The import forecast for hydraulic turbines and water wheels with power not exceeding 1000 kW to India shows a downward trend from 1.31 thousand units in 2024 to 1.17 thousand units in 2028. In 2023, the imports stood at approximately 1.35 thousand units. The projected year-on-year change indicates a consistent decline, with imports decreasing by about 2.3% annually from 2024 to 2028. The five-year compound annual growth rate (CAGR) suggests a negative trend, signaling a decrease in import demand.
Looking forward, trends to watch for include the increasing adoption of renewable energy solutions, potential technological advancements in turbine efficiency, and evolving government policies aimed at boosting domestic manufacturing and reducing import reliance.
