The steam and air conditioning supply sector in Norway is experiencing steady growth. In 2023, the turnover was 6.62 billion Norwegian Krones. Forecasted figures indicate an incremental rise to 6.91 billion in 2024, marking a 4.38% year-on-year increase. Growth continues at a rate of 4.19% in 2025, 3.89% in 2026, 3.74% in 2027, and 3.61% in 2028, reaching 8.04 billion Norwegian Krones. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected at approximately 3.96%.

Future trends to watch for:

Adoption of greener and more energy-efficient technologies may drive future growth.
Regulatory changes concerning emissions and sustainability could impact the sector positively.
Rising demand for air conditioning as a result of climate change might spur increased turnover.
Technological advancements and smart solutions could boost sector efficiency and services.