World's Nuclear Energy Technology Renaissance: A Market Analysis
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The nuclear energy technology (NET) market re-emerging, and in fact has been aptly named by some as the Nuclear Technology Renaissance. Interest is being fueled by a number of supporting factors, such as a general improvement of public perception regarding nuclear technologies, and a global need for more reliable, less costly energy sources. The number and technological development of nuclear power plants is increasing worldwide. Under the NET umbrella, some of the more common nuclear reactor types used today for electricity generation include pressurized water reactors (PWRs), boiling water reactors (BWRs), fast breeder reactors (FBRs), heavy water reactors (HWRs) and light water reactors (LWRs).
In 2010 the world market for NET neared $200 billion, up significantly from the year before. Steady growth is expected to continue at least through the year 2020. The NET market segments including PWRs and BWRs currently account for close to half [Shelley, this needs further research] of all nuclear reactors; this share is expected to see a slight decrease by 2020 as other technologies are improved and as new technologies come to fruition. The United States staked a near 28% claim of total NET market share in 2010; however, the nation is expected to lose some of its dominance to a handful of other countries by 2020, which are either increasing their nuclear capabilities or undertaking nuclear endeavors for the first time.
Many factors, including aging electricity infrastructures, increases in terrorist activities, higher fossil fuel costs and increases in electricity demand have left many nations with a desire to increase their levels of energy security. Electricity produced from nuclear power plants offer a secure and reliable source of electricity as they operate independently, do not rely on fossil fuels, provide a constant stream of electricity and are cost-effective - once installed. New technologies are also emerging for small modular nuclear reactors, which may be ideal for military bases - offering increased security for military personnel.
In the past, deriving electricity from nuclear power plants has been highly controversial, due in part to the large amounts of nuclear waste produced. Many environmental organizations such as Greenpeace have been strongly against any nuclear undertakings. New technological innovations, such as those to prolong the life of uranium or to recycle the radioactive element, have significantly helped to reduce the amount of waste produced through nuclear electricity generation. Over the past two decades, public perception has been slowly shifting, although has only recently noticeably bent in favor of nuclear technology development.
Growth in the NET market has been significantly hampered by the highly volatile and controversial aspects associated with nuclear warfare. This has been an especially large hurdle for some countries that have not cooperated with international agreements or have not readily divulged information regarding their nuclear operations. Many countries are now promising to abstain from nuclear weapons development, while others are forming alliances for the exchange of nuclear technologies - sometimes under intense international disapproval. Countries, such as the United Arab Emirates and North Africa, which previously did not have access to nuclear technologies, are planning to install nuclear reactors and many countries already taking advantage of nuclear technologies will be increasing their nuclear capacities.
The World's Nuclear Energy Technology Renaissance: A Market Analysis contains comprehensive historical data (2006-2010) and forecast data (2011-2020). This report identifies key trends and factors (such as the regulatory scene, new technologies, employment opportunities and economic drivers and challenges), which affect the size and direction of NET market growth around the world. Profiles of 20 major - or simply interesting - companies involved in the NET market are also included.
The nuclear energy technology (NET) market re-emerging, and in fact has been aptly named by some as the Nuclear Technology Renaissance. Interest is being fueled by a number of supporting factors, such as a general improvement of public perception regarding nuclear technologies, and a global need for more reliable, less costly energy sources. The number and technological development of nuclear power plants is increasing worldwide. Under the NET umbrella, some of the more common nuclear reactor types used today for electricity generation include pressurized water reactors (PWRs), boiling water reactors (BWRs), fast breeder reactors (FBRs), heavy water reactors (HWRs) and light water reactors (LWRs).
In 2010 the world market for NET neared $200 billion, up significantly from the year before. Steady growth is expected to continue at least through the year 2020. The NET market segments including PWRs and BWRs currently account for close to half [Shelley, this needs further research] of all nuclear reactors; this share is expected to see a slight decrease by 2020 as other technologies are improved and as new technologies come to fruition. The United States staked a near 28% claim of total NET market share in 2010; however, the nation is expected to lose some of its dominance to a handful of other countries by 2020, which are either increasing their nuclear capabilities or undertaking nuclear endeavors for the first time.
Many factors, including aging electricity infrastructures, increases in terrorist activities, higher fossil fuel costs and increases in electricity demand have left many nations with a desire to increase their levels of energy security. Electricity produced from nuclear power plants offer a secure and reliable source of electricity as they operate independently, do not rely on fossil fuels, provide a constant stream of electricity and are cost-effective - once installed. New technologies are also emerging for small modular nuclear reactors, which may be ideal for military bases - offering increased security for military personnel.
