The Italian steam generators manufacturing sector (excluding central heating hot water boilers) forecasts a turnover of €522.3 million in 2024, declining to €462.9 million by 2028. This represents a consistent downward trend with the turnover decreasing year-on-year: 3% in 2025, 3% in 2026, 3% in 2027, and 3% again in 2028. The compound annual growth rate (CAGR) over this five-year period is projected to be approximately -3% per year.
Future trends to watch for include:
- Technological advancements or revolution in energy efficiency, potentially altering market dynamics.
- Changes in regulatory frameworks or environmental policies impacting production or costs.
- Fluctuations in global energy prices which could influence the competitive landscape and demand.
