Market Forecast By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape
Product Code: ETC090068 | Publication Date: Dec 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
United Kingdom Air Conditioner Market report thoroughly covers the market by type and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The United Kingdom has seen a significant increase in the demand for air conditioners in recent years. With the rise of global warming, consumers are looking for ways to keep their homes cool. Additionally, the growth is followed by the increased demand for energy-efficient AC units, the need to replace outdated units, and the rise in disposable income across the country.
According to 6Wresearch, the United Kingdom Air Conditioner Market size is expected to grow at a CAGR of 7.9% during the forecast period 2024-2030. The high temperatures during the summers with heatwaves becoming more frequent in the country, demand for AC units is on the rise. Moreover, the UK government's initiative to phase out ozone-depleting substances has led to an increase in the demand for eco-friendly AC units. On the other hand, some challenges exist in the United Kingdom Air Conditioner industry that can hamper its growth.
One of the key challenges facing the UK AC market is the relatively high cost of installation and maintenance of AC units. This cost can be attributed to the scarcity of qualified technicians and high import duties on AC units. Additionally, the UK is experiencing a shortage of refrigerants, which are essential components of ACs. However, Recent trends in the UK AC market include the development of smart AC units that can be controlled through mobile devices and the adoption of energy-efficient AC units. Moreover, manufacturers are shifting towards using more eco-friendly refrigerants in their AC units in response to the UK government's efforts to mitigate climate change.
United Kingdom Air Conditioner Market share is estimated to increase with the introduction of favourable initiatives. These initiatives are encouraging the adoption of eco-friendly AC units, such as the Green Homes Grant. This initiative provides homeowners with vouchers to install energy-efficient AC units, insulation, and other energy-saving measures in their homes.
The UK AC market is dominated by key players such as Daikin Industries Ltd., Mitsubishi Electric Corporation, LG Electronics Inc., Fujitsu Ltd., and Samsung Electronics Co. Ltd. These companies account for a significant share of the market, and their continued investment in research and development is driving innovation in the industry.
According to Nitesh, Research Head, 6Wresearch, the ductless air conditioners are growing in the UK market. due to their flexibility and cost-effectiveness make them the perfect option for UK households and businesses.
Based on the application, the residential segment is leading the market, primarily because of increased renovation projects and construction of new homes.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 United Kingdom Air Conditioner Market Overview |
3.1 United Kingdom Air Conditioner Market Revenues & Volume, 2020 - 2030F |
3.2 United Kingdom Air Conditioner Market - Industry Life Cycle |
3.3 United Kingdom Air Conditioner Market - Porter's Five Forces |
3.4 United Kingdom Air Conditioner Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.5 United Kingdom Air Conditioner Market Revenues & Volume Share, By Application, 2020 & 2030F |
4 United Kingdom Air Conditioner Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Kingdom Air Conditioner Market Trends |
6 United Kingdom Air Conditioner Market Segmentation |
6.1 United Kingdom Air Conditioner Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom Air Conditioner Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 United Kingdom Air Conditioner Market Revenues & Volume, By Room Air Conditioner, 2020 - 2030F |
6.1.4 United Kingdom Air Conditioner Market Revenues & Volume, By Ducted Air Conditioner, 2020 - 2030F |
6.1.5 United Kingdom Air Conditioner Market Revenues & Volume, By Ductless Air Conditioner, 2020 - 2030F |
6.1.6 United Kingdom Air Conditioner Market Revenues & Volume, By Centralized Air Conditioner, 2020 - 2030F |
6.2 United Kingdom Air Conditioner Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom Air Conditioner Market Revenues & Volume, By Residential, 2020 - 2030F |
6.2.3 United Kingdom Air Conditioner Market Revenues & Volume, By Healthcare, 2020 - 2030F |
6.2.4 United Kingdom Air Conditioner Market Revenues & Volume, By Commercial & Retail, 2020 - 2030F |
6.2.5 United Kingdom Air Conditioner Market Revenues & Volume, By Transportation & Infrastructure, 2020 - 2030F |
6.2.6 United Kingdom Air Conditioner Market Revenues & Volume, By Hospitality, 2020 - 2030F |
6.2.7 United Kingdom Air Conditioner Market Revenues & Volume, By Others, 2020 - 2030F |
7 United Kingdom Air Conditioner Market Import-Export Trade Statistics |
7.1 United Kingdom Air Conditioner Market Export to Major Countries |
7.2 United Kingdom Air Conditioner Market Imports from Major Countries |
8 United Kingdom Air Conditioner Market Key Performance Indicators |
9 United Kingdom Air Conditioner Market - Opportunity Assessment |
9.1 United Kingdom Air Conditioner Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 United Kingdom Air Conditioner Market Opportunity Assessment, By Application, 2020 & 2030F |
10 United Kingdom Air Conditioner Market - Competitive Landscape |
10.1 United Kingdom Air Conditioner Market Revenue Share, By Companies, 2023 |
10.2 United Kingdom Air Conditioner Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Market Forecast By Type (Room Air Conditioner, Ducted Air Conditioner, Ductless Air Conditioner, Centralized Air Conditioner), By Application (Residential, Healthcare, Commercial & Retail, Transportation & Infrastructure, Hospitality, Others) And Competitive Landscape
Product Code: ETC090068 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
United Kingdom (UK) Air Conditioner (AC) Market is projected to grow over the coming years. United Kingdom (UK) Air Conditioner (AC) Market report is a part of our periodical regional publication Europe Air Conditioner (AC) Market outlook report. 6W tracks air conditioner market for over 60 countries with individual country-wise market opportunity assessment and publishes with the report titled Global Air Conditioner (AC) Market outlook report annually.
United Kingdom (UK) Air conditioner (AC) Market report comprehensively covers the market type and application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
United Kingdom (UK) Air Conditioner (AC) Market Synopsis
United Kingdom Air Conditioner Market is anticipated to generate sound revenues on account of rising stability of income especially among middle class. The increasing per capita income of European people beholds the increasing growth of the market. The market is also driven by increasing urbanization, construction activities and infrastructure development. Moreover, soaring temperature and unfavorable weather conditions are likely to further trigger the potential growth of the market. Adoption of Air conditioner as a level of comfort backed by rising standard of living beholds the growth of the market.
According to 6Wresearch, United Kingdom Air Conditioner (AC) Market size is projected to grow at a CAGR of 4.5% during 2021-2027. United Kingdom occupies 5th position in terms of the market size in the Europe Air Conditioner Market. Increasing development of infrastructure backed by establishment of offices, private complex and shopping malls is driving the increasing growth of the market. Rising level of humidity also adds to the growth of the market. However, the outbreak of COVID-19 has impacted the growth of the market owing to the lack of funds. Nationwide lockdown acted as a hindrance in the growth of the market backed by shutting down of manufacturing units and retail stores.
Market Analysis by Type
In terms of market by types, Room Air Conditioner dominates the market and is expected to remain in a dominant position in the coming years. However, Centralized Air Conditioner is expected to have the fastest growth rate among all types.
Market Analysis by Application
In terms of application, Residential dominates the market and is expected to remain in a dominant position in the coming years. However, Commercial & Retail is expected to have the fastest growth rate among all applications.
Key Attractiveness of the Report
Key Highlights of the Report:
Market Segmentation:
The report provides a detailed analysis of the following market segments: