In 2023, the import of hand pumps not designed to measure flow to India was USD 3.65 million, making the forecasted figures for 2024 to 2028 show a progressive increase. This indicates a steady growth trend in imports over the five-year period, with figures rising from USD 3.82 million in 2024 to USD 4.52 million in 2028. The year-on-year variations demonstrate consistent growth with a CAGR of approximately 4.3% for this period, showing a positive demand trajectory.
Future trends to watch:
- Increasing demand in rural and semi-urban areas due to water scarcity and infrastructure development efforts.
- Technological advancements in hand pump efficiency may influence import volumes.
- Potential policy changes concerning water management solutions and their impact on import dynamics.