United Kingdom HVAC Market Report and Forecast 2024-2032

United Kingdom HVAC Market Size

The United Kingdom HVAC market is projected to grow at a CAGR of 7.5% between 2024 and 2032. The market is being driven by the expansion of retail stores and the growing focus on sustainability.

United Kingdom HVAC Market Outlook

• Heating systems are expected to constitute a significant portion of the market share.

• Sustainability is expected to emerge as key market driver for HVAC systems in the UK.

• Technological advancements are expected to facilitate the market growth over the forecast period.

United Kingdom HVAC Market Growth

The expanding size of retail showrooms in the UK is expected to fuel the demand for smart and energy-efficient HVAC solutions. For example, fashion  brands such as Marks and Spencer are looking at integrating artificial intelligence-based solutions into their existing HVAC systems to predict optimal heating and cooling requirements of their facility and save up to 3 million pounds annually by minimising 2000 tons of carbon emissions. Hence, the shift towards sustainability is expected to impart significant momentum to the market growth.

The strengthening of legal regulations surrounding decarbonisation of new buildings is expected to accelerate the market expansion. For instance, the government of Scotland has passed the legislation of New Build Heat Standards, which forbids the installation of direct emissions heating systems like LPG boilers from April 2024. This is prompting key players to develop low-carbon emission systems, which can contribute to the goal of decarbonised buildings by 2045 in Scotland.

The adoption of heat pumps is expected to witness a rapid surge in the forecast period, given the plans of the UK government to reduce its electricity prices and promote the usage of eco-friendly HVAC systems within residential and commercial spaces.

United Kingdom HVAC Industry Segmentation

United Kingdom HVAC Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Equipment

• Heating
  • Heat Pumps
  • Furnaces
  • Unitary Heaters
• Ventilation
  • Air-Handling Units
  • Air Filters and Purifiers
  • Ventilation Fans
  • Dehumidifiers and Humidifiers
  • Others
• Cooling
  • Unitary Air Conditioners
  • VRF Systems
  • Chillers
  • Coolers
  • Cooling Towers
  • Others

Market Breakup by Implementation Type

• New Constructions

• Retrofits

Market Breakup by End Use

• Residential

• Commercial

• Industrial

Market Breakup by Region

• England

• Wales

• Scotland

• Northern Ireland

United Kingdom HVAC Market Share

Based on implementation type, the market is divided into new constructions and retrofits. Over the forecast period, retrofits are expected to constitute a major portion of the market share, as consumers shift towards installing energy-efficient devices within their homes to minimise electricity bills.

Leading Companies in the United Kingdom HVAC Market

The report provides a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers and acquisitions, investments, and capacity expansion.

• LG Corp.

• Robert Bosch GmbH

• Mitsubishi Electric Corporation

• Alfa Laval AB

• Daikin Industries Ltd.

• Lennox International Inc.

• Carrier Global Corp.

• Ariston Holding N.V.

• Danfoss A/S

• Vaillant GmbH

• Others

Major market players are introducing new product models on online distribution platforms, which is driving the consumer appeal of HVAC systems.

Key Highlights of the Report