Canada Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Canadian Energy Sector Outlook and the market is segmented by Power Generation Source (Renewables, Natural Gas, Nuclear, Coal, Oil, and Other Power Generation Sources), Transmission and Distribution, and End User (Residential, Commercial, and Industrial).

Canada Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Canada Power Market Size

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Canada Power Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 8.50 %
Market Concentration Low

Major Players

Canada Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Canada Power Market Analysis

The Canada Power Market is expected to register a CAGR of greater than 8.5% during the forecast period.

  • The renewables segment is expected to show a considerable elevation in its growth in the coming years.
  • The consistently growing electricity demand in the transportation and hydrogen production areas creates ample opportunities for the power sector. The drift toward the electrification of transportation is expected to have a positive impact on electricity consumption in the evolving scenario. Further, hydrogen production, which requires electricity for the electrolysis process, will also be a contributor, as the country is also working on hydrogen technology development.
  • Industrial sector growth is anticipated to steer the electricity demand in the near future due to the constantly growing construction and manufacturing industry.

Canada Power Industry Overview

The Canadian power market is fragmented. Some of the key players include TC Energy Corporation, Ontario Power Generation, Enbridge Inc., Electricite de France SA, and Engie SA.

Canada Power Market Leaders

  1. TC Energy Corporation

  2. Ontario Power Generation

  3. Enbridge Inc.

  4. Electricite de France SA

  5. Engie SA

  6. *Disclaimer: Major Players sorted in no particular order
Canada Power Market Concentration
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Canada Power Market News

  • Kineticor Resource is currently developing a combined cycle gas turbine (CCGT) power plant in Edson, Alberta, called as Cascade CCGT power plant. The 900MW power plant got its construction started in 2020, with an estimated investment plan of USD 1 billion. The project is to be completed in two phases by the end of 2022.
  • In January 2022, Canada planned a new utility-scale solar power project, Fox Coulee Solar Project, in Alberta. The 85.6MW solar PV power project will be developed by Aura Power Developments and Subra GP in a single phase. Its construction is expected to commence in 2022, and it is expected to be in service by 2023.

Canada Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Power Generation Source
    • 5.1.1 Renewables
    • 5.1.2 Natural Gas
    • 5.1.3 Nuclear
    • 5.1.4 Coal
    • 5.1.5 Oil
    • 5.1.6 Other Power Generation Sources
  • 5.2 Transmission and Distribution
  • 5.3 End User
    • 5.3.1 Residential
    • 5.3.2 Commercial
    • 5.3.3 Industrial

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 TC Energy Corporation
    • 6.3.2 Ontario Power Generation
    • 6.3.3 Enbridge Inc.
    • 6.3.4 Electricite de France SA
    • 6.3.5 Engie SA
    • 6.3.6 AltaLink
    • 6.3.7 Hydro One Ltd
    • 6.3.8 Enmax Corp.
    • 6.3.9 Transalta Corporation
    • 6.3.10 ATCO Ltd.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Canada Power Industry Segmentation

The Canadian power market report includes:

Power Generation Source Renewables
Natural Gas
Nuclear
Coal
Oil
Other Power Generation Sources
End User Residential
Commercial
Industrial
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Canada Power Market Research FAQs

What is the current Canada Power Market size?

The Canada Power Market is projected to register a CAGR of greater than 8.5% during the forecast period (2025-2030)

Who are the key players in Canada Power Market?

TC Energy Corporation, Ontario Power Generation, Enbridge Inc., Electricite de France SA and Engie SA are the major companies operating in the Canada Power Market.

What years does this Canada Power Market cover?

The report covers the Canada Power Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Canada Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Canada Electricity Industry Report

Statistics for the 2025 Canada Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.