In 2023, Canada's import of hydraulic turbines, water wheels, and regulators stood at approximately 46.281 million USD. The forecast from 2024 to 2028 indicates a gradual decrease in import values, with a drop from 45.484 million USD in 2024 to 42.415 million USD in 2028. This reflects a Compound Annual Growth Rate (CAGR) of -1.73% over these five years, signifying a consistent downward trend.

Future trends to watch for include:

Potential shifts towards renewable energy focusing on technologies other than traditional hydraulic turbines.
Advancements in domestic manufacturing capabilities reducing reliance on imports.
Policy changes concerning sustainability and infrastructure improvements that might influence demand.