Nuclear Power Plant and Equipment

Nuclear Power Plant and Equipment

Global Nuclear Power Plant and Equipment Market to Reach $53.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Nuclear Power Plant and Equipment estimated at US$38.3 Billion in the year 2020, is projected to reach a revised size of US$53.6 Billion by 2027, growing at a CAGR of 4.9% over the period 2020-2027.

The U.S. Market is Estimated at $11.2 Billion, While China is Forecast to Grow at 4.8% CAGR

The Nuclear Power Plant and Equipment market in the U.S. is estimated at US$11.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.6 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.6% and 4.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% 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


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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
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 2020 through 2027 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 2012 through 2019 and % CAGR
TABLE 3: World 15-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 2012, 2021 & 2027
TABLE 4: World Nuclear Power Plant and Equipment Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (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 2020 through 2027 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 2012 through 2019 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 2020 through 2027 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 2012 through 2019 and % CAGR
JAPAN
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (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 2020 through 2027 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 2012 through 2019 and % CAGR
CHINA
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (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 2020 through 2027 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 2012 through 2019 and % CAGR
EUROPE
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (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 2020 through 2027 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 2012 through 2019 and % CAGR
TABLE 15: Europe 15-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 2012, 2021 & 2027
FRANCE
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (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 2020 through 2027 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 2012 through 2019 and % CAGR
GERMANY
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (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 2020 through 2027 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 2012 through 2019 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 2020 through 2027 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 2012 through 2019 and % CAGR
UNITED KINGDOM
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (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 2020 through 2027 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 2012 through 2019 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 2020 through 2027 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 2012 through 2019 and % CAGR
ASIA-PACIFIC
Nuclear Power Plant and Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (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 2020 through 2027 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 2012 through 2019 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 2020 through 2027 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 2012 through 2019 and % CAGR
IV. COMPETITION

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