Abstract
Manufacturers of nuclear reactor components are entering a pivotal period as
the new global landscape of global nuclear energy production takes shape.
Nations committed to constructing next-generation nuclear facilities that
leverage the latest technology will depend on manufacturers to provide high
quality products that foster a safe, secure, and enduring environment for
nuclear energy production. Governments, meanwhile, are challenged by the weak
global economy that has tightened credit needed to fund some of their
long-term nuclear energy initiatives. Suppliers to the nuclear energy
construction market are also attempting to keep pace with increased demand as
they struggle to stay afloat with a reduced labor force. The companies, which
include Areva and Mitsubishi, are leveraging their economies of scale in
energy markets by collaborating and aligning with competitors to gain market
share and increase their installed base of customers.
The U.S. is the global leader in nuclear energy technology manufacturing,
having a total market value of nearly $45.2 billion in 2002 and growing to an
estimated $50.8 billion by year-end 2009. By 2013, SBI estimates that the U.S.
market value will reach $61.1 billion, growing at an eleven-year Compounded
Annual Growth Rate (CAGR) of 2.8%.
The U.S., France, and Japan comprise more than half of the global value of
nuclear energy technology manufacturing. SBI estimates that France' s market
value will grow from $28.9 billion in 2009 to $34.8 billion in 2013 (3.4%
CAGR) and Japan will grow from $19.6 billion to $23.7 billion (3.4%) in 2013.
On a share basis, through 2013, the top three manufacturing nations will
maintain their leadership positions, although they will lose share to other
nations such as China and South Korea, which will accelerate their
manufacturing efforts.
On a CAGR basis, however, SBI projects that through 2013 the Netherlands and
Pakistan will grow at the fastest rates, 15.9% and 31.6%, respectively, and
afford the greatest market opportunities for suppliers to the nuclear
technology manufacturing industry.
Scope and Methodology
This Specialists in Business Information (SBI) report covers several
components of the nuclear energy technology industry around the world,
including:
- Overall market value of nuclear energy technology manufacturing
- Consumption of nuclear energy compared to other electricity-generating
sources, including renewable energy
- Nuclear power plant installations and their energy-generating capacities
- Consumer attitudes towards nuclear energy safety and use
- Innovations in nuclear energy technologies and their future potential
- Costs and benefits of nuclear energy adoption
Methodology
The report covers shipments, imports and exports, as well as the economic and
market trends driving the nuclear technology industry. We identify key market
trends and dynamics, and profile major market players, outlining their
strategies to maximize growth and profitability.
SBI' s research methodology for this report involved aggregating, synthesizing,
and analyzing data from several sources, including government and several
third-party market research syndicated data suppliers. We have also conducted
in-depth interviews with leading experts on nuclear energy manufacturing and
production potential. Historical data relating to the manufacturing and
distribution of products are culled from government sources. Analysis of these
data provides the foundation for our projections of overall market size and
growth through 2013. Our projections also take into account data that
indirectly affects the growth of the nuclear energy market, such as
information provided by the U.S. Department of Energy and National Renewable
Energy Laboratory. Another component of our forecasts is the in-depth
interviews we conducted with industry experts, including:
- Karen Daifuku, Chief of External Relations and Public Affairs, OECD
Nuclear Energy Agency, France
- Colin Hunt, Research Director, Canadian Nuclear Association
- John Moens, Nuclear Industry Specialist, U.S. Department of Energy
- Trevor Findley, Director of Nuclear Energy Futures Project, Centre for
International Governance Innovation, Waterloo, Canada
- Leslie Kass, Director, Business Policy and Programs, Nuclear Energy
Institute, Washington, DC
How You Will Benefit from this Report
Manufacturers of nuclear energy technology used in reactors and its associated
components will benefit from this report by thoroughly understanding the
market size of nuclear energy installations globally and the near-term
opportunities for growth. The report examines the countries geared for rapid
expansion of their nuclear generating programs and looks at the long-term
growth potential for manufacturers of large-scale reactors that leverage
next-generation, or Generation III and IV, reactor technologies. Manufacturers
will find the report provides a thorough analysis of how companies are
innovating their products to compete.
This report also will help:
- Nuclear industry Research and Development Professionals keep abreast of
competitor initiatives, and product innovations
- Advertising and Public Relations Agencies working with clients in the
nuclear energy sector to create targeted and compelling messages about the
benefits of nuclear energy technology products
- Business Development Executives of nuclear energy companies to identify
potential partnerships, and detect new product applications.
- Government executives leading national efforts to grow nuclear energy
installation capacities and adopt leading-edge technologies
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