF market was driven by population growth and an increasing number of large urban development p...
AUSTRALIA
Continuing from 2016, the 2017 Australian air conditioner market showed steady growth, supported by a housing construction boom. The Australian VRF market scale is estimated at 15,600 units in 2017, i...
Chile
In 2017, VRF demand in Chile slightly increased to 1,100 units. Compared with neighboring markets, Chile has high demand for heat recovery type VRF products. In Chile, there are only a few Japanese manufacturers. Daikin established a sales subsidiary in Chile in 2013. Fujitsu General’s VRF systems are offered in Chile through its distributor Eurofred Chile, which is a joint...
Argentina
VRF market scale in Argentina increased to 2,400 units in 2017. Daikin and LG lead the local VRF market. There are only a few Japanese manufacturers in Argentina. Daikin has had a sales subsidiary in the country since 2001. Utilizing close ties between the Chinese and Argentine governments, Chinese manufacturers have entered the market and started to set up a sales system. Midea&...
