In 2023, the turnover of Plumbing, Heat, and Air Conditioning Installation in Austria stood at 6.85 billion euros. The overall trend from 2013 to 2023 indicated steady growth, with the year-on-year percentage variation fluctuating from 0.33% in 2013 to 1.9% in 2023. Notable peaks in the data include a 9.18% increase in 2018, tied to favorable market conditions and increased demand in the construction sector. The five-year compound annual growth rate (CAGR) prior to 2023 was 2.07%, showing consistent expansion.
Looking ahead from 2024 to 2028, the installation sector is forecasted to grow, with a five-year CAGR of 1.38% and a total forecasted growth rate of 7.09%. Innovations in energy efficiency, smart home technologies, and increasing regulatory requirements for environmental standards are expected to drive further growth and transformation in the industry.
- Continued demand for energy-efficient systems
- Adoption of smart technologies in HVAC systems
- Stricter environmental regulations influencing market dynamics