In 2023, the import of vapour generating boilers, including hybrid boilers, stood at approximately 1.06 million kilograms. The forecast data from 2024 to 2028 shows a steady increase in imports, reaching 1.1277 million kilograms by 2028. Year-on-year growth is consistent, ranging between 1-2%, reflecting stable market demand. The compound annual growth rate (CAGR) from 2024 to 2028 is projected to be moderate, highlighting a steady increase in the import volume.
Future trends to watch include:
- Technological advancements in boiler efficiency and hybrid solutions may drive further demand.
- Regulatory changes towards greener energy solutions could impact import patterns.
- Economic shifts post-Brexit may influence trade relations and import costs.