China's VRF Market Slows in the First Half of 2018

摘要

In the first half of 2018, the variable refrigerant flow (VRF) market in China has been shifting from a developmental to a mature stage. In particular, VRF systems for residential applications confronted a bottleneck period in their development. Of them, mini-VRF systems, which had been growing dramatically in the home decoration market, now experienced stagnation in sales. Their growth rate was only 7% in the first half of 2018, which showed a sharp decline from the 38.4% growth rate in the first half of 2017. What caused such a huge drop in China's VRF market growth?