Ventilation and Air Conditioning Market Report - UK 2021-2025 - AMA Research

Ventilation and Air Conditioning Market Report - UK 2021-2025

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The 6th edition of the Ventilation & Air Conditioning Market Report UK 2021-2025 represents an informed and up-to-date review of this dynamic market and covers ventilation systems, air conditioning products and VAC accessories.

 

£995.00 Exc. VAT

The 6th edition of the Ventilation & Air Conditioning Market Report UK 2021-2025 has been published by AMA Research. The report represents an informed and up-to-date review of this dynamic market and covers ventilation systems, air conditioning products and VAC accessories.

Key Issues Covered in the Report

  • The effects of Covid-19 pandemic on the construction industry, with forecasts to 2025. The heightened concerns about Indoor Air Quality (IAQ) in residential homes and commercial buildings.
  • The government 2050 carbon net zero target and the impact of increasing environmental legislation regarding energy efficiency.
  • Market situation post Brexit influencing residential housebuilding and non-residential construction sectors. Areas of potential future market opportunity for VAC suppliers.

Some of the companies listed in the report:

Volution Holdings, Vent-Axia, Manrose, Diffusion, National Ventilation, Airtech, Breathing Buildings and Torin-Sifan, Nuaire, Zehnder Group, Greenwood AirVac, EBM Papst, Fläktgroup UK, EnviroVent, Airflow Developments, Daikin, Toshiba Carrier, Mitsubishi Electric, Fujitsu General and Johnson Controls-Hitachi, Toshiba Carrier, Trane UK, Johnson Controls-Hitachi, Daikin Applied, Mitsubishi Electric, Trox UK, TEV, Xpelair, Lindab, Domus Ventilation, Swegon Air Management, Krantz, Rega Ventilation.

Areas of Particular Interest

  • Increasing regulatory legislation – Part F 2020, Part L 2020, SAP10, Future Homes Standard, ODS Regulation, EPBD Directive, Fire and Smoke, F-Gas, etc.
  • Government initiatives providing long term market motivation – Clean Growth Strategy, implementation of smart meters, Enhanced Capital Allowance Scheme, PSDS, ESOS, RHI etc.
  • Product innovation and technological developments – variable speed drives, multiple scroll compressors, EC motors, free cooling, DCV, VRF systems, smart controls, heat recovery systems etc.
  • The growth of smart building solutions in homes and non-residential applications. The increased requirement for interoperability and remote control of intelligent systems.
  • Considerable replacement opportunities in existing buildings, including upgrades, and retrofitting systems with smart technology.

KEY AREAS COVERED IN THE REPORT

Market Overview

  • Overall market size by value 2016 to 2020, rates of change, key trends and factors of influence, forecasts through to 2025.
  • Overall new work output by commercial end-use sector by value, from 2016 to 2020, with forecasts to 2024. Commercial RMI output performance to 2024.
  • Positive and negative factors include economic influences such as commercial construction, business confidence levels, and the cost of imports.
  • Other drivers of ventilation and air conditioning market growth including legislative changes, environmental factors, and technological developments.
  • Overall product mix by value – ventilation systems, air conditioning products, VAC accessories.

Ventilation

  • Market size, trends, and forecasts through to 2025, market mix (non-residential, residential), imports and exports (small extract, axial, centrifugal ventilation fans).
  • Non-residential ventilation – axial fans, centrifugal fans, other fans, continuous system ventilation (MVHR, MEV etc.). Product mix, trends, and market prospects.
  • Residential ventilation – intermittent extract fans, MVHR, MEV, d-MEV, PIV. Analysis by product group – product mix, market size, new build trends etc.
  • Major manufacturers – market shares, financials, factors influencing market position, characteristics etc.
  • Review of distribution – non-residential ventilation, residential ventilation – key channels and developments.

Air Conditioning

  • Overall market size, trends, key market influences. Forecasts through to 2025. Market size and mix by product group – packaged and central station systems.
  • Packaged Air Conditioning (PAC) – product mix (split systems, portables, self-contained, close control). Analysis by product group, trends, influences etc.
  • Central Station Air Conditioning Plant (CSACP) – product mix (AHU’s, chillers/condensers, terminal units – fan coil units, chilled beams/ceilings, VAV units). Analysis by product group.
  • Leading manufacturers – market shares, characteristics, financials etc.
  • Review of distribution by product group – key channels and developments.

