Canada Renewable Energy Market Summary, Competitive Analysis and Forecast to 2027
Summary
Renewable Energy in Canada industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The renewable energy market consists of the net generation of electricity through renewable sources. It is divided into five segments, these being hydroelectricity, wind energy, solar, biomass, and geothermal. The volume of the market is calculated as the net volume of electricity produced through renewable means. The value of the industry is the amount of electricity produced multiplied by the wholesale price data for electricity generation.
- The Canadian renewable energy market had total revenues of $31.3 billion in 2022, representing a compound annual growth rate (CAGR) of 0.7% between 2017 and 2022.
- Market production volume increased with a CAGR of 0.6% between 2017 and 2022, to reach a total of 435,285.9 GWh in 2022.
- Canada captured a share of 27.3% in the North American renewable energy market in 2022.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the renewable energy market in Canada
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the renewable energy market in Canada
- Leading company profiles reveal details of key renewable energy market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Canada renewable energy market with five year forecasts
- What was the size of the Canada renewable energy market by value in 2022?
- What will be the size of the Canada renewable energy market in 2027?
- What factors are affecting the strength of competition in the Canada renewable energy market?
- How has the market performed over the last five years?
- What are the main segments that make up Canada's renewable energy market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strengths and weaknesses do leading players have?
- 7.3. Which companies are responsible for the most significant renewable projects under development?
- 8 Company Profiles
- 8.1. BC Hydro
- 8.2. Hydro-Quebec
- 8.3. Ontario Power Generation Inc.
- 8.4. TransAlta Corporation
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Canada renewable energy market value: $ million, 2017–22
- Table 2: Canada renewable energy market volume: GWh, 2017–22
- Table 3: Canada renewable energy market category segmentation: % share, by value, 2017–2022
- Table 4: Canada renewable energy market category segmentation: $ million, 2017-2022
- Table 5: Canada renewable energy market geography segmentation: $ million, 2022
- Table 6: Canada renewable energy market value forecast: $ million, 2022–27
- Table 7: Canada renewable energy market volume forecast: GWh, 2022–27
- Table 8: BC Hydro: key facts
- Table 9: BC Hydro: Key Employees
- Table 10: Hydro-Quebec: key facts
- Table 11: Hydro-Quebec: Key Employees
- Table 12: Ontario Power Generation Inc.: key facts
- Table 13: Ontario Power Generation Inc.: Key Employees
- Table 14: TransAlta Corporation: key facts
- Table 15: TransAlta Corporation: Annual Financial Ratios
- Table 16: TransAlta Corporation: Key Employees
- Table 17: Canada size of population (million), 2018–22
- Table 18: Canada gdp (constant 2005 prices, $ billion), 2018–22
- Table 19: Canada gdp (current prices, $ billion), 2018–22
- Table 20: Canada inflation, 2018–22
- Table 21: Canada consumer price index (absolute), 2018–22
- Table 22: Canada exchange rate, 2018–22
- List of Figures
- Figure 1: Canada renewable energy market value: $ million, 2017–22
- Figure 2: Canada renewable energy market volume: GWh, 2017–22
- Figure 3: Canada renewable energy market category segmentation: $ million, 2017-2022
- Figure 4: Canada renewable energy market geography segmentation: % share, by value, 2022
- Figure 5: Canada renewable energy market value forecast: $ million, 2022–27
- Figure 6: Canada renewable energy market volume forecast: GWh, 2022–27
- Figure 7: Forces driving competition in the renewable energy market in Canada, 2022
- Figure 8: Drivers of buyer power in the renewable energy market in Canada, 2022
- Figure 9: Drivers of supplier power in the renewable energy market in Canada, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the renewable energy market in Canada, 2022
- Figure 11: Factors influencing the threat of substitutes in the renewable energy market in Canada, 2022
- Figure 12: Drivers of degree of rivalry in the renewable energy market in Canada, 2022
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