Wind Turbine Manufacturing in Canada - Industry Market Research Report

November 2021 •
40 pages •
Report ID: 4564095 •
Format: PDF

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Going green: Lower tax rates in Canada may result in a few additional wind turbine projects securing lending approval than expected

Abstract

Wind Turbine Manufacturing in Canada
Canada is well suited for generating wind-powered electricity, given that it has large tracts of land and abundant wind resources. Consequently, installed wind power capacity in Canada has grown over the five years to 2019, due to federal and provincial government incentives designed to reduce greenhouse gases and promote clean energy. These incentives include tax deductions, feed-in tariffs and governmental guarantees to purchase wind electricity. However, the Canadian Wind Turbine Manufacturing industry contracted over the five years to 2019. The Wind Turbine Manufacturing industry in Canada is expected to increase over the five years to 2024. Wind turbines have an average lifespan of about 20 years, so downstream utilities will demand industry products in the long term to sustain the wind capacity they have already installed.

The Wind Turbine Manufacturing industry in Canada researches, develops and manufactures wind turbines for various uses such as residential, industrial and commercial.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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