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.
