Thermal Power in Canada - Industry Market Research Report

Thermal Power in Canada - Industry Market Research Report

Thermal Power in Canada

The industry is composed of companies that generate electricity using natural gas, coal, uranium or crude oil. Strong economic growth and high wages before the pandemic boosted demand for electricity from the commercial, residential and industrial sectors, so revenue rose. Since most businesses were shut down during COVID-19, spending on electricity from companies and manufacturers fell precipitously, hurting thermal power plant operators in 2020. The decline in revenue growth during the pandemic was reduced by high demand for electricity from households, as individuals stuck at home used their lights, computers and other devices more frequently.

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 isn't 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.