Forecast: Production Value of Plumbing, Heat and Air Conditioning Installation in France

The production value of plumbing, heat, and air conditioning installation in France increased from 26.25 billion Euros in 2013 to 46.38 billion Euros in 2023, demonstrating a steady growth despite some fluctuations. While the sector faced declines in 2014 and particularly in 2017, notable rebounds occurred in 2020 and beyond, leading to a significant 12.4% year-on-year increase in 2023. Over the past five years, the sector has experienced an average annual growth rate (CAGR) of 14.2%, indicating a robust recovery and expansion period.

Future projections suggest continued growth, with forecasts estimating the production value reaching 71.22 billion Euros by 2028. This implies a forecasted five-year CAGR of 6.72% and an overall growth rate of 38.43% by 2028.

Future trends to watch for include:

  • Increased demand for energy-efficient and sustainable HVAC solutions.
  • Technological advancements in smart home systems impacting installation practices.
  • Government incentives and regulations promoting green building standards.

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