The import of Electric Generating Sets and Rotary Converters to Viet Nam in 2023 stood at 1.057 billion USD. For the forecasted period 2024-2028, imports are projected to increase from 1.1005 billion USD in 2024 to 1.2803 billion USD in 2028. The year-on-year variation shows a steady growth trend.
- 2024: 4.11%
- 2025: 4.21%
- 2026: 3.95%
- 2027: 3.74%
- 2028: 3.52%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 3.93%, indicating a stable upward trend in the imports of these products.
Future trends to watch for include increasing demand for energy infrastructure development, government policies promoting renewable energy, and potential shifts in global supply chains that could affect the import dynamics. Additionally, technological advancements in power generation equipment could influence market preferences and import volumes.
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