Dublin, April 04, 2023 (GLOBE NEWSWIRE) -- The "Nuclear Power Plant and Equipment: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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 (Electricite 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 for 2023?
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 294 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $82.5 Billion |
| Forecasted Market Value (USD) by 2030 | $103.1 Billion |
| Compound Annual Growth Rate | 2.8% |
| Regions Covered | Global |
Key Topics Covered:
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
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 2C 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
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/e24o0c
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