Canada Distributed Solar Power Generation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Canada distributed solar power generation market is expected to grow at a CAGR of more than 12% during the forecast period of 2020 – 2025. Factors such as rising environmental concerns and high cost of grid expansion are expected to be major drivers driving the market. Also, advancements in technology leading to solar panel manufacturing cost reduction and an increase in efficiency have been the major factors for the growth of Canada's distributed solar power generation market. However, widespread usage of alternative energy sources for distributed power generation in the country is expected to hinder the growth of the market.
Key HighlightsCanada distributed solar power generation market is partially fragmented with a lot of big and small players operating in the market. Some of the major companies are Polaron Solartech Corp, Grasshopper Solar Corporation, Canadian Solar Inc. Ltd, EDF Renewables Canada Inc., and LONGi Green Energy Technology Co., Ltd.
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