| Product Code: ETC284365 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In the Thailand boiler fittings and accessories market, the import trend experienced a notable decline from 2023 to 2024, with a growth rate of -21.47%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at -0.67%. This decline could be attributed to a combination of factors such as shifts in demand dynamics, evolving trade policies, or market instability during the period.
The Thailand Boiler Fittings and Accessories Market encompasses the manufacturing and supply of components and accessories used in boilers, such as valves, gauges, and safety equipment. It plays a crucial role in supporting the country`s energy and industrial sectors, as boilers are widely used in various industries for steam and hot water generation.
The Thailand Boiler Fittings and Accessories market are witnessing steady growth due to the country`s expanding industrial and commercial sectors. As businesses continue to rely on boilers for various applications, the demand for fittings and accessories has increased. The key drivers include stringent regulations on emissions and energy efficiency, which are compelling industries to upgrade their boiler systems with advanced components. Moreover, the government`s push for renewable energy sources and the need to optimize existing infrastructure are further boosting the market. These factors collectively contribute to the growth of the boiler fittings and accessories market in Thailand.
Safety and compliance with regulations are significant challenges in the boiler industry. Ensuring that fittings and accessories meet strict safety standards is essential. Additionally, the market can be affected by fluctuations in energy prices and the adoption of alternative energy sources.
The Thailand Boiler Fittings and Accessories Market experienced varied impacts due to COVID-19. Initially, as industrial activity slowed down and construction projects were put on hold, the demand for boiler fittings and accessories declined. This was exacerbated by supply chain disruptions, affecting the availability of key components required for boiler systems. However, as the country gradually eased lockdown measures and industries resumed operations, there was a recovery in demand for boiler fittings and accessories. Moreover, the heightened focus on hygiene and sanitation led to increased investments in steam boilers for various applications, including sterilization and disinfection, driving the market`s growth.
In the Thailand Boiler Fittings and Accessories Market, BoilerTech Systems Co., Ltd. is a leading name. They specialize in manufacturing and supplying a wide range of boiler fittings and accessories, ensuring the smooth operation of industrial boilers across Thailand. BoilerTech Systems Co., Ltd. is recognized for its commitment to safety and efficiency in the boiler industry, making them a trusted partner for businesses in need of boiler-related solutions.
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 Boiler Fittings and Accessories Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Boiler Fittings and Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Boiler Fittings and Accessories Market - Industry Life Cycle |
3.4 Thailand Boiler Fittings and Accessories Market - Porter's Five Forces |
3.5 Thailand Boiler Fittings and Accessories Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Thailand Boiler Fittings and Accessories Market Revenues & Volume Share, By Boiler Type, 2021 & 2031F |
4 Thailand Boiler Fittings and Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and urbanization in Thailand leading to higher demand for boilers and accessories. |
4.2.2 Growing focus on energy efficiency and sustainable practices driving the adoption of advanced boiler fittings and accessories. |
4.2.3 Government initiatives and regulations promoting the use of energy-efficient boilers and accessories in industries. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of boiler fittings and accessories. |
4.3.2 Intense competition among market players leading to price wars and margin pressures. |
4.3.3 Economic uncertainties affecting investments in new boiler installations and upgrades. |
5 Thailand Boiler Fittings and Accessories Market Trends |
6 Thailand Boiler Fittings and Accessories Market, By Types |
6.1 Thailand Boiler Fittings and Accessories Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Boiler Fittings and Accessories Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Thailand Boiler Fittings and Accessories Market Revenues & Volume, By Fittings, 2021-2031F |
6.1.4 Thailand Boiler Fittings and Accessories Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 Thailand Boiler Fittings and Accessories Market, By Boiler Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Boiler Fittings and Accessories Market Revenues & Volume, By Fire Tube Boiler, 2021-2031F |
6.2.3 Thailand Boiler Fittings and Accessories Market Revenues & Volume, By Water Tube Boiler, 2021-2031F |
7 Thailand Boiler Fittings and Accessories Market Import-Export Trade Statistics |
7.1 Thailand Boiler Fittings and Accessories Market Export to Major Countries |
7.2 Thailand Boiler Fittings and Accessories Market Imports from Major Countries |
8 Thailand Boiler Fittings and Accessories Market Key Performance Indicators |
8.1 Energy efficiency improvements in boiler systems. |
8.2 Adoption rate of advanced boiler fittings and accessories. |
8.3 Number of government incentives or rebates utilized for energy-efficient boiler installations. |
8.4 Percentage of industrial facilities implementing boiler maintenance best practices. |
8.5 Growth in demand for smart and connected boiler fittings and accessories. |
9 Thailand Boiler Fittings and Accessories Market - Opportunity Assessment |
9.1 Thailand Boiler Fittings and Accessories Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Thailand Boiler Fittings and Accessories Market Opportunity Assessment, By Boiler Type, 2021 & 2031F |
10 Thailand Boiler Fittings and Accessories Market - Competitive Landscape |
10.1 Thailand Boiler Fittings and Accessories Market Revenue Share, By Companies, 2024 |
10.2 Thailand Boiler Fittings and Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |