The import of equipment to project, disperse, or spray liquid to India, valued at $461.65 million in 2023, shows a consistent upward trend. From 2024 to 2028, the forecasted year-on-year growth rates are approximately: 3.6% in 2024, 3.6% in 2025, 3.4% in 2026, 3.2% in 2027, and 3.0% in 2028. The compound annual growth rate (CAGR) over this five-year period is estimated at 3.36%.
Future trends to watch for include:
- Technological advancements driving innovation in spraying technologies.
- Expansion in sectors such as agriculture and manufacturing increasing demand.
- Policy changes affecting import tariffs and trade regulations.
