The turnover for the Plumbing, Heat, and Air-Conditioning Installation sector in Sweden has shown variability from 2013 to 2023, with significant growth after initial fluctuations. The turnover stood at 84.35 Billion Swedish Kronas in 2023, marking a steady increase from 60.98 Billion Swedish Kronas in 2013. In the immediate past two years, the year-on-year variation was 2.58% in 2022 and 2.49% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 3.27%, indicating a healthy growth trend since 2019.
The forecasted data from 2024 to 2028 suggests continued growth, albeit at a slower pace, with a forecasted 5-year CAGR of 1.77% and an overall increase of 9.17% in turnover expected by 2028. This points toward a stable, but more moderate, market expansion in the coming years.
Future trends to watch for include:
- Technological advancements in plumbing and HVAC systems.
- Enhanced energy efficiency and environmental regulations.
- Shifts towards sustainable and green installations.
- Impact of digitalization and smart home integrations on service demand.
- Potential labor shortages and their effect on sector growth.
