Infrastructure Sector in Canada Market Size

Market Size of Infrastructure Sector in Canada

Study Period	2020 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Historical Data Period	2020 - 2022
CAGR	> 4.00 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Canadian Infrastructure Market Analysis

The size of infrastructure sector in the Canadian market is around USD 130 billion in the current year and is anticipated to register a CAGR of more than 4% during the forecast period.

Infrastructure is an important sector for any country's economic growth. The infrastructure market segments mainly include electricity, roads, water systems, public utilities, airports, railways, and telecommunications. The Canadian government's planned investments in infrastructure are expected to support the growth of Canada's construction industry.
By the start of 2021, the Canadian government launched a USD 7.6 billion "Growth Plan" for Canada Infrastructure Bank (CIB) to create 60,000 jobs and support the country's post-COVID-19 economic recovery over the next three years through major investment projects.
Under this "Growth Plan", USD 2 billion is earmarked for clean energy projects, USD 1.6 billion for broadband, USD 1.6 billion for building retrofits, USD 1.2 billion for agriculture irrigation projects, and USD 1.2 billion for electric buses and charging infrastructure.
The government has adopted measures to attract more Foreign Direct Investment (FDI) into the country to boost tourism, both in terms of domestic travelers and large-scale international MICE events. This has also created more investment for airports and airport infrastructure.
The National Housing Strategy of Canada has lofty goals to ensure that unprecedented investments and innovative programs provide results. The government's initial goal was to reduce chronic and episodic homelessness by half, but it is now focusing on eliminating chronic homelessness in Canada, with up to 530,000 households being lifted out of housing need.
Up to 125,000 new housing units and 300,000 repaired or updated housing units will be created as a result of the National Housing Strategy. The National Housing Strategy will develop a new generation of housing in Canada through new initiatives such as the National Housing Co-Investment Fund, community housing programs, and support to provinces and territories. Our strategy will encourage a varied range of communities.
Funding for the National Housing Co-Investment Fund of CAD 750 million (USD 598.03 million) is planned to be advanced to 2021-22 and 2022-23. This will speed up the production of 3,400 new units and the repair of 13,700 existing ones.

Canadian Infrastructure Industry Segmentation

The infrastructure of a country, society, or organization consists of basic facilities such as transport, communications, power supplies, and buildings, which enable it to function.

The infrastructure sector in Canada is segmented By Infrastructure Segment (Social Infrastructure, Transportation Infrastructure, Extraction Infrastructure, and Manufacturing Infrastructure). The report offers the market sizes and forecasts for the Infrastructure Sector in Canada market in value (USD) for all the above segments.

By Infrastructure Segment

Social Infrastructure
	Schools
	Hospitals
	Defense
	Other Social Infrastructures

Transportation Infrastructure
	Railways
	Roadways
	Airport
	Waterways

Extraction Infrastructure
	Power Generation
	Electricity Transmission and Distribution
	Water
	Gas
	Telecom

Manufacturing Infrastructure
	Metal and Ore Production
	Petroleum Refining
	Chemical Manufacturing
	Industrial Parks and clusters
	Other Manufacturing Infrastructures

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Infrastructure Sector in Canada Size Summary

The Canadian infrastructure industry plays a pivotal role in the nation's economic development, encompassing various segments such as electricity, transportation, water systems, public utilities, and telecommunications. The sector is poised for growth, supported by substantial government investments aimed at revitalizing the economy post-pandemic. Initiatives like the Canada Infrastructure Bank's "Growth Plan" and the National Housing Strategy are central to this expansion, focusing on clean energy, broadband, and housing developments. These efforts are complemented by foreign direct investment strategies to enhance tourism and infrastructure, particularly in airports. The government's commitment to reducing homelessness and improving housing conditions further underscores the sector's importance, with significant funding allocated to create and renovate housing units across the country.

The infrastructure market in Canada is characterized by a competitive landscape, with major construction projects and investments driving growth. The government's increased budget for infrastructure projects post-COVID-19 has made the sector more attractive to critical firms, fostering competition and innovation. Notable projects include highway renovations, airport improvements, and large-scale construction endeavors in cities like Montreal and Calgary. The involvement of prominent Canadian construction companies and strategic acquisitions, such as Enbridge's purchase of Tri Global and WSP's acquisition of John Wood Group's E&I business, highlight the sector's dynamic nature. These developments, alongside targeted funding programs, are set to enhance Canada's infrastructure capabilities, ensuring safety, connectivity, and economic resilience.

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