Nuclear Electric Power Generation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Nuclear fission is used to produce power in nuclear power plants. Atoms are split apart to form smaller atoms in nuclear fission, releasing energy. Nuclear reactors and the Rankine cycle are used to carry out this process. This process uses a reactor and the Rankine cycle to generate heat. The reactor converts water into steam, which spins a turbine and generator. Nuclear power plants, which use uranium as a fuel to generate electricity, are part of this industry. The heat generated by a nuclear reactor core's burning is used to boil water into steam, transforming the stains on a hot engine. Turbine spots rotate, driving generators that produce electricity. Nuclear power plants either use water from lakes, rivers, or oceans to cool the water and get into it in a separate building at the power plant known as a cooling tower, or they use water from lakes, rivers, or oceans. After that, the distilled water is used to generate steam.

MARKET SCOPE

The "Global Nuclear Electric Power Generation Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the nuclear electric power generation market with detailed market segmentation by type, industry vertical, and geography. The report provides key statistics on the market status of the leading nuclear electric power generation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•  Based on type, the market is segmented into boiling water reactor, pressurized heavy water reactor, fast breeder reactor, pressurized water reactor, high temperature gas cooled reactor, and others.
  
•  Based on industry vertical, the market is segmented into energy and power, automotive, and others.
  

MARKET DYNAMICS

Drivers:

•  Acceptance of nuclear technology as a possible alternative to nuclear energy is expected to boost the market growth.
  
•  Rising energy demand for cleaner electricity generation is the primary driver of market expansion. Because of the large number of nuclear power plants available, Asia-Pacific is considered to be the largest market.
  
•  The rapid expansion of a variety of industries worldwide has increased energy demand.
  

Restraints:

•  The high final cost of hazardous waste generated by power plants is expected to hinder market growth in the future.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The nuclear electric power generation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the nuclear electric power generation market in these regions.

IMPACT OF COVID-19 ON NUCLEAR ELECTRIC POWER GENERATION MARKET

The outbreak of the COVID-19 has severely impacted the energy sector. The major players in the nuclear electric power generation market includes General Electric, Bruce Power, CEZ Group, Duke Energy Corporation, and EDF Group. COVID-19 has severely impacted their businesses. Labor shortage during the pandemic The COVID-19 affected the nuclear electric power generation market globally, owing to labor shortage. However, the market is expected to witness notable growth in the forecast period.

MARKET PLAYERS

The report covers key developments in the nuclear electric power generation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of the business and customer base of market players. The market players from the nuclear electric power generation market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nuclear electric power generation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•  Bruce Power
  
•  CEZ Group
  
•  Duke Energy Corporation.
  
•  EDF Group
  
•  Enel SpA
  
•  Exelon Corporation
  
•  GENERAL ELECTRIC
  
•  Tokyo Electric Power Company Holdings, Inc.
  
•  Toshiba Corporation
  
•  Vattenfall AB
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Nuclear Electric Power Generation Report Scope