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Nuclear Power Plant and Equipment: Global Strategic Business Report

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    Report

  • 294 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1056059

Global Nuclear Power Plant and Equipment Market to Reach $103.1 Billion by 2030

The global market for Nuclear Power Plant and Equipment estimated at US$82.5 Billion in the year 2022, is projected to reach a revised size of US$103.1 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2022-2030.

The U.S. Market is Estimated at $24.1 Billion, While China is Forecast to Grow at 2.7% CAGR

The Nuclear Power Plant and Equipment market in the U.S. is estimated at US$24.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2030 trailing a CAGR of 2.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% 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 (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

What's New?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Frequently Asked Questions about the Global Market for Nuclear Power Plant and Equipment

What is the estimated value of the Global Market for Nuclear Power Plant and Equipment?

The Global Market for Nuclear Power Plant and Equipment was estimated to be valued at $82.5 Billion in 2022.

What is the growth rate of the Global Market for Nuclear Power Plant and Equipment?

The growth rate of the Global Market for Nuclear Power Plant and Equipment is 2.8%, with an estimated value of $103.1 Billion by 2030.

What is the forecasted size of the Global Market for Nuclear Power Plant and Equipment?

The Global Market for Nuclear Power Plant and Equipment is estimated to be worth $103.1 Billion by 2030.

Who are the key companies in the Global Market for Nuclear Power Plant and Equipment?

Key companies in the Global Market for Nuclear Power Plant and Equipment include 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 and ENGIE Electrabel.

Table of Contents

I. METHODOLOGYII. 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
  • Nuclear Power - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
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: World Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 2: World Historic Review for Nuclear Power Plant and Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 3: World 16-Year Perspective for Nuclear Power Plant and Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2023 & 2030
  • Table 4: World Nuclear Power Plant and Equipment Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • Table 5: USA Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 6: USA Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CANADA
  • Table 7: Canada Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 8: Canada Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
JAPAN
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Table 9: Japan Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 10: Japan Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
CHINA
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Table 11: China Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 12: China Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
EUROPE
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Table 13: Europe Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • Table 14: Europe Historic Review for Nuclear Power Plant and Equipment by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • Table 15: Europe 16-Year Perspective for Nuclear Power Plant and Equipment by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2014, 2023 & 2030
FRANCE
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • Table 16: France Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 17: France Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
GERMANY
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • Table 18: Germany Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 19: Germany Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ITALY
  • Table 20: Italy Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 21: Italy Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
UNITED KINGDOM
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • Table 22: UK Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 23: UK Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF EUROPE
  • Table 24: Rest of Europe Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 25: Rest of Europe Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
ASIA-PACIFIC
  • Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • Table 26: Asia-Pacific Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 27: Asia-Pacific Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
REST OF WORLD
  • Table 28: Rest of World Recent Past, Current & Future Analysis for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
  • Table 29: Rest of World Historic Review for Nuclear Power Plant and Equipment by Segment - Nuclear Power Plant and Equipment Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 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