Industry Statistics and Trends
Plumbing, Heat & Air Conditioning Installation in Europe key trends
Demand from infrastructure markets remains resilient.
Due to the essential nature of infrastructure and the fact that public funding is pre-allocated, infrastructure construction has remained reasonably steady in the face of recent economic hardship.
Government support aids the housing market.
Demand from residential construction will continue to be supported by government funding aimed at alleviating Europe’s housing shortage.
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Plumbing, Heat & Air Conditioning Installation in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Plumbing, Heat & Air Conditioning Installation in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 2.7 % over the past five years, to reach an estimated €219.1bn in 2024.
Trends and Insights
Weak economic conditions deter new investment into construction projects
- COVID-19 brought about massive disruption to the construction sector, leading to reductions in construction investment across Europe. According to the European Construction Industry Federation, new construction investment in Spain dipped by 10.2% in 2020, while investment levels in France and Italy also falling by 13.4% and 6.2%, respectively.
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Plumbing, Heat & Air Conditioning Installation in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
Support for housebuilding drives demand from the residential market
- Many governments have committed support and funding for the construction of new residential properties, aiming to alleviate Europe’s housing crisis.
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Revenue
€219.1bn
Employees
2m
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Plumbing, Heat & Air Conditioning Installation in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Veolia Environnement SA | 44,321.4 | 2,603.4 | 5.9 | |
Vinci SA | 70,248.0 | 7,586.8 | 10.8 | |
Centrica plc | 33,625.8 | 3,352.6 | 10.0 |
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Plumbing, Heat & Air Conditioning Installation in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Plumbing, Heat & Air Conditioning Installation industry in Europe in 2024?
The market size of the Plumbing, Heat & Air Conditioning Installation industry in Europe is €219.1bn in 2024.
How many businesses are there in the Plumbing, Heat & Air Conditioning Installation in Europe industry in 2024?
There are 490k businesses in the Plumbing, Heat & Air Conditioning Installation industry in Europe, which has grown at a CAGR of 3.1 % between 2019 and 2024.
Has the Plumbing, Heat & Air Conditioning Installation industry in Europe grown or declined over the past 5 years?
The market size of the Plumbing, Heat & Air Conditioning Installation industry in Europe has been declining at a CAGR of 2.7 % between 2019 and 2024.
What is the forecast growth of the Plumbing, Heat & Air Conditioning Installation industry in Europe over the next 5 years?
Over the next five years, the Plumbing, Heat & Air Conditioning Installation industry in Europe is expected to grow.
What does the Plumbing, Heat & Air Conditioning Installation in Europe include?
Work involving heating systems and Work involving cooling systems are part of the Plumbing, Heat & Air Conditioning Installation industry.
Which countries have the most businesses in the Plumbing, Heat & Air Conditioning Installation industry in Europe?
The European country with the most businesses in the Plumbing, Heat & Air Conditioning Installation industry is Italy.
How competitive is the Plumbing, Heat & Air Conditioning Installation industry in Europe?
The level of competition is high and steady in the Plumbing, Heat & Air Conditioning Installation industry in Europe.
