Renewable Energy Market in Canada 2022-2026

Renewable Energy Market in Canada 2022-2026

Technavio has been monitoring the renewable energy market in Canada and it is poised to grow by 18.51 GW during 2022-2026, progressing at a CAGR of 3.37% during the forecast period. Our report on the renewable energy market in Canada provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is driven by supportive government policies and increase in number of hydro power projects.

The renewable energy market in Canada analysis includes end-user and type segments.

Technavio's renewable energy market in Canada is segmented as below:

By End-user

  • Industrial
  • Residential
By Type
  • hydropower
  • wind
  • others
This study identifies the rising demand for clean energy sourcesas one of the prime reasons driving the renewable energy market growth in Canada during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on renewable energy market in Canada covers the following areas:
  • Renewable energy market sizing
  • Renewable energy market forecast
  • Renewable energy market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading renewable energy market vendors in Canada that include AAA Canada Inc., Bird Construction Inc., Canadian Solar Inc., HELIENE Inc., Innovative Composite Products Inc., Manitoba Hydro, Smart Wires Inc., The Smart Energy Co., VCT Group Inc., and Vestas Wind Systems AS. Also, the renewable energy market in Canada analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

AAA Canada Inc., Bird Construction Inc., Canadian Solar Inc., HELIENE Inc. , Innovative Composite Products Inc., Manitoba Hydro, Smart Wires Inc., The Smart Energy Co., VCT Group Inc., Vestas Wind Systems AS


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis - Renewable electricity
      • Inputs
      • Electricity generation
      • Electricity transmission
      • Electricity distribution
      • End-users
      • Innovations
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2021 - 2026 (GW)
        • Table Global market: Year-over-year growth 2021 - 2026 (%)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis 2021 & 2026
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2021
  • Market Segmentation by End-user
    • Market segments
      • Table End-user - Market share 2021-2026 (%)
    • Comparison by End-user
      • Table Comparison by End-user
    • Industrial - Market size and forecast 2021-2026
      • Table Industrial - Market size and forecast 2021-2026 (GW)
      • Table Industrial - Year-over-year growth 2021-2026 (%)
    • Residential - Market size and forecast 2021-2026
      • Table Residential - Market size and forecast 2021-2026 (GW)
      • Table Residential - Year-over-year growth 2021-2026 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user
  • Market Segmentation by Type
    • Market segments
      • Table Type - Market share 2021-2026 (%)
    • Comparison by Type
      • Table Comparison by Type
    • Hydropower - Market size and forecast 2021-2026
      • Table Hydropower - Market size and forecast 2021-2026 (GW)
      • Table Hydropower - Year-over-year growth 2021-2026 (%)
    • Wind - Market size and forecast 2021-2026
      • Table Wind - Market size and forecast 2021-2026 (GW)
      • Table Wind - Year-over-year growth 2021-2026 (%)
    • Others - Market size and forecast 2021-2026
      • Table Others - Market size and forecast 2021-2026 (GW)
      • Table Others - Year-over-year growth 2021-2026 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type
  • Customer landscape
    • Table Customer landscape
  • Drivers, Challenges, and Trends
    • Market drivers
      • Supportive government policies
      • Increase in number of hydro power projects
    • Market challenges
      • Competition from fossil fuels
      • Challenges associated with the availability and storage of renewable sources of energy
        • Table Impact of drivers and challenges
    • Market trends
      • Emergence of zero-energy buildings
      • Increasing popularity of hybrid power projects
  • Vendor Landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • AAA Canada Inc.
      • Table AAA Canada Inc. –Overview
      • Table AAA Canada Inc. - Product and service
      • Table AAA Canada Inc. - Key offerings
    • Bird Construction Inc.
      • Table Bird Construction Inc. –Overview
      • Table Bird Construction Inc. - Product and service
      • Table Bird Construction Inc. - Key offerings
    • Canadian Solar Inc.
      • Table Canadian Solar Inc. –Overview
      • Table Canadian Solar Inc. - Business segments
      • Table Canadian Solar Inc. - Key offerings
      • Table Canadian Solar Inc. - Segment focus
    • HELIENE Inc.
      • Table HELIENE Inc. –Overview
      • Table HELIENE Inc. - Product and service
      • Table HELIENE Inc. - Key offerings
    • Innovative Composite Products Inc.
      • Table Innovative Composite Products Inc. –Overview
      • Table Innovative Composite Products Inc. - Product and service
      • Table Innovative Composite Products Inc. - Key offerings
    • Manitoba Hydro
      • Table Manitoba Hydro – Overview
      • Table Manitoba Hydro - Business segments
      • Table Manitoba Hydro - Key offerings
      • Table Manitoba Hydro - Segment focus
    • Smart Wires Inc.
      • Table Smart Wires Inc. –Overview
      • Table Smart Wires Inc. - Product and service
      • Table Smart Wires Inc. - Key offerings
    • The Smart Energy Co.
      • Table The Smart Energy Co. –Overview
      • Table The Smart Energy Co. - Product and service
      • Table The Smart Energy Co. - Key offerings
    • VCT Group Inc.
      • Table VCT Group Inc. –Overview
      • Table VCT Group Inc. - Product and service
      • Table VCT Group Inc. - Key offerings
    • Vestas Wind Systems AS
      • Table Vestas Wind Systems AS – Overview
      • Table Vestas Wind Systems AS - Business segments
      • Table Vestas Wind Systems AS - Key offerings
      • Table Vestas Wind Systems AS - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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