Key Market Indicators
Canada's exports of DC motors are projected to reach $44.5 million by 2026, up 1.6% from $40.2 million in 2021. Since 1994, the country's supply has grown 2.3% annually on average. In 2021, Canada placed 12th in exports, with Switzerland overtaking it at $40.2 million. Germany, the United States and France took the top three spots in the ranking. Meanwhile, the country's imports of DC motors are expected to reach $233.7 million by 2026, up 3.3% annually. Since 1994, demand has grown 11.6% on average. In 2021, the US overtook Canada in imports with $191.6 million. Canada, Germany and the UK placed second, third and fourth respectively in the ranking.
Canada Electric Motor Market Data and Forecasts
How much will Canada Electric Motor Market grow to 2026?
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