Forecast: Import of Fixed Electrical Resistors for a Power Handling Capacity Not Exceeding 20 watt to India

Based on the forecasted data, the import of fixed electrical resistors to India shows a declining trend from 518.12 thousand kilograms in 2024 to 419.33 thousand kilograms by 2028. This reflects a year-on-year decrease of approximately 5% consistently. From the actual data up to 2023, which saw a significant volume, this continued decrease yields a Compound Annual Growth Rate (CAGR) of about -5.14% over the five-year forecast period.

Future trends to watch for include:

  • The impact of domestic manufacturing which might reduce dependency on imports.
  • Technological advancements that could either reduce the need for these components or alter the types being used.
  • Policy shifts favoring local production and potential incentives for technology upgrades in industries that use these resistors.

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