2023
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UK Residential Small Scale Renewables Market Report 2023
2023-10-05T17:01:32+01:00
REP67827D4E_97E2_4478_9DC5_B8A319FDB05E
1495
167110
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Report
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While consumer interest in residential small scale renewables is on the up, upfront costs and a shortage of qualified installers remain key barriers to adoption. Claudia Preedy, Senior B2B…

UK Residential Small Scale Renewables Market Report 2023

£ 1,495 (Excl.Tax)

Description

Stay ahead of the curve and future-proof your business with Mintel’s UK Residential Small Scale Renewables Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest trends and consumer behaviours affecting your industry. Get a 360° view of the UK Small Scale Renewable Technology market including market size, key market drivers, and competitive landscape.

Key Topics Covered in this Report

  • Analysis of the size of the market for key residential small scale renewable technologies and forecast for the next five years.
  • The impact of government schemes and their varying success to drive deployment.
  • Legislative factors and the lack of clarity that continues over government policy.
  • Key drivers for the adoption of solar PV and heat pumps.

Residential Small Scale Renewable Technologies – Current Market Landscape

Consumer interest in small scale renewables is rising, supported by high energy costs and increased environmental awareness. However upfront costs remain a clear barrier to adoption. More attractive finance options would be the most significant way to encourage installation of green technologies.

  • Renewable technologies market segmentation: Solar PV dominates residential small scale renewable installations, accounting for 82% of the completed installations in the first eight months of 2023.

To learn more about the current market landscape and the future of the Residential Small Scale Renewables industry, purchase our full report. Readers may also be interested in our UK Thermal Insulation Market Report 2023.

More About this Report

For the purposes of this Report, Mintel has included the following small scale renewable technologies: Solar PV, Heat Pumps, Solar Thermal Panels, and Biomass Boilers.

Expert Analysis from an Industry Specialist

This report, written by Claudia Preedy, a leading B2B analyst, delivers in-depth commentary and analysis to highlight current trends in the small scale renewables technology market and add expert context to the numbers.

While consumer interest in residential small scale renewables is on the up, upfront costs and a shortage of qualified installers remain key barriers to adoption.

Claudia PreedyClaudia Preedy
Senior B2B Analyst

Table of Contents

    • Key issues covered in this Report
  1. Executive Summary

    • Opportunities for the residential small scale renewables market
    • Market Dynamics and Outlook
    • Graph 1: MCS-certified installations of residential small-scale renewable technologies, 2018-23
    • Graph 2: installations of MCS-certified residential small scale renewable technologies, by type, 2022
    • Graph 3: forecast residential solar PV installations, 2023-27
    • Graph 4: forecast residential heat pump installations, by type, 2023-27 (Number)
  2. Market Size and Forecast

    • Market Size
    • Graph 5: household penetration of small-scale renewables, by country, 2023
    • Solar PV
    • Graph 6: residential solar PV installations, 2017-23 (Number)
    • Graph 7: residential solar PV capacity installed in the UK, 2017-23 (MW)
    • Graph 8: residential solar PV market (based on MCS-certified installations) , 2019-23 (£ million)
    • Graph 9: MCS certified solar PV installations, by property type, 2009-23
    • Graph 10: MCS certified solar PV installations, by tenure type, 2009-23
    • Graph 11: forecast residential solar PV installations, 2023-27
    • Residential Battery Storage
    • Graph 12: residential battery storage market, 2017-21
    • Graph 13: residential battery storage capacity forecast, 2022-27
    • Heat Pumps
    • Graph 14: installations of MCS-certified heat pumps for domestic use, by type, 2017-23, (Number)
    • Graph 15: market for heat pumps for domestic use (based on MCS-certified installations), 2019-23, (£ million)
    • Graph 16: MCS certified heat pump installations, by property type, 2009-23
    • Graph 17: MCS certified heat pump installations, by tenure type, 2009-23
    • Graph 18: forecast residential heat pump installations, by type, 2023-27 (Number)
    • Biomass Boilers
    • Graph 19: installations of MCS-certified biomass boilers for domestic use, 2017-23, (Number)
    • Graph 20: market for biomass boilers for domestic use (based on MCS-certified installations), 2019-23
    • Graph 21: forecast residential biomass boiler installations, 2023-27
    • Solar Thermal
    • Graph 22: UK installations of MCS-certified solar thermal for domestic use, 2017-23, (Number)
    • Graph 23: market for solar thermal for domestic use (based on MCS-certified installations), 2019-23 (£ million)
    • Graph 24: residential solar thermal installations forecast, 2023-27
  3. Market Drivers

    • Regulatory and Legislative Environment
    • New Housebuilding
    • Graph 25: new housebuilding market, 2017-22
    • Graph 26: housing completions, 2018-22
    • Graph 27: segmentation of the new housebuilding market, 2017-22
    • Graph 28: market forecast value of new housing completions, 2022-27
    • Housing Stock
    • Graph 29: housing stock distribution in England, by age, 2021
    • Graph 30: housing stock distribution in Scotland, by age, 2021
    • Graph 31: types of primary heating system, in England, 2021
    • Graph 32: remaining potential to insulate the housing stock in GB, 2022
    • RMI Expenditure
    • Graph 33: RMI expenditure on public housing, 2017-22 (£ million and indexed against 2017)
    • Graph 34: RMI expenditure on private housing, 2017-22 (£ million and indexed against 2017)
    • Domestic Energy Prices
    • Graph 35: average domestic gas and electricity bills, 2017-22
  4. Macro-Economic Factors

    • Inflation
    • Interest rates
    • GDP
    • Consumer spending and wellbeing
  5. Competitive Landscape

    • Solar PV
    • Graph 36: number of MCS-certified solar PV contractors, 2012-23
    • Heat Pumps
    • Graph 37: number of MCS-certified heat pump contractors, 2012-23
  6. Appendix

    • Supplementary Data
    • Graph 38: European heat pump sales, by country, 2022
    • Report Scope and Definitions

About the report

This market report provides in-depth analysis and insight supported by a range of data. At the same time, introductory and top-level content is provided to give you an overview of the issues covered.

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Data

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*databooks not available with UK B2B Industry reports.

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