Canada Electric Motor Market Overview, 2029

Canada Electric Motor Market Overview, 2029

Electric motor use in Canada's industrial sector is substantial. Manufacturing, mining, oil and gas, forestry, and agriculture are just a few of the industrial uses for these motors. In these industries, automation, increased efficiency, and the requirement for dependable machinery operation are the main drivers of the demand for electric motors. The Canadian market for electric motors is impacted by strict energy efficiency laws. Industry, commerce, and residential applications are encouraged to use high-efficiency electric motors thanks to standards like the Canadian Energy Efficiency Regulations and initiatives like Energy Star. Both conventional and electric cars made in the nation depend heavily on electric motors, which are produced by a robust automotive sector. Additionally affecting the global market is the increased interest in electric and hybrid automobiles. In Canada, electric motors are vital parts of the HVAC (heating, ventilation, and air conditioning) systems found in homes, offices, and public spaces. The need for electric motors in these applications is fueled in part by Canada's expanding renewable energy industry. The Canadian market is seeing a rise in the use of innovations including permanent magnet motors, brushless DC motors, and sophisticated motor control systems. In Canada, lowering energy consumption and greenhouse gas emissions across numerous sectors has become more important due to the country's aim for environmental sustainability. Canada's market dynamics may be impacted by supply chain interruptions and variations in the price of raw materials, which are consistent with worldwide patterns. Energy-intensive businesses and sectors shifting to low-carbon technologies are notably affected by government policies and incentives, such as tax credits, rebates, and grants, which have an impact on the adoption of electric motors.

According to the research report “Canada Electric Motor Market Overview, 2029,"" published by Bonafide Research, the Canada Electric Motor market is expected to reach a market size of more than USD 6.00 Billion by 2029. The global movement to lessen reliance on fossil fuels and greenhouse gas emissions is hastening the uptake of electric and hybrid automobiles. Canada is leading the way in this shift, with both the federal and local governments putting regulations in place to encourage the use of electric vehicles (EVs).The need for electric motors used in air conditioning compressors, power steering, vehicle propulsion systems, and other auxiliary systems is directly impacted by the expansion of the electric vehicle industry. The automotive industry's need for electric motors is predicted to grow dramatically as more drivers and fleets switch to electric cars. Automation technologies are becoming more and more important to Canadian sectors as a means of boosting production, efficiency, and competitiveness. Electric motors, which power gear and equipment in the mining, manufacturing, and other industries, are essential to industrial automation. High-efficiency electric motor adoption is being driven by strict federal and provincial energy efficiency laws and requirements in a variety of sectors. The emphasis on energy efficiency in industrial processes, HVAC systems, and buildings leads to the replacement of older, less efficient motors with modern, high-efficiency kinds. Renewable energy sources such as hydroelectricity, wind, solar power, and biomass abound in Canada. Electric motors must be used in a variety of renewable energy producing technologies due to the industry's rapid expansion. The market is driven by research and development endeavors aimed at augmenting control capabilities, decreasing weight and size, and boosting motor efficiency. These efforts broaden the potential applications of electric motors in conventional and developing industries.

In recognition of their affordability, ease of use, and dependability, alternating current (AC) motors are extensively employed in a wide range of commercial, industrial, and domestic applications. In Canada, AC motors are widely used in many industries, including manufacturing, mining, construction, and agriculture, for machinery such as conveyor systems, pumps, compressors, fans, and HVAC systems. There are several varieties of AC motors, such as wound rotor motors, synchronous motors, and induction motors. These motors are suitable for certain applications depending on their operating requirements and performance attributes. Applications needing strong starting torque, variable speed operation, and accurate speed control choose DC (direct current) motors. They are often utilized in robotics, automotive systems, industrial automation, and renewable energy applications. DC motors are used in many different industries in Canada, including manufacturing, automotive, aerospace, marine, and renewable energy. They find use in equipment, electric cars, winches, elevators, cranes, conveyors, and renewable energy systems such as wind turbine yaw mechanisms and solar trackers. Electric motors that are sealed and intended for operation in conditions where exposure to dust, moisture, and other impurities is a problem are known as hermetic motors. They are frequently utilized in HVAC applications such as air conditioning and refrigeration. Hermetic motors are essential parts of air compressors, chillers, refrigeration systems, and other HVACR (heating, ventilation, air conditioning, and refrigeration) equipment used in commercial, industrial, and residential settings in Canada.

