The turnover in the Plumbing, Heat, and Air-Conditioning Installation Sector in Norway has shown a steady growth trajectory. As of 2023, the turnover stood at 50.1 billion Norwegian Krones. From 2024 to 2028, the sector is projected to experience continuous growth, with values increasing from 51.24 billion NOK in 2024 to 55.71 billion NOK in 2028.
- Year-on-year, the sector is estimated to grow by approximately 2.2% to 2.3% annually between 2024 and 2028.
- Over the last two years (2022 to 2023), the sector demonstrated a notable increase, affirming a positive trend.
- The compound annual growth rate (CAGR) over the five-year forecast period (2024-2028) is anticipated around 2.2%.
Future trends to watch for include advancements in energy-efficient and smart HVAC technologies, increasing focus on sustainable and green building practices, and regulatory changes aiming to reduce carbon footprints, which could drive further market growth.
