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Nuclear Power Market Research Reports: Industry Analysis, Trends & Statistics

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Global Nuclear Industry Analysis

Nuclear power involves the generation of heat from nuclear fission, which consists of energy production from the splitting of atoms into smaller parts. Fission normally takes the form of a reaction prompted by a neutron. Almost 70% of the global electricity demand is met by fossil fuels, 14% of which is derived from nuclear power, reports the International Energy Agency.

Nuclear power has been under increasing fire due to safety issues. Throughout a half-century of nuclear power generation, three major incidents have affected public and political opinion regarding that sort of energy. The incidents consisted of reactor damage in Three Mile Island in 1979, reactor destruction in Chernobyl in 1986 that resulted in over 30 deaths directly and serious fallout in health and environmental terms, and the meltdown of three Fukushima Daiichi reactors sparked after an earthquake and Tsunami in Japan in 2011. Despite fears related to safety, the three accidents are the only major problems encountered in more than 14,500 cumulative reactor-years of nuclear energy throughout over 30 countries, according to the World Nuclear Association (WNA)

Key Nuclear Power Regional Market Share

World Net Electricity Generation from Nuclear Power *In Trillion Kilowatthours, 2008-2035

According to the WNA, the US represents over 30% of global nuclear generation of electricity. There are over 100 nuclear reactors in operation throughout the US, producing more than a fifth of electrical output, and operated by 30 power companies. Leading names in the US nuclear industry include Exelon Generation Company, Dominion Resources, Duke Energy Corporation, LLC, NextEra Energy and Entergy Nuclear, according to Global Data.

The EU accounts for almost 48% of the overall value of the global nuclear industry. In third place is Japan at almost 280 billion kWh, followed by Russia, Korea, and Germany generating 155 billion kWh, 142 billion kWh, and 133 billion kWh respectively, according to the International Atomic Energy Agency.

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Parent industry: Energy
Related industries: Renewable Energy, Oil and Gas, Coal, Electric Power

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