The Cumulative capacity of Nuclear power plants in Global Power and Utilities industry reached 390,601 MW in 2020
The indicator recorded a historical decline (CAGR) of 0.12% between 2017 and 2020, and is expected to decline by ...
GlobalData projects the indicator to grow at a CAGR of ...
Cumulative capacity of Nuclear power plants: Global Scenario
Nuclear plays an important role in power generation for several prominent countries across the world. Since the COVID outbreak, governments around the world have taken precautionary measures to mitigate its impact, resulting in significant business activity changes in various sectors including nuclear. Power utilities operating nuclear facilities have implemented new working measures to protect their employees while continuing operations. Similarly, regulatory bodies have also adapted to the ongoing crisis, by altering their supervisory responsibilities and subverting its enforcement mechanisms wherever necessary, without compromising on safety. Although other segments of the value chain have also been impacted, the nuclear power industry is resilient and better prepared for contingencies, in comparison to other sectors
Since 1950s, nuclear technology has been utilized for the generation of electricity and still remains one of the prominent sources of energy. As of 2019, nuclear power accounted for low-double-digit share of the total electricity generated globally. The use of nuclear energy offers several advantages such as lower operational expenses, high reliability, negligent emissions, and comparatively better economy of scale. By utilizing nuclear technology, countries such as Japan and South Korea have been able to diversify their resource base and enhance energy security, to support their domestic requirements without compromising on economic growth. Nevertheless, the advancement and adoption of nuclear technology has not been without incidents. Several accidents and mishaps have prompted governments to reduce their exposure to nuclear, due to health and safety concerns. Developed nations are have established phase out programs or resolved not to build new capacities, in favour of renewables. On the other hand, the technology is gaining traction in the emerging economies of the East, with several countries building their first nuclear plants and China aiming to deploy a significant capacity, which are expected to compensate for the slowdown in traditional markets.
Nuclear electricity comes from splitting atoms of a radio-active substance such as Uranium in a reactor to heat water into steam. The steam generated is used to turn a turbine to generate electricity.
Cumulative installed capacity is the total installed capacity a country has by end of each calendar year/ fiscal year. The capacity is measured in Mega Watts (MW).
France
Germany
Germany
Italy
France
Japan
South Korea
Spain
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