In 2023, the production value of plumbing, heat, and air conditioning installation in the UK was estimated to stand at around 21.2 billion euros. Forecasted data shows an optimistic trend with a steady year-on-year increase from 2024 to 2028, with production expected to reach 23.28 billion euros by 2028. This indicates a compound annual growth rate (CAGR) of approximately 1.85% over the five-year forecast period.

Future trends to watch for:

Increased emphasis on energy-efficient and eco-friendly installations, driven by regulatory requirements and growing consumer demand.
Technological advancements in smart HVAC systems and IoT-enabled solutions that could drive innovation and efficiency within the industry.
Potential economic fluctuations or policy changes impacting construction and housing markets, which are closely linked to this sector's performance.