In 2023, the import value of liquid dielectric transformers with a power handling capacity of 10,000 KVA or more to Canada stood at an estimated benchmark preceding the forecast period. The forecast from 2024 to 2028 shows a declining trend with values dropping annually with a year-on-year decrease approximately around the 3-5% range. Over this forecast period, the compound annual growth rate (CAGR) is negative, indicating a consistent reduction in imports over time.

Future trends to watch for:

Potential policy changes affecting energy infrastructure investments in Canada.
Technological advancements that may influence transformer demand and supply.
Fluctuations in global market conditions and supply chain dynamics impacting import volumes.