VAC Accessories

  • Accessories market size and prospects to 2025.
  • Product mix (ducting, filters, grilles/diffusers/registers, dampers, natural ventilators, other). Key influences and trends, major suppliers etc.
  • Review of distribution – key channels and developments. Company overview of key trade distributors – merchants, bathroom distributors, online specialists, etc.

The market for ventilation and air conditioning systems has been growing at a steady pace between 2016 and 2019, before a sharp decline in 2020 caused by the Covid-19 pandemic and its widespread impact on the construction sector.

Indoor air quality (IAQ) has become an increasingly important consideration, and particularly so since the start of the Covid-19 pandemic. There is growing evidence that airborne pathogens are constantly circulating around inside buildings. Good ventilation is therefore vital to help dilute pathogens in indoor air, reducing occupants’ risk of catching Covid-19 or another respiratory virus.

Environmental initiatives that have had significant influence on the non-residential sector include the Ozone Depleting Substances Regulation (ODS) which has banned the use R22 refrigerant to service or maintain existing air conditioning equipment. This measure continues to support the new build and replacement market for air conditioning systems using allowable refrigerants such as R32.

In the residential sector, the Future Homes Standard, to be introduced by 2025, will also have some notable impact on the industry. This standard requires new build homes to be future proofed with low carbon and energy efficient HVAC technologies. It is anticipated that homes built to this standard should have 75% to 80% fewer CO2 emissions than those built to current building regulations.

This new standard has led to revisions to Part L and Part F in 2020. The changes to Part L seek to prepare new dwellings to be ready for low carbon HVAC systems, putting forward a preferred “fabric plus technology” option which seeks a 31% reduction in CO2 emissions. Revisions to Part F 2020 are designed to implement new guidance to reduce the level of external air pollutants entering homes through ventilation.

In terms of product trends, there has been notable growth in energy efficient Variable Refrigerant Flow (VRF) air conditioning systems. Sales of compact Air Handling Units (AHU) have also seen good growth with the requirement to ventilate smaller, more airtight commercial buildings. Mechanical ventilation with heat recovery (MVHR) systems now dominate continuous system sales and are progressively installed in new build homes. Decentralised systems such as d-MEV extract units are also in greater demand.

The prospects for the UK ventilation and air conditioning market in 2021 are positive, with a strengthening construction pipeline of new work and RMI activity going forward. The market is expected to achieve annual growth rates of 3-4% in value terms between 2022 and 2025, with a more settled economic outlook and the increasing demand for more intelligent, energy efficient solutions.

