In 2023, the value of gas supply or production meters, including calibrating meters imported to India, was a crucial starting point to assess future trends. From 2024 to 2028, imports are forecasted to grow steadily from 610.16 thousand to 681.94 thousand, indicating a consistent upward trajectory.
Year-on-year growth for these imports shows a gradual increase, with variations from 2024 to 2028 expected to range modestly as follows: 3.03% in 2025, 2.89% in 2026, 2.74% in 2027, and 2.56% in 2028. The compound annual growth rate (CAGR) over this five-year period is projected to be approximately 2.80%.
Future trends to watch for include technological advancements in smart metering, regulatory changes promoting efficient energy use, and market dynamics influenced by domestic production capabilities. These factors could further affect import levels and the broader market landscape.
