The number of persons employed in the central heating radiators and boilers sector in Spain has shown a varied trend, declining overall from 2013 to 2023. It peaked at 1.85 thousand employees in 2013 and gradually decreased over the years, reaching 1.26 thousand employees in 2023. The early years saw significant drops, particularly in 2014 and 2016. However, the trend showed some fluctuations with minor increases in 2019 and 2021, before slightly declining again. The most recent data indicates a nearly stable employment rate between 2022 and 2023.
The year-on-year variation leading up to 2023 has seen minor growth rates, illustrating a period of relative stabilization. The CAGR over the last five years (2018-2023) is -0.28%, indicating a slight downward trend. Looking to the future, forecasts suggest a continuing, modest decline in employment figures, with a forecasted 5-year CAGR of -1.71%, potentially reducing the workforce to approximately 1.13 thousand by 2028.
Future trends to watch include the potential impact of technological advancements in heating systems, shifts in energy policies favoring more sustainable solutions, and economic factors influencing the building and renovation industries. These could significantly alter demand for traditional heating radiators and boiler systems, affecting employment trends in this sector.
