The forecast for the import of diesel generating sets with an output of less than 75 kVA to the US shows a gradual decline from $18.44 thousand in 2024 to $17.12 thousand in 2028. This indicates a consistent year-on-year decrease, averaging approximately a 1.81% reduction each year over this period. As of 2023, the import stood at $18.94 thousand, suggesting a diminishing demand or a shift in market preferences. The compound annual growth rate (CAGR) implies a steady contraction in this market segment over five years.
Future trends to watch for include technological advancements in energy efficiency, shifts towards renewable energy sources, and potential regulatory changes influencing diesel generator imports. Monitoring these factors will be crucial for understanding the long-term outlook in this market.
