The UK Non-Domestic Cooling and Ventilation Equipment Manufacturing Market grew to 42.2 million in 2023. From 2013 to 2016, the market consistently contracted, but saw recovery starting in 2017. Notably, a significant downturn occurred in 2020 due to the pandemic. Despite a recovery with strong growth in 2021, the subsequent years showed modest growth. Over the last five years, the market achieved an average annual growth of 0.22%.
Future trends to watch for include:
- Adoption of sustainable and energy-efficient technologies.
- Impact of government regulations on green building requirements.
- Market disruptions due to emerging competitors and innovations.
