The Thermal Power industry experienced volatile revenue over the past five years, due to the scale-down of coal power generation. Most provinces have plans to phase out coal power over the next two decades. Furthermore, industrial electricity consumption sharply declined at the outset of the period because thermal power plants are concentrated in industrial hubs, and manufacturers reduced consumption through 2011 as a result of the recession. However, provincial regulatory agencies offset the decline in consumption with favourable rate hikes. In the next five years, thermal power generation is forecast to decrease as a result of the continued scale down of coal power generation. Nevertheless, electricity prices will rise, as regulatory agencies seek to smooth the transition from coal to natural gas power.
The thermal power industry comprises nuclear power plants and fossil-fuel power plants, such as coal and natural gas. Biomass power, which also uses thermal energy, is considered a renewable energy source and not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.