Chat with us, powered by LiveChat
Procurement Resource Thumbnail Book Image

Global Nuclear Energy Industry Report: Country Overview; Recent Events; Value Chain Analysis; Production Process; Price Analysis; Indicator Analysis; Market Dynamics: Drivers & Constraints, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Nuclear Energy Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices


The global nuclear energy market reached a value of about 3013.6 TWh in 2021. The industry is projected to grow at a CAGR of around 4.3% in the forecast period of 2022-2027 to reach a value of about 3898.2 TWh by 2027.

The global nuclear energy industry report gives a comprehensive analysis of the industry including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. Nuclear Energy's capability to create power with lower carbon emissions than fossil fuels drive the market's growth. It is also one of the most reliable sources of electricity and ensures the long-term reliability of electricity bills. The critical demand indicator in the industry report is the highest category spender, Asia Pacific (China).

Industry Definition and Segmentation

Nuclear Energy is the harnessing of nuclear reactions to generate power. It is energy stored in an atom's nucleus or core. It can be obtained by nuclear fission, nuclear decay, and nuclear fusion processes. It is an energy source that produces no emissions, delivers power 24 hours a day, and moves civilisation forward. The nuclear energy industry report comprises segments by reactor type (pressurised water reactor (PWR), pressurised heavy water reactor (PHWR), boiling water reactor (BWR), light water graphite reactor (LWGR), gas-cooled reactor (GCR), and others.), equipment type (island equipment and auxiliary equipment), application (energy, defence, and others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North America, Europe, Asia Pacific, Middle East & Africa, and South America Regions are Driving the Growth of the Industry

China has the most extensive overall electric capacity of nuclear reactors under development globally, with nearly 14 gigawatts of its reactors under construction. There were 415 nuclear reactors in operation in 33 nations as of mid-2021, an increase of seven reactors from a year earlier. Their total capacity was up 1.9 percent from the previous year. Except where there is direct access to cheap fossil fuels, nuclear power is cost-competitive with other sources of electricity generation.

The energy segment is the leading segment due to the rising demand for power worldwide. Nuclear fission generates electricity; it has excellent potential for a clean and resourceful future. On the other hand, nuclear fusion technology is still in the research and development stage. With time, the factors like rising population and economic growth, paired with increasing urbanisation throughout the world, will boost energy consumption. As a result, it must be employed at its best to generate power. In addition, numerous other atomic power stations are under construction or in the planning stages across the globe. The growing interest of government and researchers in nuclear energy is likely to impact the market positively.

On the other side of it the general population thinks that the commercial nuclear power is hazardous and volatile process as there have been a couple of related mishaps in the past. Also, it’s a common thinking that the use of the nuclear fuel is a growing concern as people are doubtful about its transportation, storage, and disposal. Besides this there is a capital costs and investments are very high, along with issues in getting licenses and regulation approvals with extensive lead times and delays in construction have discouraged the interest of the people.

Best Procurement Practices

The global nuclear energy industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global nuclear energy developing and utilising regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.

Category Management Studies

Nuclear energy can generate electricity, but it must be extracted from the atom. In harnessing that energy, particles are divided to release energy in the nuclear fission process. A nuclear reactor/power plant is a collection of devices capable of controlling atomic fission to generate energy. Pellets of the element uranium are used as fuel in nuclear reactors to create nuclear fission. Uranium atoms are pushed to split apart in nuclear reactors. The atoms split, releasing tiny particles known as fission products. Other uranium atoms break because of fission products, which results in a chain reaction. Heat is produced by the energy released by this chain reaction. Its fission generates heat, which heats the reactor's cooling agent. Water is commonly used as a cooling agent; however, some nuclear reactors employ liquid metal or molten salt. Steam is produced by the cooling agent heated by nuclear fission.

Turbines, wheels rotated by a flowing stream, are powered by steam. Generators, or engines that generate energy, are driven by turbines. Nuclear poison rods can be used to control the amount of energy produced. They are materials that absorb part of the fission products produced by nuclear fission, such as a kind of xenon. The process will be slower and more regulated if more nuclear poison rods are present during the chain reaction. A stronger chain reaction may be achieved by removing the rods, resulting in more electricity.

