In 2023, the production value of steam and air conditioning supply in Norway stood at 606.5 million euros. The forecasted data from 2024 to 2028 indicates a steady increase in production value, rising from 624.7 million euros in 2024 to 697.2 million euros in 2028. This year-on-year growth translates to an average annual increase of 2.9%. Over the last two years, the market experienced variations of 2.9% and 3.1% respectively. The compound annual growth rate (CAGR) over the five-year forecast period averages at approximately 2.8%.
Future trends to watch for include the potential impact of technological advancements in energy efficiency, regulatory changes aimed at reducing environmental impact, and fluctuations in energy prices. Additionally, the adoption of sustainable and green energy solutions could significantly influence the growth trajectory of the steam and air conditioning supply sector in Norway.
