Standardization of VRF Technology to Unlock New Revenue Streams in U.S. Commercial Air Conditioning Systems Market.
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Commercial air conditioning systems are key to commercial properties, and the installations are proliferating world over. Particularly in the U.S., the demand for variable refrigerant flow (VRF) systems is one of the major product types likely to gather steam. The proliferating demand for VRF systems in the U.S. for medium to large applications is a key trend in the commercial air conditioning systems. In other parts of the world, notably in Asia Pacific, the market for VRF has largely matured or will soon hit the maturation stage. Hence, manufacturers and vendors are actively looking for new revenues streams in the U.S. Various small-to-medium establishments hotels, offices, mixed-use commerce buildings, and retail spaces are seeing rapidly increasing demand for VRF, expanding the revenue potential of various players in the commercial air conditioning systems market. Several product characteristics underpin the popularity of VRF as commercial air conditioning systems. The ease of installation, that of control and maintenance, and the ease of use are key factors fueling adoption.
The COVID-19 pandemic has considerably challenged the equilibrium of several businesses across industries, including in the U.S. The health pandemic has also led to vast economic upheavals in the recent months. Consumer demands fell dramatically in some industries, shaking the bottom-line of many businesses in a span of just few months. Nevertheless, players in the regional market are keen on adopting new customer reach strategies and integrating automation in large part of operational processes. These efforts are being supported by respective regional governments. This has opened new opportunities in the U.S. commercial air conditioning systems market. Manufacturers and vendors are also to see new avenues on the back of energy-efficient systems. Focus of manufacturers and other market players on brining standardization in VRF technologies will unlock vast lucrative avenues. More prominently, the sustainability aspect will spur product innovation in the not-so-distant future in the U.S. market.
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