According to the Domestic Central Heating Market Report: 2014-2018 Analysis, the UK domestic central heating market is substantial, with an estimated total value of around £1.1bn in 2014.
Published by AMA Research, the report found this market has benefited from more stringent energy-efficiency legislation and a drive toward sustainability.
It showed that between 2009 and 2012, the domestic central heating market was comparatively volatile, in line with the uncertain economic situation.
Since January 2013, however, it has seen a notable increase with demand picking up as the economy improves. This growth can be partly attributed to the introduction of government initiatives such as the ECO scheme and the Green Deal in 2013, as well as the further tightening of energy-efficiency legislation in all sectors of this market.
The boiler sub-sector appears to dominate sales, followed by radiators, heating controls and circulator pumps.
A major area of future support is expected to come from the domestic refurbishment sector, it found.
With new legislative measures, it said householders were more aware of energy efficiency and the environmental impact of domestic central heating products.
The future performance of the domestic heating market is likely to be influenced by overall trends in house building, home improvement, fuel prices, legislation, renewable technologies and technological developments, as well as niche market drivers such as the self-build and conservatory markets.
The report also found that increasing legislation represented a major influence for the sector’s long-term development.
In addition to the demands of the European Energy-related Products Directive, all radiators sold in the UK since July 2013 have had to conform and have their outputs verified to British Standard BS-EN442.
Higher levels of efficiency were also likely to be driven by the 2014 revisions to Part L of the Building Regulations.
AMA research director Keith Taylor said: “The outlook for the UK domestic central heating market in Q4 2014 remains positive, with the continuing recovery in the economy and the related upturn in house building and consumer confidence. However, with the election in mid-2015, uncertainties exist regarding government policy after this time.
“By 2018 it is estimated that the UK domestic central heating market will be worth some £1.3bn, representing an increase of around 18% when compared with the estimated market size in 2014.“
Currently around 92% of UK homes have central heating installed.