The forecast for the UK's production of refrigeration and freezing equipment and heat pumps (excluding household types) shows a declining trend. From 2024 to 2028, output is expected to drop from 165.92 to 99.67 thousand items. The year-on-year decrease rates are 10.29% for 2025, 11.25% for 2026, 12.42% for 2027, and 13.88% for 2028. The five-year CAGR indicates an average annual decline of approximately 12.1%.
Future trends to watch include the impact of technological advancements in cooling technology, shifts in energy policy favoring sustainable solutions, and potential market demand changes due to climate initiatives. Monitoring these elements will be vital for adapting to market needs and regulatory requirements.
