This industry profile provides a five-year forecast for Canada’s electrical equipment industry.
Canadian Industrial Profile: Electrical Equipment—Winter 2018
Canadian Industrial Profile: Electrical Equipment—Winter 2018
Industry Economic Analysis
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Housing Starts—Canadian housing starts, a key supporter of electrical equipment, are expected to decline in 2018 and 2019 as the housing market cools.
Input Prices—Metals prices surged in 2017 due to strong demand and global supply constraints brought on in part by environmentally driven supply cuts in China. In turn, this raised input costs for electrical equipment manufacturers.
Emerging Markets—As incomes in developing countries rise, the emergence of a new middle class is rapidly boosting demand for electrical products and expanding export possibilities for Canadian firms.
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