| Product Code: ETC12180238 | Publication Date: Apr 2025 | Updated Date: Feb 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
During 2020-2024, the Canada alternating current electric drives market witnessed a Compound Annual Growth Rate (CAGR) of 4.95%. In 2023-2024, there was a year-on-year growth rate of -4.56%. Despite the decline in 2023-2024, the overall trend showed an increase in imports over the period due to the positive CAGR from 2020-2024.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Canada Alternating Current Electric Drives Market Overview |
3.1 Canada Country Macro Economic Indicators |
3.2 Canada Alternating Current Electric Drives Market Revenues & Volume, 2022 & 2032F |
3.3 Canada Alternating Current Electric Drives Market - Industry Life Cycle |
3.4 Canada Alternating Current Electric Drives Market - Porter's Five Forces |
3.5 Canada Alternating Current Electric Drives Market Revenues & Volume Share, By Power Rating, 2022 & 2032F |
3.6 Canada Alternating Current Electric Drives Market Revenues & Volume Share, By Application, 2022 & 2032F |
3.7 Canada Alternating Current Electric Drives Market Revenues & Volume Share, By End-Use, 2022 & 2032F |
4 Canada Alternating Current Electric Drives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of energy-efficient electric drives due to growing environmental concerns and regulations |
4.2.2 Rising demand for automation and process control in various industries |
4.2.3 Technological advancements in AC electric drives leading to improved efficiency and performance |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with AC electric drives |
4.3.2 Lack of skilled workforce to operate and maintain AC electric drives |
4.3.3 Volatility in raw material prices affecting the overall cost of production |
5 Canada Alternating Current Electric Drives Market Trends |
6 Canada Alternating Current Electric Drives Market, By Types |
6.1 Canada Alternating Current Electric Drives Market, By Power Rating |
6.1.1 Overview and Analysis |
6.1.2 Canada Alternating Current Electric Drives Market Revenues & Volume, By Power Rating, 2022 - 2032F |
6.1.3 Canada Alternating Current Electric Drives Market Revenues & Volume, By 10 kW, 2022 - 2032F |
6.1.4 Canada Alternating Current Electric Drives Market Revenues & Volume, By 10-100 kW, 2022 - 2032F |
6.1.5 Canada Alternating Current Electric Drives Market Revenues & Volume, By >100 kW, 2022 - 2032F |
6.2 Canada Alternating Current Electric Drives Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Canada Alternating Current Electric Drives Market Revenues & Volume, By Pumps & Fans, 2022 - 2032F |
6.2.3 Canada Alternating Current Electric Drives Market Revenues & Volume, By Conveyors, 2022 - 2032F |
6.2.4 Canada Alternating Current Electric Drives Market Revenues & Volume, By Compressors, 2022 - 2032F |
6.3 Canada Alternating Current Electric Drives Market, By End-Use |
6.3.1 Overview and Analysis |
6.3.2 Canada Alternating Current Electric Drives Market Revenues & Volume, By Oil & Gas, 2022 - 2032F |
6.3.3 Canada Alternating Current Electric Drives Market Revenues & Volume, By Chemical, 2022 - 2032F |
6.3.4 Canada Alternating Current Electric Drives Market Revenues & Volume, By Others, 2022 - 2032F |
7 Canada Alternating Current Electric Drives Market Import-Export Trade Statistics |
7.1 Canada Alternating Current Electric Drives Market Export to Major Countries |
7.2 Canada Alternating Current Electric Drives Market Imports from Major Countries |
8 Canada Alternating Current Electric Drives Market Key Performance Indicators |
8.1 Energy efficiency improvements achieved through the use of AC electric drives |
8.2 Adoption rate of AC electric drives in key industries |
8.3 Number of patents filed for new technologies in AC electric drives sector |
9 Canada Alternating Current Electric Drives Market - Opportunity Assessment |
9.1 Canada Alternating Current Electric Drives Market Opportunity Assessment, By Power Rating, 2022 & 2032F |
9.2 Canada Alternating Current Electric Drives Market Opportunity Assessment, By Application, 2022 & 2032F |
9.3 Canada Alternating Current Electric Drives Market Opportunity Assessment, By End-Use, 2022 & 2032F |
10 Canada Alternating Current Electric Drives Market - Competitive Landscape |
10.1 Canada Alternating Current Electric Drives Market Revenue Share, By Companies, 2025 |
10.2 Canada Alternating Current Electric Drives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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