The Canada Electric Motor market is expected to exceed USD 6.00 Billion by 2029, fueled by the worldwide shift towards electrification.
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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.
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