Forecast: Import of Electric Generating Sets and Rotary Converters to Belgium

The import of electric generating sets and rotary converters to Belgium has shown significant fluctuations over the past decade. After peaking in 2014 and 2018, the value experienced several declines, most notably in 2015 and 2019. However, a consistent upward trend has been observed since 2021, with the value standing at $369.83 million in 2023. The year-on-year growth rate turned positive in 2021 and continued to rise mildly through to 2023. Over the past five years, the compound annual growth rate has averaged around 2.49%, with forecasted values indicating steady growth through 2028.

Future trends to watch for include the potential impact of new technologies on the efficiency and cost-effectiveness of electric generating sets, changes in regulatory policies, and fluctuations in global demand and supply chains. These factors will likely influence the import dynamics and market size in the coming years.

Top Countries about Electric Generator