From 2013 to 2023, the Electricity, Gas, Steam, and Air Conditioning Supply output in Canada has shown a consistent upward trend, rising from CAD 48.56 billion in 2013 to CAD 60.96 billion in 2023. The year-on-year variations demonstrate periods of robust growth such as in 2014 (5.11%) and 2018 (4.08%), and slight declines such as in 2020 (-0.99%). The Compound Annual Growth Rate (CAGR) also reflects this variability, peaking in earlier years but tapering off to around 1.37% for the period leading up to 2023.

The forecast for 2024 to 2028 continues this uptrend, with the supply output expected to rise to CAD 65.82 billion in 2028, representing a forecasted five-year CAGR of 1.22%. This indicates sustained but modest growth.

Future trends to watch for:

Potential advancements in renewable energy sources impacting the traditional supply output.
Regulatory changes and environmental policies influencing the industry landscape.
Technological innovations, such as smart grids and IoT integration, potentially driving efficiency and growth.
Market demand fluctuations driven by economic conditions and population growth.