The forecast for the import of AC generators with an output of 75-375 kVA to the US indicates continuous growth from 2024 to 2028, starting at 68.93 thousand units in 2024 and reaching 75.88 thousand units by 2028. This shows a sustained increase, reflecting a compound annual growth rate (CAGR) of approximately 2.4% over these five years. As of 2023, the import stood noticeably below the 2024 levels, showcasing a positive year-on-year trajectory. The year-on-year percentage variation for the forecasted years shows a steady increase.
Future trends to watch:
- Advancements in green technology and renewable energy integration may influence future imports of such generators.
- Domestic production capabilities could impact import volumes.
- US energy policies and economic conditions will be critical in shaping demand and import levels.
