Analysis of the sold production of central heating radiators and boilers in Finland reveals a significant decline over the last decade. From 2013 to 2023, the market contracted overall, with notable drops in production value during years like 2016 and 2020. The peak value was in 2014 at 81.311 million euros, but by 2023 it stood at 23.363 million euros. Over the last two years, the market shrank by approximately 4.53%, and the compound annual growth rate (CAGR) over the five-year period leading up to 2023 was -6.49%.

Future trends to watch for:

With a forecasted CAGR of -4.18% from 2024 to 2028, expect continued contraction in the market.
Strategic developments in renewable energy and more efficient heating technologies may create shifts or opportunities in this industry.
Regulatory changes and energy consumption policies impacting product demand.
Potential influence of broader economic conditions on residential and commercial construction sectors.