In 2023, the sold production of steam generators, except for central heating hot water boilers in the UK, was at a notable level, but the forecast shows a consistent decline over the next five years. The forecasted values indicate a year-on-year decrease of approximately 7-9%, with a compound annual growth rate (CAGR) of -8% from 2024 to 2028.

Future trends to watch for:

Potential market reconfiguration driven by technological advancements aiming for greater energy efficiency.
Regulatory shifts towards greener energy production possibly impacting demand.
Economic factors, including inflation and currency fluctuations, that could affect production costs and market dynamics.