Canada Transformer Market Outlook (2020-2026) | Size, Share, Trends, Growth, Forecast, Revenue, Analysis, industry, Outlook & COVID-19 IMPACT
Market Forecast By Core (Closed, Shell, Berry), By Product (Power transformer, Distribution transformer, Instrument transformer, Others), By Winding (Two-winding, Auto-transformer), By Application (Residential & Commercial, Utility, Industrial), By Cooling (Dry-type, Oil Immersed), By Phase (Single phase, 3 - phase), By Rating (10 MVA, 11 MVA to 60 MVA, 61 MVA to 600 MVA, > 600 MVA) And Competitive Landscape
| Product Code: ETC150156 | Publication Date: Nov 2022 | Updated Date: Nov 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Canada Transformer Market Shipment Analysis
Canada Transformer Market registered a decline of -76.02% in value shipments in 2022 as compared to 2021 and a decrease of -0.01% CAGR in 2022 over a period of 2017. In Transformer Market Canada is becoming less competitive as HHI index in 2022 was 2602 while in 2017 it was 2256. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Canada has reportedly relied more on domestic production to meet its growing demand in Transformer Market. Canada is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Transformer Market in 2022 was 0.98 while in 2017 it was 2.87. Mexico, France, Germany, Vietnam and Hungary were among the top players of the market in 2022, where Mexico acquired the largest market share of 40.1% with a shipment value of 10.5 million USD in 2022 Mexico also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Transformer Market. In 2017 USA had the largest market share of 35.04% with the shipment value of 38.9 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Canada Transformer Market in 2017.
Canada Transformer Market is projected to grow over the coming years. Canada Transformer Market report is a part of our periodical regional publication North America Transformer Market outlook report. 6W tracks transformer market for over 60 countries with individual country-wise market opportunity assessment and publishes the report titled Global Transformer Market outlook report annually.
Canada Transformer Market report thoroughly covers the market by Core, Product, Winding, Application, Cooling, Phase, and Rating. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latest Developments (2022) of Canada Transformer Market
The Government of Canada is investing $867 million to help support the country’s transformer manufacturing industry. The investment will be used to create a new Transformative Technologies Fund, which will support Canadian companies that are developing and commercializing new technologies in the transformer sector. This fund will help to continue the transformation of the transformer industry in Canada, which has seen significant changes over the past few years. The goal of the fund is to create new jobs and spur economic growth, while also helping to reduce greenhouse gas emissions. The fund will be administered by Natural Resources Canada, and will be available to companies across the country. For more information on how to apply for funding, please visit the Government of Canada’s website.
The ongoing transition from traditional sources of energy to renewable energy is another key factor that is fuelling the growth of the transformer market in Canada. The rise in environmental concerns and stringent government regulations regarding greenhouse gas emissions have led to an increased focus on harnessing renewable energy sources such as solar, wind and hydro power. This has created a need for efficient transformers that can handle fluctuating loads and voltages, thereby providing a significant boost to the market.
Canada Transformer Market Synopsis
Canada Transformer Market is expected to project significant growth during the forecast period on account of increasing demand for electricity. Rising investment in the construction sector backed by the growing need to replace the existing grid infrastructure beholds the Canada Transformer Market Growth. The growing demand for electricity due to rising industrialization backed by a surging population is driving the Canada Transformer Market Share.
According to 6Wresearch, Canada Transformer Market size is projected to register growth during 2020-2026. Increasing penetration towards the adoption of renewable energy backed by the government's favorable norms is driving the Canada Transformer Market Revenue. Additionally, the increasing shift towards electric vehicles triggers the potential growth of the Transformer Market in Canada. The market suffered a major setback due to the outburst of COVID-19 leading to disruption in upcoming new projects. The ongoing projects were paused due to the nationwide restrictions that further led to a decline in the development of the market.
Market Analysis by Product
On the basis of product, the distribution segment is expected to have significant growth during the upcoming years owing to the falling of renewable and energy-efficient based power generation.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2016 to 2019.
- Base Year: 2019.
