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The new Canada Power Report from BMI forecasts that the country will account for 8.87% of developed markets power generation by 2014, and will retain an electricity export capability. BMI’s developed markets power generation estimate for 2009 is 7,152 terawatt hours (TWh), a decrease of 4.8% over the previous year. We are forecasting a rise in regional generation to 7,745TWh between 2010 and 2014, an increase of 6.0%.
Thermal power generation in 2009 was estimated by BMI to be 4,199TWh, accounting for 58.7% of the total electricity supplied in the region. Our forecast for 2014 is 4,439TWh, implying 5.7% growth that leaves the market share of thermal generation only slightly lower at 57.3% – in spite of environmental concerns that should be promoting renewables, hydro-electricity and nuclear generation. Canada’s thermal generation in 2009 is estimated at 138TWh, or 3.28% of the regional total. By 2014, the country is expected to account for 3.70% of thermal generation.
Oil is the leading fuel in Canada, accounting for 30.4% of primary energy demand (PED), followed by hydro-power at 28.3%, gas at 26.7%, coal at 8.3% and nuclear with a 6.4% share of PED. Developed markets energy demand is forecast to reach 3,998mn tonnes of oil equivalent (toe) by 2014, representing 6.5% growth in 2010-2014. The Canadian 2009 market share of 8.69% is set to ease to 8.65% by 2014. The 90TWh of Canadian nuclear demand in 2009 is forecast to reach 100TWh by 2014, with its share of the developed markets nuclear market rising from 5.53% to 5.81% over the period.
BMI is forecasting Canada real GDP growth averaging 2.82% per annum between 2010 and 2014, with the 2010 forecast being a rise of 3.10%. Population is expected to expand from 33.6mn to 34.8mn over the period, with GDP per capita rising 9% and electricity consumption per capita forecast increasing by 4%. The country’s power consumption is expected to increase from an estimated 530TWh in 2009 to 576TWh by the end of the forecast period, providing surplus capacity rising from an estimated 104TWh in 2009 to 111TWh in 2014, assuming 1.6% average annual growth (2010-2014) in power production. Between 2010 and 2019, we are forecasting an increase in Canada electricity generation of 12.3%, which is middle of the range for the developed markets. This equates to 5.1% in the 2014-2019 period, down from 6.9% in 2010-2014. PED growth is set to fall from 6.1% in 2010-2014 to 2.6% during 2014-2019, representing 8.9% for the entire forecast period. An increase of 8% in hydro-power use during 2010-2019 is one element of generation growth. Thermal power generation is forecast to rise by 17% between 2010 and 2019, with nuclear use up 15%. More details of the longer-term BMI power forecasts can be found near the end of this report.
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Original Source : Canada Power Market
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The new Canada Power Report from BMI forecasts that the country will account for 8.87% of developed markets power generation by 2014, and will retain an electricity export capability. BMI’s developed markets power generation estimate for 2009 is 7,152 terawatt hours (TWh), a decrease of 4.8% over the previous year. We are forecasting a rise in regional generation to 7,745TWh between 2010 and 2014, an increase of 6.0%.
Thermal power generation in 2009 was estimated by BMI to be 4,199TWh, accounting for 58.7% of the total electricity supplied in the region. Our forecast for 2014 is 4,439TWh, implying 5.7% growth that leaves the market share of thermal generation only slightly lower at 57.3% – in spite of environmental concerns that should be promoting renewables, hydro-electricity and nuclear generation. Canada’s thermal generation in 2009 is estimated at 138TWh, or 3.28% of the regional total. By 2014, the country is expected to account for 3.70% of thermal generation.
Oil is the leading fuel in Canada, accounting for 30.4% of primary energy demand (PED), followed by hydro-power at 28.3%, gas at 26.7%, coal at 8.3% and nuclear with a 6.4% share of PED. Developed markets energy demand is forecast to reach 3,998mn tonnes of oil equivalent (toe) by 2014, representing 6.5% growth in 2010-2014. The Canadian 2009 market share of 8.69% is set to ease to 8.65% by 2014. The 90TWh of Canadian nuclear demand in 2009 is forecast to reach 100TWh by 2014, with its share of the developed markets nuclear market rising from 5.53% to 5.81% over the period.
BMI is forecasting Canada real GDP growth averaging 2.82% per annum between 2010 and 2014, with the 2010 forecast being a rise of 3.10%. Population is expected to expand from 33.6mn to 34.8mn over the period, with GDP per capita rising 9% and electricity consumption per capita forecast increasing by 4%. The country’s power consumption is expected to increase from an estimated 530TWh in 2009 to 576TWh by the end of the forecast period, providing surplus capacity rising from an estimated 104TWh in 2009 to 111TWh in 2014, assuming 1.6% average annual growth (2010-2014) in power production. Between 2010 and 2019, we are forecasting an increase in Canada electricity generation of 12.3%, which is middle of the range for the developed markets. This equates to 5.1% in the 2014-2019 period, down from 6.9% in 2010-2014. PED growth is set to fall from 6.1% in 2010-2014 to 2.6% during 2014-2019, representing 8.9% for the entire forecast period. An increase of 8% in hydro-power use during 2010-2019 is one element of generation growth. Thermal power generation is forecast to rise by 17% between 2010 and 2019, with nuclear use up 15%. More details of the longer-term BMI power forecasts can be found near the end of this report.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : Canada Power Market
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