From 2013 to 2023, the turnover in France's Plumbing, Heat, and Air-Conditioning Installation sector has experienced fluctuations, peaking notably in recent years. After a decline in 2014 and 2017, the turnover rebounded strongly from 2020 onwards, reaching 45.71 billion Euros by 2023. The sector saw an impressive growth trajectory with the last two years showing double-digit year-on-year increases: 13.69% in 2022 and 11.81% in 2023. The 5-year CAGR from 2019 to 2023 stands at 13.76%, indicating robust average annual growth.
Future projections suggest continued growth, with a forecasted turnover of 68.48 billion Euros by 2028, reflecting a forecasted 5-year CAGR of 6.31%. The overall 5-year growth rate from 2024 to 2028 is anticipated at 35.77%.
Trends to watch for:
• Technological advancements in sustainable heating and cooling solutions.
• Increased demand for energy-efficient installations driven by regulatory changes.
• The potential impact of economic fluctuations on construction and housing markets.
• Continued investment in infrastructure and renovation projects.
