The turnover in the Plumbing, Heat, and Air-Conditioning Installation sector in Belgium saw varied trends over the years. From 2013 to 2015, there was a notable increase, peaking at a 5.53 billion Euros value in 2015. However, 2017 and 2018 experienced declines. A recovery phase occurred from 2019 onward with steady growth despite minor fluctuations. In 2023, the sector stood at 5.83 billion Euros. For variations, the last two years from 2022 to 2023 showed minor increases of 1.14% and 1.11%. The five-year CAGR provides an average annual growth rate of 2.58%.
Future sector trends to watch include technological advancements in HVAC systems, regulatory changes towards energy efficiency, and potential economic fluctuations impacting construction activities.
