Space Heating Market Report - UK Analysis

Transcription

1 Space Heating Market Report - UK Analysis Published: 15/12/2016 / Number of Pages: 74 / Price: Introduction and Overview The 4th edition of the 'Space Heating Market Report - UK Analysis'addresses the space heating market for both the residential and non-residential sectors covering aspects such as market size, forecasts, key trends and influencing factors, products and product mix, key suppliers and distribution channels. The report reviews developments within the industry, with emphasis on both qualitative and quantitative market assessment - essential requirements to good marketing planning. Key areas covered: Domestic Space Heating - fuel effect fires, installed electric heating, portables, radiant fires and stoves. Non-Domestic Space Heating - commercial and industrial boilers, commercial radiators, heat emitters, warm air heaters, radiant heaters, commercial heating controls. Market sizes and forecasts - through to Product mix by sector. Supply and distribution review - leading manufacturers, key distribution channels by sector. Key trends and market influences - legislative changes, product trends, housing and economic factors. Specific areas of insight include: Considerable replacement opportunities exist in commercial buildings; there are still large numbers of inefficient space heating products and systems in use. With around 11 million UK homes with both a chimney and gas supply, the replacement market for gas fires and stoves remains significant. Shift in demand for more aspirational domestic space heating products with innovative features and functionality, supporting value growth and retailer margins. Impact of volatile fuel prices with consumers and businesses looking for alternative methods of space heating. Widespread roll out of smart metering in homes and businesses, with the increased focus on energy efficient space heating products.

2 Increasing use of Internet of Things (IoT) smart heating controls in commercial buildings, used to manage energy efficiency and support preventative maintenance measures. Emergence of smart installed electric heating systems in domestic homes. Growing importance of renewables, with many new commercial projects specifying systems that use energy from renewable sources. Detailed market data and insight on the space heating market by AMA Research, a leading UK provider of construction market intelligence. Some of the companies included: ACR Heat Products, AJ Wells and Sons, Ambi-Rad Group, Arada, Babcock Wanson UK, Baxi/BDR Thermea, Be Modern, Benson, BFM Europe, Biddle Air Systems, Bosch Commercial and Industrial Heating, Burley Appliances, Charlton & Jenrick, Cochran, Combat Hvac, Consort Equipment Products, Crosslee, Danfoss, Delonghi, Dimplex, Dunham Bush, Electrorad, Euroheat Distributors (HBS), Faber, Focal Point Fires, GDC Group, Hamworthy Heating, Heat Electric, Honeywell Control Systems, Horstmann Controls, Hyco Manufacturing, Ideal Stelrad Group, Johnson Controls, Johnson & Starley, Myson Radiators, Nortek Global Hevac, Pegler Yorkshire, Potterton Commercial, Powrmatic, Prem-i-air Appliances, Quinn Radiators, Remeha, Rettig Group, Robinson Willey, Schneider Electric, Siemens Plc, Stiebel Eltron, Stovax Group, Sunvic Controls, TFC Group, Thermoscreens, Timeguard, Valor, Vent-Axia, Zehnder. Key areas covered in the report include: SPACE HEATING - DOMESTIC SECTOR Overall market size, trends and forecasts - legislative changes, impact of UFH, insulation measures etc. Ownership levels, source of fuel. Forecasts through to Product mix of fuel effect fires, installed electric heating, solid fuel, radiant fires, portables etc. Installed electric heating - smart electric heating storage heaters, electric radiators, towel warmers, fixed panel heaters, tubular heaters. Market size trends, imports & exports, future prospects, designs, features etc. Fuel effect fires - gas-fired and electric. Market size, share etc. Product innovation, designs etc. Portables - fan heaters, convector heaters, portable panel heaters, LPG heaters, oil filled radiators etc. Solid fuel stoves - market size, growth in sales, product trends, and impact of self-build etc. Radiant fires - gas-fired and electric. Market size, trends etc. Major manufacturers - Market share in 2015, factors influencing market position, characteristics, turnover etc. Review of distribution by product group - key channels in 2015 and developments. Future prospects in all product sectors. SPACE HEATING NON-DOMESTIC SECTOR Overall market size, trends and forecasts. Legislative changes - ErP, MCPD etc. Government initiatives - ECA, CRC, ESOS, RHI etc. Impact of IoT. Forecasts through to Commercial boilers > 44kW - market size, future prospects etc. Product trends, features, shift to condensing, off-site

