The import of parts and accessories for gas, liquid, and electricity meters to India is projected to rise steadily from 2024 to 2028. From 2024's baseline of 990.92 thousand kilograms, the volume is forecasted to grow by an average of around 1.7% annually, reaching 1079.4 thousand kilograms by 2028. Relative to 2023, the projected growth maintains a upward trajectory indicating stable demand.
Year-over-year increases reflect a consistent growth pattern as follows:
- 2025: +2.3%
- 2026: +2.2%
- 2027: +2.1%
- 2028: +2.0%
Looking ahead, potential trends to watch include further advancements in metering technology, which could either streamline accessory requirements or introduce new types, thereby impacting import patterns. Additionally, government initiatives for smart metering could spur higher demand for certain parts and accessories.
