Production in the Steam and Air Conditioning Supply Sector in Turkey has demonstrated notable growth over the years. Between 2013 to 2023, the sector progressed from 113.0 Million New Turkish Liras to 382.4 Million New Turkish Liras. The compounded annual growth rate (CAGR) over the last five years (2018 to 2023) stood at 5.12%. However, recent trends have shown a deceleration in growth with annual increases of 2.17%, 1.68%, and 1.50% for the years 2022, 2023, and the forecasted 2024 respectively.

Going forward, the forecasted figures for 2028 suggest a 5-year forecasted CAGR of 0.61%, indicating a steady but lower growth trajectory. The total growth anticipated by 2028 is approximately 3.1% from 2024 levels.

Future trends to watch for in this sector include:

Technological advancements and innovation in steam and air conditioning supply systems.
Increased emphasis on sustainable and energy-efficient solutions.
Potential impacts of regulatory changes and international trade dynamics.
Market responses to economic fluctuations and consumer demand trends.