The UK ventilation and air conditioning market experienced growth of 4% in 2014, and by the end of 2019 market value is forecast to have reached a value in excess of £1.2bn. Though growth rates expected between 2015 and 2019 can be considered moderate, this marks a turnaround for a market that has seen static conditions at best since the beginning of the economic downturn.
The largest product sector is air conditioning systems, which account for over half of the market by value, followed by ventilation products and VAC accessories. Positive influences on the ventilation and air conditioning market in recent years have included increasing health, safety and energy efficiency legislation, revised Building Regulations and environmental legislation, all of which have stimulated product innovation and development.
The future performance of the UK ventilation and air conditioning market is likely to be influenced by overall trends in housebuilding and non-domestic construction, RMI activity, fuel prices, energy efficiency legislation, renewable technologies, levels of personal disposable income, plus climatic factors and air temperatures. More specifically, initiatives include The ErP Directive for ventilation fans, the European Ozone Depleting Substances (ODS) Regulation, the CRC Energy Efficiency Scheme which targets emissions from large public and private sector organisations, EU Fire Legislation and general concerns relating to fire and smoke precautions and The Green Deal.
Enhanced levels of market penetration are also likely to arise from product innovation and technological developments that will lead to an overall increase in system efficiencies. For example, variable speed drives, multiple scroll compressors, EC motors, heat recovery and demand control ventilation.
“In general, the UK ventilation and air conditioning market exhibits the characteristics of an increasingly mature market with manufacturers developing brand and product differentiation and niche specific sectors in order to secure competitive advantage” said Keith Taylor, Director of AMA Research. “The relatively wide range of end use sectors and specialist applications for UK ventilation and air conditioning products represents a supporting factor to underpin the long term market development.”
The current forecast is based on steady growth in the economy and on business and consumer confidence levels. By 2019 it is estimated that the UK ventilation and air conditioning market will have increased by around 10% when compared to the estimated market size in 2015.
The ‘Ventilation and Air Conditioning Market Report – UK 2015-2019 Analysis’ report is published by AMA Research, a leading provider of market research and consultancy services within the construction and home improvement markets. The report is available now and can be ordered online at www.amaresearch.co.uk or by calling 01242 235724.