Nuclear Power Market
The global nuclear power market is expected to record a CAGR of approximately 1.2% during the forecast period 2022–2030, reaching a nuclear installed capacity of 440.23 GW by 2022 from 389.68 GW in 2021.
The foundation of producing low-carbon electricity is nuclear and hydropower. They provide 75 percent of the world’s low-carbon generation together. Nuclear power has cut CO2 emissions by more than 60 gigatonnes during the past 50 years, or nearly two years’ worth of global energy-related emissions. However, nuclear power has started to lose popularity in rich economies, with reactors closing and little new investment undertaken at a time when the world needs more low-carbon electricity. The focus of this research is on nuclear power’s function in industrialised economies and the circumstances that could lead to its demise in the future. Without intervention, nuclear power in industrialised nations might decrease by two thirds by 2040, according to research. The effects of a “nuclear fade case” like that on prices, emissions, and electricity The New Policies Scenario and the Sustainable Development Scenario assess security using two World Energy Outlook scenarios. The Sustainable Development Scenario illustrates the enormous challenge of reducing CO2 emissions at the rate required by the Paris Agreement.
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With the future of nuclear power uncertain in many nations, the world runs the risk of seeing a sharp fall in its use in industrialised economies, which would add billions of tonnes of carbon dioxide to the atmosphere. Due to worries about safety and other factors, some nations have chosen not to use nuclear power. While many others continue to believe that nuclear energy may play a part in their energy transitions, they are not taking sufficient action to achieve their objectives. The first report on nuclear power to be published in nearly 20 years brings this crucial subject back into the discussion of global energy.
With 452 operational reactors producing 2700 TWh of electricity in 2018, or 10% of the world’s electricity supply, nuclear power is currently the second-largest source of low-carbon electricity.
Nuclear power has long been the main source of low-carbon electricity in affluent economies, accounting for 18% of the supply in 2018. However, nuclear is losing ground swiftly. The world added 11.2 GW of new nuclear capacity to power grids in 2018, the most since 1990, but most of these additions were in China and Russia.
Market Segmentation:
Global Nuclear Power Market: Major Players
Hitachi-GE Nuclear Energy Ltd
Alstom SA
Palladin Energy
Nucleoelectrica Argentina
Dongfang Electric Corporation Ltd
Exelon Generation Co, LLC
Shanghai Electric
Mitsubishi Heavy Industries Ltd
China Guangdong Nuclear Power Group
Larsen & Toubro Ltd
United Uranium
Babcock & Wilcox Company
Doosan Heavy Industries & Construction Co. Ltd.
Areva SA
Korea Hydro & Nuclear Power Co Ltd
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Global Nuclear Power Market: Types
Island Equipment
Auxiliary Equipment
Global Nuclear Power Market: Applications
Small Nuclear Power Plant
Medium Nuclear Power Plant
Large Nuclear Power Plant
Key Points:
Define, describe and forecast Nuclear Power product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
