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United Kingdom HVAC Market Size, Share, Trends, Analysis: By Equipment: Heating, Ventilation, Cooling; By Implementation Type: New Constructions, Retrofits; By End Use: Residential, Commercial, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis; Value Chain Analysis; Trade Data Analysis; Competitive Landscape; 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Equipment |
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| Breakup by Implementation Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Europe HVAC Market Overview
8.1 Key Industry Highlights
8.2 Europe HVAC Historical Market (2018-2023)
8.3 Europe HVAC Market Forecast (2024-2032)
9 United Kingdom HVAC Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom HVAC Historical Market (2018-2023)
9.3 United Kingdom HVAC Market Forecast (2024-2032)
10 United Kingdom HVAC Market by Equipment
10.1 Heating
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Heat Pumps
10.1.3.2 Furnaces
10.1.3.3 Unitary Heaters
10.2 Ventilation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Market by Type
10.2.3.1 Air-Handling Units
10.2.3.2 Air Filters and Purifiers
10.2.3.3 Ventilation Fans
10.2.3.4 Dehumidifiers and Humidifiers
10.2.3.5 Others
10.3 Cooling
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Unitary Air Conditioners
10.3.3.2 VRF Systems
10.3.3.3 Chillers
10.3.3.4 Coolers
10.3.3.5 Cooling Towers
10.3.3.6 Others
11 United Kingdom HVAC Market by Implementation Type
11.1 New Constructions
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Retrofits
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United Kingdom HVAC Market by End Use
12.1 Residential
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Commercial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Industrial
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 United Kingdom HVAC Market by Region
13.1 England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Wales
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Scotland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Northern Ireland
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8415, 841861)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 LG Corp.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Robert Bosch GmbH
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Mitsubishi Electric Corporation
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Alfa Laval AB
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Daikin Industries Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Lennox International Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Carrier Global Corp.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Ariston Holding N.V.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Danfoss A/S
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Vaillant GmbH
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Europe HVAC Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom HVAC Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom HVAC Historical Market: Breakup by Equipment (USD Million), 2018-2023
4. United Kingdom HVAC Market Forecast: Breakup by Equipment (USD Million), 2024-2032
5. United Kingdom HVAC Historical Market: Breakup by Implementation Type (USD Million), 2018-2023
6. United Kingdom HVAC Market Forecast: Breakup by Implementation Type (USD Million), 2024-2032
7. United Kingdom HVAC Historical Market: Breakup by End Use (USD Million), 2018-2023
8. United Kingdom HVAC Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. United Kingdom HVAC Historical Market: Breakup by Region (USD Million), 2018-2023
10. United Kingdom HVAC Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. United Kingdom HVAC Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7.5% between 2024 and 2032.
The different end uses of HVAC in the market include residential, commercial, and industrial.
The different types of implementations of HVAC include new constructions and retrofits.
The different HVAC types considered in the market report are heating, ventilation, and cooling.
The major regions in the market include England, Wales, Scotland, and Northern Ireland.
The key market players are 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, and Vaillant GmbH, among others.
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