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Thermal Power in Canada - Industry Market Research Report

Thermal Power in Canada

The Thermal Power industry in Canada is composed of operators that generate electricity using natural gas, coal, uranium or crude oil. The industry has performed poorly over the five years to 2019. While conditions have been positive, with rising electricity prices and increasing demand from commercial and industrial markets, the industry has experienced some difficulties. The amount of power generated by each underlying commodity has steadily shifted. Nuclear power has accounted for the largest share of revenue since eclipsing coal in 2009. However, nuclear power volumes have fallen due to the rise of natural gas. Over the five years to 2024, thermal power generation volumes are forecast to continue to fall, albeit at a slower pace. While coal is forecast to continue its decline, new capacity is forecast to come online from natural gas power plants.

The Thermal Power industry in Canada 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.


  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2019)
    • Table Industry Structure
  • Industry Performance
    • Table Price of electric power
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table KEY BUYING INDUSTRIES
    • Table KEY SELLING INDUSTRIES
    • Table Products and services segmentation (2019)
    • Table Major market segmentation (2019)
    • Table Industry trade balance
    • Table Business Locations 2019
    • Table Distribution of thermal energy generation vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
    • Table Trade Globalization
  • Major Companies
    • Table Major Players
    • Table Ontario Power Generation Inc. (industry-relevant operations) - financial performance*
    • Table TC Energy Corporation (industry-relevant operations) - financial performance*
    • Table SaskPower (industry-relevant operations) - financial performance*
    • Table Bruce Power LP (industry-relevant operations) - financial performance*
    • Table TransAlta Corporation (industry-relevant operations) - financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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