Electrical Equipment Wholesaling in Canada - Industry Market Research Report

Electrical Equipment Wholesaling in Canada - Industry Market Research Report

Electrical Equipment Wholesaling in Canada

Over the five years to 2023, revenue for the Canadian Electrical Equipment Wholesaling industry will increase, driven by modest growth in the number of businesses, the number of fixed broadband connections, construction work and consumer spending. Electrical equipment wholesalers distribute electrical materials, such as wiring supplies, electric light fixtures, light bulbs, security systems and electrical power equipment. Since most of these items are essential components in construction and manufacturing, industry revenue tends to ebb and flow with the overall health of these two sectors. Disruptions to downstream demand due to the COVID-19 pandemic contributed to a fall in industry revenue; still, improving economic conditions continue to raise industry performance. Electrical Equipment Wholesaling industry revenue has been expanding at a CAGR of 1.8% over the past five years and is expected to total $25.8 billion in 2023, when revenue will jump by an estimated 0.3%. Despite increasing revenue, profit will drop amid elevated costs.

The Electrical Equipment Wholesaling industry in Canada distributes electrical construction materials, wiring supplies, electric light fixtures, light bulbs, security systems and electrical power equipment for the generation, transmission, distribution or control of electric energy (e.g. switchboards, circuit breakers, switches and fuses). This industry does not wholesale electronic components.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.