In 2023, the production in Sweden's steam and air conditioning supply sector stood at 41.83 billion Swedish Kronas. From 2013 to 2023, the sector experienced fluctuations with an overall growth trend from 2019 onwards, peaking at 44.0 billion SEK before a decline in 2020 due to external factors. The average annual growth rate over the last five years (CAGR) is noted at 0.69% from 2018 to 2023.
Looking forward, the forecasts indicate a steady growth, with production expected to reach 43.87 billion SEK by 2028. This implies a forecasted average annual growth rate (CAGR) of 0.76%. Key trends to watch include technology advancements in energy efficiency, government regulations on emissions, and potential shifts due to climate change initiatives which could drive growth in renewable energy solutions within the steam and air conditioning sector.
