Australia and New Zealand Water-Cooled Heat Pump VRF Systems Market Research Report 2022: Increasing Demand for Energy-Efficient VRF Systems –

DUBLIN–()–The “Australia and New Zealand Water-Cooled Heat Pump VRF Systems Market Research Report: By Application, Capacity – Industry Analysis and Growth Forecast to 2030” report has been added to’s offering.

Australian water-cooled heat recovery VRF market value is set to reach $31,739.6 thousand by 2030, at an 8.8% CAGR. Similarly, the New Zealand water-cooled heat recovery VRF market revenue, which was estimated at $2,590.8 thousand for 2021, will experience a CAGR of 6.8%, to reach $4,677.2 thousand by 2030.

Key Findings of Australia and New Zealand Water-Cooled Heat Recovery VRF Market Report

  • Another key factor driving the sale of such equipment in Australasia is the growing focus on green buildings. Since VRF systems act as a complete HVAC solution, they eliminate the need for different systems for heating, ventilation, and air conditioning, thus saving energy.
  • In this regard, a key driver for the Australia and New Zealand water-cooled heat recovery VRF market is the New Zealand Building Council’s target to construct only 100% green buildings from 2030 onwards.
  • Similarly, the Green Building Council of Australia has set this target for 2050, which will ultimately push up the requirement for VRF systems, especially in its major urban centers, such as Melbourne, Sydney, Adelaide, Hobart, Darwin, Perth, and Brisbane.
  • Hence, the rapid infrastructure development in these countries is the major driver for water-cooled heat recovery VRF system sales here. For instance, in 2021 Q2, the value of the construction done in Australia rose to $36,415.4 million (AUD 52,875.5 million).
  • Among all the components of such systems, outdoor units witness the highest installation rate, due to the rising integration of inverter-controlled compressors as a means to save energy.
  • In the coming years, the sale of indoor units is set to increase the fastest in both the countries, as multiple indoor units are connected to one outdoor unit in a building.

The healthcare category will become a major revenue contributor to the Australia and New Zealand water-cooled heat recovery VRF market in the coming years owing to the government measures to advance their healthcare infrastructure. For instance, the Government of New Zealand has announced an investment of $500.9 million (NZD 700 million) for healthcare infrastructure development and plans to renovate 24 local hospitals in the coming years.

Similarly, many new hospitals are being constructed in Southern Australia and several older ones renovated. This will lead to a high sale of water-cooled heat recovery VRF systems for newer infrastructure as well as to replace the conventional HVAC systems installed in existing spaces. The preference for VRF systems is driven by their energy-saving feature, which is due to the capturing of the waste heat from the areas being cooled and its usage in areas that need to be heated.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Voice of Industry Experts/KOLs

Chapter 5. Definition of Market Segments

5.1 By Capacity

5.1.1 0 to 50 kW

5.1.2 51 to 100 kW

5.1.3 Above 100 kW

5.2 By Application

5.2.1 Residential

5.2.2 Commercial Industries Offices Healthcare Hospitality Others

Chapter 6. Industry Outlook

6.1 Market Dynamics

6.1.1 Trends Rapid construction of green buildings

6.1.2 Drivers Rising number of residential and commercial projects Increasing demand for energy-efficient VRF systems

6.1.3 Impact Analysis of Drivers on Market Forecast

6.1.4 Restraints High initial cost and growing popularity of alternatives

6.1.5 Impact Analysis of Restraints on Market Forecast

6.2 Impact of COVID-19

6.3 Porter’s Five Forces Analysis

Chapter 7. Australia Market Size and Forecast

7.1 Overview

7.2 Market Volume, by Capacity (2017-2030)

7.3 Market Revenue, by Capacity (2017-2030)

7.4 Market Volume, by Application (2017-2030)

7.5 Market Revenue, by Application (2017-2030)

7.5.1 Market Volume, by Commercial Application (2017-2030)

7.5.2 Market Revenue, by Commercial Application (2017-2030)

Chapter 8. New Zealand Market Size and Forecast

8.1 Overview

8.2 Market Volume, by Capacity (2017-2030)

8.3 Market Revenue, by Capacity (2017-2030)

8.4 Market Volume, by Application (2017-2030)

8.5 Market Revenue, by Application (2017-2030)

8.5.1 Market Volume, by Commercial Application (2017-2030)

8.5.2 Market Revenue, by Commercial Application (2017-2030)

Chapter 9. Competitive Landscape

9.1 List of Market Players and Their Offerings

9.2 Competitive Benchmarking of Key Players

9.3 Market Share Analysis of Key Players

9.3.1 Australia Water-Cooled Heat Pump VRF Systems Market

9.3.2 New Zealand Water-Cooled Heat Pump VRF Systems Market

Chapter 10. Company Profiles

10.1 Mitsubishi Electric Corporation

10.2 Daikin Industries Ltd.

10.3 Johnson Controls International plc

10.4 Kirby HVAC&R Pty. Ltd.

10.5 Carrier Global Corporation Inc.

10.6 LG Electronics Inc.

10.7 Clivet Spa

10.8 Adelaide Geoexchange Pty. Ltd.

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