From 2013 to 2023, the number of persons employed in the central heating radiators and boilers sector in Austria exhibited fluctuations. The employment levels ranged between 1.91 and 2.17 thousand employees. After reaching a peak in 2014, with a notable year-on-year increase, the sector experienced a general decline, highlighted by some periods of minor recovery and contraction. By the end of 2023, the value stood at 1.99 thousand employees, showing a minor year-on-year decline of 0.15% over the last two years. The five-year CAGR from 2018 to 2023 was -0.67%, underscoring a modest downward trend.
Looking ahead from 2024 to 2028, the sector is forecasted to witness a slight decrease in employment, with an expected five-year CAGR of -0.11%, resulting in a forecasted rate of 1.98 thousand employees by the end of 2028. The anticipated five-year overall reduction rate is projected at -0.55%.
Future trends to watch for include technological advancements leading to automation, potential shifts in energy sources, and regulatory impacts on environmental standards, which could all potentially influence employment levels in this sector.
