The re-import of AC motors, multi-phase with an output range of 0.75-75 kW to Canada, is forecasted to gradually increase from 2024 to 2028. The 2023 actual value stood at a certain level, and by 2028, it is projected to reach 600.06 thousand USD. A slow but steady year-on-year growth is expected, with the percentage increase for 2025 being approximately 0.12% and for 2028 about 0.11%. The Compound Annual Growth Rate (CAGR) over this period is likely to reflect a minimal yet positive trend.
Future trends to monitor include:
- The impact of green energy initiatives on motor imports and manufacturing.
- Technological advancements influencing motor efficiency and demand.
- Economic factors affecting manufacturing and importation costs.
- Shift in trade policies impacting cross-border transportation.
