The turnover of Plumbing, Heat and Air Conditioning Installation in Germany has shown considerable growth from €33.15 billion in 2013 to €60.06 billion in 2023, almost doubling over a decade. Despite some fluctuations, the general trend has been upwards, particularly notable from 2017 to 2023. Year-on-year variations highlight significant growth spurts in 2014, 2017, and 2018 with double-digit increases, while 2021 and 2022 displayed more moderate growth at around 5%. As of 2023, turnover stands at €60.06 billion. The Compound Annual Growth Rate (CAGR) over the last 5 years is 5.15%, indicating steady progress in the sector.
Future trends to watch for include:
- Sustainability initiatives driving demand for eco-friendly heating and cooling solutions
- Technological advancements in smart home and IoT integration
- Regulatory changes impacting installation standards and practices
- Economic factors and potential market disruptions
- Increased focus on energy efficiency and renewable energy sources
Forecasts suggest continued growth, with a projected CAGR of 3.51% over the next five years, reaching €74.97 billion by 2028. This represents an overall growth rate of 18.81% from 2023 to 2028.
