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: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Canada Transformer market currently, in 2023, has witnessed an HHI of 2482, Which has increased slightly as compared to the HHI of 2217 in 2017. The market is moving towards moderately competitive. 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 fewer numbers of players or countries exporting in the market.
Canada Transformer Market is projected to grow over the coming years. Canada Transformer Market report is a part of our periodical regional publicationย 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 titledย 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.
The Government of Canada is investing $867 million to help support the countryโs 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 Canadaโs 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 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.
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.ย
Theย reportย provides a detailed analysis of the following Market segments:
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 |