Executive Summary
The value of the heating and air conditioning market amounted to £1.42bn in 1997, and is expected to grow by 5.4% in 1998. Heating products have made modest improvements. However, the air-conditioning market has continued to grow at an encouraging rate and reflects a demand, particularly in smaller retail and office premises, for higher levels of comfort. Sales for ventilation and air distribution equipment were estimated to be £320m in 1997.
Sectors which make up the market are: heating equipment, i.e. domestic, commercial and industrial heating, covering radiators, boilers, fan or unit heaters, pumps and valves; air-conditioning equipment in the form of standard packages or designed central plant systems; and ventilation and air distribution equipment such as powered extractors, filters, fans and domestic cooker hoods.
The market is closely linked to the construction industry, which has made a steady recovery since bottoming out of the recession in 1993. New building and repair work is providing a positive impetus for improved sales of equipment for these sectors.
Key influences on the market include increased expectations of a high degree of comfort, ensuring controlled temperatures and airflows in both the working and domestic environment, as well as the emphasis placed on energy savings and emissions which has spawned the development of enhanced products.
Continued consumer confidence and buoyancy of personal sector demand provide a degree of optimism for the future. Opportunities up to the year 2000 and beyond are forecast for commercial construction, particularly within the health and leisure subsectors. Public housing construction activity is expected to increase along with repair and maintenance within public housing.
Eighth Edition 1998
Edited by Phillippa Smith
ISBN 1-85765-868-X
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