In 2023, the import value of AC Motors, Multi-Phase with an output of 0.75-75 kW to Canada was below $199.34 million. Projected growth from 2024 to 2028 shows a steady increase; reaching $210.68 million by 2028. Year-on-year growth is expected to remain moderate, hovering around 1.5% each year. The five-year compound annual growth rate (CAGR) demonstrates a consistent upward trend in imports.
Future trends to watch for include advancements in energy-efficient motor technologies, which could impact demand and import volumes. Additionally, any changes in Canadian industrial activity, infrastructure investments, or trade policies could significantly influence import levels.
