In 2023, the import value of AC generators with an output of 750 kVA or more to Canada was still growing, but the forecast from 2024 onwards shows a declining trend. Starting at USD 9.4 million in 2024, the value decreases each year, reaching USD 2.6 million by 2028. This represents a consistent year-on-year decrease, with the rate of decline intensifying as years progress. Notably, the compounded annual growth rate (CAGR) over these five years highlights an expected annual average decrease.
Future trends to watch for include technological advancements in alternative energy sources, import policy changes, and currency fluctuations. These factors may further influence the import dynamics and demand for AC generators in Canada beyond 2028.
