Canada Renewable Energy Market Size & Outlook, 2025-2033
Related Markets
Canada renewable energy market highlights
- The Canada renewable energy market generated a revenue of USD 95.5 billion in 2024 and is expected to reach USD 276.9 billion by 2033.
- The Canada market is expected to grow at a CAGR of 13.5% from 2025 to 2033.
- In terms of segment, hydropower was the largest revenue generating product in 2024.
- Solar is the most lucrative product segment registering the fastest growth during the forecast period.
Renewable energy market data book summary
| Market revenue in 2024 | USD 95.5 billion |
| Market revenue in 2033 | USD 276.9 billion |
| Growth rate | 13.5% (CAGR from 2025 to 2033) |
| Largest segment | Hydropower |
| Fastest growing segment | Solar |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Hydropower, Wind, Solar, Bioenergy |
| Key market players worldwide | ABB Ltd, Acciona SA, Enel SpA, Haier Smart Home Co Ltd ADR, Innergex Renewable Energy Inc, Invenergy, Schneider Electric SE, Siemens Gamesa Renewable Energy, Suzlon Energy, Tata Power Renewable Energy |
Other key industry trends
- In terms of revenue, Canada accounted for 6.3% of the global renewable energy market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. renewable energy market is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 276.9 billion by 2033.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Renewable Energy Market Scope
Renewable Energy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Invenergy | View profile | 1001-5000 | Chicago, Illinois, United States, North America | https://invenergy.com |
| Innergex Renewable Energy Inc | View profile | 602 | 1225 Saint-Charles Street West, 10th Floor, Longueuil, QC, Canada, J4K 0B9 | https://www.innergex.com |
| Siemens Gamesa Renewable Energy | View profile | 10001+ | Zamudio, Pais Vasco, Spain, Europe | https://www.siemensgamesa.com/en-int |
| Tata Power Renewable Energy | View profile | 251-500 | Mumbai, Maharashtra, India, Asia | https://www.tatapowerrenewables.com |
| Suzlon Energy | View profile | 10001+ | Pune, Maharashtra, India, Asia | http://suzlon.com/ |
| Enel SpA | View profile | 60905 | Viale Regina Margherita, 137, Rome, Italy, 00198 | https://www.enel.com |
| Acciona SA | View profile | 57843 | Avenida de Europa 18, Parque Empresarial La Moraleja, Alcobendas, Madrid, Spain, 28108 | https://www.acciona.com |
| Haier Smart Home Co Ltd ADR | View profile | 112458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | https://smart-home.haier.com/cn |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
Canada renewable energy 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 renewable energy market will help companies and investors design strategic landscapes.
Hydropower was the largest segment with a revenue share of 41.99% in 2024. Horizon Databook has segmented the Canada renewable energy market based on hydropower, wind, solar, bioenergy covering the revenue growth of each sub-segment from 2021 to 2033.
Reasons to subscribe to Canada renewable energy market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Canada renewable energy market databook
-
Our clientele includes a mix of renewable energy market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada renewable energy market , including forecasts for subscribers. This country databook contains high-level insights into Canada renewable energy market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Canada Product - Renewable Energy Market size, 2024 - 2033 (US$B)
Canada Renewable Energy Market Outlook Share, 2024 & 2033 (US$B)
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
