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
By Type
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 MentionedAAA 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