In 2024, the re-import value of lightning arresters and voltage or surge limiters of 1 kV and more to Canada is forecasted at $36.87k, showing a declining trend from 2023 levels. The expected year-on-year declines are approximately 11.5% from 2024 to 2025, 12.7% from 2025 to 2026, 14.3% from 2026 to 2027, and 16.4% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is negative, indicating a consistent decrease in re-import value.

Future trends to watch for:

Technological advancements and industrial demand affecting electrical infrastructure.
Regulatory changes influencing import policies and practices.
Market saturation and alternative domestic production capabilities.