The global export market for steam and vapour generating boilers is led by China, constituting 26.18% of the market. China, however, showed a slight decrease of 0.93% from the previous year. South Korea and India follow with significant positive growth rates of 1.49% and 2.33%, respectively. Germany and Italy remain stable players in this market. Notably, Poland emerged with a robust increase of 6.96%. Conversely, Japan faced a sharp decline of 15.17%.
Future trends to watch closely include:
- Potential recovery in Japan's share of exports if tech-based innovations are implemented.
- Continued growth in South Korea and India, possibly due to expanded industrial activities.
- China's strategic shifts to regain lost share through enhanced technologies and market expansions.
- European nations, especially Poland, may leverage technological advancements to increase their output.
Top countries in Export of Steam and Vapour Generating Boiler Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 26.18 | 2023 | -0.77% | -0.93% | View data |
| 2 | 2 South Korea | 18.47 | 2023 | +0.65% | +1.49% | View data |
| 3 | 3 India | 9.68 | 2023 | +3.72% | +2.33% | View data |
| 4 | 4 Germany | 9.09 | 2023 | +2.4% | +0.48% | View data |
| 5 | 5 Italy | 6.45 | 2023 | +0.031% | -0.0079% | View data |
| 6 | 6 United States | 4.15 | 2023 | -4.51% | -4.16% | View data |
| 7 | 7 Japan | 3.23 | 2023 | -11.67% | -15.17% | View data |
| 8 | 8 Poland | 3.23 | 2023 | +0.88% | +6.96% | View data |
| 9 | 9 Finland | 1.92 | 2023 | -4.56% | -1.76% | View data |
| 10 | 10 Denmark | 1.7 | 2023 | -3.69% | -3.2% | View data |
