The turnover of Plumbing, Heat and Air Conditioning Installation in Finland exhibited steady growth from 2013 to 2023, rising from 2.86 billion euros to 3.76 billion euros. The sector saw varying yearly growth rates, with notable increases in 2015 and 2020 and a significant decline in 2017. The compound annual growth rate (CAGR) from 2019 to 2023 was 2.42%, demonstrating moderate growth in recent years.
Looking forward, forecasted data from 2024 to 2028 indicates continued growth, with the turnover expected to reach 4.1 billion euros by 2028. The forecasted CAGR for this period is 1.38%, suggesting a stabilization of growth.
Future Trends to Watch For:
- Technological advancements in installation practices and energy-efficient solutions.
- Impact of government regulations and sustainability initiatives on industry practices.
- Market responses to economic fluctuations and energy prices.
- Potential supply chain disruptions and material cost trends.