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Nuclear Power - Global Market Trajectory & Analytics

  • ID: 1056059
  • Report
  • September 2020
  • Region: Global
  • 146 Pages
  • Global Industry Analysts, Inc
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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. We bring years of research experience to this 19th edition of our report. The 146-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 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 (Electricité 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
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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
  • 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 (Electricité 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: Nuclear Power Global Market Estimates and Forecasts in Terawatt-hours (TWh) by Region/Country: 2020-2027
  • TABLE 2: Nuclear Power Global Retrospective Market Scenario in Terawatt-hours (TWh) by Region/Country: 2012-2019
  • TABLE 3: Nuclear Power Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • Market Analytics
  • TABLE 4: United States Nuclear Power Market Estimates and Projections in Terawatt-hours (TWh): 2020 to 2027
  • TABLE 5: Nuclear Power Market in the United States: A Historic Review in Terawatt-hours (TWh) for 2012-2019
CANADA
  • TABLE 6: Canadian Nuclear Power Market Estimates and Forecasts in Terawatt-hours (TWh): 2020 to 2027
  • TABLE 7: Canadian Nuclear Power Historic Market Review in Terawatt-hours (TWh): 2012-2019
JAPAN
  • TABLE 8: Japanese Market for Nuclear Power: Annual Sales Estimates and Projections in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 9: Nuclear Power Market in Japan: Historic Sales Analysis in Terawatt-hours (TWh) for the Period 2012-2019
CHINA
  • TABLE 10: Chinese Nuclear Power Market Growth Prospects in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 11: Nuclear Power Historic Market Analysis in China in Terawatt-hours (TWh): 2012-2019
EUROPE
  • Market Facts & Figures
  • Market Analytics
  • TABLE 12: European Nuclear Power Market Demand Scenario in Terawatt-hours (TWh) by Region/Country: 2020-2027
  • TABLE 13: Nuclear Power Market in Europe: A Historic Market Perspective in Terawatt-hours (TWh) by Region/Country for the Period 2012-2019
  • TABLE 14: European Nuclear Power Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
  • TABLE 15: Nuclear Power Market in France: Estimates and Projections in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 16: French Nuclear Power Historic Market Scenario in Terawatt-hours (TWh): 2012-2019
GERMANY
  • TABLE 17: Nuclear Power Market in Germany: Recent Past, Current and Future Analysis in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 18: German Nuclear Power Historic Market Analysis in Terawatt-hours (TWh): 2012-2019
ITALY
  • TABLE 19: Italian Nuclear Power Market Growth Prospects in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 20: Nuclear Power Historic Market Analysis in Italy in Terawatt-hours (TWh): 2012-2019
UNITED KINGDOM
  • TABLE 21: United Kingdom Market for Nuclear Power: Annual Sales Estimates and Projections in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 22: Nuclear Power Market in the United Kingdom: Historic Sales Analysis in Terawatt-hours (TWh) for the Period 2012-2019
REST OF EUROPE
  • TABLE 23: Rest of Europe Nuclear Power Market Estimates and Forecasts in Terawatt-hours (TWh): 2020-2027
  • TABLE 24: Nuclear Power Market in Rest of Europe in Terawatt-hours (TWh): A Historic Review for the Period 2012-2019
ASIA-PACIFIC
  • TABLE 25: Nuclear Power Market in Asia-Pacific: Estimates and Projections in Terawatt-hours (TWh) for the Period 2020-2027
  • TABLE 26: Asia-Pacific Nuclear Power Historic Market Scenario in Terawatt-hours (TWh): 2012-2019
REST OF WORLD
  • TABLE 27: Rest of World Nuclear Power Market Estimates and Forecasts in Terawatt-hours (TWh): 2020 to 2027
  • TABLE 28: Rest of World Nuclear Power Historic Market Review in Terawatt-hours (TWh): 2012-2019
IV. COMPETITION
  • Total Companies Profiled: 84
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