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

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