The import of non-recording ammeters, voltmeters, and ohm meters to the US is on a steady upward trajectory, with forecasted volumes increasing from 1.92 million kilograms in 2024 to approximately 2.01 million kilograms by 2028. This represents a compound annual growth rate (CAGR) of about 1.12% from 2024 to 2028. The consistent growth implies a stable demand in the US market, following the similar import volume value of 1.92 million kilograms in 2023.
Future trends to watch for:
- The advancement of digital and smart meters may influence the demand for traditional non-recording instruments.
- Trade policies and agreements could impact import volumes and market dynamics.
- Technological advancements in the energy sector might shift needs and preferences in measurement devices.