The distribution of end-use shipments of aluminum products to the electrical sector in the US and Canada is showing a steady growth trend. From 2024 to 2028, there is a consistent year-on-year increase, with shipment volumes growing modestly every year. From 2023 to 2024, the industry is likely to hold steady, reflecting stability in market demand. Over the five years' forecast period, the CAGR indicates a gradual yet solid average growth rate, pointing toward a healthy future market trajectory.

Future trends to watch include:

Continued investment in renewable energy infrastructure, potentially accelerating demand for aluminum in electrical applications.
Technological advancements in electrical systems, which may necessitate new aluminum product designs or specifications.
Global supply chain dynamics impacting raw material availability and pricing.