In the past, deriving electricity from nuclear power plants has been highly controversial, due in part to the large amounts of nuclear waste produced. Many environmental organizations such as Greenpeace have been strongly against any nuclear undertakings. New technological innovations, such as those to prolong the life of uranium or to recycle the radioactive element, have significantly helped to reduce the amount of waste produced through nuclear electricity generation. Over the past two decades, public perception has been slowly shifting, although has only recently noticeably bent in favor of nuclear technology development.
Growth in the NET market has been significantly hampered by the highly volatile and controversial aspects associated with nuclear warfare. This has been an especially large hurdle for some countries that have not cooperated with international agreements or have not readily divulged information regarding their nuclear operations. Many countries are now promising to abstain from nuclear weapons development, while others are forming alliances for the exchange of nuclear technologies - sometimes under intense international disapproval. Countries, such as the United Arab Emirates and North Africa, which previously did not have access to nuclear technologies, are planning to install nuclear reactors and many countries already taking advantage of nuclear technologies will be increasing their nuclear capacities.
The World's Nuclear Energy Technology Renaissance: A Market Analysis contains comprehensive historical data (2006-2010) and forecast data (2011-2020). This report identifies key trends and factors (such as the regulatory scene, new technologies, employment opportunities and economic drivers and challenges), which affect the size and direction of NET market growth around the world. Profiles of 20 major - or simply interesting - companies involved in the NET market are also included.
CHAPTER 1: EXECUTIVE SUMMARY
Market Scope
Report Methodology
Fukushima’s NET Impact Analyzed
Introduction to NET
Types of Nuclear Reactors
Reactor Generations
World Regulatory Bodies and Agreements
Market Size and Growth
Global NET Market Value Exceeds $190 Billion in 2010
Figure 1-1 Total Global NET Market Value
Figure 1-2 Total Global NET Market Capacity In GW(e), 2006-2010
PWR Reactors Dominate Market
Figure 1-3 Total Global NET Market Percentage Share, by Reactor Type, 2006
Figure 1-4 Total Global NET Market Percentage Share, by Reactor Type, 2010
Fukushima Shifts Market Trajectory: Original Estimates Lowered
Figure 1-5 Projected Global Growth of NET Market Before and After Comparison: Fukushima Nuclear Power Plant Accident In Billion Dollars (2010 - 2020)
Market Value for NET Projected at $220.25 Billion in 2020
Figure 1-6 Total Projected Global NET Market Value In Billion Dollars, 2010-2020
Figure 1-7 Total Projected Global NET Market Capacity In GW(e), 2010-2020
PWRs Expected to Retain Stronghold in NET Market
Figure 1-8 Total Global NET Market Percentage Share, by Reactor Type, 2020
United States, France and Japan Dominate NET Market
Figure 1-9 Global NET Market Value: % Share, by Country, 2006
Figure 1-10 Global NET Market Value: % Share, by Country, 2010
Figure 1-11 Global NET Market Value: % Share, by Country, 2015
Figure 1-12 Global NET Market Value: % Share, by Country, 2020
Factors in Market Size and Growth
The Nuclear Energy Technology Renaissance
‘Clean’ Nuclear Energy Touted as Fossil Fuel Alternative
Global Energy Demand Increasing
Global Electricity Costs Rising
Nuclear Energy Technologies Increase National Security
Technological Advances and Schemes
Fusion Reactors Produce Less Waste than Fission Reactors
Small Modular Nuclear Reactors
Around the World
About 14% of Global Electricity Supplied by Nuclear Power
Global Nuclear Electricity Generation Sees Steady Growth
Figure 1-13 Electricity Generation by Energy Source
The United States: World’s Largest Nuclear Power Producer
United States Scrutinizes Own Nuclear Industry in Light of Fukushima
More than 75% of France’s Electricity Comes from Nuclear Power
France Orders Investigation into Nuclear Industry After Fukushima Accident
Japan’s Reliance on Nuclear Power May Have New Trajectory
Employment Outlook
Wide Scope of Jobs Included in the NET Market
Fukushima Likely to Inspire More Safety Related Job Openings
CHAPTER 2: INTRODUCTION
The History of Nuclear Technology
NET: How it Works
Types of Nuclear Reactors
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR/CANDU)
