Industry Analysis & Industry Trends
The Nuclear Power industry has steadily contracted over the past five years due to falling nuclear power generation and stagnant electricity price growth, as well as idle operations due to the recession. However, companies in the industry are poised to benefit from favorable market conditions over the next five years. In the midst of a growing economy, electricity demand is expected to rise as industry operators and consumers use more energy... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry’s product is well established and, as a result, production and revenue both tend to follow trends in overall economic growth. However, industry value added (IVA), a measure of the industry’s contribution to the overall economy, is anticipated to fall an average of 0.5% annually in the 10 years to 2021; US GDP is forecast to increase at an average rate of 2.1% annually over the same period. IVA decline is due to relatively stagnant electricity price growth over the past five years and the difficult nature of obtaining a permit to build new nuclear plants. Nevertheless, the industry is mature because it is a major source of electricity for the United States and will remain so over the next five years.
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