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At a compound annual growth rate (CAGR) of 4.8% over the forecast period (2023-2030), the size of the global nuclear energy market is expected to increase from USD 82.59 billion in 2022 to USD 105.79 billion by 2030.
As more efficient means of harnessing the energy contained in nuclear reactions become available, the worldwide nuclear energy market has become increasingly important. Nuclear reactors are used in industrial settings to create heat and power using nuclear fission reactions in a regulated environment. This alternative energy source produces negligible levels of carbon dioxide during usage, making it an excellent replacement for fossil fuels.
Construction and maintenance of nuclear power plants, availability of nuclear fuel, compliance with safety requirements, and advancements in nuclear technology are all factors that influence the expansion of the worldwide nuclear energy industry. Reducing carbon emissions in the context of climate change is a primary goal of the global nuclear energy market, which is also committed to meeting the world's growing energy needs.
Key market drivers include the increasing need for clean energy, technological advances in the nuclear industry, and government programs aimed at reducing carbon emissions. The market also faces other difficulties, such as the safe and legal disposal of nuclear waste and the complexity of related regulations. The United States, China, France, and Russia are among the most prominent regions in the nuclear power business, with other economies working hard to catch up. Despite public skepticism, the global nuclear energy market is playing an increasingly important role in the energy sector and helping to pave the way toward a more diverse and sustainable energy future.
Energy consumption has grown in the past because of technological progress embedded in daily routines. Energy worries are predicted to increase as the demand for clean power continues to rise and fossil fuel stocks continue to dwindle. Because of these worries, utilities and governments are spending more money on nuclear power. Rising energy demand might meet the need brought on by expanding infrastructure without having a negative effect on the environment, hence the industry is expected to expand rapidly.
As a result of COVID-19, several sectors have experienced disruptions in production and distribution. As a result of a lack of workers, many businesses had to shut down. Nonetheless, the effects of COVID-19 are causing a slow but steady drop in the nuclear power plants and equipment market's equipment category. Both the supply and demand sides of the nuclear power and nuclear fuel sector have been impacted by the COVID-19 epidemic. As some mines and nuclear fuel cycle plants close soon for health concerns, the impact will be felt most on the supply side of uranium. Because of this, the cost of uranium has increased since hitting a low point in mid-March of 2020. Due to the nature of electricity demand relative to oil demand, the demand for nuclear power is directly linked to the need for nuclear fuel, which has been hurt heavily by COVID-19 although not quite as much as by COVID. The share of the usage of the electricity industry was significant during the global constraint. Demand for nuclear power plants and equipment surged as a result of the rise in household electricity use, which was only partially offset by the reduction in services and industry.
Interest in nuclear energy as a stable and low-carbon energy source is being driven by the increased emphasis on decreasing carbon emissions and preventing climate change. The nuclear power industry is an important part of the transition to more sustainable energy systems because it can reliably generate significant amounts of electricity without releasing greenhouse gases.
The use of neural monitoring systems in orthopedic surgery is on the rise, particularly for spinal operations. Surgeons are increasingly turning to these tools to ensure the safety of the spinal cord and nerves during complex procedures. An expanding awareness of nerve-related difficulties in orthopedic procedures is driving the adoption of these devices and the growth of the market.
Report Coverage
Global Nuclear Energy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nuclear Energy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nuclear Energy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nuclear Energy market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nuclear Energy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nuclear Energy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
EDF (Electricité de France), Exelon Corporation, Rosatom, E.ON SE, Tokyo Electric Power Company Holdings (TEPCO), Dominion Energy, Southern Company, China National Nuclear Corporation (CNNC), Korea Electric Power Corporation (KEPCO), Nuclear Energy Corporation of South Africa (NECSA), Ontario Power Generation, Electric Power Development Co., Ltd. (J-Power), Nucleoeléctrica Argentina S.A. (NA-SA), Engie, Vattenfall AB, Areva Group, Fortum Corporation, TVO (Teollisuuden Voima Oyj), Kansai Electric Power Co., Inc., Duke Energy Corporation.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nuclear Energy market based on the below-mentioned segments:
Global Nuclear Energy Market, By Type
Nuclear Fission
Nuclear Fusion
Nuclear Decay
Global Nuclear Energy market, By Application
Electricity Generation
Industrial Process Heat
Research and Development
Desalination
Global Nuclear Energy market, Regional Analysis
As more efficient means of harnessing the energy contained in nuclear reactions become available, the worldwide nuclear energy market has become increasingly important. Nuclear reactors are used in industrial settings to create heat and power using nuclear fission reactions in a regulated environment. This alternative energy source produces negligible levels of carbon dioxide during usage, making it an excellent replacement for fossil fuels.
