In 2023, the re-import value of transformers with a power handling capacity of 1-16 kVA to Canada stood at a certain level. In 2024, projections indicate a value of 658 (in 's), slightly declining over the forecast period to 651 by 2028. This suggests a steady, albeit slight, year-on-year decrease, averaging around 0.21% per year, reflecting a compound annual growth rate (CAGR) over five years.
Future trends to monitor in this market segment include:
- Technological advances affecting transformer efficiency and usage.
- Regulatory changes impacting import and export conditions.
- Fluctuations in demand due to changes in the Canadian energy sector.
- Global supply chain issues that might influence re-import volumes.
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