Based on the forecasted data, the hours worked in the steam and air conditioning supply sector in Germany demonstrate a positive trend from 2024 to 2028, increasing from 16.42 to 16.612 million hours. The annual variations indicate a steady growth of approximately 0.3% each year. The anticipated trend over this period suggests a consistent expansion in the industry.
In 2023, the actual value of hours worked stood lower than in 2024, supporting the growth outlook for the following five years. The average Compound Annual Growth Rate (CAGR) from 2024 to 2028 is projected to remain positive at a modest rate.
Future trends to watch include potential technological advancements and energy efficiency improvements, which might impact labor demands. Additionally, regulatory changes and shifts towards renewable energy sources could influence the sector's landscape, affecting the growth trajectory of hours worked in the industry.
