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.