Canada Distributed Energy Generation Market Size & Outlook
Canada distributed energy generation market, 2016-2027 (US$M)
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Canada distributed energy generation market highlights
- The Canada distributed energy generation market generated a revenue of USD 5,144.9 million in 2019 and is expected to reach USD 11,666.6 million by 2027.
- The Canada market is expected to grow at a CAGR of 10.8% from 2020 to 2027.
- In terms of segment, solar photovoltaic was the largest revenue generating technology in 2019.
- Solar Photovoltaic is the most lucrative technology segment registering the fastest growth during the forecast period.
Distributed energy generation market data book summary
| Market revenue in 2019 | USD 5,144.9 million |
| Market revenue in 2027 | USD 11,666.6 million |
| Growth rate | 10.8% (CAGR from 2019 to 2027) |
| Largest segment | Solar photovoltaic |
| Fastest growing segment | Solar Photovoltaic |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Wind Turbine, Reciprocating Engines, Fuel Cells, Solar Photovoltaic, Gas & Steam Turbines |
| Key market players worldwide | Vestas Wind Systems A/S, Caterpillar Inc, Ballard Power Systems Inc, Rolls-Royce Holdings PLC, GE Aerospace, Siemens AG, Schneider Electric SE, Sharp Corp, First Solar Inc, Mitsubishi Electric Corp, Toyota Motor Corp, Doosan Heavy Industries & Construction, Suzlon Energy, Capstone Green Energy, ENERCON |
Other key industry trends
- In terms of revenue, Canada accounted for 2.1% of the global distributed energy generation market in 2019.
- Country-wise, China is expected to lead the global market in terms of revenue in 2027.
- In North America, U.S. distributed energy generation market is projected to lead the regional market in terms of revenue in 2027.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 14,720.6 million by 2027.
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Distributed Energy Generation Market Scope
Distributed Energy Generation Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada distributed energy generation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to distributed energy generation market will help companies and investors design strategic landscapes.
Solar photovoltaic was the largest segment with a revenue share of 53.06% in 2019. Horizon Databook has segmented the Canada distributed energy generation market based on wind turbine, reciprocating engines, fuel cells, solar photovoltaic, gas & steam turbines covering the revenue growth of each sub-segment from 2016 to 2027.
Canada accounted for second largest markets share for distributed energy generation in North American region and is projected to grow at a CAGR of 9.8% by volume over the forecast period. Solar energy is considered as one of the rapidly growing sources of electricity generation in Canada.
DEG market in Canada is primarily driven by support received from government in the form of subsidiaries and facilities. These factors are expected to drive the DEG market in Canada.
Most provincial and territorial governments in Canada have established policies aimed at simplifying the regulatory framework for customers that want to invest in their own renewable energy micro-generation as a part of their overall energy conservation measures and to reduce their electricity bills which is expected to boost the DEG market in this country.
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Our clientele includes a mix of distributed energy generation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada distributed energy generation market , including forecasts for subscribers. This country databook contains high-level insights into Canada distributed energy generation market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Canada distributed energy generation market size, by technology, 2016-2027 (US$M)
Canada Distributed Energy Generation Market Outlook Share, 2019 & 2027 (US$M)
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