Watertube boilers market in Italy

Earlier Report Observations

The Italian watertube boiler market opened the period at 438.3 million US dollars in 2018, supported by increased infrastructure investments and robust development in manufacturing industries across Europe, which bolstered demand for efficient steam generation in chemical, refining, and paper sectors. Market volume then contracted to 387.5 million in 2019 and fell sharply to 247.6 million in 2020.

A recovery phase began in 2021, lifting the market to 356.6 million, followed by further growth to 378.5 million in 2022 and 395.2 million in 2023. The expansion in 2023 was partly driven by the need to replace an aging installed base of over 19 million units, many of which were outdated and inefficient, creating substantial replacement demand. The watertube segment itself maintained a dominant market share, sustained by requirements for efficient steam production in power plants, refineries, and chemical industries.

In 2024, the market declined to 374.4 million US dollars. During this year, the Italian government reconfirmed incentives and tax benefits for replacing industrial boilers with high-efficiency models, particularly condensing boilers in energy class A or higher. Demand for watertube boilers was also supported by growing LNG infrastructure and the adoption of advanced technologies to improve efficiency and reduce NOx emissions. However, the market faced regulatory factors such as new requirements for condensate drain pipes and sludge separators, alongside fluctuations in the support schemes for heating technologies.

Production watertube boilers in Italy

In value, 2017-2020, M $ US

Italy's watertube boiler production declined for the third consecutive year. In 2020, output was valued at 361.6 million US dollars, marking a 28.3% decrease compared to 2019. Between 2017 and 2020, production fell by 53.5%, which translates to an annualized decline rate of 22.5%.

Annual dynamics of production in Italy in value, 2017-2020, M $ US

Exports watertube boilers from Italy

Exports in kind, t

Watertube boiler exports from Italy declined for the second consecutive year. In 2020, exports totaled 11 057 tonnes, representing a 3.5% year-over-year decrease. The largest decline occurred in 2019, at 17.1%, while the peak export volume was recorded in 2018 at 13 817 tonnes, following a significant increase of 26.6% that year.

Annual dynamics of product's exports from Italy in kind, 2017-2020, t

From 2017 to 2020, Italy's watertube boiler exports were distributed across numerous markets. Egypt accounted for 8.1% of exports in kind, Russia for 7.2%, and the United States for 7.2%, with these three countries together making up only 22.5% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Italy in kind, 2017-2020

Exports in value, M $ US

Italy's watertube boiler exports declined for the second consecutive year. In 2020, exports reached 118.0 million US dollars, down 6.7% from the previous year. Between 2017 and 2020, exports increased by 6.4%, equating to an annualized growth rate of 2.1%. The highest value was recorded in 2018 at 157.2 million US dollars, which saw a substantial increase of 41.8%, while the largest decline occurred in 2019 at 19.6%.

Annual dynamics of product's exports from Italy in value, 2017-2020, M $ US

The partner structure of Italy's watertube boiler exports in value terms remained fragmented from 2017 to 2020. The United States accounted for 9.0% of exports in value terms, France for 8.0%, and Oman for 5.9%, with these three countries together representing only 23.0% of total flows, and no single country holding a dominant share.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Italy in value, 2017-2020

Imports watertube boilers to Italy

Imports in kind, t

Italy's watertube boiler imports declined for the second consecutive year. In 2020, imports reached 459 tonnes, a 31.9% decrease compared to the previous year. Over the period from 2017 to 2020, imports fell by 39.8%, with a compound annual growth rate (CAGR) of -15.6%. The peak import volume was recorded in 2018 at 932 tonnes, which saw an increase of 22.2% that year.

Annual dynamics of product's imports to Italy in kind, 2017-2020, t

From 2017 to 2020, China was the primary supplier of watertube boilers to Italy, accounting for 45.3% of imports in kind, followed by Germany at 18.8% and Poland at 4.6%. Together, these three countries made up 68.7% of total imports in kind.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Italy in kind, 2017-2020

Imports in value, M $ US

Italy's watertube boiler imports declined for the third consecutive year. In 2020, imports totaled 3.9 million US dollars, which is 58.2% lower than in 2019. Between 2017 and 2020, imports decreased by 68%, equating to an annualized decline rate of 31.6%.

Annual dynamics of product's imports to Italy in value, 2017-2020, M $ US

From 2017 to 2020, China accounted for 22.3% of Italy's watertube boiler imports in value terms, Germany for 17.2%, and Czechia for 14.1%. Together, these three countries represented 53.6% of total imports in value terms, serving as the main sources for watertube boilers to Italy.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Italy in value, 2017-2020