Domestic Central Heating Market Research & Analysis UK 2016 Report Sample Domestic Central Heating Market Size & Trends 2010-2020; SWOT & PEST Analysis, Product Mix 2010-2020; End Use Mix 2010-2020; Market Leaders Profiles & Key Financials; Market Forecasts to 2020 1 st Edition March 2016
Research & Analysis Report Contents 1. INTRODUCTION TO RESEARCH & ANALYSIS REPORTS 7 1.1 Features & Benefits Of This Report 7 1.2 Methodology & Sources Of Information 8 2. UK DOMESTIC CENTRAL HEATING MARKET 9 2.1 Domestic Central Heating Market Definition 9 2.2 Central Heating Market By Volume 2010-2020 10 2.3 Central Heating Products Market By Value 2010-2020 11 2.4 Central Heating Installations By Fuel Type 2010-2020 11 2.4.1 Total Central Heating Installations By Volume 2010-2020 11 2.4.2 Gas Central Heating Installations Volume 2010-2020 13 2.4.3 Solid Fuel Central Heating Market Volume 2010-2020 14 2.4.4 Oil Fired Central Heating Market Volume 2010-2020 15 2.4.5 Electric Central Heating Installations Volume 2010-2020 16 2.4.6 Other Fuels Central Heating Market Volume 2010-2020 17 2.5 Central Heating Penetration In UK Homes 2016-2020 18 2.5.1 Complete Central Heating Systems Market Penetration 2010-2020 19 2.5.2 Partial Central Heating Systems Market Penetration 2010-2020 19 2.5.3 Gas Central Heating Market Penetration 2010-2020 20 2.5.4 Electric Central Heating Market Penetration 2010-2020 21 2.5.5 Solid Fuel Central Heating Market Penetration 2010-2020 22 2.5.6 Oil Fired Central Heating Market Penetration 2010-2020 23 2.5.7 Other Fuels Central Heating Market Penetration 2010-2020 24 2.6 Central Heating Installations By End Use Sector 25 2.6.1 Central Heating Installations In Owner Occupier Market 25 2.6.2 Central Heating Installations In Private Rented Market 26 2.6.3 Central Heating Installations In Social & Affordable Housing Market 2010-2020 28 2.6.4 Central Heating Installations 1st Time Installations Volume 2010-2020 29 2.6.5 Central Heating Installations Replacement Installations Volume 2010-2020 30 2.6.6 Central Heating Installations New Build Installations Volume 2010-2020 31 2.7 Key Market Trends & Influences On Domestic Central Heating Market 33 2.7.1 Pest Analysis Political, Legal, Social & Technology Influences 33 2.7.2 Political & Legal Influences On Central Heating 34 2.7.3 Macro Economic Influences & Trends 2010-2020 35 2.7.4 UK Housebuilding Market Value & Volume 2010-2020 40 Private Sector Housebuilding Market Volume 2010-2020 44 Housing Association Housebuilding Market Volume 2010-2020 46 Local Authority Housebuilding Market Volume 2010-2020 47 2.7.5 Self Build Housebuilding Market Volume 2010-2020 48 2.7.6 Internet Of Things (IoT) In Central Heating Systems 50 2.7.7 Global Internet Of Things (IoT) Market Size By Volume 2010-2020 50 2.7.8 UK Internet Of Things Market (IoT) By Volume 2010-2020 51 2.7.9 UK Domestic Internet Of Things Market (DIoT) Volume 2010-2020 53 2.7.10 Energy Related Products (ErP) Directive Impact On Central Heating 54 2.7.11 Renewable Heat Incentive (RHI) 55 2.7.12 ECO & Green Deal 57 2.8 SWOT Analysis For 2016 Domestic Central Heating Market 60 2.8.1 Strengths Of The Domestic Central Heating Market 2016 60 2.8.2 Weaknesses Of Domestic Central Heating Market 2016 61 2.8.3 Opportunities In Domestic Central Heating Market 2016-2020 62 2.8.4 Threats In Domestic Central Heating Market 2016 62 2.9 Future Prospects For Domestic Central Heating Market 64 2.9.1 Ansoff Matrix Future Growth Forecasts 64 2.9.2 Future Growth Opportunities & Quick Wins For Domestic Heating Sales 65 3. DOMESTIC CENTRAL HEATING BOILERS MARKET 67 3.1 Central Heating Boilers Market By Volume 2010-2020 67 3.2 Central Heating Boilers Market By Value 2010-2020 68 3.3 Central Heating Boilers Market Share By Fuel Type 2016 72 3.4 Central Heating Boilers Market By Type 2010-2020 73 3.4.1 Share By Type Of Boilers 2016 73 3.4.2 Wall Hung Boilers Market By Volume 2010-2020 74 3.4.3 Floor Standing Boilers Market By Volume 2010-2020 75 3.4.4 Inset / Back Market By Volume 2010-2020 76 4. HEAT PUMPS MARKET VOLUME & VALUE 2016-2020 78 4.1 Heat Pumps Market By Volume 2010-2020 78
4.2 Heat Pumps Market By Value 2010-2020 79 4.2.1 Air Source Heat Pumps Market By Volume 2016-2020 79 4.2.2 Air Source Heat Pumps Market By Value 2016-2020 81 4.2.3 Ground Source Heat Pumps Market By Volume 2016-2020 82 4.2.4 Ground Source Heat Pumps Market By Value 2016-2020 84 5. RADIATORS MARKET 2016-2020 86 5.1 Radiators Market By Volume 2010-2020 86 5.2 Radiators Market By Value 2010-2020 87 5.3 Central Heating Radiators Market Share By Type 2016 90 5.3.1 Standard Radiators Market By Value 2010-2020 90 5.3.2 Decorative Radiators Market By Value 2010-2020 91 5.3.3 Towel Warmers Market By Value 2010-2020 92 5.4 Radiators Market By Application 2010-2020 93 5.4.1 New Build Radiators Market Volume 2010-2020 93 5.4.2 First Time Installation Radiators Market By Volume 2010-2020 94 5.4.3 Replacement Radiators Market By Volume 2010-2020 95 5.5 Radiators Market Share By Material Type 2016 96 6. CENTRAL HEATING PUMPS MARKET 97 6.1 Circulating Pumps Market By Volume 2010-2020 97 6.2 Circulating Pumps Market By Value 2010-2020 98 6.3 Circulating Pumps Market Share By Installation Type 2016 99 5.3.1 New Build Circulating Pumps Market By Value 2010-2020 99 5.3.2 First Time Installation Circulating Pumps Market By Volume 2010-2020 100 5.3.3 Replacement Circulating Pumps Market By Volume 2010-2020 101 7. HEATING CONTROLS MARKET 103 7.1 Heating Controls Market By Volume 2010-2020 103 7.2 Central Heating Controls Market By Value 2010-2020 105 7.3 Central Heating Controls Market Share By Type 107 7.3.1 Thermostats Market By Volume 2016-2020 107 7.3.2 Smart Heating Controls & Programmers Market By Value 2010-2020 108 7.3.3 Thermostatic Radiator Valves (TRVs) Market By Value 2010-2020 109 7.3.4 Motorised Valves Market By Value 2010-2020 110 8. HEATING MANUFACTURERS PROFILES & 3 YEAR FINANCIALS 113 45+ Heating Product Manufacturers - 1 Page Company Overview & At A Glance 113 9. CENTRAL HEATING DISTRIBUTION 2016 162 9.1 Boilers Distribution Channel Shares 2010, 2016 & 2020 162 9.1.1 Distribution Channel Shares For Boilers 2010, 2016 & 2020 162 9.2 Heat Pumps Distribution Channel Shares 2010-2020 162 9.2.1 Distribution Channel Shares For Heat Pumps 2010, 2016 & 2020 162 9.3 Radiators Distribution Channel Shares 2010-2020 163 9.3.1 Distribution Channel Shares For Radiators 2010, 2016 & 2020 163 9.4 Central Heating Pumps Distribution Channel Shares 2020 164 9.4.1 Distribution Channel Shares For Circulators 2010, 2016 & 2020 164 9.5 Central Heating Controls Distribution Channel Shares 2020 165 9.5.1 Distribution Channel Mix For Heating Controls 2010, 2016 & 2020 165 9.6 Builders Merchants Profiles, Financials & Sales Leads 167 100+ Builders Merchants 1 Page Company Overview & At A Glance 167 9.7 Builders Merchants Market Industry Structure 281 9.7.1 Market Mix By Growth/Decline Over Last 12 Months 281 9.7.2 Industry Share By Credit Rating In 2016 281 9.7.3 Industry Mix By Age Of Companies In 2016 282 9.7.4 Industry Share By Number Of Employees In 2016 283 9.7.5 Industry Mix By Turnover Band In 2016 284 9.7.6 Industry Mix By Geographical Region In 2016 285 9.8 Builders Merchants Ranking & Turnover Estimates 287 9.8.1 Builders Merchants Merchants Listing 287 9.8.2 Builders Merchants Merchants Ranking By Turnover 289 9.8.3 Builders Merchants Turnover Estimates 2015 291 9.8.4 Builders Merchants Ranking By Profitability 294 9.8.5 Builders Merchants Ranking By Assets 295 9.8.6 Builders Merchants Ranking By Debt 296 9.8.7 Builders Merchants Ranking By Net Worth 297
Market Report Tables & Charts Figure 1: UK Domestic Central Heating Market Sales by Volume 2010-2020... 10 Figure 2: UK Domestic Central Heating Market Sales by Value 2010-2020... 11 Figure 3: Central Heating Installations by Volume 2010-2020... 12 Figure 4: Gas Central Heating Installations by Volume 2010-2020... 13 Figure 5: Solid Fuel Central Heating Installations by Volume 2010-2020... 14 Figure 6: Oil Fired Central Heating Installations by Volume 2010-2020... 15 Figure 7: Electric Central Heating Installations by Volume 2010-2020... 16 Figure 8: Other Fuel Central Heating Installations by Volume 2010-2020... 17 Figure 9: Domestic UK Central Heating Penetration by Volume 2010-2020... 18 Figure 10: Complete Central Heating Installations Penetration 2010-2020... 19 Figure 11: Partial Central Heating Installations Penetration 2010-2020... 20 Figure 12: Gas Central Heating Penetration by Volume 2010-2020... 