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Market Research Report

Nuclear Power

Published by Global Industry Analysts, Inc. Product code 225230
Published Content info 79 Pages
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Nuclear Power
Published: February 1, 2020 Content info: 79 Pages
Description

Nuclear Power market worldwide is projected to grow by 589.3 Terawatt-hours (TWh), driven by a compounded growth of 3%. Nuclear Power, one of the segments analyzed and sized in this study, displays the potential to grow at over 3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over 3.2 Thousand Terawatt-hours (TWh) by the year 2025, Nuclear Power will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 3.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over 31.6 Terawatt-hours (TWh) to the region's size and clout in the next 5 to 6 years. Over 27.2 Terawatt-hours (TWh) worth of projected demand in the region will come from Rest of Europe markets. In Japan, Nuclear Power will reach a market size of 226.5 Terawatt-hours (TWh) by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 2.8% over the next couple of years and add approximately 98.9 Terawatt-hours (TWh) in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,

  • Axpo Group
  • Bruce Power L.P.
  • China General Nuclear Power Group
  • China National Nuclear Corporation
  • Dongfang Electric Corporation Limited
  • Doosan Babcock Limited
  • E.ON SE
  • EDF (Electricite de France) SA
  • EletrobrasTermonuclear S.A.
  • ENGIE Electrabel
  • Exelon Corporation
  • GE Hitachi Nuclear Energy
  • Korea Hydro & Nuclear Power Co., Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NNEGC Energoatom
  • Nuclear Power Corporation of India Limited
  • Ontario Power Generation
  • Orano
  • ROSATOM
  • Atomstroyexport
  • Shanghai Electric Group Company Limited
  • Tokyo Electric Power Company Holdings
  • Toshiba Corporation
  • Vattenfall AB

Table of Contents
Product Code: MCP-1807

TABLE OF CONTENTS

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Nuclear Power: Reliable and Sustainable Electricity Source with Minimal Carbon Emissions
  • Global Nuclear Power Industry: Fast Facts
  • Recent Market Activity
  • Myriad Benefits of Nuclear Power over Coal, Oil, and Gas to Drive the Vision of the "Plutonium Economy"
  • China's Growing Prominence in the Global Nuclear Power Industry
  • US Continues to Remain the Single Largest Nuclear Power Market in the World
  • Russia: Global Leader for Cutting-Edge Fast-Fission Reactor Technology
  • State of Nuclear Power in Major Markets Summarized
  • Asia
  • Russia and East Europe
  • Western and Central Europe
  • Middle East and Africa
  • North America
  • South America
  • Japan's Fukushima Disaster: Major Growth Impeding Factor for the Global Nuclear Power Industry
  • Despite Growth in Nuclear Power Generation, Contribution to the Global Energy Mix Declines
  • Interest in Nuclear Power Generation Continues to Wane Globally
  • Innovation in Nuclear Power is the Key for Future of Sustainable Energy
  • Need for International Cooperation: The Solution to Nuclear Power Industry Woes
  • Global Market Outlook: Optimistic Long Term Outlook amidst Short Term Issues and Challenges
  • Improving Economy Signals Market Growth Opportunities in the Near Term
  • Global Competitor Market Shares
  • Nuclear Power Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

2. FOCUS ON SELECT PLAYERS

  • Axpo Group
  • Bruce Power L.P.
  • BWX Technologies, Inc.
  • CEZ, a.s.
  • China General Nuclear Power Group
  • China National Nuclear Corporation
  • Dongfang Electric Corporation Limited
  • Doosan Babcock Limited
  • E.ON SE
    • EDF (Electricite de France) SA
    • EDF Energy Plc
    • EletrobrasTermonuclear S.A.
    • ENGIE Electrabel
    • Exelon Corporation
    • GE Hitachi Nuclear Energy
    • Korea Hydro & Nuclear Power Co., Ltd.
    • Mitsubishi Heavy Industries Ltd.
    • Mitsubishi Nuclear Fuel Co., Ltd.
    • NNEGC Energoatom
    • Nuclear Power Corporation of India Limited
    • Ontario Power Generation
    • Orano
  • ROSATOM
    • Atomstroyexport
    • Shanghai Electric Group Company Limited
    • Tokyo Electric Power Company Holdings
    • Toshiba Corporation
    • Vattenfall AB