Alongside voltage ratings as high as 1 kV are often employed in a variety of light industrial, commercial, and residential applications. This voltage range of motors is used in low-power applications such as blowers, pumps, fans, office equipment, small machines, and appliances in Canada. Small-scale industrial activities, HVAC systems, water and wastewater treatment facilities, and residential and commercial construction are some of the industries driving the demand for motors in this voltage range. The Canadian market for motors up to 1 kV is driven by energy efficiency laws, developments in motor design, and the demand for dependable and affordable motor solutions. Manufacturing, mining, oil and gas, utilities, and infrastructure projects are just a few of the medium-to-large industrial sectors that frequently employ electric motors with voltage ratings between 1 kV and 6.6 kV. In Canada, machines, pumps, compressors, conveyors, fans, and other equipment needing higher power output and voltage ratings use motors in this voltage range. The expansion of industrial sectors including mining, manufacturing, oil and gas extraction, and utilities is what is driving the need for motors in this voltage range. Large-scale infrastructure initiatives in the fields of energy, building, and transportation further increase the need for motors operating in this voltage range. Power generation, transmission, distribution, and large-scale industrial applications are the usual uses for electric motors with voltage ratings higher than 6.6 kV. Large infrastructure projects including hydroelectric dams and power plants, as well as heavy industries like mining, metals processing, pulp and paper, and petrochemicals, use motors in this voltage range in Canada. Pumps, compressors, fans, generators, and other equipment in power producing facilities are all driven by motors with voltages greater than 6.6 kV. In industrial contexts, they are also utilized in high-capacity material handling machinery like cranes and conveyor belts.

All kinds of motor vehicles in Canada, including trucks, buses, commercial vehicles, passenger automobiles, and specialty vehicles, require electric motors as a necessary component. Government incentives for the adoption of electric cars, emission-reduction laws, and customer preferences for vehicles that are both fuel-efficient and environmentally friendly are some of the reasons that drive the demand for electric motors in the automotive industry. Electric motors are a major source of power for the machinery and equipment used in Canada's manufacturing, mining, forestry, construction, and other industries. Machine tools, pumps, compressors, conveyors, mixers, agitators, extruders, and other industrial gear all require electric motors as essential parts. For material handling, production operations, and other industrial uses, they supply motive power. In Canada, heating, ventilation, and air conditioning (HVAC) systems are widely utilized to maintain interior comfort and air quality in residential, commercial, institutional, and industrial buildings. Fans, blowers, pumps, compressors, and actuators are among the HVAC system components that are powered by electric motors. They play a crucial role in air circulation, humidity and temperature control, and the distribution of heating and cooling in buildings. Electrical equipment found in Canadian homes, workplaces, retail stores, and industrial environments frequently use electric motors. Power tools, fans, pumps, vacuum cleaners, washing machines, dishwashers, refrigerators, and other appliances are among the many items they may power. The motive force for these appliances' pumping, compressing, spinning, and moving of materials or fluids comes from electric motors. In these industries, electric motors are employed in a wide range of applications, from automated production systems and medical imaging equipment to propulsion and actuation systems.

Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Electric Motor market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Motor Type
• AC Motor
• DC Motor
• Hermetic Motors

By Voltage
• Up to 1 kV
• 1 kV-6.6 kV
• Above 6.6 kV

By Application
• Motor Vehicles
• Industrial Machinery
• HVAC Equipment
• Electrical Appliances
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Electric Motor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.