The UK has forecasted growth in its import of steam and vapour generating boilers from 2024 to 2028, starting at $357.39 million and reaching $420.26 million by 2028. Compared to 2023, this indicates a steady upward trend in imports. The year-on-year growth from 2024 to 2025 is approximately 4.53%, followed by similar increases in subsequent years. The Compound Annual Growth Rate (CAGR) over the five-year period is projected to be around 3.38%, signaling moderate growth. This suggests increasing demand or dependency on imported boilers through the late 2020s.
Future trends to watch for include:
- Technological advancements in boiler efficiency and eco-friendliness, potentially influencing import increases.
- Policy changes related to the UK’s emissions targets and their effect on energy equipment imports.
- Global supply chain dynamics that may affect pricing and availability of boilers.