3. MARKET TRENDS & DRIVERS

    • The Urgent Need to De-carbonize Energy Production for Mitigating Climate Change Sustains Market Growth for Nuclear Power
    • Despite Numerous Issues and Challenges, Nuclear Energy Offers Clean Electricity and Energy Independence
    • Low-carbon Nuclear Electricity Critical for Realizing the 2°C Scenario
    • Will Nuclear Power Generation Result in Long-Term Ecological Impact: The Debate Continues
    • Growing Number of New Plant Constructions Offset Reactor Retirements and Benefit Nuclear Capacity Expansion
    • Construction and Upgrading of Nuclear Plants
    • Capacity Gains through Uprating
    • Plant Retirements and Lifetime Extensions
    • Accounting for Two-Thirds of Under-Construction Reactors Globally, Asia-Pacific Remains at the Forefront of Nuclear Power Generation
    • Uprating and Life-Extension of Existing Nuclear Reactors Lend Traction to Market Growth
    • Need to Complement Fossil Fuel Power with Sustainable Nuclear Power for Meeting Surging Electricity Demand: An Important Growth Driver
    • Ballooning Global Population and Exponential Increase in Urbanization Propel Electricity Demand
    • Developing Countries to Drive Electricity Consumption and Production
    • Tougher Safety Norms: A Boon for Nuclear Safety and Radiation Monitoring
    • Uranium Prices to Power Higher in Sync with Growing Global Nuclear Power Capacity
    • Number of Existing and Potential Applications Drive Lithium Demand in the Nuclear Power Industry
    • Lithium: The Only Stable Element for Producing Net Energy through Nuclear Fission
    • Thorium: Minimizing Fuel Wastage and MitigatingConcerns Associated with Uranium-Based Nuclear Power
    • Significance of Thorium as Nuclear Fuel
    • Types of Reactors Suitable for Thorium
    • Projects Using Thorium Fuel to Generate Electricity
    • R&D Efforts Involving Key Reactor Types
    • Other Notable Research Efforts
    • Key Challenges Associated with Thorium Fuel Cycles
    • Unprecedented Rise of Renewable Energy Set to Dent Market Prospects for Nuclear Power
    • Wind and Solar Expansion Lead to Renewable Power Revolution
    • High Capital Intensiveness of Nuclear Power Plants
    • Despite Ongoing Evolution in Nuclear Reactor Technologies, Nuclear Construction Hits Numerous Roadblocks
    • Construction Status of Major Generation III+ Nuclear Power Plants Worldwide
    • Factors Responsible for Construction Delays and Ongoing Efforts for Extending Operational Lifetime of NPPs
    • Standardization, Continuity and Strict Centralization Key to Reducing Nuclear Energy Costs
    • Prohibitive Cost, Environmental Issues Associated with Nuclear Fuel Disposal
    • Growing Concerns about Economic Viability of Nuclear Plants
    • Dearth of Skilled Manpower

4. GLOBAL MARKET PERSPECTIVE

    • TABLE 1: Nuclear Power Global Market Estimates and Forecasts in Terawatt-hours (TWh) by Region/Country: 2018-2025
    • TABLE 2: Nuclear Power Global Retrospective Market Scenario in Terawatt-hours (TWh) by Region/Country: 2009-2017
    • TABLE 3: Nuclear Power Market Share Shift across Key Geographies Worldwide: 2009 VS 2019 VS 2025

III. MARKET ANALYSIS

  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
    • Market Facts & Figures
    • TABLE 4: United States Nuclear Power Market Estimates and Projections in Terawatt-hours (TWh): 2018 to 2025
    • TABLE 5: Nuclear Power Market in the United States: A Historic Review in Terawatt-hours (TWh) for 2009-2017
  • CANADA
    • TABLE 6: Canadian Nuclear Power Market Estimates and Forecasts in Terawatt-hours (TWh): 2018 to 2025
    • TABLE 7: Canadian Nuclear Power Historic Market Review in Terawatt-hours (TWh): 2009-2017
  • JAPAN
    • TABLE 8: Japanese Market for Nuclear Power: Annual Sales Estimates and Projections in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 9: Nuclear Power Market in Japan: Historic Sales Analysis in Terawatt-hours (TWh) for the Period 2009-2017
  • CHINA
    • TABLE 10: Chinese Nuclear Power Market Growth Prospects in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 11: Nuclear Power Historic Market Analysis in China in Terawatt-hours (TWh): 2009-2017
  • EUROPE
    • Market Facts & Figures
    • TABLE 12: European Nuclear Power Market Demand Scenario in Terawatt-hours (TWh) by Region/Country: 2018-2025
    • TABLE 13: Nuclear Power Market in Europe: A Historic Market Perspective in Terawatt-hours (TWh) by Region/Country for the Period 2009-2017
    • TABLE 14: European Nuclear Power Market Share Shift by Region/Country: 2009 VS 2019 VS 2025
  • FRANCE
    • TABLE 15: Nuclear Power Market in France: Estimates and Projections in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 16: French Nuclear Power Historic Market Scenario in Terawatt-hours (TWh): 2009-2017
  • GERMANY
    • TABLE 17: Nuclear Power Market in Germany: Recent Past, Current and Future Analysis in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 18: German Nuclear Power Historic Market Analysis in Terawatt-hours (TWh): 2009-2017
  • ITALY
    • TABLE 19: Italian Nuclear Power Market Growth Prospects in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 20: Nuclear Power Historic Market Analysis in Italy in Terawatt-hours (TWh): 2009-2017
  • UNITED KINGDOM
    • TABLE 21: United Kingdom Market for Nuclear Power: Annual Sales Estimates and Projections in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 22: Nuclear Power Market in the United Kingdom: Historic Sales Analysis in Terawatt-hours (TWh) for the Period 2009-2017
  • REST OF EUROPE
    • TABLE 23: Rest of Europe Nuclear Power Market Estimates and Forecasts in Terawatt-hours (TWh): 2018-2025
    • TABLE 24: Nuclear Power Market in Rest of Europe in Terawatt-hours (TWh): A Historic Review for the Period 2009-2017
  • ASIA-PACIFIC
    • TABLE 25: Nuclear Power Market in Asia-Pacific: Estimates and Projections in Terawatt-hours (TWh) for the Period 2018-2025
    • TABLE 26: Asia-Pacific Nuclear Power Historic Market Scenario in Terawatt-hours (TWh): 2009-2017
  • REST OF WORLD
    • TABLE 27: Rest of World Nuclear Power Market Estimates and Forecasts in Terawatt-hours (TWh): 2018 to 2025
    • TABLE 28: Rest of World Nuclear Power Historic Market Review in Terawatt-hours (TWh): 2009-2017

IV. COMPETITION

  • Total Companies Profiled: 84
  • NUCLEAR POWER MCP-1807
  • CONTENTS
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