Light Water Graphite Reactor (LWGR/RBMK)
Gas Cooled Reactor (GCR)
Fast Breeder Reactor (FBR)/Fast Neutron Reactor (FNR)
Nuclear Research Reactors
Reactor Generations
Nuclear Energy Technology Components
Nuclear Power Reactor Power Rating
Nuclear Warhead Status Around the World
Other Uses for Nuclear Technologies
World Regulatory Bodies and Agreements
World Nuclear Association
World Association of Nuclear Operators
International Atomic Energy Agency
Nuclear Energy Agency
International Nuclear Regulators Association
International Nuclear Safety Center
Nuclear Energy Institute
The Nuclear Suppliers Group
Nuclear Nonproliferation Treaty
United Nations Security Council Resolution 1540
CHAPTER 3: MARKET SIZE AND GROWTH
Nature of NET Leads to Roller Coaster Market Numbers
Figure 3-1 Total Global NET Market Value
Global NET Market Value Exceeds $190 Billion in 2010
Figure 3-2 Total Global NET Market Capacity
PWR Reactors Dominate Market
Figure 3-3 Total Global NET Market, 2006
Figure 3-4 Total Global NET Market, 2010
Figure 3-5 PWR Global NET Market Value
Figure 3-6 PWR Global NET Market Capacity
PWR Market Value Reaches Over $126 Billion in 2010
Global BWR Market Value Surpasses $83 Billion in 2010
Figure 3-7 BWR Global NET Market Value
The PHWR Segment Climbs to Nearly $12 Billion in Market Value
Figure 3-8 BWR Global NET Market Capacity
Figure 3-9 PHWR Global NET Market Value
Figure 3-10 PHWR Global NET Market Capacity
Figure 3-11 LWGR Global NET Market Value
LWGR Market Rests at $5.2 Billion in 2010
Figure 3-12 LWGR Global NET Market Capacity
Figure 3-13 GCR Global NET Market Value
Figure 3-14 GCR Global NET Market Capacity
Global GCR Market Value Estimated at $4.55 Billion in 2010
Global Market Value for FBRs Totaled $.29 Billion in 2010
Figure 3-15 FBR Global NET Market Value
Figure 3-16 FBR Global NET Market Capacity
Fukushima Shifts Market Trajectory: Original Estimates Lowered
Figure 3-17 Projected Global Growth of NET Market
Market Value for NET Projected at $220.25 Billion in 2020
Figure 3-18 Total Projected Global NET Market Value
Figure 3-19 Total Projected Global NET Market Capacity
PWRs Expected to Retain Stronghold in NET Market
Figure 3-20 Total Global NET Market
PWR Market Value Projected to Reach $151.77 in 2020
Figure 3-21 PWR Projected Global NET Market Value
Figure 3-22 PWR Projected Global NET Market Capacity
BWR Segment to Reach $38.7 Billion in 2020
Figure 3-23 BWR Projected Global NET Market Value
Figure 3-24 BWR Projected Global NET Market Capacity
Figure 3-25 PHWR Projected Global NET Market Value
Figure 3-26 PHWR Projected Global NET Market Capacity
PHWR Market Value Predicted to Near $20 Billion in 2020
LWGRs Projected to Settle at $3.4 Billion in 2020
Figure 3-27 LWGR Projected Global NET Market Value
Figure 3-28 LWGR Projected Global NET Market Capacity
Figure 3-29 GCR Projected Global NET Market Value
GCRs Reach $5.06 Billion in 2020
Figure 3-30 GCR Projected Global NET Market Capacity
Figure 3-31 FBR Projected Global NET Market Value
FBR Market Value to Near $1.35 Billion in 2020
Figure 3-32 FBR Projected Global NET Market Capacity
Figure 3-33 Total Global NET Market Value, All Reactor Types
Table 3-1 Total Global NET Market Value
United States, France and Japan Dominate NET Market
Figure 3-34 Global NET Market Value: % Share, by Country, 2006
Figure 3-35 Global NET Market Value: % Share, by Country, 2010
Figure 3-36 Global NET Market Value: % Share, by Country, 2015
Figure 3-37 Global NET Market Value: % Share, by Country, 2020
The United States Claims Over $51 Billion in NET Market Value in 2010
Figure 3-38 United States: NET Market Value
Figure 3-39 United States: NET Market Capacity
Figure 3-40 United States: NET Market
France’s NET Market Value Reaches $31.79 in 2010
Figure 3-41 France: NET Market Value
Figure 3-42 France: NET Market Capacity
Figure 3-43 France: NET Market
Japan Stakes $23.98 Billion of the NET Market Value in 2010
Figure 3-44 Japan: NET Market Value
Figure 3-45 Japan: NET Market Capacity
Figure 3-46 Japan: NET Market
Russia Reaches $17.24 Billion in NET Market Value in 2020
Figure 3-47 Russia: NET Market Value
Figure 3-48 Russia: NET Market Capacity
Figure 3-49 Russia: NET Market
South Korea to Claim $13.28 Billion in NET Market Value in 2020
Figure 3-50 South Korea: NET Market Value
Figure 3-51 South Korea: NET Market Capacity
Figure 3-52 South Korea: NET Market
Germany’s NET Market to Rest at $6.76 Billion in 2020
Figure 3-53 Germany: NET Market Value
