The re-import of liquid dielectric transformers with a power capacity of less than 650 kVA to Canada demonstrates a consistent upward trend from 2024 to 2028, with forecasted values increasing gradually from 346 s to 359 s. Compared to 2023, which stood at 343 s, this indicates a stable year-on-year growth of around 1% each year. The compounded annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1%, reflecting moderate market expansion.
Future trends to watch for include potential technological advancements in transformer efficiency, which could influence demand patterns, as well as trade policy changes impacting re-import activities. Additionally, evolving sustainability standards might drive innovation and investment in this sector.
