Nuclear Power Plant and Equipment Global Market to Reach $103.1 Billion by 2030: Uranium Prices to Power Higher in Sync with Growing Global Nuclear Power Capacity

DUBLIN, April 7, 2023 /PRNewswire/ -- 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:

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/v0qhk0

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