The turnover of central heating radiators and boilers in Finland has witnessed a fluctuating yet mostly declining trend from 2013 to 2023. In 2023, the value stood at 61.6 million euros. The overall average annual decline over the past five years (CAGR) has been -2.1%, with a -2.99% decrease observed year-on-year in 2023. Over the last two years, the turnover has diminished by more than 6%.
Future trends indicate a continuation of this downward trajectory, with projections suggesting a decline to 53.3 million euros by 2028. The forecasted average annual decrease for the next five years (CAGR) is -2.24%, resulting in an overall reduction of 10.72% by 2028.
Factors to watch for in future trends include advancements in energy-efficient heating technologies, government regulations, and shifting consumer preferences towards sustainable heating solutions. These elements could potentially disrupt the market and alter this observed trend.
