Powered up: A weak Canadian dollar will entice foreign buyers to purchase from industry operators

Over the five years to 2019, revenue for the Electrical Equipment Manufacturing industry in Canada is expected to fluctuate. Industry operators rely on demand from downstream industries in the construction and manufacturing sectors. However, domestic demand has consistently been threatened by growing import penetration. Countries such as Mexico and China can produce similar products at a much lower cost, which in turn, lowers the price for end users. Bereft of domestic demand, operators have pursued growth abroad. Electrical equipment manufacturers have responded to the rising threat of import penetration with some consolidation, which has enabled them to cut costs, including labour, and close underperforming manufacturing facilities...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 14-19
2.9%
Forecast Growth 19-24
Profit
Employment
14,538
Businesses
507

Industry Threats & Opportunities

  • Electrical equipment manufacturers have responded to the rising threat of import penetration with some consolidation
  • Downstream construction markets have been troublesome for operators
  • Exports will wane amid an expected appreciation of the Canadian dollar
  • Industry Report - Industry SWOT Analysis Chapter

    The Electrical Equipment Manufacturing industry in Canada is in the mature stage of its life cycle, characterized by consolidation activity, static product offerings and relatively fixed markets. Over the 10 years to 2024, industry value added (IVA), which measures an industry's contribution to Canadian GDP, is projected to increase at an annualized rate of 0.7%. Comparatively, Canada's GDP is expected to increase at an annualized rate of 1.7%. The industry's lacklustre IVA forecast is dictated by its shrinking share of the domestic market as import competition rises and its stable and clearly segmented product lines that limit new market opportunities. Des...purchase to read more.

    Additional Insights for the Electrical Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Electrical Equipment Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Access to high quality inputs
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Canadian effective exchange rate index and Industrial capacity utilization in the Electrical Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Electrical Equipment Manufacturing Industry?

    This industry manufactures power, distribution and specialty transformers; electric motors, generators and motor-generator sets; switchgear and switchboard apparatus; relays; and industrial controls. Electrical equipment manufacturers distribute their products to other manufacturing industries, wholesalers and the construction industry.

    Industry Products
  • Motors and generators
  • Switchgears, switchboards, relays and industrial controls
  • Power, distribution and specialty transformers
  • Industry Activities
  • Switchboard apparatus
  • Motor and generator
  • Relay
  • Industrial controls
  • Power, distribution and specialty transformer
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Canadian effective exchange rate index
  • Industrial capacity utilization
  • Value of nonresidential construction
  • Value of residential construction
  • Electric power consumption

  • Current Performance
  • International trade
  • Demand dynamics
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream demand
  • International trade
  • Table: Electrical Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Electrical Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Heavy Engineering Construction in Canada
  • Construction Machinery Manufacturing in Canada
  • Semiconductor Machinery Manufacturing in Canada
  • Printing, Paper, Food, Textile & Other Machinery Manufacturing in Canada
  • Engine & Turbine Manufacturing in Canada

  • Key Selling Industries
  • Iron & Steel Manufacturing in Canada
  • Screw, Nut & Bolt Manufacturing in Canada
  • Wire & Spring Manufacturing in Canada

  • Products & Services
  • Switchgears, switchboards, relays and industrial controls
  • Power, distribution and specialty transformers
  • Motors and generators
  • Chart: Electrical Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Utilities
  • Wholesalers
  • Downstream manufacturers
  • Retailers and all other
  • Chart: Major Market Segmentation for the Electrical Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesAdditional expenses
  • Chart: Cost Structure Benchmarking – Sector vs Electrical Equipment Manufacturing

  • Basis of Competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Electrical Equipment Manufacturing Industry

  • Industry Globalization
    Schneider Electric SE, General Electric Company,
  • Table: Schneider Electric SE - financial performance
  • Table: General Electric Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Electrical Equipment Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Electrical Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Electric power consumption (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Generator
  • An engine that converts mechanical energy into electrical energy by electromagnetic induction.
  • Offshoring
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Transformer
  • An electrical device by which alternating current of one voltage is changed to another voltage.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Electrical Equipment Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Electrical Equipment Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Electrical Equipment Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Electrical Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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