The production value of plumbing, heat, and air conditioning installation in Germany registered significant growth from 2013 through 2023. From 33.15 billion Euros in 2013, it rose to 58.2 billion Euros in 2023, reflecting a steady upward trend. While there were occasional declines, such as in 2015, overall, the market depicted robust growth. Notably, the compound annual growth rate (CAGR) over the last five years stood at 4.31%.
In 2022, the sector grew by 5.06% from the previous year, and in 2023, it further grew by 4.77%. Looking ahead, the forecasted data suggests continued expansion with a forecasted 5-year CAGR of 3.16%, reaching 71.05 billion Euros by 2028.
Future trends to watch for include advancements in sustainable and energy-efficient technologies, the impact of regulatory changes, and fluctuating raw material costs. These factors will significantly influence the market dynamics in the coming years.
