Between 2021 and 2022, Barratt Developments was the company with the largest housing turnover in the United Kingdom. Taylor Wimpey was the second company in the ranking, with a housebuilding revenue of 4.3 billion British pounds. In fourth place, Bellway generated a revenue of 3.5 billion British pounds in 2022. However, that only refers to the turnover that those companies generated from housing activities. What is the outlook for the UK's home construction market? Although housing construction was expected to stagnate in 2024, over the coming years the number of homes built is expected to rise at a quick pace. The projected growth of housing starts in the UK is anticipated to be 46.7 percent higher in 2028 than in 2024. A rise in construction starts would be a good sign for the market, as there is a high demand for housing which, along with other factors, has fostered increasingly higher house prices in the UK during the past years. Who are the leading home builders in the U.S.? The market size of the home building industry in the United States is even bigger than in the UK. In 2023, Miami-based Lennar Corp. and the Texas-based D.R. Horton were the largest homebuilders in the U.S. with a revenue of over 32 billion U.S. dollars. Other builders, such as PulteGroup, Toll Brothers, and NVR were also prominent players in the residential construction industry, with much higher revenue figures than their UK counterparts. The value of new residential construction in the U.S. rose significantly from 2019 to 2022 despite the COVID-19 pandemic, reaching about 910 billion U.S. dollars. However, the market is expected to decrease until 2025, which could impact the revenues of these home builders.

Between 2021 and 2022, Barratt Developments was the house building company with the most units sold in the United Kingdom. Persimmon, the second company on the list, sold approximately 14,550 units in 2021. Bellway, which landed at fourth place in the ranking, sold 11,200 units in 2022. Those companies were also among the UK homebuilders with the largest revenues in 2021.

Residential building contractors are contingent on the propensity of property developers to invest in new ventures; movements in property prices; government schemes intended to boost the housing supply; and underlying sentiment in the housing market. Industry contractors have endured turbulent operating conditions over the past five years, leading to volatile shifts in revenue and profitability. Revenue is forecast to grow at a compound annual rate of 1% over the five years through 2024-25, reaching £97.4 billion. The pandemic caused a significant drop in output in 2020-21, as restrictions placed on on-site activity and fewer enquiries for new housing units reduced revenue opportunities. Aided by government support for the housing market and the release of pent-up demand, 2021-22 was characterised by a strong rebound in activity, though materials and labour shortages maintained constraints on output. Mounting supply chain disruption and heightened economic uncertainty maintained pressure on output in the following year, though revenue growth was maintained by growth in average selling prices. Interest rate hikes and inflationary pressures led to a more subdued housing market in 2022-23, holding back the number of housing starts and completions during the year. This was followed by a slump in new residential building construction in the following year, as high borrowing costs and uncertain market conditions caused developers to scale back investment plans. Revenue is set to grow by 1.5% in 2024-25, aided by a slight improvement in new orders for residential building construction and an uptick in average selling prices. Revenue is slated to climb at a compound annual rate of 1.5% to reach £105.1 billion over the five years through 2029-30. Housebuilding activity is set to grow in the medium-term, aided by the release of pent-up demand. Nonetheless, significant uncertainty remains, with mortgage rates likely to settle well-above pre-pandemic levels and supply chains remaining fragile. The new government’s pledge to deliver 1.5 million houses during the first five years of parliament will boost demand for industry contractors, though the full impact of this on growth prospects is dependent on the nature and extent of accompanying funding plans.

SEGRO was the leading real estate company in the United Kingdom (UK) as of October 15, 2024, with a market capitalization amounting to 14.86 billion U.S. dollars. The Berkeley Group and Land Securities Group followed, with market caps of 6.36 and 6.21 billion U.S. dollars, respectively.

Snapshot img

Residential Real Estate Market Size 2024-2028

The residential real estate market size is forecast to increase by USD 482.1 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth, driven by increasing demand from a growing population and urbanization trends. This demand is further fueled by marketing initiatives from real estate developers and agents, who are leveraging digital platforms and creative campaigns to attract buyers. However, regulatory uncertainty poses a challenge to market growth, with varying regulations and policies in different regions impacting investment decisions. For companies seeking to capitalize on market opportunities, it is essential to stay informed of regulatory changes and adapt strategies accordingly. Additionally, collaboration with local experts and partnerships with regulatory bodies can help navigate complex regulatory landscapes and ensure compliance. Overall, the market presents significant opportunities for growth, but requires a strategic approach to address regulatory challenges and effectively target demand. Companies that can navigate these challenges and adapt to local market conditions will be well-positioned to succeed in this dynamic market.

What will be the Size of the Residential Real Estate Market during the forecast period?

Request Free SampleThe market continues to exhibit activity, driven by strong economic fundamentals and population growth. In nominal terms, the market size reached an all-time high in the latest fiscal year, with discerning buyers demonstrating continued interest in spacious accommodations. However, macroeconomic headwinds, such as rising interest rates and inflation, pose challenges for some potential homebuyers. Economic factors, including GDP per capita and purchasing power, remain essential support for the housing market. Despite these conditions, property launches in the luxury residential sector have shown resilience, catering to the demand for high-end living spaces. Residential construction remains a critical component of the market, with new housing units being added to meet the growing demand for homes. Overall, the market is expected to remain a significant contributor to the economy, offering opportunities for both investors and homebuyers.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Mode Of BookingSalesRental/LeaseTypeApartments and condominiumsLanded houses and villasGeographyAPACChinaJapanNorth AmericaUSEuropeGermanyUKSouth AmericaMiddle East and Africa

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period.

Get a glance at the market report of share of various segments Request Free Sample

The Sales segment was valued at USD 896.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 54% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market size of various regions, Request Free Sample

The market in the Asia Pacific (APAC) region held the largest market share in 2023 and is anticipated to continue leading the market growth during the forecast period. Key drivers of this expansion include population growth and increasing purchasing power, leading to a in demand for spacious accommodations. Rapid urbanization and economic fundamentals, such as GDP per capita, have fueled the construction of new housing units, particularly in countries like India and China. Furthermore, domestic demand and foreign homebuyers have contributed to the unsold inventory overhang, creating investment opportunities in underconstruction properties. Despite these positive indicators, challenges persist, including affordability concerns and critical input costs. In the context of the US housing market, the residential real estate sector offers investment opportunities through traditional options, such as home ownership and rental cash flow, as well as low-risk methods, like investment portfolios. Key economic factors, such as interest rates and supply metrics, impact residential property prices, which may vary in real and nominal terms. The market is also influenced by changing consumer preferences, regulatory reforms, and technological transformation, including home automation and cutting-edge strategies.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holi

The financial and operational success of property development markets depends on a range of socio-economic factors, such as property values, market sentiment and credit conditions. Building project developers' revenue is forecast to slide at a compound annual rate of 3.2% to £35.8 billion over the five years through 2024-25. The economic shock caused by the pandemic had a devastating impact on property development market in 2020-21. Severe supply chain and market disruption caused sentiment to wane and transaction activity fell, while property values initially depreciated and rental fee income stalled. Revenue rebounded in 2021-22, aided by low interest rates, house price inflation and a stronger than anticipated initial economic recovery from the pandemic. Nonetheless, revenue remained below pre-pandemic levels as growth was hindered by a further net deficit on revaluation of assets and lower rental income in office and brick-and-mortar retail markets. The fallout from the pandemic has caused developers to re-align investment towards lower-risk real estate markets which are likely to be more resilient to price shocks. Inaflationary pressures and rising interest rates spurred a further hit to portfolio valuations, discouraging developers from pursuing new developments. Revenue is forecast to grow by 2.5% in the current year, as interest rate cuts spur renewed growth in property values. Revenue is slated to climb at a compound annual rate of 1.3% to reach £38.2 billion over the five years through 2029-30. Following recent interest rate cuts, more stable economic conditions are set to continue to support improved sentiment in the near-term, spurring developers to pursue new ventures. Opportunities for growth are set to be most prominent in high-yield office markets and the technology sector, with growing use of artificial intelligence set to drive demand for the development and construction of data centres. Loosened planning policy is set to drive momentum in residential real estate markets, though more will need to be done for the government to achieve ambitious housebuilding targets.

The United Kingdom headquartered real estate company, Segro ranked first among the largest European real estate companies with a market value of approximately 12.8 billion U.S. dollars in May 5, 2023. Lundbergs from Sweden and CPI Property Group from Luxembourg completed the top three with 12 billion U.S. dollars and nine billion U.S. dollars. Covivio ranked highest among European real estate companies in terms of total assets. Real estate investments The European real estate market is a hotly contended investment opportunity, with high demand areas opportunities and opportunities for high returns on investments. In 2024, multiple cities across Europe have been identified as good prospects for investment. In terms of investment prospects, infrastructure and data centers have been identified as a particularly good target in 2024. Housing Market in Europe Europe has an ongoing battle to supply enough housing for a growing population. In 2022, France, Germany, and Poland had the most residential real estate construction starts in Europe.

Property Market Insights from Zoopla Live (Aggregated):

Discover valuable property market insights with our data product sourced from Zoopla Live, one of the UK's premier aggregators of property listings data. Gain access to a comprehensive dataset containing information on 27,000,000 homes, up to 1,000,000 property listings,.

The Urban Big Data Centre (UBDC) systematially collects daily property listings from Zoopla across the entire UK since 2017; and each year, we process and consolidate the collected data into yearly aggregated and harmonized 'analysis-ready' datasets.

Researchers can utilize this dataset to unlock meaningful insights into the property market.

Please note that additional daily data from Zoopla can be made available upon request if the provided aggregated product does not meet specific research requirements. Additionally, it's essential to be aware that each Zoopla year spans 18 months, from the 1st of Oct of the previous year until the 31st of March of the following year.

UBDC’s Zoopla data collection is a dataset that covers housing data since 2017, covering the area of Great Britain. UBDC has an agreement with Zoopla and has access to current property listings via Application Programming Interface (API). We have been collecting the listings since August 2016.

UBDC can provide Live Collected Aggregated Data: Aggregated (yearly) data made from Live Collected data. The Zoopla year is +/- 3 months for each year(= zoopla year 18 months) The collection requires unique property id in the API request.

We have also set up an email discussion list on housing data and related issues that you can join via the JISCMail website:

https://www.jiscmail.ac.uk/cgi-bin/webadmin?A0=UBDC-HOUSING-DATA

Note: In accessing this data, you agree that any downloading of content is for non-commercial reference only. No part of these materials may be used for any other purpose or reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise without the prior consent of the University of Glasgow.

Data is Zoopla Property Group PLC, © 2023, processed by Urban Big Data Centre, University of Glasgow

Details of the data available via Zoopla’s Application Programming Interface (API) can be found at

http://developer.zoopla.com/

Chicago Housing Authority (CHA) is undertaking the construction of a residential community in Chicago, Illinois, the US.The project involves the construction of residential community with around 1,116 housing units across 12.9ha of land. It will be implemented in three phases.The first phase worth US$75 million includes the redevelopment of buildings north of Diversey Parkway.The project includes the construction of a revamped riverwalk, new landscaping, a convenience store, a coffee shop, a sports pub, a pet daycare facility, a clubhouse, a spa, a swimming pool, parking spaces and related facilities.In January 2010, CHA issued a request for qualifications (RFQ) for selecting a master developer and a team to revitalize the area.In December 2011, a team of five industry-leading Chicago-based real estate developers has been selected to revitalize the 72-year-old Lathrop Homes development on Chicago’s Near North Side.Lathrop Community Partners was named as master developer for the project by CHA and the Lathrop Homes Working Group. The team includes Related Midwest, Magellan Development Group, Heartland Housing Inc., Bickerdike Redevelopment Corp and Ardmore Associates. In 2012, a series of public hearings were held by the developers to announce a formal redevelopment plan.In August 2013, the master developers have issued a final draft of the redevelopment plan with three possible scenarios for community discussions.The Lathrop Homes planning and design team includes Studio Gang Architects, bKL Architecture, Farr Associates, Wolff Landscape Architects, and Bauer Latoza Studio.In August 2014, the developer team unveiled initial rendering for the redevelopment master plan with two buildings designed by bKL Architecture. The new six-story buildings are located at the Northwest and Southwest corners of Diversey, Clybourn and Damen Avenues and will include studio, one- and two-bedroom apartments. The Northern and Southern cover 8,249.79m2 and 12,727.71m2 area each.In February 2016, CHA secured approvals from Chicago Planning Commission.CHA secured approvals from Chicago City Council’s Zoning Committee in March 2016.In June 2016, CHA dropped the construction of two mid-rise buildings designed by bKL Architecture at the eastern edge from the project plan.In January 2017, CHA secured approval from the Chicago Planning Commission for construction of the first phase.In June 2017, the city council granted a construction permit to Related Midwest for the six-story building with 59 residential units.Groundbreaking ceremony is scheduled to commence in October 2017 Read More

Repair and maintenance of private homes was the segment of residential construction with the highest annual growth rate in 2023. Meanwhile, new private and public housing construction increased by over five percent that year.

Several of the largest new residential construction projects in the United Kingdom with a construction start date in 2024 were found in London. Planned Internal and External Refurbishment Works Programme in London was valued at 340 million British pounds. The housing construction market in London London is one of the best-known cities in the world. It is an important financial and economic centre, accounting for the highest share of GDP out of all the regions in the UK. It is also home to the West-End and the British Museum, and it boasts a vibrant cultural life. The economic importance and popularity of the city are some of the factors fostering a high demand for housing construction in London. In addition to the 14,270 housing starts in London in 2023/24, there was also a similar volume of housing completions. In comparison, the number of private housing starts in the UK as was estimated to be 150,000 in 2023. House repairs in the UK Housing repair and maintenance was one of the segments with the highest market shares in the UK construction industry. Meanwhile, new private housing construction represented 19 percent of the construction market in the country in 2023. Two of the largest repair and maintenance projects in 2023 were in London and in the county of Tyne and Wear (the county were Newcastle is located). The revenue of housing repair and maintenance in Great Britain has been increasing at a fast pace in the past years.

The Europe Luxury Residential Real Estate Market Report is Segmented by Type (villas/Landed Houses and Condominiums/Apartments) and by Country (Germany, United Kingdom, France, Italy, Russia, and the Rest of Europe). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Snapshot img

Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by key trends and challenges. The flexible office segment is gaining popularity due to the increasing preference for remote work and the rise of coworking spaces. Digital transformation is another major trend, with the integration of artificial intelligence, smart buildings, and virtual reality in real estate. Additionally, modular and portable buildings are becoming increasingly common, particularly in the logistics and industrial sectors, due to their cost-effectiveness and flexibility. Moreover, the advent of smart cities is revolutionizing the commercial real estate landscape. Visual content and analytics are becoming essential tools for real estate developers and investors, providing valuable insights into consumer behavior and market trends.
Hence, the market is undergoing a digital revolution, with flexible offices, smart buildings, and virtual reality leading the way. The increasing emphasis on remote work and online shopping, coupled with the rise of smart cities, is driving market growth. The integration of artificial intelligence, data analytics, and industrial automation is enabling automation solutions to transform the industry and enhance productivity.

What will be the Size of the Commercial Real Estate Market During the Forecast Period?

Request Free Sample

The market encompasses various property types, including offices, retail and hospitality, industrial and logistics, and multifamily. Current market dynamics exhibit activity, driven by the increasing demand for flexible workspaces, such as coworking spaces and conventional offices. Technology development plays a pivotal role, with virtual property tours and artificial intelligence enhancing the real estate consultancy process. Business owners in diverse sectors, from IT to boutique businesses, continue to lease or sell offices and industrial spaces. The Smart Cities mission propels the integration of technology into commercial real estate, fostering energy efficiency and improved tenant experiences. The overall size of the market remains substantial, reflecting the essential role of commercial real estate in driving economic growth. Data analytics and industrial automation are also critical components of this digital transformation, enabling automation solutions to streamline operations and enhance efficiency.

How is this Commercial Real Estate Industry segmented and which is the largest segment?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Offices
  Retail
  Leisure
  Others


Channel

  Rental
  Lease
  Sales


Geography

  APAC

    China
    India
    Japan


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  South America

    Brazil


  Middle East and Africa

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast period.

The offices segment In the market is experiencing significant growth due to evolving work patterns and corporate demands. Flexible work arrangements, hybrid models, and technological integration are driving the need for adaptable and technologically advanced office spaces. Businesses prioritize contemporary workplaces to attract and retain talent. Co-working spaces like Regus and WeWork, offering flexible office solutions, are gaining popularity. Major corporations, such as Google and Amazon, are investing in innovative office designs that foster collaboration and employee satisfaction. The offices end-user segment is projected to expand from 2024 to 2028, reflecting the ongoing transformation of workspaces to align with modern business trends.

This shift includes the integration of technology, such as virtual property tours, artificial intelligence, data analytics, and virtual reality, into commercial real estate. Additionally, sectors like IT, engineering, manufacturing, e-commerce, start-ups, and hospitality, retail are key contributors to the market's growth. The stable economic environment further supports the expansion of commercial real estate, particularly in Smart Cities and the industrial and logistics sectors. Developers, flex space centers, and information technology companies are actively responding to these trends by providing flexible and technologically advanced office solutions.

Get a glance at the market report of share of various segments Request Free Sample

The offices segment was valued at USD 476.50 billion in 2019 and showed a gradual increase during the f

Snapshot img

Panelized Modular Building Systems Market Size 2024-2028

The panelized modular building systems market size is forecast to increase by USD 47.7 billion at a CAGR of 7.08% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the cost efficiency associated with these systems. Panelized construction, using engineered wood products and plywood, allows for faster build times and reduced labor costs, making it an attractive option for developers and construction companies. Additionally, there has been an increase in mergers and acquisitions among companies In the industry, leading to consolidation and increased competition. However, there are challenges facing the market as well. Skepticism towards modular construction persists, with some stakeholders expressing concerns about the durability and quality of these buildings. Addressing these concerns through education and innovation will be crucial for the continued growth of the market.

What will be the Size of the Panelized Modular Building Systems Market During the Forecast Period?

Request Free Sample

The market is experiencing significant growth due to the increasing demand for energy-efficient structures in various sectors. Prefabricated homes, constructed using structural insulated panels, are gaining popularity In the low-cost housing and public housing units segments. Simultaneously, the luxury apartment and high-rise building markets are embracing panelized modular systems for their speed of construction and cost savings. In the residential infrastructure domain, general contractors and developers are increasingly adopting offsite construction methods, including prefabricated construction, to enhance efficiency and reduce waste. Sustainable construction practices are driving the market, with panelized modular systems offering advantages in terms of energy efficiency and reduced environmental impact.



Modular factories are leveraging cloud computing strategies to optimize production processes and improve collaboration with clients. The banking market and mobile devices are also influencing the market, with digital platforms facilitating financing and design processes. Panelized modular systems encompass complete 3D parts, including walls, roof panels, and floors, made from diverse materials such as timber frame, concrete, and other advanced composites.

How is this Panelized Modular Building Systems Industry segmented and which is the largest segment?

The panelized modular building systems industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

End-user

  Residential
  Commercial
  Industrial


Material

  Wood
  Metal
  Concrete
  Composite


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  South America



  Middle East and Africa

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market is experiencing growth due to the increasing adoption of modular construction for various projects, including public housing units, luxury apartments, and high-rise buildings. Modular construction offers cost savings through efficient fabrication processes, reducing construction time, labor costs, and material waste. In India, Magicrete, a manufacturer of AAC blocks, construction chemicals, and precast construction solutions, completed a 1008-unit mass housing project using their 3D modular precast construction system. This project achieved cost parity with traditional construction methods while cutting construction time by up to 40%. This innovation showcases the potential of precast concrete technology to enhance housing accessibility and reduce construction costs.

Get a glance at the Panelized Modular Building Systems Industry report of share of various segments Request Free Sample

The residential segment was valued at USD 45.90 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 46% to the growth of the global market during the forecast period.

Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The panelized modular building system market In the Asia Pacific (APAC) region is experiencing significant growth due to several factors unique to the area. Rapid urbanization and increasing infrastructure needs are driving the demand for efficient, cost-effective, and sustainable construction solutions. Pane

The United Kingdom HVAC market, valued at approximately £2.52 billion in 2025, is projected to experience robust growth, driven by several key factors. Increasing urbanization and the construction of new residential and commercial buildings fuel demand for HVAC systems. Furthermore, stringent government regulations aimed at improving energy efficiency in buildings, such as the UK's commitment to net-zero carbon emissions by 2050, are significantly impacting market growth. This regulatory push incentivizes the adoption of energy-efficient HVAC technologies, including heat pumps and smart thermostats, boosting market expansion. The rising awareness among consumers and businesses regarding indoor air quality is also contributing to higher demand for advanced ventilation and air purification systems. While rising material costs and supply chain disruptions pose challenges, the long-term outlook for the UK HVAC market remains positive, supported by sustained infrastructure development and government initiatives promoting sustainable building practices. The market segmentation reveals that the commercial sector currently holds a larger share, but the residential sector is expected to witness significant growth due to rising disposable incomes and improved housing standards. Leading players, such as Johnson Controls, Carrier, and Daikin, are focusing on innovation and strategic partnerships to consolidate their market positions and capitalize on emerging opportunities presented by the growing demand for sustainable and smart HVAC solutions. The forecast period (2025-2033) anticipates a Compound Annual Growth Rate (CAGR) of 4.70%, indicating a steady and substantial expansion of the market. This growth is further fueled by advancements in HVAC technology, offering improved energy efficiency, smart controls, and enhanced functionalities. The increasing integration of Building Management Systems (BMS) and the Internet of Things (IoT) in HVAC systems is also driving market growth, enabling remote monitoring and optimized energy management. The market segments of Heating Equipment and Air Conditioning/Ventilation Equipment within the HVAC Equipment category are expected to maintain significant growth throughout the forecast period, driven by continued demand for both heating and cooling solutions across various sectors. The competitive landscape is characterized by the presence of both established global players and local companies. These companies are constantly striving for innovation and market share, contributing to market dynamism and technological advancements. This report provides a comprehensive analysis of the United Kingdom HVAC market, covering the period from 2019 to 2033. It delves into market size, growth drivers, challenges, and future trends, offering valuable insights for industry stakeholders. The base year for this study is 2025, with estimations for the same year and forecasts spanning from 2025 to 2033. Historical data from 2019 to 2024 provides a solid foundation for analysis. Key market segments – including HVAC equipment (heating and air conditioning/ventilation), HVAC services, and end-user industries (residential, commercial, and industrial) – are thoroughly examined. This report is essential for businesses seeking to understand the dynamics of this multi-billion-pound market. Recent developments include: April 2024: Johnson Controls introduced a new line of heat pumps designed for use in residential settings. The York YH5 15.2 SEER2 2-Stage heat pumps aim to deliver year-round comfort and energy efficiency. These systems boast a seasonal energy efficiency ratio (SEER2) of 16 and a heating seasonal performance factor (HSPF2) of 8. The YH5 heat pump includes options for accessing the compressor from the top or side and a control box that swings out for easy access., January 2024: Bosch Home Comfort Group, a division of the German industrial company Robert Bosch GmbH, introduced a new residential air-to-air heat pump designed for cold climate heating. This innovative pump stands out by targeting regions with severe winters, a departure from the norm. While air-source heat pumps are typically known for their affordability and easy installation, this model offers cooling and heating functionalities.. Key drivers for this market are: Supportive Government Regulations Including Incentives for Saving Energy through Tax Credit Programs, Increasing Demand For Energy Efficient Devices; Increased Construction And Retrofit Activity To Aid Demand. Potential restraints include: Supportive Government Regulations Including Incentives for Saving Energy through Tax Credit Programs, Increasing Demand For Energy Efficient Devices; Increased Construction And Retrofit Activity To Aid Demand. Notable trends are: The Residential Sector is Expected to Witness Significant Growth.

Dublin Housing Task Force Q4 2018