In 2023, the import value of pumps fitted with a measuring device to India stood at an estimated base level from which the forecast for 2024 begins. The forecasted imports for 2024 to 2028 indicate a steady growth, with figures escalating from 13.444 million USD in 2024 to 13.968 million USD in 2028. The year-on-year percentage variation suggests a consistent minor increase annually.

- 2024-2025: projected increase of approximately 1.00%.

- 2025-2026: projected increase of approximately 0.97%.

- 2026-2027: projected increase of approximately 0.95%.

- 2027-2028: projected increase of approximately 0.92%.

The Compound Annual Growth Rate (CAGR) over this period is expected to show steady yet modest growth. This suggests a progressive but cautious market expansion.

Future trends to watch for:

Technological advancements in pump design that might alter market demands.
Fluctuations in India’s economical and infrastructural projects requiring precise measurement capabilities.
Potential changes in trade policies affecting international purchase agreements.