The number of hours worked in the Plumbing, Heat, and Air Conditioning Installation sector in Finland has shown fluctuations over the years from 2013 to 2023, reaching 37.174 million hours in 2023. The sector experienced significant growth spurts, such as in 2016 with a 13.12% year-on-year increase, and notable declines, such as the 7.98% drop in 2017. Over the past two years, growth has remained relatively stable, with the number of hours worked increasing by 2.03% in 2022 and 1.97% in 2023. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was 1.26%.
Looking ahead to the forecasted period of 2024 to 2028, the number of hours worked is expected to rise steadily, projected to reach 40.651 million hours by 2028. The forecasted five-year CAGR from 2024 to 2028 is 1.42%, indicating a modest average annual growth rate. Key future trends to watch include technological advancements in HVAC systems, an increasing emphasis on energy efficiency, and potential labor market shifts that could impact the sector's workforce dynamics.
