Nuclear Electricity Market 2023 - Key Players, Industry Demand, Share, Market Size, Future Trends, Growth Rate And Outlook By 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Nuclear Electricity Market Report 2023 identifies growing demand for electricity as the major driver for the Nuclear Electricity Market 's growth in the forecast period. This can be attributed to growing economies and 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 by 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. Both China and India will account for a major portion of this growth.

The global nuclear electricity market size will grow from $204.41 billion in 2022 to $217.4 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global nuclear electricity market size is expected to grow to $271.08 billion in 2027 at a CAGR of 5.7%.

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Major competitors in the Nuclear Electricity Market are EDF Group, Exelon Corp., Duke Energy Corp., Enel SpA, and NextEra Energy, Inc.

A key trend in the Nuclear Electricity Market includes power generation industry. The industry is becoming increasingly vulnerable to a rising number of cyber-attacks. For instance, on October 2022, Tata Power, an Indian-based electric power distribution company, suffered a cyber-attack for which the company has taken steps to retrieve and restore the systems.

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Nuclear Electricity Market is segmented -
• 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)
• By End-User: Residential, Commercial, Industrial
• By Technology: Generation I, Generation II, Generation III, and Generation IV
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Nuclear Electricity Market .

The Business Research Company's "Global Nuclear Electricity Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Nuclear Electricity Market Include:

1. Executive Summary
2. Nuclear Electricity Market Characteristics
3. Nuclear Electricity Market Trends And Strategies
4. Nuclear Electricity Market - Macro Economic Scenario
5. Nuclear Electricity Market Size And Growth
………………………………………………..
26. Africa Nuclear Electricity Market
27. Nuclear Electricity Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Nuclear Electricity Market
29. Nuclear Electricity Market Future Outlook and Potential Analysis
30. Appendix

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