- Forecast Data until 2026.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Canada Transformer Market Outlook
- Market Size of Canada Transformer Market, 2019
- Forecast of Canada Transformer Market, 2026
- Historical Data and Forecast of Canada Transformer Revenues & Volume for the Period 2016 - 2026
- Canada Transformer Market Trend Evolution
- Canada Transformer Market Drivers and Challenges
- Canada Transformer Price Trends
- Canada Transformer Porter's Five Forces
- Canada Transformer Industry Life Cycle
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Core for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Closed for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Shell for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Berry for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Product for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Power transformer for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Distribution transformer for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Instrument transformer for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Winding for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Two-winding for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Auto-transformer for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Application for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Residential & Commercial for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Utility for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Industrial for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Cooling for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Dry type for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Oil Immersed for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Insulation for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Gas for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Oil for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Solid for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Air for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Phase for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Single phase for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By 3 - phase for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By Rating for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By ? 10 MVA for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By 11 MVA to 60 MVA for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By 61 MVA to 600 MVA for the Period 2016 - 2026
- Historical Data and Forecast of Canada Transformer Market Revenues & Volume By > 600 MVA for the Period 2016 - 2026
- Canada Transformer Import Export Trade Statistics
- Market Opportunity Assessment By Core
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Winding
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Cooling
- Market Opportunity Assessment By Insulation
- Market Opportunity Assessment By Phase
- Market Opportunity Assessment By Rating
- Canada Transformer Top Companies Market Share
- Canada Transformer Competitive Benchmarking By Technical and Operational Parameters
- Canada Transformer Company Profiles
- Canada Transformer Key Strategic Recommendations.
Market Scope and Segmentation
The report provides a detailed analysis of the following Market segments:
By Core:
- Closed
- Shell
- Berry
By Product:
- Power Transformer
- Distribution Transformer
- Instrument Transformer
- Others
By Winding:
- Two-Winding
- Auto-Transformer
By Application
- Residential & Commercial
- Utility
- Industrial
By Cooling:
- Dry Type
- Oil Immersed
By Phase:
- Single Phase
- 3 – Phase
By Rating
- 10 MVA
- 11 MVA To 60 MVA
- 61 MVA To 600 MVA
- >600 MVA
Frequently Asked Questions About the Market Study (FAQs):
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 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 Transformer Market Overview |
| 3.1 Canada Country Macro Economic Indicators |
| 3.2 Canada Transformer Market Revenues & Volume, 2019 & 2026F |
| 3.3 Canada Transformer Market - Industry Life Cycle |
| 3.4 Canada Transformer Market - Porter's Five Forces |
| 3.5 Canada Transformer Market Revenues & Volume Share, By Core, 2019 & 2026F |
| 3.6 Canada Transformer Market Revenues & Volume Share, By Product, 2019 & 2026F |
| 3.7 Canada Transformer Market Revenues & Volume Share, By Winding, 2019 & 2026F |
