The forecasted production of installation for non-domestic cooling and ventilation equipment in the UK is projected to grow from 563.29 million Euros in 2024 to 592.0 million Euros in 2028. This indicates a steady increase over the five-year period. There is an annual increase of approximately 1.3% from 2024 to 2025, 1.27% from 2025 to 2026, followed by 1.23% from 2026 to 2027, and finally, a 1.19% rise from 2027 to 2028. The compound annual growth rate (CAGR) over these five years is expected to be around 1.27%.
Key future trends to watch for:
- The impact of emerging technologies such as smart HVAC systems on production and installation demand.
- Regulatory changes focusing on energy efficiency might spur an increase in replacement and upgrade activities.
- Market responses to potential shifts in economic conditions and construction activities in the UK.