The turnover for Plumbing, Heat, and Air Conditioning Installation in Belgium is projected to grow steadily from 2024 to 2028, starting from €5.89 billion in 2024 and reaching €6.14 billion by 2028. Compared to 2023, the 2024 value shows a continuation of a growing trend. The year-on-year growth rate is approximately 1.6% from 2024 to 2025, 1.0% from 2025 to 2026, 1.0% from 2026 to 2027, and 1.0% from 2027 to 2028. The compound annual growth rate (CAGR) over the next five years is estimated to be around 1.0%, indicating a consistent yet moderate expansion.
Future trends to watch for include advancements in energy-efficient and smart HVAC systems, an increase in demand due to stricter environmental regulations, and potential market consolidation. Keep an eye on innovations in renewable energy integration as well as government incentives promoting green technologies, which could further drive market growth.
