The re-import of electricity supply or production meters to China is projected to decline significantly from 2024 to 2028. In 2023, the value was stable, and from 2024 onwards, a substantial decrease is expected, with a steep decline visible each successive year. Specifically, from 2024 to 2028, the expected compound annual growth rate (CAGR) indicates an average yearly decrease in this sector.
Future trends to watch for include:
- Technological advancements that may reduce the need for re-imports by improving domestic production capabilities.
- Changes in policy or trade agreements impacting the import of energy meters.
- The development of local calibration services and technologies that could further decrease dependency on imported meters.