Power struggle: The industry is anticipated to grow as electric power consumption rises with electricity prices

The Nuclear Power industry has contracted due to lack luster electricity demand and slow electricity price growth. Electricity is a necessity for consumers and businesses, resulting in stable demand for industry operators; however, nuclear power generation has grown sluggishly due to growing public concerns regarding nuclear safety. Public concerns regarding nuclear safety have grown over the past several years, mostly due to the 2011 Fukushima Daiichi disaster in Japan. Therefore, nuclear capacity additions slowed and facilities steadily closed. Over the five years to 2022, the Nuclear Power industry is anticipated to grow slowly as electric power consumption rises alongside electricity prices. Industrial production is also projected to increase...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Public concerns regarding nuclear safety have grown, while facilities steadily close
  • Low natural gas prices have spurred intense competition, hindering the industry from expanding capacity
  • Nuclear power generation is forecast to decline slightly, despite increasing demand for electricity
  • Industry Report - Industry Investment Chapter

    Nuclear power generation is a capital-intensive process and the efficiency with which capital is employed has a major influence on the cost of generation. The key aspects of capital efficiency are the minimization of spare capacity and the maximization of plant availability. Generating plants have a long economic life (usually more than 30 years) and a several year lead times are required for the installation of new plants. New generating plants also tend to come on stream in large units, which may produce a capacity overhang that takes years to absorb. In 2017, for every dollar spent on labor, industry operators are expected to spend $0.42 on capital investments.The available capacity margin provides a guide to the adequacy of existing electricity generation capacity. Acc...purchase to read more.

    Additional Insights for the Nuclear Power Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Nuclear Power Industry are

  • Ability to pass on cost increases
  • Optimum capacity utilization
  • Superior financial management and debt management
  • IBISWorld analysts also discuss how external factors such as Regulation for the Nuclear Power industry and Industrial production index in the Nuclear Power industry impact industry performance..

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    What's in this report

    What is the Nuclear Power Industry?

    This industry consists of companies that operate nuclear-powered, electricity generation plants. The power plants use nuclear fuel to generate steam, which in turn is used to power turbines that generate electric power. The electricity reaches end users via transmission or distribution systems. This industry excludes government-owned nuclear facilities.

    Industry Products
  • Nuclear generation from utilities
  • Nuclear generation from independent power producers
  • Industry Activities
  • Generating nuclear electric power
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Regulation for the Nuclear Power industry
  • Industrial production index
  • World price of uranium
  • Electric power consumption
  • Price of electric power

  • Current Performance
  • Output trends
  • Volatile prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Uprates boost profit
  • New reactors
  • Table: Nuclear Power Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Nuclear Power Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Manufacturing
  • Wood Pulp Mills
  • Petrochemical Manufacturing
  • Inorganic Chemical Manufacturing

  • Key Selling Industries
  • Engineering Services
  • Heavy Engineering Construction
  • Molybdenum & Metal Ore Mining
  • Remediation & Environmental Cleanup Services
  • Transmission Line Construction

  • Products & Services
  • Nuclear generation from utilities
  • Nuclear generation from independent power producers
  • Chart: Nuclear Power Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential
  • Commercial
  • Industrial
  • Chart: Major Market Segmentation for the Nuclear Power Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages and maintenance
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Nuclear Power

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Nuclear Power Industry

  • Industry Globalization
    Exelon Corporation, Dominion Energy Inc., Entergy Corporation,
  • Table: Exelon Corporation - financial performance
  • Table: Dominion Energy Inc. - financial performance
  • Table: Entergy Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Nuclear Power Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Nuclear Power Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Nuclear Power Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Base Load Power
  • Electricity provided by power stations that run continuously.
  • Electricity Utility
  • An integrated electricity generator and distributor supplying a defined area.
  • Kilowatt Hour
  • A unit of energy measurement, equal to one kilowatt expended over one hour.
  • Uprate
  • When a firm in the industry upgrades its nuclear facilities to include more electricity generating capacity.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Nuclear Power contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Nuclear Power:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Nuclear Power market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Nuclear Power, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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