Analytica Advisors today released the 2013 Canadian Clean Technology Industry Report that examines the industry’s job creation, export, innovation and competitive performance, and why the industry is both Canada’s first new industry in the 21st century, and a foundation for growth in other industries.

The report shows the following impressive performance statistics:

* 52,600 employees directly in the firms, with compounded employment growth of 17 percent from 2009 to 2011.

* Over 700 innovation-driven companies located across Canada working with thousands of direct suppliers

* $10.6 billion in revenues, one percent of global market-share. Revenue growth of 17 percent from 2010, compared to less than two percent growth in the Canadian economy

* 2011 R&D investments of $1 billion. $5 billion in exports, with 82 percent of firms exporting and 51 percent of firms exporting to markets outside of the US

“The electricity sector is very encouraged by the volume and extent of innovation amongst Canadian clean technology companies,” said Jim Burpee, President and CEO of the Canadian Electricity Association.

“As we invest in the next generation of Canada’s electricity infrastructure, these innovations will enable the penetration of smart grid and distributed generation technologies, improved system efficiency, and the ability to provide customers with the capacity to make more informed decisions about their power usage.”

The industry has demonstrated remarkable resilience during difficult global economic conditions and posting strong revenue and employment growth while continuing to invest in R&D.

“Clean Technology is one of Canada’s first 21st century industries. It has a growing presence in international markets and is bringing economic opportunity across the country. At current growth rates this will become a $26 billion industry in the next five years, employing over 100,000,” said Céline Bak President of Analytica Advisors.

“Much of this growth will be driven by exports to international markets. Over 80 percent of clean technology companies are currently exporting, and are nine times more likely to export than the average small and medium-size enterprise.”

The Report sets the global stage for clean technology as an economic driver within Canada, with guest editorials from key industry stakeholders including the World Bank, the Inter-American Development Bank, the US Department of Energy, China’s Genertec, COSIA, the Canadian Chamber of Commerce, SDTC, MaRS Discovery District and dozens of other Canadian and international players.

“Clean technology is so compelling as an export story because it is a driver of innovation and productivity within our natural resource and traditional economic sectors,” said Jim McArdle, EDC Senior Vice-President, Corporate Affairs & Secretary.