Forecast: Production in Plumbing, Heat and Air-Conditioning Installation Sector in Austria

From 2013 to 2023, the plumbing, heat, and air-conditioning installation sector in Austria has shown overall growth with some fluctuations. Production values grew from €5.23 billion in 2013 to €6.65 billion in 2023. Recent years (2021-2023) indicated moderate year-on-year growth rates: 1.94% in 2021, 1.88% in 2022, and 1.82% in 2023. Over the last five years leading up to 2023, the sector experienced an annual average growth rate (CAGR) of 2.45%.

Future trends to watch for:

  • Projected annual growth averaging 1.32% from 2024 to 2028.
  • Overall forecasted growth rate of 6.8% by 2028.
  • Potential impacts of technological advancements, energy efficiency mandates, and evolving market demands on the sector.
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