The forecasted import values for diesel generating sets of 375 kVA and more to China from 2024 to 2028 show a decreasing trend. Starting at $219.81 million in 2024, the value drops continuously to $106.96 million by 2028. In 2023, the import value stood at approximately $250 million, indicating a decline in subsequent years. The year-on-year percentage change illustrates consistent reductions annually, with a notable 51% drop over the forecasted period, giving a compound annual growth rate (CAGR) of -13.3%.
Future trends to watch include increasing investments in renewable energy sources and advancements in energy storage technologies, which may further accelerate the decline in imports of traditional diesel generating sets to China, as the focus shifts to more sustainable and efficient alternatives.
