Forecast: Value Added of Electricity, Gas, Steam and Air Conditioning Supply in Canada

As of 2023, the actual value added of the Electricity, Gas, Steam, and Air Conditioning Supply sector in Canada stood at approximately 48.25 billion Canadian Dollars. The forecast from 2024 to 2028 shows a steady growth in this sector, increasing from 49.13 billion Canadian Dollars in 2024 to 52.69 billion Canadian Dollars in 2028. This indicates a year-on-year growth rate of around 1.85% for 2024-2025, 1.80% for 2025-2026, 1.73% for 2026-2027, and 1.68% for 2027-2028.

Future trends to watch for include:

  • The impact of technological advancements on sector efficiency and value generation.
  • Shifts in government policy regarding renewable energy sources and their integration.
  • The influence of global energy market dynamics on local supply and pricing.

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