3 constructed plant etc. Commercial radiators - market size, forecasts, product trends etc. Heat emitters - air curtains, fan convectors, fan coil units, perimeter/trench heaters, unit heaters, radiant panel heaters etc. Overall market size, trends and future prospects. Warm air heaters - indirect-fired warm air heaters, direct gas-fired warm air systems, portable electric warm air heaters etc. Overall market size, trends and future prospects. Radiant heaters - gas or oil-fired tube heaters, gas plaque and electric radiant heaters etc. Overall market size, trends, forecasts etc. Non-domestic heating controls - market size, trends including smart controls and future prospects etc. Leading manufacturers - market shares in 2015, characteristics, turnover etc. Review of distribution by product group - key channels, shares for 2015 and developments. HOUSING AND ECONOMIC FACTORS Influence of economic and demographic factors such as inflation rates, GDP, UK economy, population profile, household consumption, Sterling, unemployment levels etc. Influence of a number of key factors including the housing sector, both new build and RMI, public and private, house moving and house building, also non-domestic construction trends, by sector and for both new build and RMI. Influence of self-build trends, also underfloor heating, conservatories, park homes, leisure homes etc. Report Summary The total market for space heating products is substantial, and with climate change and growing concerns regarding energy efficiency and the environment, space heating products will increasingly be designed to deliver improved thermal performance and achieve lower running costs. In 2011 and 2012, the weak UK economy and construction sector impacted negatively on both domestic and non-domestic space heating opportunities. However, in 2013 the market saw signs of stabilisation, with the recovery in the UK economy stimulating new build activity, in addition to improving consumer and business confidence levels. In the domestic space heating sector, there has been a shift in demand for more aspirational products, which has supported value growth and retailer margins. However, winter temperatures have remained relatively mild in the last 2-3 years, which has impacted on demand to some extent. The non-domestic space heating sector saw steady improvement in the period , with the private sector experiencing higher levels of business investment, particularly in the industrial, offices, retail and leisure sectors. Other positive influences on the space heating market include the growing concerns about energy efficiency and the environment. The UK Government has introduced a significant amount of environmental legislation in recent years, placing a greater emphasis on carbon emissions and fuel efficiency. Although the market situation in 2016 is more subdued, the current forecast for the UK space heating market remains moderately positive. Key drivers include new housing and replacement purchases, although the outlook for the non-domestic market is very much dependent on the path taken to exit the EU and the type of trade and legislative deals formulated. List of Report Contents Contents Listing

4 1. INTRODUCTION BACKGROUND SOURCES OF INFORMATION 7 2. SUMMARY AND FUTURE PROSPECTS SUMMARY KEY TRENDS FUTURE PROSPECTS ECONOMIC, HOUSING & CONSTRUCTION INFLUENCES GDP INFLATION & INTEREST RATES UNEMPLOYMENT HOUSEHOLD CONSUMPTION HOUSING & CONSTRUCTION STERLING POPULATION PROFILE CONSTRUCTION AND HOUSING Non-domestic Construction House Building Completions Mix of Housebuilding Completions House Moving Levels Self Build Conservatories / Glazed Extensions Park Homes and Leisure Homes CONCLUSIONS SPACE HEATING - DOMESTIC MARKET OVERVIEW 26

5 4.1.1 Definition Market Size by Value Household Penetration Source of Fuel (Electricity, Gas, Solid Fuel) KEY MARKET INFLUENCES Domestic Central Heating Market Underfloor Heating Market Insulation Measures (Cavity Wall, Loft, Double Glazing) Environmental Legislation (Housing Standards, ECO, ErP, Smart Meters) PRODUCT TRENDS Product Mix Installed Electric Heating (Smart, Storage, Panel, Radiators, Towel Warmers) Fuel Effect Fires (Gas-Fired, Electric) Portable Space Heating (E.g. Fan Heaters, Portable Panel, Convectors etc.) Radiant Fires (Gas-Fired, Electric) Solid Fuel Stoves and Fires (Wood Burners, Multi-Fuel) SUPPLIERS Market Shares Key Company Profiles Other Suppliers DISTRIBUTION SPACE HEATING - NON-DOMESTIC MARKET OVERVIEW Definition Market Size by Value KEY MARKET INFLUENCES 52

6 5.2.1 Energy Efficiency Schemes (ECA, CRC, ESOS, RHI) Environmental Legislation (ErP, MCPD) The Internet of Things PRODUCT TRENDS Product Mix (Commercial Heating Systems, Heating Controls) Commercial Heating Systems (Boilers, Radiators, Heat Emitters) Stand-alone Heaters (Warm Air Heaters, Radiant Heaters) Heating Controls SUPPLIERS AND MARKET SHARES Commercial Heating Systems (Boilers, Radiators, Heat Emitters) Stand-alone Heaters (Warm Air Heaters, Radiant Heaters) Heating Controls DISTRIBUTION (COMMERCIAL HEATING SYSTEMS, STAND-ALONE HEATERS) 73 Tables & Charts UK SPACE HEATING MARKET BY VALUE ( M MSP) TABLE 2 GDP DATA KEY CONSTITUENT ELEMENTS 14 CHART 3 INTEREST RATES AND INFLATION (CPI) FROM CHART 4 PDI & SAVINGS RATIO AT CURRENT PRICES TABLE 5 EXCHANGE RATE FLUCTUATIONS STERLING TO THE DOLLAR, AND THE EURO, SPOT RATES 18 CHART 6 GB NON-RESIDENTIAL CONSTRUCTION OUTPUT NEW WORK AND RMI 2011 TO BY VALUE ( BILLION AT CURRENT PRICES) 19 CHART 7 GB NON-RESIDENTIAL CONSTRUCTION OUTPUT ANALYSIS BY SECTOR 2015 AND H % BY VALUE 20 TABLE 8 HOUSE BUILDING STARTS AND COMPLETIONS (UK) 2011 TO BY VOLUME ('000 DWELLINGS) 21 CHART 9 HOUSEBUILDING COMPLETIONS (ENGLAND) % MIX BY TYPE OF DWELLING 22 TABLE 10 RESIDENTIAL PROPERTY TRANSACTIONS IN THE UK (000S)

