Powered up: Overall economic recovery is expected to buoy industry revenue
Electrical Equipment Manufacturing in Canada Over the five years to 2019, revenue for the Electrical Equipment Manufacturing industry in Canada is expected to fluctuate. Industry operators rely on demand from downstream industries in the construction and manufacturing sectors. However, domestic demand has consistently been threatened by growing import penetration. Countries such as Mexico and China can produce similar products at a much lower cost, which in turn, lowers the price for end users. Bereft of domestic demand, operators have pursued growth abroad. Electrical equipment manufacturers have responded to the rising threat of import penetration with some consolidation, which has enabled them to cut costs, including labour, and close underperforming manufacturing facilities. Industry performance is expected to oscillate over the five years to 2024. However, recovery in some years will not be enough to sizably offset ever-increasing import penetration.
The Electrical Equipment Manufacturing industry in Canada manufactures power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; relays; and industrial controls. Electrical equipment manufacturers distribute their products to other manufacturing industries, wholesalers and the construction industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Number Of Enterprises
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