The Nuclear Electricity Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Nuclear Electricity Global Market Report 2024, The nuclear electricity market size has grown strongly in recent years. It will grow from $215.19 billion in 2023 to $227.54 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to low carbon emissions, energy security, government support, long lifespan.
The nuclear electricity market size is expected to see strong growth in the next few years. It will grow to $278.49 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to climate change mitigation, energy transition, aging nuclear fleet, public acceptance. Major trends in the forecast period include international collaboration, technological advancements, nuclear innovation hubs, green financing and esg focus, grid integration, advanced reactor designs.
The Growing Demand For Electricity Is Expected To Be A Key Driver Of The Nuclear Power Generation Market 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. For instance, in March 2023, according to Indian Express, an India-based e-newspaper, in 2022, India experienced an 8% increase in power demand, nearly double the growth rate of the Asia Pacific region, resulting in over 149.7 terawatt-hours. During the initial two months of 2023, demand surged by 10% compared to the previous year. Industrial and commercial sectors contribute to over 50% of India’s yearly power consumption, with households representing a quarter, and agriculture covering more than one-sixth in recent years. Therefore, the demand for electricity and driving the growth of nuclear electricity market going forward.
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The nuclear electricity market covered in this report is segmented –
1) 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)
2) By Technology: Generation I, Generation II, Generation III, and Generation IV
3) By End-User: Residential; Commercial; Industrial
The nuclear electricity market report table of contents includes:
1. Executive Summary
2. Nuclear Electricity Market Characteristics
3. Nuclear Electricity Market Trends And Strategies
4. Nuclear Electricity Market – Macro Economic Scenario
5. Global Nuclear Electricity Market Size and Growth
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26. South America Nuclear Electricity Market
27. Brazil Nuclear Electricity Market
28. Middle East Nuclear Electricity Market
29. Africa Nuclear Electricity Market
30. Nuclear Electricity Market Competitive Landscape And Company Profiles
Top Major Players:
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