IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Electrical Equipment Manufacturing in Canada Industry Data and Analysis
Over the past five years, the Canadian electrical equipment manufacturing industry has proven its resilience amid fluctuating macroeconomic conditions, evolving energy demands and a growing emphasis on renewable power. The inelastic need for electricity in households has sustained stable demand for electrical components, insulating manufacturers from severe downturns even as business spending showed more volatility. Investment in smart grid technologies, energy-efficient products and advanced grid infrastructure has helped manufacturers adapt, while heightened industrial activity and construction growth have supported steady sales. Revenue has been expanding at a CAGR of 5.3% and is expected to reach $8.0 billion in 2026, when revenue will rise by an estimated 0.5%.
Access this data your way
The Electrical Equipment Manufacturing in Canada Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Electrical Equipment Manufacturing industry in Canada includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released February 2026.
About this industry
What's this industry report about?
The Electrical Equipment Manufacturing industry in Canada operates under the NAICS industry code 33531CA. Canada's Electrical Equipment Manufacturing 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. Related terms covered in the Electrical Equipment Manufacturing industry in Canada include transformer, generator, disintermediation and offshoring.
What's included in this industry?
Products and services covered in Electrical Equipment Manufacturing industry in Canada include Motors and generators , Switchgears, switchboards, relays and industrial controls and Power, distribution and specialty transformers .
What companies are included in this industry?
The Electrical Equipment Manufacturing industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Electrical Equipment Manufacturing industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Electrical Equipment Manufacturing industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Electrical Equipment Manufacturing industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Electrical Equipment Manufacturing industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Electrical Equipment Manufacturing industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Electrical Equipment Manufacturing industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Electrical Equipment Manufacturing industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Electrical Equipment Manufacturing industry in Canada.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Electrical Equipment Manufacturing industry in Canada in 2026?
The market size of the Electrical Equipment Manufacturing industry in Canada is $8.0bn in 2026.
How many businesses are there in the Electrical Equipment Manufacturing industry in Canada in 2026?
There are 484 businesses in the Electrical Equipment Manufacturing industry in Canada, which has declined at a CAGR of 0.0 % between 2021 and 2026.
How may import tariffs affect the Electrical Equipment Manufacturing industry in Canada?
The Electrical Equipment Manufacturing industry in Canada is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Electrical Equipment Manufacturing industry in Canada?
The Electrical Equipment Manufacturing industry in Canada is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Electrical Equipment Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Electrical Equipment Manufacturing industry in Canada has been growing at a CAGR of 5.3 % between 2021 and 2026.
What is the forecast growth of the Electrical Equipment Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Electrical Equipment Manufacturing industry in Canada is expected to grow.
What does the Electrical Equipment Manufacturing industry in Canada include?
Switchgear, switchboard, relay and industrial control manufacturing and Motor and generator manufacturing are part of the Electrical Equipment Manufacturing industry in Canada.
How competitive is the Electrical Equipment Manufacturing industry in Canada?
The level of competition is high and increasing in the Electrical Equipment Manufacturing industry in Canada.
Cut through the noise with intelligence you can trust