21 Figure 13: Electric Central Heating Penetration by Volume 2010-2020... 22 Figure 14: Solid Fuel Central Heating Penetration by Volume 2010-2020... 23 Figure 15: Oil Central Heating Penetration by Volume 2010-2020... 24 Figure 16: Other Fuels Central Heating Penetration by Volume 2010-2020... 25 Figure 17: Owner Occupier Central Heating Installations 2010-2020... 26 Figure 18: Private Rented Central Heating Installations 2010-2020... 27 Figure 19: Social & Affordable Housing Central Heating Installations 2010-2020... 28 Figure 20: 1st Time Installations Central Heating Installations 2010-2020... 29 Figure 21: Replacement Central Heating Installations 2010-2020... 30 Figure 22: New Build Central Heating Installations 2010-2020... 31 Figure 23: PEST Analysis for UK Domestic Central Heating Market in 2016... 33 Figure 24: UK Economic Annual Performance GDP 2010-2020... 36 Figure 25: UK Economic Annual Performance Inflation (CPI) 2010-2020... 38 Figure 26: UK Economic Annual Performance Interest Rates (Bank of England) 2010-2020... 39 Figure 27: UK Unemployment Numbers 2010-2020... 40 Figure 28: Housebuilding Market UK 2010 2020 By Value m... 41 Figure 29: Total New Build Home Completions UK: 2010-2020... 42 Figure 30: UK New Home Build Activity Split by LA, HA & Private 2016... 44 Figure 31: UK Private Sector New Build Home Completion 2010-2020... 45 Figure 32: UK Housing Associations New Build Housing Completion 2010-2020... 46 Figure 33: Local Authority New Build Housing Completions UK 2010-2020... 47 Figure 34: Self Build Market Housing Completions UK 2010-2020... 49 Figure 35: Global Internet of Things Market Size by Volume 2010-2020... 51 Figure 36: Internet of Things (DIoT) Devices in Use by Volume UK 2010-2020... 52 Figure 37: Domestic Internet of Things (DIoT) Market Size by Volume 2010-2020... 53 Figure 38: Annual Average Cost to Operate Central Heating System 2016... 56 Figure 39: Average Cost to Install RHI Approved Heating System 2016... 56 Figure 40: Average Annual RHI Payment By Product Type 2016... 57 Figure 41: ECO Scheme Expenditure Share by Key Obligation... 59 Chart 42: Central Heating Market Growth Share by Ansoff Strategy 2016-2020... 64 Figure 43: Central Heating Boiler Market by Volume 2010-2020... 67 Figure 44: Central Heating Boiler Market by Value 2010-2020... 68 Figure 45: Share by Fuel Type in Boilers Market 2016... 72 Figure 46: Share by Wall / Floor / Back Boilers Market 2016... 73 Figure 47: Wall Hung Boiler Market by Volume 2010-2020... 75 Figure 48: Floor Standing Boiler Market by Volume 2010-2020... 76 Figure 49: Back Boiler Market by Volume 2010-2020... 77 Figure 50: Heat Pumps Market by Volume 2010-2020... 78 Figure 51: Heat Pumps Market by Value 2010-2020... 79 Figure 52: Air Source Heat Pumps Market by Volume 2010-2020... 80 Figure 53: Air Source Heat Pumps Market by Value 2010-2020... 81 Figure 54: Average Annual Saving Using Air Source Heat Pump 2016... 82 Figure 55: Ground Source Heat Pumps Market by Volume 2010-2020... 83 Figure 56: Ground Source Heat Pumps Market by Value 2010-2020... 84 Figure 57: Average Annual Saving Using Ground Source Heat Pump 2016... 85 Figure 58: Radiators Market by Volume 2010-2020... 86 Figure 59: Radiators Market by Value 2010-2020... 88 Figure 60: Standard Radiators Market by Value 2010-2020... 90
Figure 61: Decorative Radiators Market by Value 2010-2020... 91 Figure 62: Towel Warmer Market by Value 2010-2020... 92 Figure 63: New Build Radiators Market by Volume 2010-2020... 93 Figure 64: First Time Installations of Radiators by Volume 2010-2020... 94 Figure 65: Replacement Radiators Market by Volume 2010-2020... 95 Figure 66: Share by Material in Radiators Market 2016... 96 Figure 67: Circulating Pumps Market by Volume 2010-2020... 97 Figure 68: Central Heating Circulators Market by Value 2010-2020... 99 Figure 69: New Build Circulators Market by Volume 2010-2020...100 Figure 70: First Time Installations of Circulators by Volume 2010-2020...101 Figure 71: Replacement Circulators Market by Volume 2010-2020...102 Figure 72: Heating Controls Market by Volume 2010-2020...103 Figure 73: Central Heating Controls Market by Value 2010-2020...106 Figure 74: Thermostats Market by Volume 2010-2020...108 Figure 75: Programmers Market by Volume 2010-2020...109 Figure 76: TRVs Market by Volume 2010-2020...110 Figure 77: Motorised Valves Market by Volume 2010-2020...111 Figures 78-125: Heating Manufacturers 3 Year Financials At a Glance Charts... 113-161 Figure 126: Boiler Distribution Channel Shares 2016-2020...162 Figure 127: Heat Pump Distribution Channel Shares 2010-2020...163 Figure 128: Radiators Distribution Channel Shares 2010-2020...164 Figure 129: Circulators Distribution Channel Shares 2010-2020...165 Figure 130: Heating Controls Distribution Channel Mix 2010-2020...165 Figures 131-244: 100+ Builders Merchants 3 Year Financials At a Glance Charts... 167-280 Figure 244: Market Share by Builders Merchants Sales Growth / Decline 2016...281 Figure 245: Market Share by Credit Rating in the Builders Merchants Industry 2016...282 Figure 246: Market Share by Company Age in the Builders Merchants Market 2016...283 Figure 247: Mix by Number of Employees in the Builders Merchants Market 2016...284 Figure 248: Share by Turnover Band in the Builders Merchants Market 2016...285 Figure 249: Mix by Location Type in the Builders Merchants Market 2016...286 Figure 250: Builders Merchants Company Listing...287 Figure 251: Builders Merchants Merchants Ranked By Turnover 2015...289 Figure 252: Builders Merchants Sales Estimates 2015 M...291 Figure 253: Builders Merchants Ranked By Profit 2015...294 Figure 254: Builders Merchants Ranked By Assets 2015...295 Figure 255: Builders Merchants Ranked By Debt 2015...296 Figure 256: Builders Merchants Ranked By Net Worth 2015...297
Published in 2016 by
1. INTRODUCTION TO RESEARCH & ANALYSIS REPORTS 1.1 FEATURES & BENEFITS OF THIS REPORT MTW s Research & Analysis market reports provide an independent, comprehensive review of recent, current and future market size and trends in an easy to reference format. Each report provides vital market intelligence in terms of size, product mix, channel & end use mix, SWOT, key trends and influences and industry structure trends. In addition, rankings by turnover, profit and other key financials for the market leaders are provided as well as a 1 page profile for each key player in the market. Contact, telemarketing & mailing details are also provided for each company to enable the reader to quickly develop sales leads, with a multi-use database and additional financial data available as part of the Ultimate Pack option with this report. Based on company sales returns which provide higher confidence levels and researched by market research professionals with experience in the industry, MTW s Research and Analysis reports are used as a foundation for coherent strategic decision making based on sound market intelligence and for developing effective marketing plans. MTW reports can also used as an operational sales and marketing tool by identifying market leaders, enabling the reader to quickly grow sales to new clients and focus marketing budgets. This report includes:- Market Size, PEST, SWOT, Ansoff Matrix & Trends Historical, Current & Future Based on sales data from a representative proportion of the industry, this report provides market size by value over a ten-year period. As they are based on quantitative data as well as qualitative input from the industry, our reports are more accurate than other qualitative based reports and offer better value for money. By combining the best of both quantitative and qualitative input, we offer our clients greater confidence in our market forecasts as well as discussing key market trends and influences from a qualitative perspective. Product Mix Current & Future This report identifies the key product sectors in the market and provides historical, current and forecast market share estimates for each, alongside qualitative discussion on key trends for each segment of the industry. With input for this report being both qualitative and quantitative we are able to offer an effective insight into the core components of the market, as well as forecasting future market shares. End Use Sector Mix The report identifies the key channels that drive demand for this market and provide a current, historical & future market share estimate for each. This enables the reader to identify the key driving forces behind current market demand and adapt business tactics accordingly. With forecasts of market share by key channels also provided, the reader is able to undertake strategic decisions with greater confidence as well as basing marketing strategies on solid market intelligence. Market Leaders Ranking This report identifies the key players in the market and ranks them by a number of criteria, including turnover and profitability. This enables the reader to identify the most relevant potential key customers in a market, understand their current position in the market and quickly identify new targets. Also, MTW provide a turnover estimate for every company included in the report, enabling the reader to develop market share estimates. Company Profiles & Sales Leads This report includes a 1 page profile for each company including full contact details for developing fast sales leads; 3 years of the most recent key financial indicators; and MTW s at a glance chart, enabling the reader to quickly gauge the current financial health of a company. Relevant Companies, Saving You Time MTW Research have been researching and writing market reports in these sectors since 1999 and as such we are able to develop a company listing which is more relevant to the market, rather than automatically selecting companies to be included by industry code. Our reports represent excellent value for money and don t bombard you with irrelevant financial data; they are designed to enable you to engage in fast and effective market analysis. We focus on providing what s important in an easy to reference and use format.
1.2 METHODOLOGY & SOURCES OF INFORMATION MTW Research employ a wide ranging, reliable methodology in order to ensure the highest quality of information possible. Our reports are unique in that they are based on financials from a representative sample of the industry, supported by intelligent qualitative research to provide a comprehensive and intelligent market review. By combining primary and secondary research information, MTW reports uniquely offer an unparalleled level of confidence in terms of market data and trend comment. This, coupled with the fact that we ve been writing reports on these markets since 1999 means that we are confident you won t find a better report available. Our price guarantee ensures that you won t find the same quality report at a cheaper price. Sources of information for this report included:- Financial Data from 100+ Merchants & 45 Heating Product Manufacturers Discussions with Manufacturers, Distributors, Retailers & End Users Distribution Outlets Analysis Including store visits, distributors product mix etc Product Information Technical data from manufacturers, distributors etc Company Websites Manufacturers, Distributors, End Users, Specifiers etc Annual Reports Manufacturers and Distributors Company Literature Press Releases New product launches, company news etc HM Government and European Parliament Official Statistics HM Revenue & Customs Social Media Facebook, Twitter, Linkedin, Instagram etc Trade Journals, Industry Websites and Industry Commentators Trade Associations, Conferences and Exhibitions The research & analysis process involves:- Qualitative Analysis collate all primary and secondary information sources Quantitative Data Modeling using MTW s proprietary data processing for forecasts Qualitative Review review data models against qualitative inputs for trends, sizes etc Product Trend Analysis identify & review trends for each key product sector Distribution Channels Review channel shares & trends analysis End Use Sectors Review identify key target markets, key trends in each sector Strategic Marketing Review by qualified, experienced marketing professionals PEST & SWOT review of all market influences, opportunities and threats Identify Quick Wins List current and future opportunities for market / sales growth Turnover & Profit Estimate for every company in report, regardless of size Ranking Rank leading companies by sales, profit, net worth and assets. Economic Analysis forecasts of GDP, inflation, employment, interest rates etc The above involves 6-8 weeks of combined research & report production time, resulting in an intelligent, comprehensive and usable report identifying immediate opportunities and offers a strategic perspective of the market.
2. UK DOMESTIC CENTRAL HEATING MARKET 2.1 DOMESTIC CENTRAL HEATING MARKET DEFINITION The UK Domestic Central Heating Market comprises of a wide range of products within several key product sectors. Specifically, this report reviews by the UK Domestic Central Heating market by Volume & Value between 2010-2020 for:- Boilers Gas, Electric, Oil, Solid Fuel, Wall-hung, Floor Standing, Back Heat Pumps Ground Source, Air Source Heat Pumps Radiators Standard, Decorative, Towel Warmers Pumps Circulators, Condensate Pumps, Underfloor Heating Pumps Heating Controls Thermostats, Programmers, TRVs, Motorised Valves The market is valued at Manufacturer Selling Prices (MSP) and we have sought to exclude any import / distribution costs, VAT and other applicable taxes, rebates, grants or other income. As illustrated above, there are a large number of products within the Domestic Central Heating market and inevitably there is a degree of overlap, particularly with the light commercial market. As such, the figures contained within this report should be regarded as estimates. This report provides volume mix 2010-2020 for:- Owner Occupier /Private Rented /Social Housing Heating Installations 1 st Time Installations for Radiators, Circulators and Heating Controls Replacement Applications for Radiators, Circulators and Controls New Build Applications for Radiators, Circulators and Controls Sales values by channel for the individual product sectors (e.g boilers, heat pumps, radiators, circulators, heating controls) are provided 2010-2020 for:- Builders & Plumbers Merchants Electrical Wholesalers DIY Multiples Trade Counters / Tool Merchants Internet Retailers Other / Direct / OEM The report also provides a 1 page profile and 3 years financials for 100+ builders merchants to provide immediate sales leads and identify the market leading distributors. This brand new report offers a comprehensive review of the Domestic Central Heating market in 2016 and is the only off the shelf report available for less than 600 which specifically reviews volumes and values for the UK Domestic Central Heating market incorporating both qualitative and quantitative research input.
2.2 CENTRAL HEATING MARKET BY VOLUME 2010-2020 The following chart illustrates the performance of all products within the UK Domestic Central Heating market by volume since 2010, with forecasts to 2020 (figures changed for sample purposes):- Figure 1: UK Domestic Central Heating Market Sales by Volume 2010-2020 25 Vol (M) % Change 10 9 20 8 Volume (M) 7 % Change 15 6 5 10 4 3 5 2 1 0 2010 2011 2012 2013 2014 2015 2016e 2017f 2018f 2019f 2020f Vol (M) 10 11 12 13 14 15 16 17 18 19 20 % Change 1.1 1.2 1.3 1.2 1.1 1.5 1.8 1.9 2 2.1 0 Source: MTW Research / Trade Estimates (Figures Changed for Sample Purposes) Performance since 2010 has been lorem ipsum sample as illustrated above, with lorem ipsum sample in 20xx at just under x% followed by a steady lorem ipsum in the last few years to current levels of just over x% lorem ipsum. In 2016, some xx million units will be sold within the domestic heating market, reflecting lorem ipsum of x% since 2010. Medium to longer term prospects appear lorem ipsum lorem ipsum, underpinned by ongoing lorem ipsum in the lorem ipsum market coupled with lorem ipsum lorem ipsum and rising lorem ipsum on lorem ipsum (lorem ipsum activity. Rising lorem ipsum levels, lorem ipsum in household lorem ipsum lorem ipsum as a result of lorem ipsum continue to lorem ipsum lorem ipsum spending in 2016 with this issues set to lorem ipsum lorem ipsum demand lorem ipsum in the medium to longer term. In addition to macro-market influences, there are also a number of market and product specific trends which are lorem ipsum volume lorem ipsum. These are explored further throughout the report but notably include issues such as the lorem ipsum, lorem ipsum and lorem ipsum considerations, sustained lorem ipsum lorem ipsum, the lorem ipsum, changes to lorem ipsum, The lorem ipsum lorem ipsum and the lorem ipsum which received lorem ipsum lorem ipsum tranche of Government funding in 2015.
2.3 CENTRAL HEATING PRODUCTS MARKET BY VALUE 2010-2020 The following chart illustrates the performance of the total UK Domestic Central Heating market by value since 2010, with forecasts to 2020 (figures changed in sample):- Figure 2: UK Domestic Central Heating Market Sales by Value 2010-2020 25 Val ( M) % Change 30 20 25 Value M 15 10 20 15 10 % Change 5 5 0 2010 2011 2012 2013 2014 2015 2016e 2017f 2018f 2019f 2020f Val ( M) 10 11 12 13 14 15 16 17 18 19 20 % Change 1.1 1.2 1.3 1.2 1.1 1.5 1.8 1.9 2 2.1 0 Source: MTW Research / Trade Estimates NB> Figures Above Changed for Sample Purposes Sales of all products within the domestic central heating market are currently valued at just under x billion in 2016, reflecting a lorem ipsum of just under x%. With volume having lorem ipsum by around x% over the same period, trade sources suggesting that lorem ipsum has steadily lorem ipsum appear to be substantiated in overall terms with average prices continuing to lorem ipsum slightly. Since 2010, total sales are estimated to have lorem ipsum by around x%, in contrast to volume lorem ipsum of x%, underlining an increasingly lorem ipsum lorem ipsum market for some lorem ipsum lorem ipsum product sectors. lorem ipsum, the overall longer term trend is one of lorem ipsum in terms of sales with the market forecast to reach just under xx billion by 2020, reflecting an lorem ipsum of around x% in the next 4 years. 2.4 CENTRAL HEATING INSTALLATIONS BY FUEL TYPE 2010-2020 2.4.1 Total Central Heating Installations by Volume 2010-2020 The following chart illustrates the annual number of central heating installations, which included the replacement / installation of a boiler, since 2010, with forecasts to 2020:-
25 20 15 10 5 Figure 3: Central Heating Installations by Volume 2010-2020 Vol (M) % Change 10 9 8 7 6 5 4 3 2 1 0 2010 2011 2012 2013 2014 2015 2016e 2017f 2018f 2019f 2020f Vol (M) 10 11 12 13 14 15 16 17 18 19 20 % Change 1.1 1.2 1.3 1.2 1.1 1.5 1.8 1.9 2 2.1 0 Source: MTW Research / Trade Estimates Figures Changed in Sample In 2010, the total number of installations stood at around xx million per annum, reflecting a lorem ipsum market as a result of lorem ipsum lorem ipsum levels supported by the lorem ipsum which provided up to xxx to lorem ipsum lorem ipsum boilers to xxx,000 households. Levels steadily lorem ipsum in the subsequent 2 years as funding lorem ipsum for the scheme, troughing at xx million in xxx as a result of sustained uncertainty in the economy. Whilst ECO1 (HHCRO) offered
2.7 KEY MARKET TRENDS & INFLUENCES ON DOMESTIC CENTRAL HEATING MARKET 2.7.1 PEST ANALYSIS Political, Legal, Social & Technology Influences There are a large number of macro market issues and trends which directly or indirectly influence the UK domestic central heating market. These issues typically relate to political, legal, economic, environmental, social and technological factors. The following diagram provides a brief overview of some of these key issues which are currently impacting the market at present and those which may stimulate or dampen market growth in the future:- Figure 23: PEST Analysis for UK Domestic Central Heating Market in 2016 LEGAL POLITICAL ECONOMIC ENVIRONMENT UK DOMESTIC CENTRAL HEATING MARKET SOCIAL TECHNOLOGICAL Source: MTW Research Strategic Review 2016 Whilst the above diagram is by no means exhaustive, it provides an illustration of some of the key issues impacting the market at present and in the future.
3. DOMESTIC CENTRAL HEATING BOILERS MARKET 3.1 CENTRAL HEATING BOILERS MARKET BY VOLUME 2010-2020 The following chart illustrates the annual number of central heating boilers installed in domestic properties since 2010, with forecasts to 2020:-