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Thermal Power in Northwest Territories

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NT22111aCA

Thermal Power in Northwest Territories industry analysis

Revenue for the Thermal Power industry in Northwest Territories is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xxx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to grow an annualized x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to x locations over the next five years. Industry employment is expected to increase an annualized x% to xxx workers during the outlook period, while industry wages likely increase x% to $x.x million.

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About the Thermal Power in Northwest Territories Market Research Report

What’s Included in the Thermal Power in Northwest Territories Market Research Report

Definition of the Thermal Power in Northwest Territories?

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.

What’s included in the Thermal Power in Northwest Territories?

The Thermal Power in Northwest Territories includes generating electricity through nuclear power plants, generating electricity through coal power plants, generating electricity through natural gas power plants and generating electricity through other fossil-fuel power plants. Related terms covered in the Thermal Power in Northwest Territories industry report includes businesses or enterprises that are owned solely by the federal or provincial governments, the amount of energy required to produce one watt of power for one second and technology that reduces the emissions from the burning of coal.

Industry Performance of the Thermal Power industry in Northwest Territories

Benchmark the Thermal Power in Northwest Territories industry performance with all NT Census Metropolitan Area and national performance.

Thermal Power in Northwest Territories

#8 in Highest Revenue 3.1% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Thermal Power in Canada


Revenue (2024)
Annual Growth (2019-24)
Annual Growth (2024-29)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Thermal Power industry in Northwest Territories

See how key industry drivers, such as population, gross domestic product, private investment in non-residential construction, electric power consumption, price of electric power and world price of uranium are impacting Thermal Power in Northwest Territories

Northwest Territories Economic Indicators

Population
Gross Domestic Product
Private Investment in Non-Residential Construction

View more economic information in NT State Economic profile

Canada Key External Drivers

Electric power consumption
Price of electric power
World price of uranium

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Thermal Power industry in Northwest Territories

Key Statistics of the Thermal Power industry in Northwest Territories

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Thermal Power industry in Northwest Territories in 2025?

The market size of the Thermal Power industry in Northwest Territories is $573.1m in 2025.

How many businesses are there in the Thermal Power industry in Northwest Territories in 2025?

There are 3 businesses in the Thermal Power industry in Northwest Territories, which has been declining at an average annual rate of -5.6% from 2020 to 2025.

Has the Thermal Power industry in Northwest Territories grown or declined over the past 5 years?

The market size of the Thermal Power industry in Northwest Territories has been growing at an average annual rate of 3.5% from 2020 to 2025.

How many employees in the Thermal Power industry in Northwest Territories in 2025?

There are 450 employees in the Thermal Power industry in Northwest Territories, which has been growing at an average annual rate of 2.1% from 2020 to 2025.