In 2023, India's import of machinery for liquefying air or other gases stood at an undisclosed value, with forecast data indicating a decreasing trend through 2028. The projected figures show a year-on-year decline from 2024 to 2028, with a noticeable downturn in the quantities imported each year. Over five years, the compound annual growth rate (CAGR) indicates a consistent drop, highlighting a downward trajectory in machinery imports for this sector.

Future trends to watch for include:

Shift toward domestic manufacturing to reduce import dependency.
Adoption of more efficient or alternative technologies impacting machinery needs.
Policy and regulatory changes affecting import dynamics.
Fluctuations in industrial or consumer demand for gases likely influencing import levels.