Canada’s smart grid technology market is projected to reach $6.94 billion by 2020. Representing a compound annual growth rate (CAGR) of 17% from 2012, making smart grid an attractive business opportunity.

The electricity sector in Canada is expected to invest $293.8 billion from 2010 to 2030 to accommodate a changing generation mix and changing market requirements, as well as to replace or update aging assets. A key element of this will be continued investment in “smart grid” technology, which will not only improve energy efficiency and extend the life of existing infrastructure, but will help make Canada more competitive in the global economy.

There is a very strong regional aspect to Canada’s energy sector and smart grid vendors should not underestimate the need to understand the market on this level. Canada lacks a strong national energy policy or push towards a national grid, so success will likely be defined by gaining deployments with a handful of utilities rather than dozens or hundreds of them.

This exclusive reports projects Canada’s market value (2012-2020) for the technology segments below:

  • Advanced Metering Infrastructure (AMI)
  • Distribution Automation (DA)
  • Advanced Transmission and Substations/Systems
  • Customer Systems
  • Enterprise IT Systems, Software, & Communications
  • Grid Scale Energy Storage
  • Microgrids
  • C&I Energy Management Systems
  • Advanced Distribution Management Systems
  • Cybersecurity
  • Cloud Applications

We have identified five key factors in our research that are forcing change in the Canadian electricity industry;  climate change, an aging infrastructure, jurisdictional complexity, growing need for demand-side optimization, and the impending crisis of not having enough electric power engineers. Our research also leads us to conclude that developing the smart grid should be an urgent priority, as it holds great promise for addressing all five of these factors.

To illustrate, several initiatives have been taken across Canada to promote smart grid development. These include Hydro-Québec’s decision to create a smart zone in Québec; B.C. Hydro’s plan to install more than 1.8 million smart meters in British Columbia by the end of 2012; and Ontario’s roll-out of 4.7 million smart meters to every homeowner and small business in the province.

A number of demand response programs have also been introduced to encourage peak load reduction in the country, and alongside an extended use of microgrids, will drive the market for demand response in Canada. Furthermore, the growing market for battery-powered electric vehicles (due to rising environmental worries) is also expected to help Canada adapt to smart grid technology.

[expand title=”Table of Contents”]

  • Executive Summary
    • Technology Segmentation
    • Advanced Metering Infrastructure (AMI)
    • Distribution Automation (DA)
    • Advanced Transmission and Substations/Systems
    • Customer Systems
    • Enterprise IT Systems, Software, & Communications
    • Grid Scale Energy Storage
    • Microgrids
    • C&I Energy Management Systems
    • Advanced Distribution Management Systems
    • Cybersecurity
    • Cloud Applications
  • Recommendations and Opportunities
  • Canada’s Smart Grid Policy and Targets
  • Electrical Infrastructure Overview
  • Market Drivers
  • Canada Market Value Forecasts
    • Canada Smart Grid Technology Market Value Forecast by Segment, 2012 – 2020
    • Smart Grid Cybersecurity, 2012 – 2020
    • Distribution Management Systems, 2012 – 2020
    • Cloud Systems Market Value Forecast, 2012 – 2020
    • Methodology
  • Major Utilities and Companies in the Market
    • Major Utilities
    • Major Companies
  • Keys to Entering the Canada Market
  • Zpryme’s Market Outlook, 2012 – 2020

[/expand]

[sc name=”Premium” ]