The forecasted hours worked in Plumbing, Heat and Air Conditioning Installation in Sweden show a steady increase from 2024 to 2028. Starting at 65.089 million hours in 2024, the amount is projected to rise incrementally each year, reaching 65.734 million hours by 2028. This represents a consistent year-on-year growth of approximately 0.25% to 0.27%.
The 2023 actual hours worked stood at 64.925 million hours. Compared to this base, the annual growth for 2024 is about 0.25%. Over the last two years, 2024 and 2025, the variation indicates a similar trend. The 5-year compound annual growth rate (CAGR) from 2024 to 2028 comes to around 0.25% per year.
Future trends to watch for include the potential impact of technological advancements in HVAC systems, growth in construction and renovation projects, and any regulatory changes regarding energy efficiency that may affect the demand for plumbing and HVAC services in Sweden.
- Steady increase in hours worked from 2024 to 2028
- Year-on-year growth rate consistently around 0.25% to 0.27%
- 5-year CAGR around 0.25% annually
- Key trends: Technological advancements, construction growth, and regulatory changes
