Global Nuclear Power Plant Market Overview:
Nuclear power plant (NPP) uses nuclear fission reaction to heat water to produce steam which runs the turbines to generate electricity. The fission process occurs inside the reactor where uranium fuel is stored in its core. Considering the high fuel to output ratio produced by these power plants, countries are heavily investing in development of nuclear power plant. United States accounts for 20% of their total electricity production through nuclear power plant as of 2018. Also, Developing countries such as Russia, India and China are constructing considerable amount of nuclear power plant to meet their energy needs.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Focus on Developing Risk Free and Secured Power Plant and Growing Demand for Floating Nuclear Power Plant to Mitigate Damage Caused Upon Failure
Market Growth Drivers:
Growing Focus on Clean Energy Development Across the World, Ability to Offer High Fuel to Power Output Ratio and Reliable and Low Operational Cost of Nuclear Power Plant
Challenges:
Environmental Impact of Mining and Processing Uranium Which is Used as a Raw Material and Growing Focus on Development of Green Energy Sources Such as Solar and Wind
Restraints:
Issue Related with Radioactive Waste Disposal Owing to Potential Harm It may Cause and High Initial Cost Involved in Setting Up the Nuclear Power Plant
Opportunities:
Growing Investment in Nuclear Power Plant Among Developing Countries Such as China and India and Advancement in Technology Led to Rise in Hybrid Nuclear Power Plant
Competitive Landscape:
Some of the key players profiled in the report are Exelon Nuclear (United States), Rosenergoatom (Russia), Duke Energy (United States), Entergy Corporation (United States), FirstEnergy (United States), E.On (Germany), Kepco (South Korea), NextEra Energy Resources (United States), Magnox (United Kingdom), Tennessee Valley Authority (United States), RWE (Germany), Dominion Resources (United States) and Southern Company (United States). Additionally, following companies can also be profiled that are part of our coverage like Larsen & Toubro Ltd (India), Mitsubishi Heavy Industries, Ltd (Japan), Dongfang Electric Corp Limited (China), Westinghouse Electric Corporation (United States) and Doosan (South Korea). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Nuclear Power Plant market by 2027.
International Atomic Energy Agency (IAEA), headquartered in Austria, is the international body which encourage the peaceful use of nuclear energy worldwide. The IAEA has set up the Safety Requirements (earlier Codes), providing a good basis for the safety of nuclear power plants. This governing body focus on design, operation, siting, quality assurance and government focus over nuclear power plants. The purpose of monitoring aforesaid points is to ensure optimum safety of workers and minimize the environmental impact.
Analyst View
"As of February 2019, there as total 11 nuclear power plants are under construction in China, 7 in India, 6 in Russia, 5 in South Korea, 4 in United Arab Emirates and 2 each in Bangladesh, United States, Pakistan, Belarus, Japan, Slovakia and Ukraine. Also, Brazil, Finland, Turkey, France, United Kingdom and Argentina are constructing the nuclear power plant a piece."
What Can be Explored with the Nuclear Power Plant Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Nuclear Power Plant Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Nuclear Power Plant
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Nuclear Power Plant market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Nuclear Power Plant market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Nuclear Power Plant Companies, Components Manufacturers, Distributors/Suppliers, Government Agencies, Environmental Protection Bodies, Research Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.