The forecast for China's import of AC generators with an output of 750 kVA and more suggests gradual growth from 2024 to 2028. Starting at 1.45 in 2024, this figure increases consistently to 1.58 by 2028. In 2023, the value stood at an intermediate level likely slightly lower than 1.45. Each year, a steady year-on-year increase of approximately 2% is observed, indicating a stable demand in this segment. The compound annual growth rate (CAGR) over the next five years is anticipated to sustain this gradual trend, reflecting steady market expansion.
Future trends to watch for include technological advancements in generator efficiency and China's policies on renewable energy infrastructure, which may either boost imports or shift demand towards alternative solutions. Monitoring these factors will be crucial for future analysis in this sector.
