The forecast for the import of fans with a self-contained electric motor not exceeding 125 watts to India shows a steady increase. From an actual figure in 2023, the imports are expected to rise consistently from 2024 through 2028, starting at $117.86 million and reaching $133.19 million. Year-on-year variations reveal moderate growth, with the market expecting annual increments comparable to those seen in the previous two years. The compound annual growth rate (CAGR) over the five years indicates sustained demand and market expansion.
Future trends to watch for include:
- Technological advancements leading to energy-efficient models
- Growing demand in rural and semi-urban areas
- Changes in import policies or tariffs that could impact pricing
- Increased local manufacturing and competition affecting imports
