The turnover in the Steam and Air Conditioning Supply Sector in France saw several fluctuations from 2013 to 2023. In 2013, the sector experienced a growth of 3.93%, reaching €7.53 billion. However, a notable decline occurred in 2014 and 2015 with year-on-year drops of 8.42% and 0.84%, respectively.
After a moderate decline in 2016, a rising trend resumed from 2018, recovering from the previous falls. The year 2018 marked a 5.34% increase, reaching €7.34 billion. In 2019, a substantial growth of 8.79% was observed, pushing the turnover to €7.99 billion.
The year 2020 experienced a significant downturn due to external factors, plummeting by 18.89% to €6.48 billion. This was followed by a sharply positive rebound in 2021 with a 21.37% increase. Growth stabilized in 2022 and 2023 with year-on-year variations of 0.72% and 0.7% respectively, standing at €7.98 billion in 2023.
Looking to the future, the sector is projected to continue its upward trend, reaching €8.27 billion by 2028 with a forecasted 5-year CAGR of 0.56%. Factors to watch include technological advancements, environmental regulations, and economic conditions which could influence sector performance.
