$68.1bn
$X.Xbn
76,368
237
$X.Xbn
Electricity transmission companies in Canada are responsible for storing and distributing electricity from Canada's upstream generation facilities. They manage transmission and distribution networks that total over 160,000.0 kilometres to serve residential, industrial and commercial customers. Performance relies on electricity prices within provinces, although the inelasticity of energy needs and the high degree of regulation insulate transmitters from significant revenue drops. Performance is closely tied to major industrial, residential and commercial market sales. While residential market demand is somewhat inelastic, industrial and commercial output and sales are much more variable, so transmitters' performance in these sectors is essential. With both prices and consumption swelling, revenue has continued to push up despite various events leading to economic uncertainty. Overall, revenue is set to climb at a CAGR of 5.0% to $68.1 billion through 2024, including a 1.1% dip in 2024 alone. Profit has also remained elevated since companies typically pass costs down to consumers.
Industry revenue has grown at a CAGR of 5.0 % over the past five years, to reach an estimated $68.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Hydro-Quebec | 14,806.9 | 3,502.3 | 23.7 | |
Hydro One Limited | 8,240.4 | 1,938.5 | 23.5 | |
BC Hydro | 5,257.9 | 253.8 | 4.8 |
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Industry revenue is measured across several distinct product and services lines, including Hydropower , Nuclear and Combustion . Hydropower is the largest segment of the Electric Power Transmission in Canada.
Most electricity comes from hydro
The Electric Power Transmission industry in Canada transmits and distributes electric power to other utilities and final consumers. This industry does not generate electricity.
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NAICS 221121 - Electric Power Transmission in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The need for electricity remains inelastic, stabilizing provider revenue. Since people and businesses can't easily cut back on their electricity use, fluctuations in demand h...
Learn about an industry's products and services, markets and trends in international trade.
Hydroelectric power is the primary generation source in Canada. It’s one of the only countries in the world to rely on this generation.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Electricity transmission companies mostly follow population patterns. There’s more electricity demand in more highly-populated areas.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Internal competition is low for Canadian electricity transmission companies. Generally, only one transmitter operates in a given area.
Learn about the performance of the top companies in the industry.
The largest companies are Crown corporations. They're owned by the provincial government and have a big advantage over other competitors.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulatory oversight is high for utility companies. Most are owned by provincial governments and have a local monopoly, which invites regulatory scrutiny.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Depreciation costs remain elevated for transmitters. The heavy investment in infrastructure results in swelling depreciation as companies face high costs for maintaining and ...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Electric Power Transmission industry in Canada is $68.1bn in 2024.
There are 237 businesses in the Electric Power Transmission industry in Canada, which has declined at a CAGR of 3.4 % between 2019 and 2024.
The market size of the Electric Power Transmission industry in Canada has been growing at a CAGR of 5.0 % between 2019 and 2024.
Over the next five years, the Electric Power Transmission industry in Canada is expected to grow.
The biggest companies operating in the Electric Power Transmission market in Canada are Hydro-Quebec, Hydro One Limited and BC Hydro
Electric bulk power transmission and control and Electric power distribution are part of the Electric Power Transmission industry.
The company holding the most market share in Canada is Hydro-Quebec.
The level of competition is moderate and steady in the Electric Power Transmission industry in Canada.