DUBLIN – (COMMERCIAL THREAD) – The report “Global nuclear electricity market report 2021: impact and recovery of COVID-19 until 2030” has been added to ResearchAndMarkets.com offer.
The Global Nuclear Power Market 2021: Impact and Recovery of COVID-19 to 2030 report provides strategists, marketers and senior management with the essential information they need to assess the global nuclear power market. nuclear electricity coming out of the COVID-19 shutdown.
The main players in the nuclear electricity market are EDF Group, Exelon Corp, Duke Energy Corp, Enel SpA and NextEra Energy, Inc.
The global nuclear electricity market is expected to grow from $ 1,947.2 billion in 2020 to $ 2,078.17 billion in 2021 at a compound annual growth rate (CAGR) of 6.7%.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges.
The market is expected to reach $ 2,762.29 billion in 2025 at a CAGR of 7%.
The nuclear electricity market consists of the sale of nuclear electrical energy and related services that convert nuclear energy into electrical energy. The nuclear electricity industry includes establishments that operate nuclear power plants that use uranium as fuel to generate electricity.
Rising demand for electricity is expected to be a key driver of the nuclear power generation market during the forecast period. This can be attributed to growing economies, increasing population, especially in developing countries such as China, India, Brazil and some African countries. According to the International Energy Agency (2019), global electricity demand is growing by 2.1% per year until 2040, which is twice the rate of primary energy demand.
This brings the share of electricity in total final electricity consumption from 19% in 2018 to 24% in 2040. China and India will account for a significant share of this growth. According to government data, India’s energy consumption increased by 13.38% to reach 110.94 billion units (BU) in October 2020, mainly thanks to the dynamism of industrial and commercial activities. In addition, the global home appliance market is expected to grow from $ 283.8 billion in 2018 to $ 396.2 billion in 2022 at a CAGR of 8.7%, supporting the demand for electricity and driving the market forward. nuclear power generation.
The power generation industry and downstream power distribution industries are digitizing their assets and increasingly relying on technology. The industry is increasingly vulnerable to the growing number of cyber attacks. For example, in September 2019, Kudankulam Nuclear Power Plant (KKNPP), which is India’s largest nuclear power plant and supplies power to the South Indian power grid, suffered a cyberattack in which the administrative grid of the nuclear power plant was violated during the attack.
The nuclear electricity market covered in this report is segmented by Reactor Type into Pressurized Water Reactors, Fast Breeder Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, Graphite Light Water Reactor, Water Cooled Reactor. gas and by end user in residential, commercial, industrial.
Global issues such as energy security, climate change, and growing demand for electricity have led to an increase in the use of nuclear energy for power generation. Nuclear technology provides large amounts of energy with significantly low carbon emissions. According to the World Nuclear Association (WNA) 2020, nuclear power now provides around 10% of the world’s electricity from around 440 power reactors.
About fifty additional reactors are under construction, which is equivalent to around 15% of the existing capacity. In 2019, nuclear power plants provided 2,657 TWh of electricity, up from 2,563 TWh in 2018. New nuclear markets such as Bangladesh, Turkey and Vietnam are also making progress in building nuclear power plants. According to an International Atomic Energy Agency (IAEA) report on nuclear power generation, in 2018, 11% of the world’s total electricity was supplied by nuclear power plants, and 12 countries used nuclear power for at least 30% of their national consumption. energy production.
Main topics covered:
2. Characteristics of the nuclear electricity market
3. Trends and strategies in the nuclear electricity market
4. Impact of COVID-19 on nuclear power generation
5. Size and growth of the nuclear electricity market
5.1. Historical global nuclear power generation market, 2015-2020, in USD billion
5.1.1. Market drivers
5.1.2. Market constraints
5.2. Global Nuclear Power Generation Forecast Market, 2020-2025F, 2030F, in USD Billions
5.2.1. Market drivers
5.2.2. Market constraints
6. Segmentation of the nuclear electricity market
6.1. Global nuclear electricity market, segmentation by reactor type, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
- Pressurized water reactors (PWR)
- Fast Breeder Reactor (FBR)
- Pressurized Heavy Water Reactor (PHWR)
- Boiling water reactor (BWR)
- Light Water Graphite Reactor (LWGR)
- Gas-cooled reactor (GCR)
6.2. Global nuclear electricity market, segmentation by end user, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
6.3. Global nuclear electricity market, segmentation by technology, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
- Generation I
- Generation II
- Generation III
- Generation IV
7. Regional and national analysis of the nuclear electricity market
7.1. Global nuclear electricity market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
7.2. Global nuclear electricity market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars
- EDF Group
- Exelon Corp
- Duke Energy Corp
- Enel SpA
- NextEra Energy, Inc
For more information on this report, visit https://www.researchandmarkets.com/r/qnta6v