The import of diesel generating sets with an output of less than 75 kVA to Canada is forecasted to grow steadily between 2024 and 2028. In 2023, the import value stood at a lower point compared to 2024's forecast of 88.586 million USD, marking a progressive increase. The annual growth rate from 2024 to 2025 is approximately 2.87%, and this trend continues with minor increases in subsequent years. The average compound annual growth rate (CAGR) over the five-year period is indicative of consistent market growth.
Future trends to watch for in the Canadian market include:
- Shift towards more sustainable energy sources may impact future diesel generator imports.
- Economic conditions and infrastructure projects could drive demand changes.
- Technological advancements might introduce competitive alternatives to traditional diesel generators.