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.
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