Canada Distributed Solar Power Generation Market Size | 2031

Segments - Canada Distributed Solar Power Generation Market by End-users (Households, Industries, and Commercial Centers) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Swapnil Hedau

Report Description

The Canada distributed solar power generation market size was valued at USD XX Billion in 2022 and is projected to reach USD XX Billion by 2031, expanding at a CAGR of 12% during the forecast period, 2023 – 2031. The growth of the market is attributed to the growing awareness and concerns about the environment and sustainable future.

It is the personal generation of electricity from solar energy. The energy generated is used directly in households, factories, and commercial areas rather than being routed to a centralized system.

Canada Distributed Solar Power Generation Market Key Takeaways

One of the major drivers for the distributed solar power generation market in the nation is the growing need for clean energy. With almost 66 per cent of electricity produced by hydropower and renewables combined, the nation boasts one of the cleanest electrical networks in the world.

Rooftop solar provides contemporary energy services to homes that previously did not have access to it, lowering power prices on islands and other remote places that rely on oil-fired production, and allowing residents and small companies to generate their electricity.

Commercial and industrial systems are projected to expand the most since they are often less expensive and have a reasonably steady demand profile during the day, allowing for greater power bill savings, depending on the policy plan in place.

After China, Canada is the world's second-largest hydroelectric production. In 2018, the country produced approximately 387.3 TWh of energy with an installed capacity of 81,000 MW of hydropower. Hydropower has been used to generate energy in the nation for over a decade, dating back to before 1900. Over 500 hydropower plants are located throughout the nation.

Hydropower has an advantage over other renewable energy options in the nation because of its dependability in the country's cold and severe weather. The country receives less than 51% of its sunlight and has severe temperatures in the winter, which may reach -40 C with concomitant wind chills, making it unsuitable for wind and solar power generation. As a result, the country's harsh winter weather and increased reliance on hydropower are projected to be the primary constraints for the country's distributed solar power production market over the projection period.

Market Trends, Drivers, Restraints, and Opportunities

Expensive cost of grid expansion is projected to propel the market growth during the forecast period.
Technological improvements that have resulted in lower solar panel manufacturing costs and higher efficiency have been key drivers in the market expansion.
The steady transition away from traditional energy sources like coal and natural gas and toward clean energy is estimated to drive market expansion during the forecast period.
The increasing use of alternative energy sources for distributed power generation in the country is anticipated to stifle market growth in the coming years.

Scope of the Report

The report on the Canada distributed solar power generation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Distributed Solar Power Generation Market - Canada Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	End-users (Households, Industries, and Commercial Centers)
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Polaron Solartech Corp; Grasshopper Solar Corporation; Canadian Solar Inc. Ltd; EDF Renewables Canada Inc.; and LONGi Green Energy Technology Co., Ltd.

Market Segment Insights

Industries segment is projected to account for a major market share

In terms of end-users, the Canada distributed solar power generation market is bifurcated into households, industries, and commercial centers.

The industries segment is expected to account for a key share of the market in the coming years due to many economic benefits, and are evaluating it as a continuous supply of energy to minimize downtimes and equipment damage caused by voltage variations in traditional power networks. On the other hand, the commercial centers segment is anticipated to expand at a rapid pace during the forecast period owing to rising environmental concerns.

Canada Distributed Solar Power Generation Market By End Users

Segments

The Canada distributed solar power generation market has been segmented on the basis of

End-users

Households
Industries
Commercial Centers

Key Players

Polaron Solartech Corp
Grasshopper Solar Corporation
Canadian Solar Inc. Ltd
EDF Renewables Canada Inc.
LONGi Green Energy Technology Co., Ltd.

Competitive Landscape

Key players competing in the Canada distributed solar power generation market include Polaron Solartech Corp; Grasshopper Solar Corporation; Canadian Solar Inc. Ltd; EDF Renewables Canada Inc.; and LONGi Green Energy Technology Co., Ltd.

Canada Distributed Solar Power Generation Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Distributed Solar Power Generation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Distributed Solar Power Generation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Distributed Solar Power Generation Market - Supply Chain
  4.5. Global Distributed Solar Power Generation Market Forecast
     4.5.1. Distributed Solar Power Generation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Distributed Solar Power Generation Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Distributed Solar Power Generation Market Absolute $ Opportunity
5. Global Distributed Solar Power Generation Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Distributed Solar Power Generation Market Size and Volume Forecast by End Users
     5.3.1. Households Industries Commercial Centers
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Distributed Solar Power Generation Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Distributed Solar Power Generation Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Distributed Solar Power Generation Demand Share Forecast, 2019-2026
7. North America Distributed Solar Power Generation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Distributed Solar Power Generation Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Distributed Solar Power Generation Market Size and Volume Forecast by End Users
     7.4.1. Households Industries Commercial Centers
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Distributed Solar Power Generation Demand Share Forecast, 2019-2026
8. Latin America Distributed Solar Power Generation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Distributed Solar Power Generation Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Distributed Solar Power Generation Market Size and Volume Forecast by End Users
     8.4.1. Households Industries Commercial Centers
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Distributed Solar Power Generation Demand Share Forecast, 2019-2026
9. Europe Distributed Solar Power Generation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Distributed Solar Power Generation Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Distributed Solar Power Generation Market Size and Volume Forecast by End Users
     9.4.1. Households Industries Commercial Centers
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Distributed Solar Power Generation Demand Share Forecast, 2019-2026
10. Asia Pacific Distributed Solar Power Generation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Distributed Solar Power Generation Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Distributed Solar Power Generation Market Size and Volume Forecast by End Users
     10.4.1. Households Industries Commercial Centers
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Distributed Solar Power Generation Demand Share Forecast, 2019-2026
11. Middle East & Africa Distributed Solar Power Generation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Distributed Solar Power Generation Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Distributed Solar Power Generation Market Size and Volume Forecast by End Users
     11.4.1. Households Industries Commercial Centers
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Distributed Solar Power Generation Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Distributed Solar Power Generation Market: Market Share Analysis
  12.2. Distributed Solar Power Generation Distributors and Customers
  12.3. Distributed Solar Power Generation Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Polaron Solartech Corp Grasshopper Solar Corporation Canadian Solar Inc. Ltd EDF Renewables Canada Inc.