Construction and maintenance of nuclear power plants, availability of nuclear fuel, compliance with safety requirements, and advancements in nuclear technology are all factors that influence the expansion of the worldwide nuclear energy industry. Reducing carbon emissions in the context of climate change is a primary goal of the global nuclear energy market, which is also committed to meeting the world's growing energy needs.
Key market drivers include the increasing need for clean energy, technological advances in the nuclear industry, and government programs aimed at reducing carbon emissions. The market also faces other difficulties, such as the safe and legal disposal of nuclear waste and the complexity of related regulations. The United States, China, France, and Russia are among the most prominent regions in the nuclear power business, with other economies working hard to catch up. Despite public skepticism, the global nuclear energy market is playing an increasingly important role in the energy sector and helping to pave the way toward a more diverse and sustainable energy future.
Energy consumption has grown in the past because of technological progress embedded in daily routines. Energy worries are predicted to increase as the demand for clean power continues to rise and fossil fuel stocks continue to dwindle. Because of these worries, utilities and governments are spending more money on nuclear power. Rising energy demand might meet the need brought on by expanding infrastructure without having a negative effect on the environment, hence the industry is expected to expand rapidly.
As a result of COVID-19, several sectors have experienced disruptions in production and distribution. As a result of a lack of workers, many businesses had to shut down. Nonetheless, the effects of COVID-19 are causing a slow but steady drop in the nuclear power plants and equipment market's equipment category. Both the supply and demand sides of the nuclear power and nuclear fuel sector have been impacted by the COVID-19 epidemic. As some mines and nuclear fuel cycle plants close soon for health concerns, the impact will be felt most on the supply side of uranium. Because of this, the cost of uranium has increased since hitting a low point in mid-March of 2020. Due to the nature of electricity demand relative to oil demand, the demand for nuclear power is directly linked to the need for nuclear fuel, which has been hurt heavily by COVID-19 although not quite as much as by COVID. The share of the usage of the electricity industry was significant during the global constraint. Demand for nuclear power plants and equipment surged as a result of the rise in household electricity use, which was only partially offset by the reduction in services and industry.
Interest in nuclear energy as a stable and low-carbon energy source is being driven by the increased emphasis on decreasing carbon emissions and preventing climate change. The nuclear power industry is an important part of the transition to more sustainable energy systems because it can reliably generate significant amounts of electricity without releasing greenhouse gases.
The use of neural monitoring systems in orthopedic surgery is on the rise, particularly for spinal operations. Surgeons are increasingly turning to these tools to ensure the safety of the spinal cord and nerves during complex procedures. An expanding awareness of nerve-related difficulties in orthopedic procedures is driving the adoption of these devices and the growth of the market.
Report Coverage
Global Nuclear Energy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Nuclear Energy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Nuclear Energy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Nuclear Energy market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | EDF (Electricité de France), Exelon Corporation, Rosatom, E.ON SE, Tokyo Electric Power Company Holdings (TEPCO), Dominion Energy, Southern Company, China National Nuclear Corporation (CNNC), Korea Electric Power Corporation (KEPCO), Nuclear Energy Corporation of South Africa (NECSA), Ontario Power Generation, Electric Power Development Co., Ltd. (J-Power), Nucleoeléctrica Argentina S.A. (NA-SA), Engie, Vattenfall AB, Areva Group, Fortum Corporation, TVO (Teollisuuden Voima Oyj), Kansai Electric Power Co., Inc., Duke Energy Corporation. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Nuclear Energy Market from 2021 to 2030.
- Market Forecast for Nuclear Energy Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Nuclear Energy competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Nuclear Energy
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Nuclear Energy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Nuclear Energy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
EDF (Electricité de France), Exelon Corporation, Rosatom, E.ON SE, Tokyo Electric Power Company Holdings (TEPCO), Dominion Energy, Southern Company, China National Nuclear Corporation (CNNC), Korea Electric Power Corporation (KEPCO), Nuclear Energy Corporation of South Africa (NECSA), Ontario Power Generation, Electric Power Development Co., Ltd. (J-Power), Nucleoeléctrica Argentina S.A. (NA-SA), Engie, Vattenfall AB, Areva Group, Fortum Corporation, TVO (Teollisuuden Voima Oyj), Kansai Electric Power Co., Inc., Duke Energy Corporation.
Primary Target Market
- Market Players of Nuclear Energy
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Nuclear Energy market based on the below-mentioned segments:
Global Nuclear Energy Market, By Type
Nuclear Fission
Nuclear Fusion
Nuclear Decay
Global Nuclear Energy market, By Application
Electricity Generation
Industrial Process Heat
Research and Development
Desalination
Global Nuclear Energy market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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