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.