| Product Code: ETC024165 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Thailand`s boilers market witnessed a notable import trend, with a growth rate of 100.0% from 2023 to 2024 and a compound annual growth rate (CAGR) of 21.62% for the period 2020-2024. This surge in imports can be attributed to the increasing demand for efficient heating solutions in various industries, indicating a positive shift in market stability and demand for advanced boiler technologies.
The Boilers market in Thailand is projected to grow at a negative growth rate of -0.30% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

The boilers market in Thailand involves the production, distribution, and use of boilers for various applications such as power generation, industrial processes, heating, and water heating. Boilers are devices that generate steam or hot water by burning fuel or through electric heating. They are used in industries, commercial buildings, residential spaces, and other sectors where heat and hot water are required.
The demand for boilers is driven by various industrial and commercial applications. Boilers are extensively used in industries such as power generation, oil and gas, chemicals, food processing, and textiles, where steam or hot water is essential for production processes. As Thailand continues to invest in infrastructure projects, including residential, commercial, and industrial buildings, the demand for boilers for heating and hot water generation is expected to grow. Urbanization and the expansion of industries contribute to the market`s growth.
The cost of fuels used in boilers, such as natural gas, oil, and biomass, can fluctuate, impacting the operating costs of boilers. Price volatility and availability of fuel sources pose challenges for boiler users and manufacturers. Technological advancements in boiler design and materials, such as advanced controls, sensors, and materials with improved heat transfer properties, present both opportunities and challenges. Manufacturers need to stay updated with emerging technologies and adapt their products accordingly.
The COVID-19 pandemic has had a significant impact on global economies and industries, including the energy and manufacturing sectors. While it is challenging to provide specific details about the pandemic`s impact on the Thailand Boilers Market from 2025-2031, it is likely that the market experienced disruptions due to changes in industrial activities, project delays, and economic uncertainties.
The key players in the boilers market can vary, and it is recommended to refer to specific market reports or industry sources for the most up-to-date information. Some well-known global and local players in the market include Bosch Thermotechnology Ltd., Viessmann Manufacturing Company (Thailand) Ltd., Fulton Boiler Works, Inc., Miura Co., Ltd., and Hamworthy Heating Limited. However, it is important to note that the key players in the Thailand market may differ, and specific market reports would provide more accurate and localized information on the key players in the country.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Boilers Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Boilers Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Boilers Market - Industry Life Cycle |
3.4 Thailand Boilers Market - Porter's Five Forces |
3.5 Thailand Boilers Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.6 Thailand Boilers Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Thailand Boilers Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.8 Thailand Boilers Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Boilers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Boilers Market Trends |
6 Thailand Boilers Market, By Types |
6.1 Thailand Boilers Market, By Capacity |
6.1.1 Overview and Analysis |
6.1.2 Thailand Boilers Market Revenues & Volume, By Capacity, 2021-2031F |
6.1.3 Thailand Boilers Market Revenues & Volume, By <10 MMBtu/hr, 2021-2031F |
6.1.4 Thailand Boilers Market Revenues & Volume, By 10-50 MMBtu/hr, 2021-2031F |
6.1.5 Thailand Boilers Market Revenues & Volume, By 50-100 MMBtu/hr, 2021-2031F |
6.1.6 Thailand Boilers Market Revenues & Volume, By 100-250 MMBtu/hr, 2021-2031F |
6.1.7 Thailand Boilers Market Revenues & Volume, By >250 MMBtu/hr, 2021-2031F |
6.2 Thailand Boilers Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Thailand Boilers Market Revenues & Volume, By Fire-tube, 2021-2031F |
6.2.3 Thailand Boilers Market Revenues & Volume, By Water-tube, 2021-2031F |
6.3 Thailand Boilers Market, By Fuel |
6.3.1 Overview and Analysis |
6.3.2 Thailand Boilers Market Revenues & Volume, By Natural Gas , 2021-2031F |
6.3.3 Thailand Boilers Market Revenues & Volume, By Oil, 2021-2031F |
6.3.4 Thailand Boilers Market Revenues & Volume, By Coal, 2021-2031F |
6.4 Thailand Boilers Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Thailand Boilers Market Revenues & Volume, By Residential, 2021-2031F |
6.4.3 Thailand Boilers Market Revenues & Volume, By Commercial, 2021-2031F |
6.4.4 Thailand Boilers Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.5 Thailand Boilers Market Revenues & Volume, By Utility, 2021-2031F |
7 Thailand Boilers Market Import-Export Trade Statistics |
7.1 Thailand Boilers Market Export to Major Countries |
7.2 Thailand Boilers Market Imports from Major Countries |
8 Thailand Boilers Market Key Performance Indicators |
9 Thailand Boilers Market - Opportunity Assessment |
9.1 Thailand Boilers Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.2 Thailand Boilers Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Thailand Boilers Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.4 Thailand Boilers Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Boilers Market - Competitive Landscape |
10.1 Thailand Boilers Market Revenue Share, By Companies, 2024 |
10.2 Thailand Boilers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |