The Canadian Electrical Equipment Manufacturing sector shows a steady, gradual decline in employment from 2024 to 2028. Starting at 35.89 thousand persons in 2024, the workforce is projected to reduce to 34.94 thousand persons by 2028. Comparing year-on-year, there's a consistent annual decrease of approximately 0.7%. This translates into a compound annual growth rate (CAGR) of about -0.7% over the five-year period. The decline suggests a potential trend towards increased automation and efficiency improvements.
Future trends to watch for include technological advancements, digital transformation, and shifts in the global supply chain, which may further influence workforce needs and potentially alter the employment landscape in the sector.