| 3.8 Canada Transformer Market Revenues & Volume Share, By Application, 2019 & 2026F |
| 3.9 Canada Transformer Market Revenues & Volume Share, By Cooling, 2019 & 2026F |
| 3.10 Canada Transformer Market Revenues & Volume Share, By Insulation, 2019 & 2026F |
| 3.11 Canada Transformer Market Revenues & Volume Share, By Phase, 2019 & 2026F |
| 4 Canada Transformer Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Canada Transformer Market Trends |
| 6 Canada Transformer Market, By Types |
| 6.1 Canada Transformer Market, By Core |
| 6.1.1 Overview and Analysis |
| 6.1.2 Canada Transformer Market Revenues & Volume, By Core, 2016-2026F |
| 6.1.3 Canada Transformer Market Revenues & Volume, By Closed, 2016-2026F |
| 6.1.4 Canada Transformer Market Revenues & Volume, By Shell, 2016-2026F |
| 6.1.5 Canada Transformer Market Revenues & Volume, By Berry, 2016-2026F |
| 6.2 Canada Transformer Market, By Product |
| 6.2.1 Overview and Analysis |
| 6.2.2 Canada Transformer Market Revenues & Volume, By Power transformer, 2016-2026F |
| 6.2.3 Canada Transformer Market Revenues & Volume, By Distribution transformer, 2016-2026F |
| 6.2.4 Canada Transformer Market Revenues & Volume, By Instrument transformer, 2016-2026F |
| 6.2.5 Canada Transformer Market Revenues & Volume, By Others, 2016-2026F |
| 6.3 Canada Transformer Market, By Winding |
| 6.3.1 Overview and Analysis |
| 6.3.2 Canada Transformer Market Revenues & Volume, By Two-winding, 2016-2026F |
| 6.3.3 Canada Transformer Market Revenues & Volume, By Auto-transformer, 2016-2026F |
| 6.4 Canada Transformer Market, By Application |
| 6.4.1 Overview and Analysis |
| 6.4.2 Canada Transformer Market Revenues & Volume, By Residential & Commercial, 2016-2026F |
| 6.4.3 Canada Transformer Market Revenues & Volume, By Utility, 2016-2026F |
| 6.4.4 Canada Transformer Market Revenues & Volume, By Industrial, 2016-2026F |
| 6.5 Canada Transformer Market, By Cooling |
| 6.5.1 Overview and Analysis |
| 6.5.2 Canada Transformer Market Revenues & Volume, By Dry type, 2016-2026F |
| 6.5.3 Canada Transformer Market Revenues & Volume, By Oil Immersed, 2016-2026F |
| 6.6 Canada Transformer Market, By Insulation |
| 6.6.1 Overview and Analysis |
| 6.6.2 Canada Transformer Market Revenues & Volume, By Gas, 2016-2026F |
| 6.6.3 Canada Transformer Market Revenues & Volume, By Oil, 2016-2026F |
| 6.6.4 Canada Transformer Market Revenues & Volume, By Solid, 2016-2026F |
| 6.6.5 Canada Transformer Market Revenues & Volume, By Air, 2016-2026F |
| 6.6.6 Canada Transformer Market Revenues & Volume, By Others, 2016-2026F |
| 6.7 Canada Transformer Market, By Phase |
| 6.7.1 Overview and Analysis |
| 6.7.2 Canada Transformer Market Revenues & Volume, By Single phase, 2016-2026F |
| 6.7.3 Canada Transformer Market Revenues & Volume, By 3 - phase, 2016-2026F |
| 6.8 Canada Transformer Market, By Rating |
| 6.8.1 Overview and Analysis |
| 6.8.2 Canada Transformer Market Revenues & Volume, By ? 10 MVA, 2016-2026F |
| 6.8.3 Canada Transformer Market Revenues & Volume, By 11 MVA to 60 MVA, 2016-2026F |
| 6.8.4 Canada Transformer Market Revenues & Volume, By > 600 MVA, 2016-2026F |
| 6.8.5 Canada Transformer Market Revenues & Volume, By > 600 MVA, 2016-2026F |
| 7 Canada Transformer Market Import-Export Trade Statistics |
| 7.1 Canada Transformer Market Export to Major Countries |
| 7.2 Canada Transformer Market Imports from Major Countries |
| 8 Canada Transformer Market Key Performance Indicators |
| 9 Canada Transformer Market - Opportunity Assessment |
| 9.1 Canada Transformer Market Opportunity Assessment, By Core, 2019 & 2026F |
| 9.2 Canada Transformer Market Opportunity Assessment, By Product, 2019 & 2026F |
| 9.3 Canada Transformer Market Opportunity Assessment, By Winding, 2019 & 2026F |
| 9.4 Canada Transformer Market Opportunity Assessment, By Application, 2019 & 2026F |
| 9.5 Canada Transformer Market Opportunity Assessment, By Cooling, 2019 & 2026F |
| 9.6 Canada Transformer Market Opportunity Assessment, By Insulation, 2019 & 2026F |
| 9.7 Canada Transformer Market Opportunity Assessment, By Phase, 2019 & 2026F |
| 9.7 Canada Transformer Market Opportunity Assessment, By Rating, 2019 & 2026F |
| 10 Canada Transformer Market - Competitive Landscape |
| 10.1 Canada Transformer Market Revenue Share, By Companies, 2019 |
| 10.2 Canada Transformer Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |
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