In the period 2014 – 2017 the UK ventilation and air conditioning market grew steadily, with stability in the UK economy and consumer and business confidence levels stimulating construction activity.
Positive influences on the ventilation and air conditioning market include increasing health, safety and energy efficiency legislation, revised Building Regulations and increasing environmental concerns. This has stimulated product innovation and development.
Although the market situation in early 2019 is more subdued, the current forecast for the UK ventilation and air conditioning market remains moderately positive, with continued steady growth from 2021 onwards. The outlook for this market, like many others, will depend on the outcome of Brexit and the path the UK government takes to exit the EU.
The future performance of the UK ventilation and air conditioning market is likely to be influenced by overall trends in commercial construction and new house building, RMI activity, energy efficiency legislation, renewable technologies, plus climatic factors and air temperatures. Brexit and the trade and legislative deals agreed by the UK government during the process of leaving the EU will also have some considerable impact.