The historical data shows consistent growth in hydroelectric power generation at public electric utilities in Canada from 2013 to 2023, with an overall increase in value from 31.899 million kilowatts in 2013 to 49.65 million kilowatts in 2023. The year-on-year growth peaked at 13.22% in 2015 and experienced a dip in 2020 with a -2.47% variation, likely influenced by external factors. Recent years, particularly from 2021-2023, maintained lower yet stable growth rates, with a CAGR of 2.55% over the last five years.
Future trends suggest a forecasted growth to 55.597 million kilowatts by 2028, with an average annual growth rate (CAGR) of 1.76%. This indicates a slower but steady increase in hydroelectric power generation, reflecting maturity in the market and the potential impacts of regulatory, environmental, and technological changes. Key trends to watch for include the adoption of more sustainable practices, technological advancements in power generation, and potential shifts in energy policy to address climate change objectives.