The production in the Plumbing, Heat and Air-Conditioning Installation sector in Hungary has displayed a significant upward trend from 2013 to 2023, reaching 465.92 Billion Forints in 2023. The year-on-year variations over the last two years were 8.79% in 2022 and 8% in 2023, showcasing steady growth. The compound annual growth rate (CAGR) for the last five years (from 2018 to 2023) was 10.02%, illustrating robust expansion.
Future trends for the sector, forecasted from 2024 to 2028, suggest a continued but slightly moderated growth, with a forecasted 5-year CAGR of 4.84%. The industry is expected to benefit from advancements in energy-efficient technologies, regulatory changes promoting sustainable building practices, and increased investment in infrastructure. Watching these factors closely will provide insights into opportunities and potential market shifts.
