The value added of the electricity, gas, steam, and air conditioning supply sector in Canada is forecasted to grow steadily from 2024 to 2028. In 2023, the value stood at 49.54 Billion Canadian Dollars. Year-on-year growth rates from 2024 to 2028 are approximately 2.27%, 2.26%, 2.24%, and 2.07%, respectively. The compound annual growth rate (CAGR) between 2024 and 2028 is approximately 2.21%, reflecting a consistent positive trend in this industry.
Future trends to watch for in this sector include:
- Increased investments in renewable energy sources, which may impact traditional supply modes.
- The adoption of smart grid technologies, enhancing efficiency and service delivery.
- Regulatory changes and policy shifts aimed at reducing carbon emissions.
- Fluctuating energy prices due to global supply chain dynamics and geopolitical tensions.