CONTENTS

1. INTRODUCTION 9
1.1 BACKGROUND 9
1.2 SOURCES OF INFORMATION 9
2. SUMMARY AND MARKET PROSPECTS 11
2.1 MARKET SUMMARY 11
2.2 KEY TRENDS & INFLUENCES 12
2.3 MARKET PROSPECTS 14
3. VENTILATION & AIR CONDITIONING MARKET 15
3.1 MARKET DEFINITION 15
3.2 MARKET SIZE 15
3.3 SECTOR MIX 16
3.4 NON-DOMESTIC CONSTRUCTION INFLUENCES 16
3.4.1 Non-domestic Construction Overview (New Work, RMI) 16
3.4.2 Industrial 19
3.4.3 Offices 19
3.4.4 Retail 21
3.4.5 Education 22
3.4.6 Healthcare 23
3.4.7 Entertainment and Leisure 24
3.5 RESIDENTIAL INFLUENCES 26
3.5.1 New House Building Completions 26
3.5.2 Mix of House Building Completions 27
3.5.3 Self Build Housing 28
3.6 OTHER MARKET INFLUENCES 29
3.6.1 Environmental Legislation and Energy Initiatives 29
3.6.2 Energy Related Products Directive (ErP) 33
3.6.3 Renewable Energy Technologies 34
3.6.4 Smart Building Technologies 35
3.6.5 Covid-19 36
4. VENTILATION 38
4.1 MARKET OVERVIEW 38
4.1.1 Market Definition 38
4.1.2 Market Size & Trends 2016-2025 39
4.1.3 Imports and Exports (EU, Non-EU) 42
4.2 PRODUCT TRENDS 43
4.2.1 Product Mix (Commercial, Industrial, Residential Ventilation) 43
4.2.2 Commercial & Industrial Ventilation (Axial, Centrifugal, Other, MVE, MVHR) 43
4.2.3 Residential Ventilation (Intermittent Extract Fans, MVHR, MEV, d-MEV, PIV) 48
4.3 SUPPLIERS 56
4.3.1 Market Shares 56
4.3.2 Key Companies 57
4.3.3 Other Suppliers 60
4.4 DISTRIBUTION 63
4.4.1 Non-Residential Ventilation 63
4.4.2 Residential Ventilation 64
5. AIR CONDITIONING 65
5.1 MARKET OVERVIEW 65
5.1.1 Market Definition 65
5.1.2 Market Size & Trends 2016-2025 65
5.2 PRODUCT TRENDS 68
5.2.1 Product Mix (PAC & CSACP) 68
5.2.2 Packaged Air Conditioning Systems (PAC) 68
5.2.3 Central Station Air Conditioning Plant (CSACP) 73
5.3 SUPPLIERS 78
5.3.1 Market Shares – Packaged Air Conditioning (PAC) 78
5.3.2 Market Shares – Central Station Air Conditioning Plant (CSACP) 79
5.3.3 Key Companies 79
5.3.4 Other Suppliers 82
5.4 DISTRIBUTION 85
5.4.1 Packaged Air Conditioning (PAC) 85
5.4.2 Central Station Air Conditioning Plant (CSACP) 86
6. VENTILATION AND AIR CONDITIONING ACCESSORIES 88
6.1 MARKET OVERVIEW 88
6.1.1 Market Definition 88
6.1.2 Market Size & Trends 2016 – 2025 88
6.2 PRODUCT TRENDS 90
6.2.1 Product Mix 90
6.2.2 Ducting and Fabricated Parts 90
6.2.3 Filters 91
6.2.4 Natural Ventilators 92
6.2.5 Grilles, Diffusers and Registers 93
6.2.6 Fire, Smoke and Air Control Dampers 94
6.2.7 Other Products (Chimneys, Flues, Valves, Cowls) 94
6.3 DISTRIBUTION 95
APPENDICES 96
APPENDIX A: ECONOMIC ENVIRONMENT 96
A.1 OVERVIEW AND OUTLOOK 96
A.2 GDP 96
A.3 INFLATION & INTEREST RATES 98
A.4 EMPLOYMENT & WAGES 99
A.5 HOUSEHOLD CONSUMPTION 100
A.6 STERLING 101
A.7 TRADE & BUSINESS INVESTMENT 102

 

