Between 2013 and 2023, the production in the Steam and Air Conditioning Supply sector in France showed notable fluctuations. Production values ranged from €6.7 billion in 2020 to €8.24 billion in 2023. The industry experienced a significant dip in 2020 due to various challenges, but it recovered swiftly, achieving a year-on-year growth of 21.34% in 2021. By 2023, the year-on-year growth steadied at 0.68%. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 1.61%, reflecting a relatively modest growth over this period.

Looking ahead, the forecast from 2024 to 2028 predicts consistent growth in the sector, with the projected value reaching €8.53 billion by 2028. The forecasted 5-year CAGR stands at 0.54%, indicating steady albeit slow growth.

Future trends to watch for include:

Technological advancements in energy-efficient steam and air conditioning systems.
Increased emphasis on sustainable and environmentally friendly production methods.
Potential regulatory changes impacting the industry.
Market demand fluctuations driven by climate change and urbanization.