Nuclear Electricity Market 2021 Competitive Insights and Global Developments- EDF Group, Exelon Corp, Duke Energy Corp, Enel SpA, NextEra Energy, Inc

Global Nuclear Electricity Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Nuclear Electricity market size, demand and revenue. The current Nuclear Electricity market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The global nuclear electricity market is expected to grow from $65.24 in billion 2020 to $66.42 billion in 2021 at a compound annual growth rate (CAGR) of 1.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $76.74 billion in 2025 at a CAGR of 4%.

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Market Scope:

Markets Covered:
1) By Reactor Type: 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) 2) By End-User: Residential; Commercial; Industrial 3) By Technology: Generation I, Generation II, Generation III, and Generation IV
Companies Mentioned: EDF Group; Exelon Corp; Duke Energy Corp; Enel SpA; NextEra Energy, Inc
Countries: Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA and Australia
Regions: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Time series: Five years historic and forecast.

Industry Growth:

The growing demand for electricity is expected to be a key driver of the nuclear electric power generation market in the forecast period. This can be attributed to growing economies, rising populations, especially in developing countries such as China, India, Brazil, and some African countries. According to the International Energy Agency (2019), global electricity demand rises at 2.1% per year to 2040, twice the rate of primary energy demand. This raises electricity’s share in total final power consumption from 19% in 2018 to 24% in 2040. China and India will account for a major portion of this growth. According to the government data, India's energy consumption increased 13.38 percent to 110.94 billion units (BU) in October 2020, mainly driven by buoyancy in industrial and commercial activities. Furthermore, the global household appliances 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 nuclear electric power generation market going forward.

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Executive Summary:

The nuclear electric power generation industry includes establishments that operate nuclear power plants which use uranium as a fuel to generate electricity. Nuclear power plants use the heat produced during nuclear fission. In nuclear fission, which takes place inside the reactor of a nuclear power plant, atoms are split apart to form smaller atoms, releasing energy. The heat produced in the reactor core during nuclear fission is used to boil water into steam, which converts the blades of a steam turbine. As the turbine blades turn, they drive generators that produce electricity. The electrical energy produced is directly provided to power transmission systems, which are used to move large quantities of power from generating facilities to substations and distribution systems, which are used for short distances, generally to transport electricity to customers locally.
The nuclear electric power generation market covered in this report is segmented by reactor type into pressurized water reactors, fast breeder reactor, pressurized heavy-water reactor, boiling water reactor,  light water graphite reactor, gas-cooled reactor and by end-user into residential, commercial, industrial. Nuclear technology provides large amounts of power with significantly low carbon emissions. According to the world nuclear association (WNA) 2020, Nuclear energy now provides about 10% of the world's electricity from about 440 power reactors. Around 50 more reactors are under construction, equivalent to around 15% of the existing capacity. In 2019 nuclear plants provided 2657 TWh of electricity, up from 2563 TWh in 2018. New nuclear markets such as Bangladesh, Turkey, and Vietnam are also making progress in the nuclear power generation plant construction. According to a report by the International Atomic Energy Agency (IAEA) on nuclear power generation, in 2018, 11% of the worlds total electricity was provided by nuclear power plants, and 12 countries were using nuclear power for at least 30% of their national power generation.

Regional Analysis For Nuclear Electricity Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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– Detailed overview of Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value

– Recent industry trends and developments

– Competitive landscape of Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2030 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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