Figure 3-54 Germany: NET Market Capacity
Figure 3-55 Germany: NET Market
Canada Nails an $8.39 Billion NET Market in 2020
Figure 3-56 Canada: NET Market Value
Figure 3-57 Canada: NET Market Capacity
Figure 3-58 Canada: NET Market
Ukraine to See 14.8% Increase in Market Value from 2015 to 2020
Figure 3-59 Ukraine: NET Market Value
Figure 3-60 Ukraine: NET Market Capacity
Figure 3-61 Ukraine: NET Market
China Plans for Hefty Growth by 2020
Figure 3-62 China: NET Market Value
Figure 3-63 China: NET Market Capacity
Figure 3-64 China: NET Market
The United Kingdom Loses Nuclear Capacity from 2006 to 2020
Figure 3-65 United Kingdom: NET Market Value
Figure 3-66 United Kingdom: NET Market Capacity
Figure 3-67 United Kingdom: NET Market
‘Other’ Country Category Expected to See Significant Growth
Figure 3-68 Other: NET Market Value
Figure 3-69 Other: NET Market Capacity
Figure 3-70 Other: NET Market
U.S. Shipments of Select NET Components
Table 3-2 U.S. Shipments of Selected NET Components
Table 3-3 U.S. Shipments of Selected NET Components
Uranium Market Value and Production Volume
Figure 3-70 Uranium Market Value
Figure 3-71 Uranium Market Production
Projected Uranium Market Value and Production Volume
Figure 3-72 Projected Uranium Market Value
Figure 3-73 Projected Uranium Market Production
Uranium Production Around the World
Figure 3-74 Global Uranium Production
Table 3-4 Uranium Market, Production, Market Value and Percentage Share, by Country
The World’s Total Known Recoverable Resources of Uranium
Figure 3-75 Known Recoverable Resources of Uranium
Potential Growth of NET Market Limited
CHAPTER 4: FACTORS IN MARKET SIZE AND GROWTH
The Nuclear Energy Technology Renaissance
Fukushima: Factors in Market Size and Growth
BWR Future Not Too Shady, Despite Fukushima Plant Failure
Nuclear Opponents Attack; Nuclear Advocates on the Defense
Public Fear of Nuclear Shadowed by Terrible Disaster
Increased Safety Measures May Affect Industry Growth
Realistically Nuclear Cannot Just Disappear: An Economic Perspective98
Fukushima’s Mark 1 Nuclear Reactor
Reactors Safety Scrutinized in Seismic Regions
‘Clean’ Nuclear Energy Touted as Fossil Fuel Alternative
Greenhouse Gas Debate May Affect Push Towards Clean Energy.. 101
Global Energy Demand Increasing
Global Electricity Costs Rising
Nuclear Energy Technologies Increase National Security
NET May be Mask for Nuclear Weapons Proliferation
Environmental Concerns Re: NET
Environmentalists Retain Grip on NET Market
Public Perception: Despite Imperfect Past Many Warming to NET.. 106
New Technologies Spruce Up NET Market
Small Reactors, Big News
Plant Life Extensions and Upgrades Good for Business
Cyber Attacks on Nuclear Power Plants More than a Possibility
Nuclear Technology Heavily Reliant on Uranium Mining Industry
Storing Nuclear Waste Unavoidable
UAE-led Nuclear Fuel Assurance Plan
Costs Associated with Nuclear Power Plants
Figure 4-1 U.S. Plant Levelized Costs, by Type
A Host of New Countries Plan Nuclear Power Operations by 2030.. 115
International Cooperation Growing: Countries Form Alliances
R&D for NET: Institutions and Universities Ideally Positioned
Workshops, Trade Shows and Other Events Fertilize NET Market .. 121
New Millennium Nuclear Energy Summit in the United States
President Obama’s Nuclear Security Summit
Ten Countries Participate in FNCA SMS in Serpong
The Future of Nuclear Technology Workshop
Iran’s National Day of Nuclear Technology
CHAPTER 5: TECHNOLOGICAL ADVANCES AND SCHEMES
Fusion Reactors Produce Less Waste than Fission Reactors
Generation IV Reactors
Managing Nuclear Waste through Reprocessing and Recycling
Small Modular Nuclear Reactors
Nuclear Canister Testing
China Discovers Technology to Increase Uranium Life
Iran’s Third Generation Centrifuges
European Pressurized Reactors
Pebble Bed Technology Goes Awry
Reduced Enrichment for Research Test Reactors Program
Continuous Electrodeionization for Radioactive Wastewater Decontamination
FUSTIN Dedicated Computer Code
Portable Nuclear Power of the Future
Thorium to Clean up Reactor Waste
CHAPTER 6: AROUND THE WORLD
World Population
Table 6-1 Projected World Population and Percent Change from Prior Year, 2010 - 2030
Figure 6-1 Ten Most Populated Countries, Percentage Share, 2010
Figure 6-2 Ten Most Populated Countries, Percentage Share, 2030
China and U.S. Together Consume 40% of the World’s Energy
Figure 6-3 Energy Consumption: United States, China and India
Electricity Consumption Worldwide
