The forecast for the number of persons employed in the industrial cooling and ventilation equipment industry in Norway indicates a slight declining trend. Employment figures are expected to decrease year-on-year from 2024 to 2028. In 2023, the industry had an employment figure higher than the forecasted values, indicating a consistent reduction over the next five years.
Year-on-year variations show a steady decline:
- 2024: 941 employees (-0.74% from 2023)
- 2025: 934 employees (-0.74% from 2024)
- 2026: 927 employees (-0.75% from 2025)
- 2027: 920 employees (-0.75% from 2026)
- 2028: 914 employees (-0.65% from 2027)
The compounded annual growth rate (CAGR) over the forecast period is approximately -0.72% per year.
Future trends to watch for include technological advancements that could further automate processes, reducing the need for human labor. Additionally, regulatory changes and shifts in market demand for energy-efficient cooling and ventilation solutions may influence employment trends in this sector.