7 TABLE 11 UK CONSERVATORY/GLAZED EXTENSION MARKET BY VALUE ( M RSP) TABLE 12 UK DOMESTIC SPACE HEATING MARKET ( M MSP) CHART 13 NUMBER OF HOUSEHOLDS WITH SPACE HEATING AS MAIN HEATING SYSTEM IN ENGLAND CHART 14 MARKET MIX BY SOURCE OF FUEL (ELECTRICITY, GAS, SOLID FUEL) BY VALUE CHART 15 PERCENTAGE OF UK HOUSEHOLDS WITH CENTRAL HEATING TABLE 16 UK UNDERFLOOR HEATING MARKET BY VALUE ( M MSP) CHART 17 PERCENTAGE OF UK HOUSEHOLDS WITH INSULATION MEASURES , 2006 AND CHART 18 MARKET MIX BY PRODUCT TYPE (FUEL EFFECT FIRES, STOVES, INSTALLED ELECTRIC HEATING, RADIANT FIRES, PORTABLES) BY VALUE CHART 19 FUEL EFFECT FIRES MARKET MIX (GAS, ELECTRIC) BY VOLUME 2001 AND TABLE 20 FEATURES AND BENEFITS OF ELECTRIC FUEL EFFECT FIRES 39 TABLE 21 FEATURES AND BENEFITS OF GAS FUEL-EFFECT FIRES 40 CHART 22 PORTABLES MARKET MIX BY PRODUCT TYPE (FAN HEATERS, PORTABLE PANEL, CONVECTOR, LPG, OTHER) BY VOLUME TABLE 23 DOMESTIC SPACE HEATING SUPPLIERS % MARKET SHARES BY VALUE CHART 24 MARKET DISTRIBUTION BY CHANNEL (RETAIL SECTOR, TRADE DISTRIBUTION, OTHER) BY VALUE TABLE 25 UK NON-DOMESTIC SPACE HEATING MARKET ( M MSP) CHART 26 MARKET MIX BY PRODUCT TYPE TABLE 27 UK COMMERCIAL AND INDUSTRIAL BOILER MARKET ( M MSP) TABLE 28 UK COMMERCIAL RADIATOR MARKET ( M MSP) TABLE 29 UK COMMERCIAL HEAT EMITTER MARKET ( M MSP) TABLE 30 UK STAND-ALONE HEATER MARKET ( M MSP) TABLE 31 UK COMMERCIAL HEATING CONTROLS MARKET ( M MSP) TABLE 32 COMMERCIAL AND INDUSTRIAL BOILER SUPPLIERS % MARKET SHARES BY VALUE TABLE 33 COMMERCIAL RADIATOR SUPPLIERS % MARKET SHARES BY VALUE TABLE 34 HEAT EMITTER SUPPLIERS % MARKET SHARES BY VALUE TABLE 35 WARM AIR HEATER SUPPLIERS % MARKET SHARES BY VALUE

8 TABLE 36 RADIANT HEATER SUPPLIERS % MARKET SHARES BY VALUE CHART 37 MARKET DISTRIBUTION BY CHANNEL (DIRECT, DISTRIBUTOR) BY VALUE TABLE 38 MARKET DISTRIBUTION BY APPLICATION TYPE (INDUSTRIAL, COMMERCIAL, PUBLIC) BY VALUE The 'Space Heating Market Report - UK Analysis'costs 845+VAT (if applicable) for a PDF version. Other formats are available - click here for a information about available report formats. All AMA reports are sold with a single user licence as standard. For more information about AMA licences click here. About AMA Research Established in 1989, AMA Research is widely recognised as the leading specialist provider of market research to the UK building and construction industries. AMA s research and analysis goes beyond the more commonly available range of statistical and company information to provide expert, informed commentary and in-depth market analysis, making the reports a valuable and relevant resource for understanding the UK s construction and associated markets. We offer the following: Consultancy and bespoke research projects Published research reports high quality, detailed research reviews covering a wide range of environmental, building and construction products. Our extensive experience and in-house research database enables us to offer specialised and flexible bespoke research services, as well as giving excellent value for money. Our experienced in-house team of researchers are experts in their fields and adept in conducting original and relevant research for reports or bespoke projects, and key decision makers across the building and construction industries, both in the UK and abroad, frequently use our high-quality reports as their primary source of market data. To find out more about AMA Research, visit: or call us on