The market is dominated by domestic suppliers, as imports account for 47.4% of total market size in 2022. B2B drives market demand, with B2B spending representing 95.2% of total demand in 2022. Canada has the fifth largest market size for electric motors, generators and transformers across the top 20 developed countries, with demand reaching USD11.4 billion in 2022. Siemens Canada Ltd is the largest company in Canada, generating 5.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 10.9% of total production value in 2022. The total number of companies increases in 2022, to 1,712 units. The costs of the industry increase by 28.2% in 2022, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 6.6% of production value in 2022, the 18th highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 26.6% of total production output. With production value of USD6.7 billion, Canada accounts for 18.8% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Electric Motors, Generators and Transformers in Canada: ISIC 311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electric Motors, Generators and Transformers in Canada: ISIC 311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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