In 2023, India imported lightning arresters and surge limiters valued at approximately 32 million USD. The forecast for 2024 through 2028 shows a steady increase in import value from 34.295 million USD to 40.605 million USD. Year-on-year growth rates for these years are consistently around 4.7%, signifying a stable upward trend. The compounded annual growth rate (CAGR) over the five-year forecast period is roughly 4.5%, reflecting a continuing demand driven by increasing infrastructure and energy needs.
Future trends to watch include technological advancements in surge protection, shifts in import tariffs, and the development of domestic manufacturing capabilities. Emerging energy sectors and smart grid implementations may further influence import dynamics.
