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In the United Kingdom, the revenue in the Heating & Cooling market reaches US$2.16bn in 2024.
It is projected to experience an annual growth rate of 2.33% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue, amounting to US$126bn in 2024.
Taking into account the total population figures, the per person revenue in 2024 stands at US$31.73.
The United Kingdom is experiencing a growing trend towards eco-friendly heating and cooling solutions, driven by increasing environmental awareness and government incentives.

Definition:

In the segment of Heating & Cooling, the focus lies on various heating and cooling systems which can be found inside buildings. Included in this segment regarding cooling are mainly air conditioners and cooling supplies.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Air conditioners & coolers
Heating systems & heaters
Stoves, fireplaces & chimneys
Heating & cooling supplies

Air treatment devices (purifier, humidifier, etc.)
Ventilators
Solar systems for heating support

In the DIY & Hardware Store Market in the United Kingdom, the Heating & Cooling Market is currently experiencing negligible growth due to various factors such as the slow adoption of digital technologies, limited consumer awareness of the importance of home heating and cooling, and the convenience of traditional methods. These factors have all contributed to the sluggish growth rate in this market.

Customer preferences: Consumers in the DIY & Hardware Store Market are increasingly looking for energy-efficient and eco-friendly heating and cooling solutions, driven by growing awareness of environmental issues. This has led to a rise in the demand for smart thermostats and home automation systems that offer better control and monitoring of energy usage. Additionally, there is a growing trend towards portable and compact cooling units as smaller living spaces become more common in urban areas. These shifts reflect a larger cultural shift towards sustainable living and a desire for convenience and efficiency in home maintenance.

Trends in the market: In the United Kingdom, the Heating & Cooling Market within the DIY & Hardware Store Market is experiencing a shift towards energy-efficient and eco-friendly solutions. This trend is driven by increasing awareness of climate change and government initiatives promoting greener alternatives. This has led to a rise in sales of smart thermostats, renewable heating systems, and energy-efficient cooling units. This trend is expected to continue in the future, with potential implications for industry stakeholders such as increased competition and the need for innovative and sustainable products.

Local special circumstances: In the United Kingdom, the Heating & Cooling market within the DIY & Hardware Store Market is shaped by the country's temperate climate and its strict building regulations. With temperatures rarely reaching extreme levels, the market is driven by the need for cost-effective and energy-efficient heating and cooling solutions. Additionally, government initiatives promoting sustainable living have led to the popularity of eco-friendly heating and cooling options, such as heat pumps and solar-powered systems. The UK's culturally driven DIY culture also contributes to the demand for affordable and user-friendly heating and cooling products in the market.

Underlying macroeconomic factors: The Heating & Cooling Market within the DIY & Hardware Store Market in the United Kingdom is affected by macroeconomic factors such as consumer purchasing power, inflation rates, and government policies. The UK's stable economic growth and high levels of disposable income have led to increased spending on home improvement and renovation projects, driving demand for heating and cooling products. Additionally, the government's initiatives to promote energy efficiency and reduce carbon emissions have increased the adoption of energy-efficient heating and cooling systems, further propelling market growth. However, fluctuations in exchange rates and potential impacts of Brexit negotiations on trade and regulations may pose challenges for the market in the future.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The heating, ventilation, and air conditioning (HVAC) technology provides environmental comfort through thermal manipulation (heating and air conditioning) and acceptable indoor air quality (ventilation). Sometimes refrigeration is also included in the field as HVACR. The HVAC industry is largely fueled by regional regulations and differences: Asia was said to have one of the largest HVAC market sizes, with a larger demand for air conditioners than in other regions. Meanwhile, Italy was one of the European countries with the biggest heat pump markets in 2020. Due to these differences between countries, there is little to no comparative information on this competitive market. In the United States alone, for example, a certain level of fragmentation can be observed, as the number of employees in the plumbing and HVAC industry varied widely from state to state.