As of 2023, the import value of multi-phase AC motors with an output of 75 kW and more to Canada stood at approximately 185 million US Dollars. Over the forecast period from 2024 to 2028, the expected growth shows a steady increase, with forecast values rising annually from 188.23 to 196.71 million US Dollars. This indicates a year-on-year growth around 1-2%. The compound annual growth rate (CAGR) for this five-year forecast period is modest, reflecting consistent yet moderate expansion in Canada’s demand for these high-capacity motors.
Future trends to watch include advancements in motor efficiency and the shift towards sustainable energy sources. These may influence both the import volumes and the types of motors in demand, with potential spikes in interest for more energy-efficient models or newer technologies emerging within this market sector.
