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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