Figure 6-4 World Electricity Consumption, in Billion KW Hours
Figure 6-5 Ten Largest Consumers of Electricity
Figure 6-6 Ten Largest Consumers of Electricity, Per Capita
Electricity in Developed and Developing Countries
About 14% of Global Electricity Supplied by Nuclear Power
Global Nuclear Electricity Generation Sees Steady Growth
Figure 6-7 Electricity Generation by Energy Source
Table 6-2 Electricity Generation by Energy Source
Figure 6-8 Nuclear Reactors in Operation Around the Globe
Nuclear Reactors in Operation Around the World
Nuclear Reactors under Construction
Figure 6-9 Reactors Under Construction, Around the Globe
Figure 6-10 North America: Electricity Consumption and Generation In Billion KW Hours, 2005 - 2008
North America
Electricity Infrastructure Overview
Table 6-3 North America: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
The United States
Canada
South America and Central America
Electricity Infrastructure Overview
Figure 6-11 Central America and South America: Electricity Consumption and Generation
Table 6-4 Central and South America: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Mexico
Argentina
Brazil
Other South & Central American Countries Interested in NET
Europe
Electricity Infrastructure Overview
Figure 6-12 Europe: Electricity Consumption and Generation
Table 6-5 Europe: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
France
Germany
Ukraine
United Kingdom
Sweden
Spain
Belgium
Czech Republic
Switzerland
Finland
Bulgaria
Hungary
Slovak Republic
Romania
Republic of Slovenia
Netherlands
Other European Countries Interested in Nuclear Power
Africa
Electricity Infrastructure Overview
Figure 6-13 Africa: Electricity Consumption and Generation
Table 6-6 Africa:Electricity Consumption and Generation
Regional Nuclear Energy Positioning
South Africa
Other African Countries Interested in Nuclear Power
Asia
Electricity Infrastructure Overview
Figure 6-14 Asia: Electricity Consumption and Generation
Table 6-7 Asia:Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Japan
Russia
South Korea
China
Taiwan
India
Armenia
Other Asian Countries Interested in Nuclear Power
Middle East
Electricity Infrastructure Overview
Figure 6-15 Middle East: Electricity Consumption and Generation
Table 6-8 Middle East: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Pakistan
Iran
United Arab Emirates
Other Middle Eastern Countries Interested in Nuclear Power
Australia and Oceania
Electricity Infrastructure Overview
Figure 6-16 Australia and Oceania: Electricity Consumption and Generation
Table 6-9 Australia and Oceania: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Australia
New Zealand
CHAPTER 7: EMPLOYMENT OUTLOOK
Wide Scope of Jobs Included in the NET Market
Engineers in High Demand
Fukushima Likely to Inspire More Safety Related Job Openings
Nuclear Workforce Retiring
NET-related Job Earnings and Educational Requirements
Table 7-1: NET-related Job Earnings
Education Strengthens NET Workforce
Grants, Internships and Scholarships
Nuclear-related Job Positions Opening Worldwide
Online Postings for NET Job Opportunities and Training
Employee Hazards Associated with Nuclear Power Plants
Nearly 450,000 Employed in the Global Nuclear Market in 2010
Figure 7-1 Number of Individuals Employed in NET Market
Close to 550,000 People Employed in the NET Market in 2020
Figure 7-2 Projected Number of Individuals Employed in NET Market
CHAPTER 8: COMPANY STRATEGIES
Areva
Table 8-1 Areva Profile
Corporate Overview
Performance
Areva’s Products and Services Cover Wide Scope of NET
Areva Awarded DOE Conditional Commitment for $2 Billion
Areva’s 100th Reactor is France’s First Generation III Unit
Northern Europe’s Largest Industrial Project: Olkiluoto 3
Areva Signs 1,660 MW(e) International Commercial Contract
Areva’s Chalon/St. Marcel in Production Since 1975
Areva’s Creusot Forge Expands Manufacturing Capabilities
Areva Newport News
Areva Purchases France’s SFARsteel
Areva Joins China’s Donfang Boiler Group Co.
Areva Signs MOU with Bharat Forge Ltd.
Atomic Energy of Canada Ltd
Table 8-2 Atomic Energy of Canada Ltd. Profile
Corporate Overview
Performance
AECL’s CANDU Reactors
AECL Life Extension Projects
AECL’s CANDU Reactor Projects
AECL’s Research and Development Program
AECL’s Modular Air-cooled Storage System
Babcock & Wilcox Company
Table 8-3 Babcock & Wilcox Company Profile
Corporate Overview
Performance
B&W’s Product Portfolio
B&W mPower Modular Reactor
B&W Joins Forces with Areva
China First Heavy Industries (Group) Ltd. Co.
