Industry Statistics and Rankings
How does this industry perform in Belgium compared to Europe?
Country Benchmarking
Industry Data Belgium
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#10 In EuropeBusiness
#11 In EuropeEmployees
#18 In EuropeWages
#14 In EuropePlumbing, heating and air conditioning installation revenue is forecast to grow at a compound annual rate of 2.2% over the five years through 2025 to €273.6 billion. The revenue of plumbing and HVAC contractors is closely tied to construction sector cycles and generally aligns with broader economic and investment trends. Since the pandemic, weak economic conditions, highlighted by rampant inflation and supply chain disruptions, have driven up construction material costs, squeezing investment budgets, particularly in the commercial market, as customers aim to conserve cash. Also, persistent inflationary pressures have further constrained revenue opportunities as central banks have raised base rates, leading to increased borrowing costs and further restricting new investments in construction.
Enterprises
Number of businesses in 2025
Biggest companies in the Plumbing, Heat & Air Conditioning Installation in Belgium
Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
---|---|---|---|---|
Veolia Environnement SA | 45,421.9 | 2,828.2 | 6.2 |
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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 Belgium in 2025?
The market size of the Plumbing, Heat & Air Conditioning Installation industry in Belgium is €7.7bn in 2025.
How many businesses are there in the Plumbing, Heat & Air Conditioning Installation industry in Belgium in 2025?
There are 13,351 businesses in the Plumbing, Heat & Air Conditioning Installation industry in Belgium, which has grown at a CAGR of 2.0 % between 2020 and 2025.
Has the Plumbing, Heat & Air Conditioning Installation industry in Belgium grown or declined over the past 5 years?
The market size of the Plumbing, Heat & Air Conditioning Installation industry in Belgium has been growing at a CAGR of 3.4 % between 2020 and 2025.
What is the forecast growth of the Plumbing, Heat & Air Conditioning Installation industry in Belgium over the next 5 years?
Over the next five years, the Plumbing, Heat & Air Conditioning Installation industry in Belgium is expected to grow.
What are the biggest companies in the Plumbing, Heat & Air Conditioning Installation industry in Belgium?
The biggest company operating in the Plumbing, Heat & Air Conditioning Installation industry in Belgium is Veolia Environnement SA
What does the Plumbing, Heat & Air Conditioning Installation industry in Belgium include?
Work involving heating systems and Work involving cooling systems are part of the Plumbing, Heat & Air Conditioning Installation industry in Belgium.
Which companies have the highest market share in the Plumbing, Heat & Air Conditioning Installation industry in Belgium?
The company holding the most market share in the Plumbing, Heat & Air Conditioning Installation industry in Belgium is Veolia Environnement SA.
How competitive is the Plumbing, Heat & Air Conditioning Installation industry in Belgium?
The level of competition is moderate and steady in the Plumbing, Heat & Air Conditioning Installation industry in Belgium.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
International industries
Table of Contents
About this industry
Industry definition
Companies in the plumbing, heating, ventilation and air conditioning (HVAC) industry specialise in installing plumbing, heating and air conditioning systems for households and businesses. They also offer system upgrades, 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 SAIndustry Code
4322 - Plumbing, heat and air-conditioning installation in Belgium
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Performance
Revenue Highlights
Trends
- Revenue
- 2025 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
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Plumbing, Heat & Air Conditioning Installation in Belgium industry?
Outlook
Analysis
What's driving the Plumbing, Heat & Air Conditioning Installation in Belgium industry outlook?
Volatility
Analysis
What influences volatility in the Plumbing, Heat & Air Conditioning Installation in Belgium 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 Belgium 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 Belgium industry's products and services performing?
Analysis
What are innovations in the Plumbing, Heat & Air Conditioning Installation in Belgium industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Plumbing, Heat & Air Conditioning Installation in Belgium industry?
International Trade
Highlights
- Total Imports into Belgium
- Total Exports into Belgium
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 (2025)
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
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2025)
Data Tables
- Number of Establishments by Region (2025)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Plumbing, Heat & Air Conditioning Installation in Belgium located?
Companies
Data Tables
Top 1 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit margin (2025)
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 Belgium 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 Belgium industry?
Key Ratios
Data tables
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
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 (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Methodology
Where does IBISWorld source its data?
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