Substantial Demand for Clean Energy, Further Driving the Procurement of Nuclear Energy

The energy demand has risen due to technological developments used in daily activities. Additionally, the rising market for sustainable energy and decreasing fossil fuel supplies are projected to influence energy concerns. These concerns are incentivising corporations and governments to invest in nuclear power. As a result, the demand for atomic energy is being driven significantly. Over the forecast period, the market is expected to be caused by the rising use of nuclear technology as a viable alternative to fossil fuels for power generation. Industry development is predicted to be enhanced by the depletion of fossil fuel reserves and the growing desire to cut energy import expenses. The power plants are projected to drive the market due to their higher efficiency than thermal power plants.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Nuclear Energy Industry Report

  • GE-Hitachi Nuclear Energy
  • Westinghouse Electric Company LLC
  • KEPCO Engineering & Construction
  • ŠKODA JS a.s.
  • China National Nuclear Corporation

Market Landscape

The rising energy demand in tandem with worldwide climate change targets, and increased global investments in nuclear power facilities, the industry is expected to witness growth. Furthermore, many countries continue to see nuclear power as a critical alternative for improving energy security, reducing the impact of variable fossil fuel costs, and mitigating climate change and air pollution, leading to increased investments in research and development activities.

Key Initiatives by Companies

  • The Argentine government inked a deal with state-owned China National Nuclear Corp (CNNC) in February 2022 to develop the USD 8 billion Atucha III nuclear power station utilising China's Hualong One technology. This is being done to resurrect a transaction that had been dormant for several years. Atucha III is anticipated to produce 1,200 MW of gross electricity and have a 60-year initial usable life. This will allow the country to expand its nuclear capabilities.
  • West Virginia Governor Jim Justice signed a bill in February 2022 that repealed the state's nuclear power project moratorium. West Virginia is the country's second-largest coal producer, accounting for around 5% of the country's total energy production in 2020. The state wants to shift away from nuclear electricity and become more reliant on coal.

1.    Executive Summary
2.    Nuclear Energy Market Snapshot

    2.1.    Nuclear Energy Market Outlook
    2.2.    Region Overview
        2.2.1.    Asia-Pacific
        2.2.2.    Europe
        2.2.3.    North America
        2.2.4.    Latin America
        2.2.5.    Middle East & Africa
3.    Impact of Recent Events
4.    Nuclear Energy Value Chain Analysis
5.    Nuclear Energy Production Process
6.    Trade Analysis
7.    Major Risk Factors in Sourcing
8.    Nuclear Energy Cost Structure
9.    Nuclear Energy Price Analysis
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Nuclear Energy Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    Swot Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New Entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    GE- Hitachi Nuclear Energy
    14.2.    Kepco Engineering & Construction
    14.3.    China National Nuclear Corporation
    14.4.    Westinghouse Electric Company LLC
    14.5.    Skoda JS a.s.

Request Sample
Key Questions Answered in the Report

The global nuclear energy market size was valued at 3013.6 TWh in 2021.

As per the services provided, the energy segment is anticipated to lead the market between the period 2021 – 2028.

The rising demand for clean energy is one of the essential drivers of the nuclear energy market growth.

Some of the leading players in the market are GE-Hitachi Nuclear Energy, Inc., Westinghouse Electric Company LLC, KEPCO Engineering & Construction, ŠKODA JS a.s., China National Nuclear Corporation, and others.

The electricity generation segment of the nuclear industry holds a significant share in the market.

Analyst Review

The global nuclear energy market attained a value of 3013.6 TWh in 2021, driven by the rising demand for electricity worldwide. Furthermore, the need for a clean and resourceful future furthers the market's potential. Other factors like expanding population, economic growth, and increased urbanisation will drive energy demand over time. As a result, it must be used to its full potential to create electricity. It is aided by the growing number of nuclear power plants being built or in the planning stages worldwide—the market benefits from the government's and researchers' rising interest in atomic energy. The market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.3%. The market is projected to reach 3898.2 TWh by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

Compare test & Choose the Right Report Version for You

Why Procurement Resource?

RIGHT PEOPLE

At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.

RIGHT METHODOLOGY

We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

RIGHT PRICE

Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.

RIGHT SUPPORT

Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.

Similar Reports
Global HEOR Service Industry Report: Size, Trend, Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.

Read More
Global Nutmeg Industry Report: Size, Trend, Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global nutmeg market reached a value of about 134 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 4.5% in the forecast period of 2022-2027 to reach a value of around 167 thousand tonnes by 2027.

Read More
Global Artificial Intelligence Market: Size, Trend, Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global Artificial Intelligence Market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.

Read More

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences which help us to enhance our services. For further information review our Privacy Policy