Nordic
Nordic
Skip to main content
Follow Us
  • Resources
  • About Maritime Geothermal Ltd
  • Contact Us
Menu
  • Residential
    • Geothermal Heat Pumps
    • Air Source Heat Pumps
    • Indoor Pool Conditioner
    • Hydronic Air Handlers
    • Warranty Registration
    • Residential Warranty
    • Available Rebates
    • Economic Benefits & More
      • Comfort
      • Eco Friendly
      • New Construction
      • Renovation
      • System Selection
        • Energy Supply Source
        • Type of Heat Pump
        • Energy Distribution System
        • Green Home Integration
          • Passive Solar Gain
          • Solar Hot Water Panels
          • Photovoltaic Panels
          • Controls
      • Installation Process
      • Typical System Cost
      • Case Studies
      • FAQs
  • Commercial
    • Commercial W Series
    • Commercial WH Series
    • Commercial R Series
    • Indoor Pool Conditioner
    • Industrial Air Purifier
    • Warranty Registration
    • Commercial Warranty
    • Available Incentives
    • Economic Benefits & More
      • Comfort
      • Renewable Energy
      • LEED Certified
      • Typical Implementation
      • Case Studies
      • FAQs
  • Accessories
  • For Dealers
    • Become a Dealer
    • Dealer Support
    • Dealer Resources
    • Download Software
    • Manuals & Specifications
    • Information for your Customers
      • Economic Benefits
      • Eco Friendly
      • Quality
      • Warranty
    • Case Studies
    • Startup Record / Warranty Registration
  • Find a Nordic Dealer
  • Blog

Canadian Clean Technology Industry Worth $10 Billion

By Nordic

September 30, 2013

Heat Pump Industry News

Tweet

Analytica Advisors recently released the 2013 Canadian Clean Technology Industry report. The report is a comprehensive study outlining the employment levels, research and development expenditure, export numbers, and growth projections. It was conducted in order to get a feel for the size of the clean technology industry in Canada, and the direction that it’s headed in.

The Canadian clean technology industry is fairly small, made up of about 720 companies. What they may lack in size, however, they make up for in reach. This small number of companies is responsible for the $10.6 billion dollar industry, representing about one percent of the global market share.

This news illustrates the remarkable resilience the clean technology industry has shown during these slow economic times, with Analytica Advisors projecting potential growth of the industry to reach $26 billion in five years. This is excellent news for Canadians. The industry currently employs about 52,600 people in Canada, and all indicators point to this industry becoming a major economic driver of the Canadian economy. Why shouldn’t it? With the after effects of hurricane Sandy still being felt across the east coast, climate change has officially moved from a vague threat to a clear and present danger.

The Canadian clean technology industry can make a significant contribution to the Canadian climate change strategy. The clean technology industry encompasses more than just renewable energy, it’s focused on air, water, land and energy, providing energy efficiency, renewable energy, and energy recovery. This complete approach to the problem of climate change could give Canada the momentum necessary to make meaningful changes.

In fact, that’s already taking place. The Canadian clean technology industry is going full steam ahead, already enmeshing itself into Canada’s economy by providing products and services to almost every industry. The small handful of companies that make up this industry are also looking outside Canada for their revenues, with 82% of the companies exporting an average of 50% of their product sold. The average clean technology company is nine times more likely to export than the average Canadian small or medium company in a different industry.

The Canadian clean technology industry is currently a leader in the global clean technology market. If projected growth is realized, it should remain that way. The Canadian clean technology industry is here to stay, permanently affixed as a real and growing Canadian industry. This $10 billion dollar industry represents tremendous opportunities for Canada, and should be given support by the government to ensure it doesn’t fall behind in the global race for clean technology.  

Comments

Leave a Comment Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Categories

  • Commercial Geothermal Projects
  • Company Updates
  • Heat Pump Industry News
  • Heat Pump Installation
  • Home Ownership
  • Products

Archives by Date

  • October 2023
  • April 2023
  • March 2019
  • July 2018
  • January 2018
  • August 2017
  • June 2017
  • February 2017
  • January 2017
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2013
  • July 2013
  • June 2011
  • April 2011

Newsletter

Find out what's happening at Maritime Geothermal! We have a Monthly Newsletter that you can sign up for.

Who are you?
  • Residential
  • Commercial
  • Accessories
  • For Dealers
  • Find a Nordic Dealer
  • Blog

Mailing Address

Maritime Geothermal Ltd. PO Box 2555 Petitcodiac, NB E4Z 6H4

Shipping Address

Maritime Geothermal Ltd. 170 Plantation Road Petitcodiac, NB E4Z 6H4

Contact Us

  • Toll Free: 1-800-986-6781
  • Phone: 1-506-756-8135
  • Fax:
  • Email: info@nordicghp.com

Connect

  • facebook
  • twitter
  • youtube
  • linkedin

More

  • Resources
  • About Maritime Geothermal Ltd
  • Contact Us
© 2025 Nordic Heat Pumps
  • Sitemap