Table 8-4 China First Heavy Industries (Group) Ltd. Co. Profile
Corporate Overview
CFHI Provides Equipment and Services for Multiple Industries
CFHI Receives Generation III Approval
CFHI Signs Contract with Shandong Nuclear Power
CFHI Produces China’s First One Million KW Pressure Vessel
CFHI Acquires Contracts for RMB 823.55 Million
Doosan Heavy Industries & Construction Co., Ltd.
Table 8-5 Doosan Heavy Industries & Construction Co., Ltd. Profile
Corporate Overview
Performance
DHIC Offers Castings and Forgings for Nuclear Power Plants
DHIC To Provide Components for China Nuclear Corp
DHIC Signs Contract with Westinghouse and Shaw
DHIC Signs $3.9 Billion Contract with KEPCO
DHIC Ships to China, United States and Korea
Hitachi-GE Nuclear Energy, Ltd.
Table 8-6 Hitachi-GE Nuclear Energy, Ltd. Profile
Corporate Overview
GE-Hitachi Delivers to Japan and Other Regions
GE-Hitachi’s ABWRs in Japan
Prefabricated Large Modules
Mitsubishi Heavy Industries Ltd
Table 8-7 Mitsubishi Heavy Industries Ltd. Profile
Corporate Overview
Performance
Mitsubishi’s Nuclear Power Plant Products
Mitsubishi Has Strong Presence in Japan
Mitsubishi’s APWR for Europe and the United States
NuScale Power, Inc.
Table 8-8 NuScale Power, Inc. Profile
Corporate Overview
NuScale’s Small Nuclear Power System
Toshiba Corp.
Table 8-9 Toshiba Corp. Profile
Corporate Overview
Performance
Toshiba Produces Large Variety of Products
Toshiba Has Strong Nuclear Presence
Toshiba Partners with Westinghouse
Global Fuel and Service Business
Toshiba’s ABWR
Toshiba’s 4S Technology
Core Shroud Replacement Work
Radiation-tolerant Remote Operated Vehicle
Laser De-sensitization Treatment Technology
Westinghouse Electric Co., Llc.
Table 8-10 Westinghouse Electric Co., Llc. Profile
Corporate Overview
Westinghouse Boasts Large Variety of Products
Westinghouse’s Nuclear Ventures
Westinghouse’s AP1000™
Westinghouse Joins Forces with Shaw Group
Westinghouse Signs Agreement with Endesa
Westinghouse’s Small Modular Reactor
Westinghouse Provides Nuclear Fabrication Services in Carolina
Westinghouse To Supply Nuclear Energy Technologies to China
Chicago Bridge and Iron Co.
Table 8-11 Chicago Bridge and Iron Co. Profile
Corporate Overview
Performance
CB&I Caters to Numerous Industries
Containment Vessels and Pressure Vessels
Repairs and Modifications
The Japan Steel Works, Ltd.
Table 8-12 The Japan Steel Works, Ltd. Profile
Corporate Overview
Performance
JSW’s Product Portfolio
JSW Supplies Pressure Vessels to Areva’s EPRs
JSW’s Muroran Plant Receives Upgrade
Larsen & Toubro Ltd
Table 8-13 Larsen & Toubro Ltd. Profile
Corporate Overview
Performance
L&T’s Portfolio of Large Projects
L&T’s Nuclear Power Products
L&T Builds Factory with Nuclear Power Corp.
L&T Signs Four Large Agreements in 2009
OMZ Group
Table 8-14 OMZ Group Profile
Corporate Overview
Performance
Izhorskiye Zavody Caters to Nuclear Industry
Skoda JS Provides Reactor Components
Sheffield Forgemasters International, Ltd.