Related Industries
This industry is covered in 37 countries
- Plumbing, Heat & Air Conditioning Installation in Austria
- Plumbing, Heat & Air Conditioning Installation in France
- Plumbing, Heat & Air Conditioning Installation in Lithuania
- Plumbing, Heat & Air Conditioning Installation in Italy
- Plumbing, Heat & Air Conditioning Installation in Sweden
- Plumbing, Heat & Air Conditioning Installation in Poland
- Plumbing, Heat & Air Conditioning Installation in Cyprus
- Plumbing, Heat & Air Conditioning Installation in Latvia
- Plumbing, Heat & Air Conditioning Installation in Luxembourg
- Plumbing, Heat & Air Conditioning Installation in Russia
- Plumbing, Heat & Air Conditioning Installation in Slovakia
- Plumbing, Heat & Air Conditioning Installation in Belgium
- Plumbing, Heat & Air Conditioning Installation in Finland
- Plumbing, Heat & Air Conditioning Installation in Croatia
- Plumbing, Heat & Air Conditioning Installation in Bulgaria
- Plumbing, Heat & Air Conditioning Installation in Spain
- Plumbing, Heat & Air Conditioning Installation in Portugal
- Plumbing, Heat & Air Conditioning Installation in Serbia
- Plumbing, Heat & Air Conditioning Installation in the Netherlands
- Plumbing, Heat & Air Conditioning Installation in Estonia
- Plumbing, Heat & Air Conditioning Installation in Slovenia
- Plumbing, Heat & Air Conditioning Installation in Iceland
- Plumbing, Heat & Air Conditioning Installation in Europe
- Plumbing, Heat & Air Conditioning Installation in Greece
- Plumbing, Heat & Air Conditioning Installation in Romania
- Plumbing, Heat & Air Conditioning Installation in Norway
- Plumbing, Heat & Air Conditioning Installation in Hungary
- Plumbing, Heat & Air Conditioning Installation in Denmark
- Plumbing, Heat & Air Conditioning Installation in Turkey
- Plumbing, Heat & Air Conditioning Installation in Malta
- Plumbing, Heat & Air Conditioning Installation in Bosnia & Herzegovina
Table of Contents
About this industry
Industry definition
Companies in this industry install plumbing, heating and air conditioning systems. They also offer additions, alterations, maintenance and repair.
Related Terms
DUCTCOOLING NETWORKGAS FITTINGWhat's included in this industry?
Work involving heating systemsWork involving cooling systemsWork involving plumbing systemsCompanies
Veolia Environnement SAVinci SACentrica plcIndustry Code
4322 - Plumbing, heat and air-conditioning installation in Europe
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Performance
Key Takeaways
Weak economic conditions deter new investment into construction projects
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Plumbing, Heat & Air Conditioning Installation in Europe industry (2011 -2029)
- Employees in the Plumbing, Heat & Air Conditioning Installation in Europe industry (2011 -2029)
- Business in the Plumbing, Heat & Air Conditioning Installation in Europe industry (2011 -2029)
- Profit in the Plumbing, Heat & Air Conditioning Installation in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Plumbing, Heat & Air Conditioning Installation in Europe industry?
Outlook
Analysis
What's driving the Plumbing, Heat & Air Conditioning Installation in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Plumbing, Heat & Air Conditioning Installation in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Plumbing, Heat & Air Conditioning Installation in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Government funding supports new installations. Funding for the installation of new, more-efficient heating systems has created high-value opportunities for plumbing and HVAC contractors.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Plumbing, Heat & Air Conditioning Installation in Europe industry's products and services performing?
Analysis
What are innovations in the Plumbing, Heat & Air Conditioning Installation in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Plumbing, Heat & Air Conditioning Installation in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Importer
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Many small-scale contractors means a fragmented market. Market concentration is low because many plumbing and HVAC contractors are small, owner-operated businesses serving a limited geographical region.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Veolia Environnement SA
- Countries of operation for Vinci SA
- Countries of operation for Centrica plc
- Countries of operation for Bouygues Construction SA
- Countries of operation for Strabag SE
- Countries of operation for Skanska AB
- Countries of operation for Balfour Beatty plc
- Countries of operation for Caverion Corporation
- Countries of operation for IMI plc
- Countries of operation for Aalberts NV
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Plumbing and HVAC contractors must follow building regulations. Building regulations may differ between geographies, but contractors have to make sure that installations meet the specified requirements.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Plumbing, Heat & Air Conditioning Installation in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Competition constrains profitability. The highly competitive nature of the industry means contractors battle on price to win business, but lower prices hinder their returns.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Plumbing, Heat & Air Conditioning Installation in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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