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Thermal Power in Newfoundland

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NL22111aCA

Thermal Power in Newfoundland industry analysis

Revenue for the Thermal Power industry in Newfoundland And Labrador is expected to decline 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 stagnated an annualized x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased 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 stagnate x% to x locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx workers during the outlook period, while industry wages likely decrease % to $x.x million.

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About the Thermal Power in Newfoundland Market Research Report

What’s Included in the Thermal Power in Newfoundland Market Research Report

Definition of the Thermal Power in Newfoundland?

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 Newfoundland?

The Thermal Power in Newfoundland 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 Newfoundland 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 Newfoundland

Benchmark the Thermal Power in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Thermal Power in Newfoundland

#11 in Highest Revenue 0.7% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Thermal Power in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

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

Key Drivers of the Thermal Power industry in Newfoundland

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

Newfoundland Economic Indicators

Private Investment in Non-Residential Construction
Gross Domestic Product
Private Investment in Residential Construction

View more economic information in NL 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 Newfoundland

Key Statistics of the Thermal Power industry in Newfoundland

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 Newfoundland in 2025?

The market size of the Thermal Power industry in Newfoundland is $140.2m in 2025.

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

There are 2 businesses in the Thermal Power industry in Newfoundland, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

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

The market size of the Thermal Power industry in Newfoundland has been declining at an average annual rate of -2.8% from 2020 to 2025.

How many employees in the Thermal Power industry in Newfoundland in 2025?

There are 123 employees in the Thermal Power industry in Newfoundland, which has been declining at an average annual rate of -1.8% from 2020 to 2025.