Table 8-15 Sheffield Forgemasters International, Ltd. Profile
Corporate Overview
SFI’s Product Portfolio Covers Many Industries, Including Nuclear Power
SFI Produces ‘Tons’ of Stuff
Market Scope
Report Methodology
Fukushima’s NET Impact Analyzed
Introduction to NET
Types of Nuclear Reactors
Reactor Generations
World Regulatory Bodies and Agreements
Market Size and Growth
Global NET Market Value Exceeds $190 Billion in 2010
Figure 1-1 Total Global NET Market Value
Figure 1-2 Total Global NET Market Capacity In GW(e), 2006-2010
PWR Reactors Dominate Market
Figure 1-3 Total Global NET Market Percentage Share, by Reactor Type, 2006
Figure 1-4 Total Global NET Market Percentage Share, by Reactor Type, 2010
Fukushima Shifts Market Trajectory: Original Estimates Lowered
Figure 1-5 Projected Global Growth of NET Market Before and After Comparison: Fukushima Nuclear Power Plant Accident In Billion Dollars (2010 - 2020)
Market Value for NET Projected at $220.25 Billion in 2020
Figure 1-6 Total Projected Global NET Market Value In Billion Dollars, 2010-2020
Figure 1-7 Total Projected Global NET Market Capacity In GW(e), 2010-2020
PWRs Expected to Retain Stronghold in NET Market
Figure 1-8 Total Global NET Market Percentage Share, by Reactor Type, 2020
United States, France and Japan Dominate NET Market
Figure 1-9 Global NET Market Value: % Share, by Country, 2006
Figure 1-10 Global NET Market Value: % Share, by Country, 2010
Figure 1-11 Global NET Market Value: % Share, by Country, 2015
Figure 1-12 Global NET Market Value: % Share, by Country, 2020
Factors in Market Size and Growth
The Nuclear Energy Technology Renaissance
‘Clean’ Nuclear Energy Touted as Fossil Fuel Alternative
Global Energy Demand Increasing
Global Electricity Costs Rising
Nuclear Energy Technologies Increase National Security
Technological Advances and Schemes
Fusion Reactors Produce Less Waste than Fission Reactors
Small Modular Nuclear Reactors
Around the World
About 14% of Global Electricity Supplied by Nuclear Power
Global Nuclear Electricity Generation Sees Steady Growth
Figure 1-13 Electricity Generation by Energy Source
The United States: World’s Largest Nuclear Power Producer
United States Scrutinizes Own Nuclear Industry in Light of Fukushima
More than 75% of France’s Electricity Comes from Nuclear Power
France Orders Investigation into Nuclear Industry After Fukushima Accident
Japan’s Reliance on Nuclear Power May Have New Trajectory
Employment Outlook
Wide Scope of Jobs Included in the NET Market
Fukushima Likely to Inspire More Safety Related Job Openings
CHAPTER 2: INTRODUCTION
The History of Nuclear Technology
NET: How it Works
Types of Nuclear Reactors
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR/CANDU)
Light Water Graphite Reactor (LWGR/RBMK)
Gas Cooled Reactor (GCR)
Fast Breeder Reactor (FBR)/Fast Neutron Reactor (FNR)
Nuclear Research Reactors
Reactor Generations
Nuclear Energy Technology Components
Nuclear Power Reactor Power Rating
Nuclear Warhead Status Around the World
Other Uses for Nuclear Technologies
World Regulatory Bodies and Agreements
World Nuclear Association
World Association of Nuclear Operators
International Atomic Energy Agency
Nuclear Energy Agency
International Nuclear Regulators Association
International Nuclear Safety Center
Nuclear Energy Institute
The Nuclear Suppliers Group
Nuclear Nonproliferation Treaty
United Nations Security Council Resolution 1540
CHAPTER 3: MARKET SIZE AND GROWTH
Nature of NET Leads to Roller Coaster Market Numbers
Figure 3-1 Total Global NET Market Value
Global NET Market Value Exceeds $190 Billion in 2010
Figure 3-2 Total Global NET Market Capacity
PWR Reactors Dominate Market
Figure 3-3 Total Global NET Market, 2006
Figure 3-4 Total Global NET Market, 2010
Figure 3-5 PWR Global NET Market Value
Figure 3-6 PWR Global NET Market Capacity
PWR Market Value Reaches Over $126 Billion in 2010
Global BWR Market Value Surpasses $83 Billion in 2010
Figure 3-7 BWR Global NET Market Value
The PHWR Segment Climbs to Nearly $12 Billion in Market Value
Figure 3-8 BWR Global NET Market Capacity
Figure 3-9 PHWR Global NET Market Value
Figure 3-10 PHWR Global NET Market Capacity
Figure 3-11 LWGR Global NET Market Value
LWGR Market Rests at $5.2 Billion in 2010
Figure 3-12 LWGR Global NET Market Capacity
Figure 3-13 GCR Global NET Market Value
Figure 3-14 GCR Global NET Market Capacity
Global GCR Market Value Estimated at $4.55 Billion in 2010
Global Market Value for FBRs Totaled $.29 Billion in 2010
Figure 3-15 FBR Global NET Market Value
Figure 3-16 FBR Global NET Market Capacity
Fukushima Shifts Market Trajectory: Original Estimates Lowered
Figure 3-17 Projected Global Growth of NET Market
Market Value for NET Projected at $220.25 Billion in 2020
