United Kingdom HVAC Market, By Product Type (Direct Expansion Systems and Central Air Conditioning Systems), By End Use Sector, By Region, Competition Forecast & Opportunities, 2017-2027

Report
75 Pages
July 2022
Region: United Kingdom
TechSci Research
ID: 5624479

The market growth can be attributed to the rising demands for improved HVAC systems to reduce energy consumption

The United Kingdom HVAC market is projected to grow at a formidable rate during the forecast period. The market growth can be attributed to the rising demands for improved HVAC systems to reduce energy consumption. Besides, the growing construction business and growing number of end-users such as the data center market is expected to propel the need for the HVAC market in the United Kingdom. Factors such as technological innovations and climate changes are also contributing to the rising adoption of HVAC equipment. The increasing affordability of housing owing to growing government support in the form of high budget allocations and the introduction of infrastructural reforms to cut down carbon emissions are some factors aiding the growth of the United Kingdom HVAC market. Shifting focus toward eco-friendly HVAC units and the launch of new products that consume less power and operate on renewable sources of energy are anticipated to fuel the market growth. An increase in multi-family and individual homeowners coupled with a growing preference for HVAC for enhanced comfort is anticipated to fuel the United Kingdom HVAC market.

The United Kingdom HVAC market is segmented based on product type, end user, and region. Based on the product type, the market has been divided into direct expansion systems and central air conditioning systems. The direct expansion system is further segmented into split, window, ductable split, VRF, cassette, and others. The central air conditioning systems segment is split into chillers, boilers, cooling towers, air handling units, fan coil units, HVAC control system, and others. Based on end use sector, the market is divided into residential, commercial real estate, institutional, marine & offshore, and others. The residential segment is expected to hold the largest market share due to the growing population, leading to new installations.

Some of the leading players in the United Kingdom HVAC market are Bosch Thermotechnik GmbH, Vaillant GmbH, Daikin Europe N.V, Danfoss A/S, Ingersoll-Rand European Holding Company B.V, Carrier Corporation, CIAT Air Conditioners, Ferroli Limited, Midea Europe GmbH, Mitsubishi Electric Europe B.V., etc.

Years considered for this report:

Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F-2027F

Objective of the Study:

To analyze and estimate the market size of United Kingdom HVAC market from 2017 to 2021.
To estimate and forecast the market size of United Kingdom HVAC market market from 2022 to 2027.
To classify and forecast United Kingdom HVAC market based on product type, end user, company, and regional distribution.
To identify drivers and challenges for United Kingdom HVAC market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United Kingdom HVAC market.
To conduct the pricing analysis for United Kingdom HVAC market.
To identify and analyze the profile of leading players involved in the United Kingdom HVAC market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the globe. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the offerings, distribution channels and presence of all major manufacturers across the globe.

The publisher calculated the market size of United Kingdom HVAC market using a bottom-up approach, where data for various application across various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the publisher.

Key Target Audience:

HVAC manufacturers and suppliers
Government and other regulatory bodies
Research institutes and organizations
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, United Kingdom HVAC market has been segmented into following categories, in addition to the industry trends which have also been detailed below: