UK Energy Efficiency Market Overview

The UK energy efficiency market size reached USD 0.85 Billion in 2024. Forecasts indicate a rise to USD 1.80 Billion by 2033, reflecting a strong compound annual growth rate (CAGR) of 8.70% from 2025 to 2033. This growth is driven by rising energy costs, ongoing technological advancements, corporate sustainability commitments, industry partnerships, government incentives, and rising climate change awareness.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

UK Energy Efficiency Market Key Takeaways

• The UK energy efficiency market size was USD 0.85 Billion in 2024, with a forecast to reach USD 1.80 Billion by 2033.
• The market is growing at a CAGR of 8.70% during the forecast period 2025-2033.
• Supportive government policies such as the Energy Company Obligation (ECO) and the Green Deal are driving energy usage reductions in homes and businesses.
• Consumer awareness campaigns, like the "Save Energy, Save Money" initiative launched in December 2024, are increasing demand for energy-efficient products.
• The UK government proposes raising private rental energy efficiency to EPC C by 2030 to cut energy bills and emissions.
• Growing climate change awareness is pushing individuals and businesses toward sustainable energy solutions.

Sample Request Link: https://www.imarcgroup.com/uk-energy-efficiency-market/requestsample

UK Energy Efficiency Market Growth Factors

Favorable government policies and regulations lend high impetus to the growth of the market. Initiatives such as the Energy Company Obligation and the Green Deal have set ambitious targets to reduce energy consumption in homes and businesses. The UK government's clean electricity plan predicts a 2030 transition that cuts costs and secures a £40 billion per year investment, driving down energy bills and creating jobs throughout the UK. Economic incentives include grants and subsidies for both residential and commercial sectors to encourage the use of energy-efficient technologies; regulations regarding Energy Performance Certificates spur the improvement of building energy efficiency.

Consumer awareness and involvement are also crucial for market growth. Indeed, public awareness about the cost savings and environmental benefits of energy efficiency has risen through educational campaigns, community programs, and social media. In December 2024, Economy Minister Conor Murphy will launch the "Save Energy, Save Money" campaign, specifically highlighting consumer savings and supporting the transition to net zero in Northern Ireland. There is a growing number of consumers and businesses that invest in home improvements and other sustainability initiatives with increasing eco-consciousness.

Climate change awareness is a significant driver that influences the UK energy efficiency market. As the signs of climate change become more apparent, there is growing pressure from society and governments to minimize carbon footprints. For instance, the UK's plan to upgrade private rental properties to EPC C by 2030 will help reduce fuel poverty, emissions, and energy bills. This immediacy for the transition to low-carbon energy sources also falls in line with net-zero commitments, thereby driving demand for energy-efficient products, from electric vehicles and heating systems to sustainable building. The same goes for businesses, which see energy efficiency as integral to environmental expectations among their stakeholders.

UK Energy Efficiency Market Segmentation

Service Type Insights:

• Energy Supply Services: Encompasses services related to the provision and management of energy supply aimed at enhancing efficiency.
• Operational and Maintenance Services: Involves ongoing operations and upkeep to ensure optimal energy performance.
• Energy Efficiency and Optimization: Focuses on solutions and technologies dedicated to maximizing energy efficiency and reducing waste.

End User Insights:

• Commercial: Includes energy efficiency applications and services targeting commercial buildings and enterprises.
• Industrial: Covers energy efficiency solutions designed for industrial and manufacturing sectors.

Regional Insights

London, South East, North West, East of England, South West, Scotland, West Midlands, Yorkshire and The Humber, East Midlands, and other regions constitute the UK market landscape. However, the report does not specify a dominant region or provide detailed regional market share or CAGR data.

Recent Developments & News

• On 30th April 2024, Barclays extended its partnership with British Gas to offer UK residential mortgage customers half-price Home Health Checks at £50, including a complimentary Energy Performance Certificate. This initiative aims to help homeowners improve energy efficiency with personalized recommendations, reducing energy consumption and bills. It supports Barclays' Greener Homes Strategy by promoting clarity in energy upgrades and encouraging eco-friendly home improvements.

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Customization Note:- https://www.imarcgroup.com/request?type=report&id=29751&flag=E

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302