The turnover for central heating radiators and boilers in Austria has undergone significant fluctuations over the past decade. Starting from €583.5 million in 2013, there were variations that saw the value dip to its lowest at €515.3 million in 2016, followed by an impressive spike to €691 million in 2020. The value stood at €628.8 million in 2023. Year-on-year variations saw notable highs and lows, including a major drop of -7.74% in 2016 and a surge of 21.74% in 2020. The Compound Annual Growth Rate (CAGR) for the past five years is 2.59% as of 2023.
Looking ahead, the forecast till 2028 indicates a modest but steady growth rate with a forecasted CAGR of 0.74% and an overall growth rate of 3.75% over the next five years. The turnover is expected to reach €659.3 million by 2028.
Future trends to watch for include the impact of technological advancements, increased efficiency standards, and renewable energy integrations which could further influence market demands and turnover values. Moreover, policy shifts towards greener and more sustainable heating solutions could play a crucial role in shaping this market.
