The import of hydraulic turbines and water wheels with power not exceeding 1000 kW to the US is forecasted to decline between 2024 and 2028. Starting from $772.92 thousand in 2024, the value is expected to decrease to $581.29 thousand by 2028. Year-on-year variations show a consistent decrease, with a compound annual growth rate (CAGR) indicating an average yearly decline over these five years.
Future trends to watch for include:
- Advancements in alternative renewable energy sources which may further diminish the demand for small-scale hydraulic turbines.
- Changes in US energy policy that could impact import levels.
- Technological innovations that may enhance the efficiency and attractiveness of small-scale hydro solutions.
