The import of electrical fuses for a voltage of 1 kV and more to India exhibited a steady decline from 2024 to 2028. Starting at 120.9 thousand kilograms in 2024, the volume decreased to 109.46 thousand kilograms by 2028. This demonstrates a consistent year-on-year decrease: approximately 2.44% for 2025, 2.45% for 2026, 2.46% for 2027, and 2.47% for 2028. The compound annual growth rate (CAGR) over these five years reflects a negative average variation, emphasizing a declining trend.
Future trends to watch for include:
- Technological advancements that could boost local manufacturing and reduce import dependence.
- Policy changes that might impact the importation of electrical components.
- Shifts in demand due to increased electrification projects and infrastructure development in India.
- Global economic factors affecting trade relations and pricing.
