The Canadian industrial gas market is currently the second largest market in North America, behind the United States. The market has struggled to develop strong growth rates over the course of the last decade, with an average growth rate of 0.9% p.a.
Between 2005 and 2015 nominal GDP grew by an average of 3.1% p.a. or 3.5% when adjusted for inflation. There has been a period of good growth over the course of the last decade, with the only decline being experienced during the financial crisis. However, growth was sluggish in 2015 with a flat rate of 0.5%.
Report Data: 2016