The production in the plumbing, heat, and air-conditioning installation sector in France has shown significant fluctuations over time. From 2013 to 2017, the sector experienced a generally declining trend, culminating in a notable dip in 2017. However, since 2018, the sector has been on a recovery path with a robust upward trend observed, particularly marked by substantial year-on-year growth in 2020, 2021, and 2022.
In 2023, production stood at 46.38 billion Euros, reflecting a strong year-on-year increase in comparison to 2022. The five-year CAGR from 2018 to 2023 is recorded at 14.2%, indicating an overall positive growth trajectory. The forecast for the next five years suggests the continuation of this growth trend, with an estimated CAGR of 6.72% through to 2028, projecting a substantial overall growth rate.
Future trends to watch for include advancements in energy efficiency technologies, increasing regulatory pressures for greener building standards, and a potential rise in demand for sustainable and smart home solutions. These factors are likely to drive further growth and evolution in the sector.
