The forecast for the UK's plumbing, heat, and air-conditioning installation sector indicates steady growth, with gross investment expected to rise from £780.7 million in 2024 to £876.0 million in 2028. This suggests a compound annual growth rate (CAGR) of approximately 2.91%. The year-on-year percentage increase remains consistent, hovering around 2.96% annually.
In 2023, the investment stood at a slightly lower level, emphasizing a positive growth trajectory. Key future trends to monitor include technological advancements in energy-efficient systems, regulatory changes towards sustainable practices, and the increasing demand for retrofitting existing infrastructure to improve energy efficiency.
