United Kingdom HVAC Market Insights Forecasts to 2033

• The U.K. HVAC Market Size was valued at USD 5.7 Billion in 2023.
• The Market Size is Growing at a CAGR of 7.36% from 2023 to 2033
• The U.K. HVAC Market Size is expected to reach USD 11.6 Billion by 2033

The United Kingdom HVAC Market is anticipated to exceed USD 11.6 Billion by 2033, growing at a CAGR of 7.36% from 2023 to 2033. The growing urbanization, rising construction activities, energy efficiency regulations, and increasing awareness about the importance of indoor air quality are driving the growth of the HVAC market in the UK.      

Market Overview

HVAC systems are used to control a space's or building's humidity, temperature, and air quality and are required for ensuring a comfortable and healthy interior environment. The HVAC market focuses on the design, installation, and upkeep of HVAC (heating, ventilation, and air conditioning) systems. HVAC systems are more frequently seen in larger buildings like hotels or commercial centers due to the combined heating, ventilation, and air conditioning capabilities they offer in the UK. Users in the home, business, and industrial sectors are paying close attention to cutting-edge technology including inverter-based systems, mart controls, and IoT integration for improved energy management and remote monitoring capabilities. As traditional HVAC units are phased out, new rules and standards that the UK’s indoor air quality authorities propose are anticipated to leverage market opportunities for manufacturers.

Report Coverage

This research report categorizes the market for the U.K. HVAC market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom HVAC market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the U.K. HVAC market.

Driving Factors

In 2022, the UK government initiated a number of programs and initiatives aimed at enhancing the quality of indoor air within residential, commercial, and industrial building structures. Thus, the initiatives for renewable heat by the HVAC industry are propelling the market. The increasing demand for energy-efficient and sustainable cooling solutions owing to the regulations associated with energy efficiency are driving the market growth. Further, the growing urbanization along with rising construction activities are responsible for escalating the market growth. In addition, the rising awareness about the importance of indoor air quality are anticipated to propel the UK HVAC market.

Restraining Factors

The high installation cost of HVAC system may hamper the market. Further, the emergence of energy shortage and crises across the region are challenging the HVAC market. The UK had an energy crisis in 2022 and 2023, which made it difficult for millions of people to pay their energy bills.

Market Segmentation

The United Kingdom HVAC Market share is classified into product type and end use.

• The air conditioning equipment segment dominates the market with the largest market share during the forecast period.

The United Kingdom HVAC market is segmented by product type into heating equipment, ventilation equipment, air conditioning equipment, chillers, and cooling towers. Among these, the air conditioning equipment segment dominates the market with the largest market share during the forecast period. As consumers become more aware of the damaging effects of prolonged AC use on the environment, there is a growing need for controlled AC consumption. The demand for wi-fi connected thermostats, which have wired connectivity and allow for remote monitoring and control over the settings of the air conditioner are driving the market growth.

• The residential segment accounted for the largest share of the UK HVAC market during the forecast period.       

Based on the end use, the U.K. HVAC market is divided into residential, commercial, and industrials. Among these, the residential segment accounted for the largest share of the UK HVAC market during the forecast period. HVAC system are integral to maintain comfort and indoor air quality for households. HVAC system includes air conditioning equipment such as central air conditioning units or ductless mini splits for cooling in hot areas, as well as a range of heating choices like as boilers, heat pumps, and furnaces for controlling indoor temperatures throughout the winter. Additionally necessary for maintaining appropriate airflow and reducing interior pollutants are ventilation systems.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. HVAC market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Bosch Thermotechnik GmbH
• Danfoss A/S
• Daikin Europe N.V.
• Carrier Corporation
• Ingersoll-rand European Holding Company B.V.
• Midea Europe GmbH
• CIAT Air Conditioners
• Ferroli Limited
• Vaillant GmbH
• Mitsubishi Electric Europe B.V.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom HVAC Market based on the below-mentioned segments:

United Kingdom HVAC Market, By Product Type

• Heating Equipment
• Ventilation Equipment
• Air Conditioning Equipment
• Chillers
• Cooling Towers

United Kingdom HVAC Market, By End Use

• Residential
• Commercial
• Industrials