In 2023, the turnover in the UK's Plumbing, Heat, and Air-Conditioning Installation sector stood at approximately 19.31 billion pounds. The forecasted data from 2024 to 2028 indicate a steady increase in turnover, starting at 19.74 billion pounds in 2024 and rising to 21.3 billion pounds by 2028. The year-on-year growth rates over these years show moderate increases, reflecting stable industry expansion.
Future Trends to Watch For:
- Increasing emphasis on renewable energy systems may drive specialized installations, impacting sector turnover positively.
- Technological advancements, particularly in smart HVAC systems, can influence demand for skilled installation services.
- Policy changes around energy efficiency standards might lead to more renovation and replacement projects.