In 2023, India's import of lightning arresters and voltage surge limiters of 1 kV and more stood at a specific baseline. From 2024 onwards, a steady increase in volume is forecasted, growing from 993.23 thousand kilograms in 2024 to 1167.4 thousand kilograms by 2028.
Year-on-year variations indicate consistent growth: - 2025 sees an increase of approximately 4.5% from 2024 - 2026 shows a rise of about 4.2% from 2025 - 2027 presents growth of around 4% from 2026 - 2028 adds another estimated 3.8% over 2027.
The compound annual growth rate (CAGR) over these five years is approximately 4.14%, reflecting a robust demand and investment in electrical infrastructure within India.
Future trends to watch: - Technological advancements in surge protection mechanisms could alter import patterns. - Domestic production capabilities and policies impacting imports could influence these forecasts. - The demand from renewable energy sectors and urban development projects may further stimulate imports.
