Global Nuclear Power Market Trends, Strategies, and Opportunities in the Nuclear Power Market 2021-2030

Global Nuclear Power Market Report 2021: COVID-19 Impact And Recovery By 2030

Business Research Company Global Nuclear Power Market Report 2021: Impact of COVID-19 and Recovery Through 2030

LONDON, GREATER LONDON, UK, September 25, 2021 /EINPresswire.com/ – According to the new Nuclear Electricity Global Market Report 2021: COVID-19 Impact And Recovery published by The Business Research Company, the nuclear power sector is the market is expected to grow from $ 65.24 billion in 2020 to $ 66.42 billion in 2021, with an average annual growth rate (CAGR) of 1.8%. The growth is mainly due to companies reorganizing their operations and recovering from the effects of COVID-19, which previously resulted in restrictive containment measures involving social distancing, remote working and the closure of commercial activities that created operational challenges. The market is expected to reach $ 76.74 billion at a CAGR of 4% in 2025. The growing demand for electricity is expected to be a major driver of the nuclear power generation market over the forecast period.

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The market for the production of nuclear energy consists of the sale of nuclear energy and related services that convert nuclear energy into electrical energy. The nuclear power generation industry includes operations that operate nuclear power plants that use uranium as a fuel to generate electricity. Nuclear power plants use the heat generated during nuclear fission. During nuclear fission, which takes place in the reactor of a nuclear power plant, atoms are split into smaller atoms and energy is released in the process. The heat generated during nuclear fission in the reactor core is used to boil water into steam, which converts the blades of a steam turbine. As the turbine blades rotate, they drive generators that produce electricity. The generated electrical energy is delivered directly to power transmission systems that are used to transport large amounts of electricity from generating facilities to substations and distribution systems that are used for short distances, usually electricity to local customers.

Trends in the global nuclear power market
The power generation industry and the downstream power distribution industries are digitizing their systems and are increasingly relying on technology. The industry is becoming more and more vulnerable to the increasing number of cyber attacks. For example, in September 2019, the Kudankulam Nuclear Power Plant (KKNPP), which powers India’s largest nuclear power plant and powers India’s southern power grid, suffered a cyberattack that breached the nuclear power plant’s administrative network.

Global Nuclear Power Market Segments:
The global nuclear power market is further segmented based on reactor type, end-user, technology, and geography.
According to reactor type: pressurized water reactors (PWR), fast breeder reactor (FBR), pressurized water reactor (PHWR), boiling water reactor (BWR), light water graphite reactor (LWGR), gas-cooled reactor (GCR)
By end user: residential, commercial, industrial
By technology: Generation I, Generation II, Generation III and Generation IV
By Geography: The global nuclear power market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East, and Africa.

Read more about the report for the Global Nuclear Power Market at:
https://www.thebusinessresearchcompany.com/report/nuclear-electricity-global-market-report

Nuclear Electricity Global Market Report 2021 is one of a series of new reports from The Business Research Company that features Nuclear Power Market overviews, analysis and forecast of market size and growth for the global Nuclear Power Market, Nuclear Power Market Share, Nuclear Power Market Players, Market Segments, and -regions for nuclear energy, revenues, profiles and market shares of the leading competitors in the nuclear energy market. The Nuclear Power market report identifies top countries and segments for opportunities and strategies based on market trends and the approaches of leading competitors.

Read The Business Research Company’s Nuclear Electricity Global Market Report 2021 for information on:

Data segmentations: market size, global, by region and by country; Historical and forecast size and growth rates for the world, 7 regions and 12 countries

Nuclear Energy Market Organizations Covered: EDF Group, Exelon Corp, Duke Energy Corp, Enel SpA and NextEra Energy, Inc.

Regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, Great Britain, USA.

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The Business Research Company has published over 1000 industry reports covering over 2500 market segments and 60 regions. The reports draw on 150,000 records, extensive desk research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on different markets.

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Here is a list of reports from The Business Research Company similar to the Nuclear Electricity Global Market Report 2021:

Global Power Generation Market Report 2021 – By Type (Hydropower, Fossil Fuel Power, Nuclear Power, Solar Power, Wind Power, Geothermal, Biomass Power, Other Power), By End User (Residential, Commercial, Industrial), By Energy Sources (conventional / non-renewable energy source, renewable energy source), by type of grid (off grid, on grid), impact and recovery from COVID-19
https://www.thebusinessresearchcompany.com/report/power-generation-global-market-report

Global Biomass Power Generation Market Report 2020 – By Raw Material (Solid Biomass, Biogas, Municipal Waste, Liquid Biomass), By End User (Household, Industrial Sector, Government Sector), By Technology (Anaerobic Digestion, Incineration, Co-Firing), Gasification, Landfill Gas)
https://www.thebusinessresearchcompany.com/report/biomass-electric-power-generation-global-market-report

Global Fossil Fuel Power Generation Market Report 2020 – By Fuel Type (Coal, Oil, Natural Gas), By End-User (Residential, Commercial, Industrial)
https://www.thebusinessresearchcompany.com/report/fossil-fuel-electric-power-generation-global-market-report

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September 25, 2021 at 05:23 GMT

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