Canada Solar Photovoltaic Market Outlook to 2015

Ken Research
September 1, 2011
28 Pages - SKU: AMPS6586576
Countries covered: Canada



Executive Summary

The report titled “Canada Solar Photovoltaic Market Outlook to 2015” provides a comprehensive analysis on various aspects such as On-Grid and Off-Grid Cumulative and Annual Installed Capacity, PV power per capita, market segmentation and competitive landscape of the major players operating in the country. The report also entails the SWOT analysis of solar PV market in Canada.

The future outlook presented the base case, conservative case and aggressive case scenario factor analysis providing an insight on the prospects in the solar PV cumulative and annual installed capacity for the country.

The Canadian market has registered consistent growth in the last decade or so. With the introduction of Ontario FIT and RESOP program, the growth in the PV market is expected to boom in the coming years especially for grid installations. The demand for PV technology is rising in Canada despite the fact that the price of the electricity produced from non renewable sources is low. The PV module market in Canada increased from 6.94 MW in 2008 to 67.3 MW in 2009. In 2009, domestic and export module sale was reported 42 MW. In comparison to the previous year, the sales increased by 48%. Out of the above mentioned sale, 34.02 MW was for on grid applications and 7.98 MW was for off-grid applications.

Canada’s cumulative installed capacity increased from 95 MW in 2009 to 199 MW in 2010. The grid connected segment increased its market share from 15% in 2008 to 62% in 2009. This increase in grid connected installations was largely because of the feed-in-tariff launched in Ontario in 2006 which were later developed in 2009.

In 2009, the budget for PV has increased drastically over 2008. In 2009 the total budget registered was CAD 31.2 million. This tremendous increase in budget is largely due to the feed-in-tariffs introduced in the state of Ontario.

In the last 5 years, the photovoltaic power per inhabitant has increased, symbolizing the increased use of solar energy by individuals. The consumption of solar PV has increased from 0.6 watt/inhabitant in 2006 to 5.8 watt/inhabitant in 2010. The increasing use of solar PV is expected to continue in the future which will have a positive effect on the photovoltaic power per inhabitant in the country.

Solar PV aggressive case scenario assumes that existing legislative support will be maintained and the solar PV industry will meet and beat government targets, encouraging the legislation to opens up new markets and design a sustainable nationwide solar PV support mechanism. Grid development is also expected to accelerate, driven by a growing need to rehabilitate the network and to crystallize the benefits of a smart, distributed generation-based electricity grid. Beyond 2015, solar PV is a strategically important industry in Canada, driving innovation at a global level. The aggressive case scenario expects a cumulative installed capacity to increase to ~ MW in 2011 and is projected to grow to ~ MW by 2015.

Key Topics Covered in the Report:
  • The feed-in-tariffs introduced in the country and their effect on the solar PV market
  • The annual and cumulative PV installations along with PV power per capita in the country from 2006-2010
  • Future Outlook on the basis of assumed scenarios i.e. base case, worst case and aggressive case on cumulative installed capacity, annual installed capacity and PV power per capita, from 2011-2015
  • SWOT analysis of the solar PV industry and Macro Economic Environment in the country
  • Competitive Landscape of the various players operating in the country



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