The forecast for the UK’s sold production of boilers for central heating, excluding those of HS 8402, projects a steady growth from 2024 to 2028. The sold production value in 2023 was estimated at 1.478 billion Euros. Compared to 2023, 2024 forecast suggests a 3.1% increase, with subsequent yearly increases of approximately 3.2% in 2025, 3.1% in 2026, 2.9% in 2027, and 2.8% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 stands at 3.0%.
Future trends to watch:
- Potential impacts of regulatory changes concerning energy efficiency and emissions.
- The development and integration of sustainable and alternative heating solutions.
- Market responses to shifts in consumer preference towards environmentally friendly technologies.
