From 2013 to 2023, the turnover of the plumbing, heat, and air conditioning installation sector in Sweden showed a fluctuating trend with periods of both decline and growth. The most significant drop occurred in 2014 with an 11.96% decrease, whereas the highest growth rate was observed in 2015 at 24.6%. By 2023, the turnover stood at 8.31 billion euros, reflecting a modest year-on-year increase of 2.17% and a 5-year CAGR of 3.49%.
Over the last two years, the industry experienced moderate growth, with a 2.25% increase in 2022 and 2.17% in 2023. Looking ahead to 2028, the sector is forecasted to grow at a slower, yet steady pace with an average annual growth rate of 1.54%, culminating in an overall increase of 7.93% over the next five years.
Future trends to watch for include the impact of environmental regulations and sustainable building practices on the sector. Additionally, technological advancements such as smart heating and cooling systems, as well as the increasing integration of renewable energy sources, are expected to drive future growth and innovation.
