The Canadian Electrical Equipment sector has experienced notable fluctuations in employment, measured in million hours, over the past decade. In 2023, the sector employed 65.13 million hours, reflecting a 6.49% decline from the previous year. The year-on-year variations have been significant, with the largest drops in 2014 (-10.59%) and 2020 (-10.32%), and recovery years like 2019 (5.79%) and 2021 (6.87%). The sector shows a sluggish average yearly change, as evidenced by a CAGR of -0.11% over the last five years.

Future trends to watch for include:

Potential fluctuations due to economic cycles and global supply chain impacts.
The sector may stabilize further, as suggested by the forecasted -0.05% CAGR over the next five years.
Increased investment in renewable energy technologies could drive employment growth in associated electrical equipment manufacturing.