The import of hydraulic turbines, water wheels, and their regulators to India is projected to decline incrementally from 2024 to 2028, starting at $6.475 million in 2024 and decreasing to $4.4193 million by 2028. This reflects a year-on-year decrease, with significant drops of approximately 8.17% from 2024 to 2025 and 8.72% from 2025 to 2026, followed by an 8.63% and 10.14% reduction in subsequent years. The compound annual growth rate (CAGR) over this period is expected to be notably negative, indicative of a downward trend in imports.
Future trends to watch include potential impacts from advancements in domestic turbine manufacturing, changes in government energy policies favoring local production, and overall shifts towards renewable energy sources which may reduce the reliance on imports.
