Nuclear Power in the US - Industry Market Research Report

Nuclear Power in the US - Industry Market Research Report

  • February 2021 •
  • 48 pages •
  • Report ID: 198612 •
  • Format: PDF
Power struggle: Slow growth in electricity prices has hampered industry performance

Abstract

Nuclear Power in the US
Over the five years to 2019, revenue for the Nuclear Power industry has contracted due to lackluster electricity demand and slow electricity price growth. The necessity of electricity for consumers and businesses tends to result in stable demand for industry operators. However, nuclear power generation has grown sluggishly due to growing public concerns regarding nuclear safety. Furthermore, public concerns regarding nuclear safety have grown over the past several years. In response, nuclear capacity additions have slowed and facilities have steadily closed. Overall, industry revenue has declined over the past five years. However, industry revenue is forecast to return to growth over the five years to 2024. The industry will likely benefit from projected growth in demand for alternate fuel and the price of electricity during the outlook period.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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