Nuclear Power in the US - Industry Market Research Report

Power Struggle: Increased Electric Power Consumption Alongside Higher Electricity Prices Are Expected to Boost Industry Demand

Nuclear power companies produce electricity by heating water in a reactor via nuclear fission and using the produced steam to spin large turbines. The United States has more nuclear electricity generation capacity than any other country, generating more than 778.2 billion kilowatt-hours of electricity alone, according to the Energy Information Administration's (EIA) most recent Electric Power Monthly report. Even so, public concerns about the safety of nuclear power have increased. Nuclear power producers have also faced rising competition from renewable and traditional energy sources. In response, nuclear capacity additions have slowed and older facilities have steadily closed. This industry consists of companies that operate nuclear-powered, electricity generation plants. The power plants use nuclear fuel to generate steam, which in turn is used to power turbines that generate electric power. The electricity reaches end users via transmission or distribution systems. This industry excludes government-owned nuclear facilities. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.