TABLES AND CHARTS

CHART 1: UK VENTILATION & AIR CONDITIONING MARKET BY VALUE (£M MSP) 2016 – 2025 11
CHART 2: UK VENTILATION & AIR CONDITIONING MARKET BY VALUE (£M MSP) 2016-2025 15
CHART 3: OVERALL MARKET MIX BY PRODUCT TYPE BY VALUE 2020 16
CHART 4: NON-RESIDENTIAL CONSTRUCTION OUTPUT NEW WORK & RMI BY VALUE 2016 – 2025 (£BN AT CURRENT PRICES) 17
CHART 5: NON-RESIDENTIAL NEW CONSTRUCTION OUTPUT ANALYSIS BY SECTOR 2020 AND 2025 – % BY VALUE 18
CHART 6: VALUE OF CONTRACTORS OUTPUT IN THE INDUSTRIAL SECTOR (£ BILLION AT CURRENT PRICES) 2016 – 2025 19
CHART 7: VALUE OF CONTRACTORS OUTPUT IN THE OFFICES SECTOR (£ BILLION AT CURRENT PRICES) 2016 – 2025 20
CHART 8: VALUE OF CONTRACTORS OUTPUT IN THE RETAIL SECTOR (£ BILLION AT CURRENT PRICES) 2016 – 2025 21
CHART 9: VALUE OF CONTRACTORS OUTPUT IN THE EDUCATION SECTOR (£ BILLION AT CURRENT PRICES) 2016 – 2025 22
CHART 10: VALUE OF CONTRACTORS OUTPUT IN THE HEALTHCARE SECTOR (£ BILLION AT CURRENT PRICES) 2016 – 2025 23
CHART 11: VALUE OF CONTRACTORS OUTPUT IN ENTERTAINMENT & LEISURE SECTOR (£ BILLION AT CURRENT PRICES) 2016 – 2025 24
TABLE 12: GB: TOTAL RESIDENTIAL STARTS AND COMPLETIONS (ENGLAND, WALES AND SCOTLAND) (000’S) 2015 TO 2024 26
CHART 13: HOUSE BUILDING COMPLETIONS 2007-2020 % MIX BY TYPE OF DWELLING 27
TABLE 14: UK VENTILATION MARKET (£M MSP) 2016 – 2025 39
TABLE 15: IMPORTS AND EXPORTS OF VENTILATION FANS 2020 (£M) 42
TABLE 16: IMPORTS AND EXPORTS OF VENTILATION FANS 2018 – 2020 (£M) 42
CHART 17: OVERALL VENTILATION MARKET MIX BY PRODUCT TYPE (COMMERCIAL & INDUSTRIAL, RESIDENTIAL) BY VALUE 2020 43
CHART 18: RESIDENTIAL VENTILATION MARKET MIX BY PRODUCT TYPE (EXTRACT, MVHR, MEV, PIV) BY VALUE 2020 48
CHART 19: INTERMITTENT EXTRACT FANS MARKET MIX BY TYPE OF INSTALLATION BY VOLUME 2020 50
CHART 20: RESIDENTIAL MVHR MARKET MIX BY TYPE OF INSTALLATION BY VOLUME 2020 52
TABLE 21: VENTILATION SUPPLIERS % MARKET SHARE BY VALUE 2020 57
TABLE 22: LEADING VENTILATION SUPPLIERS FINANCIAL DATA 2018, 2019 AND 2020 58
CHART 23: NON-RESIDENTIAL MARKET DISTRIBUTION BY CHANNEL BY VALUE 2020 63
TABLE 24: RESIDENTIAL MARKET DISTRIBUTION BY CHANNEL BY VALUE 2020 64
TABLE 25: UK AIR CONDITIONING MARKET (£M MSP) 2016–2025 65
CHART 26: UK AIR CONDITIONING MARKET MIX BY VALUE 1994, 2020, 2025 68
TABLE 27: UK PACKAGED AIR CONDITIONING MARKET (£M MSP) 2016-2025 69
TABLE 28: IMPORTS AND EXPORTS OF SELF-CONTAINED PAC PRODUCTS AND SPLIT SYSTEMS 2018 – 2020 (£M) 70
TABLE 29: UK CENTRAL STATION AIR CONDITIONING MARKET (£M MSP) 2016-2025 73
TABLE 30: PAC SYSTEM SUPPLIERS % MARKET SHARES BY VALUE 2020 78
TABLE 31: CENTRAL STATION SYSTEM SUPPLIERS % MARKET SHARES BY VALUE 2020 79
TABLE 32: LEADING AIR CONDITIONING SUPPLIERS FINANCIAL DATA 2018, 2019 AND 2020 80
CHART 33: PAC MARKET DISTRIBUTION BY CHANNEL BY VALUE 2020 85
TABLE 34: UK VENTILATION AND AIR CONDITIONING ACCESSORIES MARKET (£M MSP) 2016–2025 88
TABLE 35: VAC ACCESSORIES MARKET MIX BY PRODUCT TYPE BY VALUE 2020 90
CHART A1: GVA CHAINED VOLUME MEASURES, 2016-2021, KEY CONSTITUENT ELEMENTS 98
CHART A2: CPI INFLATION AND BANK OF ENGLAND BASE RATE, 2008-2023 99
CHART A3: AVERAGE WEEKLY EARNINGS DATA – GB – TOTAL PAY – 2014-2019 (SEASONALLY ADJUSTED) 100
CHART A4: DI PER CAPITA & SAVINGS RATIO AT CURRENT PRICES 2008-2023 101
CHART A5: EXCHANGE RATE FLUCTUATIONS 2015-2019, STERLING TO THE DOLLAR AND THE EURO, SPOT RATES 102
CHART A6: TRADE & BUSINESS INVESTMENT, 2019-2020 103

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