In 2023, nuclear energy consumption in North America stood at 8.10 Exajoules. The data indicates a gradual decline over the past decade, with notable negative year-on-year variations particularly from 2020 onwards. The compound annual growth rate (CAGR) from 2018 to 2023 averaged -1.65%, emphasizing a consistent reduction in nuclear energy usage. This trend is projected to continue, albeit at a slightly slower pace, with a forecasted CAGR of -0.84% from 2024 to 2028, culminating in an overall decrease of 4.11% in nuclear energy consumption over the next five years.
Future trends to watch for:
- Potential policy shifts towards renewable energy sources and their impact on nuclear energy consumption.
- Technological advancements in nuclear energy, which could either bolster its efficiency or lead to further decline if superseded by renewables.
- Environmental regulations and societal attitudes towards nuclear energy, influencing new plant constructions and existing plant operations.
