Wind Turbine Manufacturing in Canada
Installed wind power capacity in Canada has grown substantially over the past five years, due to federal and provincial government incentives designed to reduce greenhouse gases and promote clean energy. However, the Canadian Wind Turbine Manufacturing industry contracted significantly over the five years to 2018. Industry revenue has trailed behind the spike in Canadian wind turbine installations during this period, as turbine prices dropped substantially due to increased competition, improved efficiency and slowing demand from vital global markets, such as China. Industry revenue is expected to increase over the five years to 2023; however, grid limitations and infrastructure consideration may mitigate the private investments needed to finance many new, expensive wind energy projects over the next five years.
This industry 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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