Canada Electric Motor Market Outlook (2020-2026) | Size, Share, Revenue, Analysis, Growth, Forecast, Trends, Value & COVID-19 IMPACT

Canada Electric Motor Market is projected to grow over the coming year. The Canada Electric Motor Market report is a part of our periodical regional publication North America Electric Motor Market outlook report. 6W tracks the electric motor market for over 60 countries with individual country-wise market opportunity assessments and publishes the report titled Global Electric Motor Market outlook report annually.

Canada Electric Motor Market report thoroughly covers the market by motor type, speed, voltage, and application. 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 Development (2022) of Canada Electric Motor Market

In 2015, the Canadian government announced a plan to phase out coal-fired power plants by 2030. This is a major event for the electric motor market in Canada, as it will create increased demand for electric motors to power the country's electricity grid. The phase-out of coal-fired power plants is expected to increase demand for electric motors by 5% per year through 2030.

In recent news, the Canada electric motor market is said to be in a good position for future growth. This is due in large part to an increase in demand from various industries such as automotive, aerospace, and manufacturing. Looking ahead, the Canada electric motor market is poised for strong growth as demand increases from various industries. With continued support from the government, businesses are expected to continue investing in this clean and efficient technology.

Canada Electric Motor Market Synopsis

Canada Electric Motor Market is anticipated to project modest growth during the upcoming period on account of the increasing development of infrastructure and expansion of the industrial sector. Strengthening the automobile industry along with increasing initiatives of the government in order to reduce the usage of fossil fuels is propelling the growth of the market. Expansion of the agriculture sector is one of the prime sectors in the deployment of electric motors. Increasing efficiency of electric motors beholds the rapid shift of the automobile industry towards the electric motor.

According to 6Wresearch, the Canada Electric Motor Market size is projected to register growth during 2020-2026. The rising demand for premium machinery control triggers the potential growth of the Electric Motor Market in Canada. The emerging power market is also contributing to the development of the market. However, the health emergency due to the outbreak of COVID-19 negatively affected the supply chain of the electric motor. The nationwide lockdown led to the declining growth of the market. Initial cost and high maintenance cost is also restraining factor in the growth of the market. 

Market Analysis By Motor Type

On the basis of motor type, the AC Motors segment accounted for the largest share and is expected to dominate the market during the upcoming period owing to its extensive usage.

Market Analysis By Output

Based on the output, the up to 1hp segment is likely to take over the market owing to the increasing usage in small-scale industries.

Market Analysis By Application

On the basis of application, the transportation segment is likely to register growth owing to the rising development in the automotive sector. 

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 Electric Motor Market Outlook
• Market Size of Canada Electric Motor Market, 2019
• Forecast of Canada Electric Motor Market, 2026
• Historical Data and Forecast of Canada Electric Motor Revenues & Volume for the Period 2016 - 2026
• Canada Electric Motor Market Trend Evolution
• Canada Electric Motor Market Drivers and Challenges
• Canada Electric Motor Price Trends
• Canada Electric Motor Porter's Five Forces
• Canada Electric Motor Industry Life Cycle
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Motor Type for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Alternate Current (AC) Motor for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Direct Current (DC) Motor for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Hermetic Motor for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Voltage Range for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 9 V & Below for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 10-20 V for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 21-60 V for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By 60 V & Above for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Application for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Industrial machinery for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Motor vehicles for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Heating, ventilating and cooling (HVAC) equipment for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Aerospace & transportation for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Household appliances for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Other for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Speed (RPM) for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Low-Speed Electric Motors (Less Than 1,000 RPM) for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Medium-Speed Electric Motors (1,001-25,000 RPM) for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By High-Speed Electric Motors (25,001-75,000 RPM) for the Period 2016 - 2026
• Historical Data and Forecast of Canada Electric Motor Market Revenues & Volume By Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM) for the Period 2016 - 2026
• Canada Electric Motor Import Export Trade Statistics
• Market Opportunity Assessment By Motor Type
• Market Opportunity Assessment By Voltage Range
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Speed (RPM)
• Canada Electric Motor Top Companies Market Share
• Canada Electric Motor Competitive Benchmarking By Technical and Operational Parameters
• Canada Electric Motor Company Profiles
• Canada Electric Motor Key Strategic Recommendations

Market Segmentation:

The report provides a detailed analysis of the following market segments:

By Motor Type

• Alternate Current (AC) Motor
• Direct Current (DC) Motor
• Hermetic Motor

By Voltage Range

• 9 V & Below
• 10-20 V
• 21-60 V
• 60 V & Above

By Application

• Industrial Machinery
• Motor Vehicles
• Heating
• Ventilating
• And Cooling (HVAC) Equipment
• Aerospace & Transportation
• Household Appliances
• Other

By Speed (RPM)

• Low-Speed Electric Motors (Less Than 1,000 RPM)
• Medium-Speed Electric Motors (1,001-25,000 RPM)
• High-Speed Electric Motors (25,001-75,000 RPM
• Ultrahigh-Speed Electric Motors (Greater Than 75,001 RPM)