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Market Research Report
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225230

Nuclear Power

Published: | Global Industry Analysts, Inc. | 146 Pages | Delivery time: 1-2 business days

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Nuclear Power
Published: April 1, 2021
Global Industry Analysts, Inc.
Content info: 146 Pages
Delivery time: 1-2 business days
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  • Description
  • Table of Contents
Description

Abstract:

Global Nuclear Power Market to Reach 3.2 Thousand Terawatt-hours (TWh) by 2027

Amid the COVID-19 crisis, the global market for Nuclear Power estimated at 2.6 Thousand Terawatt-hours (TWh) in the year 2020, is projected to reach a revised size of 3.2 Thousand Terawatt-hours (TWh) by 2027, growing at a CAGR of 2.6% over the period 2020-2027.

The U.S. Market is Estimated at 776.5 Terawatt-hours (TWh), While China is Forecast to Grow at 2.5% CAGR

The Nuclear Power market in the U.S. is estimated at 776.5 Terawatt-hours (TWh) in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 566.7 Terawatt-hours (TWh) by the year 2027 trailing a CAGR of 2.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Select Competitors (Total 84 Featured) -

  • Atomstroyexport
  • 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
  • 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
  • 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. METHODOLOGY

II. EXECUTIVE SUMMARY

  • 1. MARKET OVERVIEW
    • Influencer Market Insights
    • World Market Trajectories
    • 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
    • Impact of Covid-19 and a Looming Global Recession
  • 2. FOCUS ON SELECT PLAYERS
    • Axpo Group (Switzerland)
    • Bruce Power L.P. (Canada)
    • BWX Technologies, Inc. (USA)
    • CEZ, a.s. (Czech Republic)
    • China General Nuclear Power Group (China)
    • China National Nuclear Corporation (China)
    • Dongfang Electric Corporation Limited (China)
    • Doosan Babcock Limited (UK)
    • E.ON SE (Germany)
    • EDF (Electricite de France) SA (France)
    • EDF Energy Plc (UK)
    • EletrobrasTermonuclear S.A. (Brazil)
    • ENGIE Electrabel (Belgium)
    • Exelon Corporation (USA)
    • GE Hitachi Nuclear Energy (USA)
    • Korea Hydro & Nuclear Power Co., Ltd. (South Korea)
    • Mitsubishi Heavy Industries Ltd. (Japan)
    • Mitsubishi Nuclear Fuel Co., Ltd. (Japan)
    • NNEGC Energoatom (Ukraine)
    • Nuclear Power Corporation of India Limited (India)
    • Ontario Power Generation (Canada)
    • Orano (France)
    • ROSATOM (Russia)
    • Atomstroyexport (Russia)
    • Shanghai Electric Group Company Limited (China)
    • Tokyo Electric Power Company Holdings (Japan)
    • Toshiba Corporation (Japan)
    • Vattenfall AB (Sweden)
  • 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 Mitigating Concerns 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: World Current & Future Analysis for Nuclear Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2020 through 2027 and % CAGR
    • TABLE 2: World Historic Review for Nuclear Power by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
    • TABLE 3: World 15-Year Perspective for Nuclear Power by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

  • UNITED STATES
    • TABLE 4: USA Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 5: USA Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • CANADA
    • TABLE 6: Canada Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 7: Canada Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • JAPAN
    • TABLE 8: Japan Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 9: Japan Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • CHINA
    • TABLE 10: China Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 11: China Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • EUROPE
    • TABLE 12: Europe Current & Future Analysis for Nuclear Power by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2020 through 2027 and % CAGR
    • TABLE 13: Europe Historic Review for Nuclear Power by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
    • TABLE 14: Europe 15-Year Perspective for Nuclear Power by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2020 & 2027
  • FRANCE
    • TABLE 15: France Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 16: France Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • GERMANY
    • TABLE 17: Germany Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 18: Germany Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • ITALY
    • TABLE 19: Italy Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 20: Italy Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • UNITED KINGDOM
    • TABLE 21: UK Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 22: UK Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • REST OF EUROPE
    • TABLE 23: Rest of Europe Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 24: Rest of Europe Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • ASIA-PACIFIC
    • TABLE 25: Asia-Pacific Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 26: Asia-Pacific Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR
  • REST OF WORLD
    • TABLE 27: Rest of World Current & Future Analysis for Nuclear Power by Segment - Nuclear Power - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for the Years 2020 through 2027 and % CAGR
    • TABLE 28: Rest of World Historic Review for Nuclear Power by Segment - Nuclear Power Markets - Independent Analysis of Annual Sales in Terawatt-hours (TWh) for Years 2012 through 2019 and % CAGR

IV. COMPETITION

  • Total Companies Profiled: 84