The import of vapour generating boilers, including hybrid boilers, to Thailand is expected to exhibit a decreasing trend over the next five years. In 2023, the import volume stood at a higher value compared to the forecasted 2024 value of 2.6948 million kilograms. From 2024 onwards, the imports are projected to decrease annually, showing a year-on-year percentage reduction of about 0.87% from 2024 to 2025, 0.86% from 2025 to 2026, 0.85% from 2026 to 2027, and 0.84% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years reflects an average yearly decline.

Future trends to watch for:

Technological advancements and adoption of more efficient and sustainable boiler technologies.
Domestic manufacturing capabilities and competitive pricing of local alternatives.
Environmental regulations and policies influencing the demand for hybrid and more environmentally friendly boiler systems.