Global Nuclear Power Market Update - MarketResearchReports.com
Global Nuclear Power Market – An Update
What helped nuclear power to emerge as a potential market
1. Britain approved 10 sites for nuclear power stations in 2009 with
some of them coming online as early as 2018
2. In 2010, US made up to $8 billion in federal loan guarantees
available to build the first American nuclear power plants for over
3. In 2011, 14 of the 15 European countries had largest share of
nuclear power as a percentage of total energy.
4. France producing 75 percent of their total energy from nuclear
Nuclear share of electricity
Percent of total energy
output produced by
Market after Fukushima disaster
1. Fukushima disaster revived old fears about nuclear power across
2. Both Germany and Switzerland announced a phase-out of nuclear
power from their energy portfolios.
3. Investors are worried by the rising construction and insurance
costs and regulations that followed.
Market after Fukushima disaster Cont..
Drop in Uranium Prices
2011 - Before After - Fukushima
Nuclear projects experiencing odds amid US shale gas boom
1. Nuclear power stations in Canada and the United States are
closing because they cannot compete with cheap power being
produced from shale gas.
2. Power generation cost from shale gases obtained by fracking is
4-5 cents a kilowatt hour puts the nuclear power plant at a
competitive disadvantage as Its current production price is
9 cents a kilowatt hour and it needs a $4.3 million refurbishment .
3. In Europe the nuclear industry is reported to need a price of $155
a megawatt hour for 30 years for its electricity to get a reasonable
return on its investment, while the current price is around $93.
Current market scenario (Global)
Globally, there are more than 430 reactor units that are currently
62 nuclear reactors were in construction stages of development
in 14 different nuclear power countries globally, as of July 2013
More than 435 nuclear reactors are in the financed, permitting
and announced phases of development across the globe.
Over 45 countries are considering introducing nuclear power
generation as part of their energy mix across different regions in
Current market scenario (Global)…Continued
Global uranium demand will climb from 105,531 metric tons in
2012 to 145,680 metric tons in 2020, representing an increase of
38% over the eight year period.
Worldwide nuclear energy generation to jump from 2,386,449
GWh in 2012 to 3,078,130 GWh in 2020
At present there are around 45 nuclear-free countries looking at
adding the controversial power source to their energy
portfolio, including the UAE, Turkey, Poland and Bangladesh.
Current market scenario in USA
1. Nuclear power generation in the US is expected to increase at an
AAGR of 1% to hit 905 TWh in 2025
2. Despite the limited growth of the USA’s nuclear power installed
capacity between 2000 and 2012, which increased from 97,256
MW to 101,465 MW at an Average Annual Growth Rate (AAGR)
of 0.4%, its capacity is now expected to rise at a higher AAGR of
0.8% to 113,769 MW by 2025.
3. North America will be the largest market for nuclear Plant Life
Extension (PLEX) between 2013 and 2025, valued at almost $21
How Old is USA’s Nuclear Fleet
60 percent of zero
Current market scenario in USA
Due to aging plants, cheap natural gas, and public opposition, five nuclear
stations have been closed or scheduled to close, representing 3.3% of USA’s
zero-carbon energy supply. Another six stations, representing 3.1% of zerocarbon energy supply, are in imminent danger of closing.
Current market in Asia and Asia Pacific (Cont…)
Nuclear power generation across Asia-Pacific will rocket over the
next decade due to surging energy requirements and a need to
diversify an energy mix heavily reliant on coal. From 331,720
GWh in 2012, nuclear power generation in the region is expected
to hit 901,380 GWh in 2020, climbing at a Compound Annual
Growth Rate (CAGR) of 13.3%.
South Korea is also planning to more than double its nuclear
capacity from 20.7 GW to 43 GW by 2030.
China is planning to expand its nuclear capacity from 12.85
gigawatts (GW) to 400 GW by 2050.
Current market in Asia and Asia Pacific
India, which is seeking to expand its nuclear capacity of 3.6
percent of total electricity production to 25 percent by 2050.
During 2013-2020, Asia’s nuclear feed water market value is
anticipated to reach an aggregate value of $374.91m
South Korea approves $7 bn reactor plans in boost for nuclear
power ( two nuclear plants due to be completed by 2020)
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