UK Hvac Systems Market Size & Outlook, 2023-2030
UK hvac systems market, 2018-2030 (US$M)
Related Markets
UK hvac systems market highlights
- The UK hvac systems market generated a revenue of USD 6,222.1 million in 2023 and is expected to reach USD 10,282.0 million by 2030.
- The UK market is expected to grow at a CAGR of 7.4% from 2024 to 2030.
- In terms of segment, boilers was the largest revenue generating equipment in 2023.
- Heat Pump is the most lucrative equipment segment registering the fastest growth during the forecast period.
Hvac systems market data book summary
| Market revenue in 2023 | USD 6,222.1 million |
| Market revenue in 2030 | USD 10,282.0 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Boilers |
| Fastest growing segment | Heat Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump, Furnace, Unitary Heaters, Boilers, Air Purifier, Dehumidifier, Air Handling Units, Ventilation Fans, Air Conditioning, Chillers, Cooling Towers |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, UK accounted for 2.7% of the global hvac systems market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, France hvac systems market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 17,427.3 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK hvac systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hvac systems market will help companies and investors design strategic landscapes.
Boilers was the largest segment with a revenue share of 29.59% in 2023. Horizon Databook has segmented the UK hvac systems market based on heat pump, furnace, unitary heaters, boilers, air purifier, dehumidifier, air handling units, ventilation fans, air conditioning, chillers, cooling towers covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Department for Business, Energy, and Industrial Strategy, the total energy usage augmented by 4.6% between 2020 and 2021, from 128.0 to 134.0 million tons of oil equivalent. Furthermore, energy consumption increased by 4.2% across most industrial sectors, with gas accounting for the majority of the rise.
Moreover, domestic energy use grew by 2.2 million tons of oil equivalent in 2021 compared to 2020. These aforementioned factors are anticipated to propel the demand for HVAC systems in the coming years. In the UK, the demand for HVAC systems is strongly influenced by government regulations and initiatives aimed at improving energy efficiency and reducing carbon emissions.
The country has set ambitious targets to achieve net-zero carbon emissions by 2050. As a result, there is a growing emphasis on the adoption of energy-efficient HVAC technologies to meet sustainability goals. For instance, The Energy Performance of Buildings (England and Wales) Regulations sets standards for energy performance in buildings, encouraging the installation of energy-efficient HVAC systems.
Reasons to subscribe to UK hvac systems market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of UK hvac systems market databook
-
Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK hvac systems market , including forecasts for subscribers. This country databook contains high-level insights into UK hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK hvac systems market size, by equipment, 2018-2030 (US$M)
UK HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
