Between 2013 and 2023, the industrial cooling and ventilation equipment sector in the Netherlands saw fluctuating trends in hours worked, peaking in 2014 with 10.563 million hours and declining consistently afterwards. The data shows minor growths and declines leading to a 2023 value of 8.5169 million hours, which is a 1.26% decrease from 2022.
From 2018 to 2023, there was a consistent downward trend in hours worked, with a compound annual growth rate (CAGR) of -0.79%. Between 2022 and 2023, the decline continued, emphasizing the industry's ongoing contraction.
The forecast from 2024 to 2028 predicts a continued decrease, with a forecasted CAGR of -1.02%, leading to an estimated 7.9899 million hours in 2028, marking a 4.99% decline over the next five years.
Future trends to watch for:
- Impact of technological advancements reducing manual hours worked
- Regulatory changes affecting industry operations
- Economic factors both locally and globally influencing industrial demand
- Environmental policies driving innovation in energy-efficient equipment
