The market is dominated by foreign suppliers, as imports account for 97.5% of total market size in 2020. B2B drives market demand, with B2B spending representing 70.2% of total demand in 2020. Canada has the eighth largest market size for accumulators, primary cells and primary batteries across the top 20 developed countries, with demand reaching USD1.8 billion in 2020. Electrovaya Inc is the largest company in Canada, generating 15.4% of the industry’s total production value in 2020. The industry is fragmented, with the top five companies generating 48.7% of total production value in 2020. The total number of companies increases in 2020, to 285 units. The costs of the industry decrease by 0.7% in 2020, largely driven by declining labour costs. The industry’s profitability decreases and stands at 16.3% of production value in 2020, the third highest across the top 20 developed countries. The industry’s exports share increases in 2020 to 81.9% of total production output. With production value of USD109 million, Canada accounts for 0.6% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Accumulators, Primary Cells and Primary Batteries in Canada: ISIC 314. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Accumulators, Primary Cells and Primary Batteries in Canada: ISIC 314 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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