The Gross Value Added (GVA) of the Electricity, Gas, Steam, and Air Conditioning Supply sector in Canada is forecasted to increase steadily from 2024 to 2028. From an actual GVA of CAD 49.40 billion in 2023, projections indicate growth to CAD 52.93 billion by 2028. Year-over-year growth rates between 2024 and 2028 depict gradual increases around 1.4% to 1.5%. The compound annual growth rate (CAGR) over this five-year forecasted period averages approximately 1.4%, illustrating consistent expansion in this sector.

Future trends to watch for include:

Increasing investments in renewable energy technologies, likely influencing sector growth.
The impact of governmental policies on carbon emissions might further shape operational costs and efficiencies.
Technological advancements in energy efficiency that could lead to shifts in GVA dynamics.
Potential fluctuations in global energy markets affecting input costs and pricing structures.