Figure 3-18 Total Projected Global NET Market Value
Figure 3-19 Total Projected Global NET Market Capacity
PWRs Expected to Retain Stronghold in NET Market
Figure 3-20 Total Global NET Market
PWR Market Value Projected to Reach $151.77 in 2020
Figure 3-21 PWR Projected Global NET Market Value
Figure 3-22 PWR Projected Global NET Market Capacity
BWR Segment to Reach $38.7 Billion in 2020
Figure 3-23 BWR Projected Global NET Market Value
Figure 3-24 BWR Projected Global NET Market Capacity
Figure 3-25 PHWR Projected Global NET Market Value
Figure 3-26 PHWR Projected Global NET Market Capacity
PHWR Market Value Predicted to Near $20 Billion in 2020
LWGRs Projected to Settle at $3.4 Billion in 2020
Figure 3-27 LWGR Projected Global NET Market Value
Figure 3-28 LWGR Projected Global NET Market Capacity
Figure 3-29 GCR Projected Global NET Market Value
GCRs Reach $5.06 Billion in 2020
Figure 3-30 GCR Projected Global NET Market Capacity
Figure 3-31 FBR Projected Global NET Market Value
FBR Market Value to Near $1.35 Billion in 2020
Figure 3-32 FBR Projected Global NET Market Capacity
Figure 3-33 Total Global NET Market Value, All Reactor Types
Table 3-1 Total Global NET Market Value
United States, France and Japan Dominate NET Market
Figure 3-34 Global NET Market Value: % Share, by Country, 2006
Figure 3-35 Global NET Market Value: % Share, by Country, 2010
Figure 3-36 Global NET Market Value: % Share, by Country, 2015
Figure 3-37 Global NET Market Value: % Share, by Country, 2020
The United States Claims Over $51 Billion in NET Market Value in 2010
Figure 3-38 United States: NET Market Value
Figure 3-39 United States: NET Market Capacity
Figure 3-40 United States: NET Market
France’s NET Market Value Reaches $31.79 in 2010
Figure 3-41 France: NET Market Value
Figure 3-42 France: NET Market Capacity
Figure 3-43 France: NET Market
Japan Stakes $23.98 Billion of the NET Market Value in 2010
Figure 3-44 Japan: NET Market Value
Figure 3-45 Japan: NET Market Capacity
Figure 3-46 Japan: NET Market
Russia Reaches $17.24 Billion in NET Market Value in 2020
Figure 3-47 Russia: NET Market Value
Figure 3-48 Russia: NET Market Capacity
Figure 3-49 Russia: NET Market
South Korea to Claim $13.28 Billion in NET Market Value in 2020
Figure 3-50 South Korea: NET Market Value
Figure 3-51 South Korea: NET Market Capacity
Figure 3-52 South Korea: NET Market
Germany’s NET Market to Rest at $6.76 Billion in 2020
Figure 3-53 Germany: NET Market Value
Figure 3-54 Germany: NET Market Capacity
Figure 3-55 Germany: NET Market
Canada Nails an $8.39 Billion NET Market in 2020
Figure 3-56 Canada: NET Market Value
Figure 3-57 Canada: NET Market Capacity
Figure 3-58 Canada: NET Market
Ukraine to See 14.8% Increase in Market Value from 2015 to 2020
Figure 3-59 Ukraine: NET Market Value
Figure 3-60 Ukraine: NET Market Capacity
Figure 3-61 Ukraine: NET Market
China Plans for Hefty Growth by 2020
Figure 3-62 China: NET Market Value
Figure 3-63 China: NET Market Capacity
Figure 3-64 China: NET Market
The United Kingdom Loses Nuclear Capacity from 2006 to 2020
Figure 3-65 United Kingdom: NET Market Value
Figure 3-66 United Kingdom: NET Market Capacity
Figure 3-67 United Kingdom: NET Market
‘Other’ Country Category Expected to See Significant Growth
Figure 3-68 Other: NET Market Value
Figure 3-69 Other: NET Market Capacity
Figure 3-70 Other: NET Market
U.S. Shipments of Select NET Components
Table 3-2 U.S. Shipments of Selected NET Components
Table 3-3 U.S. Shipments of Selected NET Components
Uranium Market Value and Production Volume
Figure 3-70 Uranium Market Value
Figure 3-71 Uranium Market Production
Projected Uranium Market Value and Production Volume
Figure 3-72 Projected Uranium Market Value
Figure 3-73 Projected Uranium Market Production
Uranium Production Around the World
Figure 3-74 Global Uranium Production
Table 3-4 Uranium Market, Production, Market Value and Percentage Share, by Country
The World’s Total Known Recoverable Resources of Uranium
Figure 3-75 Known Recoverable Resources of Uranium
Potential Growth of NET Market Limited
CHAPTER 4: FACTORS IN MARKET SIZE AND GROWTH
The Nuclear Energy Technology Renaissance
Fukushima: Factors in Market Size and Growth
BWR Future Not Too Shady, Despite Fukushima Plant Failure
Nuclear Opponents Attack; Nuclear Advocates on the Defense
Public Fear of Nuclear Shadowed by Terrible Disaster
Increased Safety Measures May Affect Industry Growth
Realistically Nuclear Cannot Just Disappear: An Economic Perspective98
Fukushima’s Mark 1 Nuclear Reactor
Reactors Safety Scrutinized in Seismic Regions
‘Clean’ Nuclear Energy Touted as Fossil Fuel Alternative
Greenhouse Gas Debate May Affect Push Towards Clean Energy.. 101
Global Energy Demand Increasing
Global Electricity Costs Rising
Nuclear Energy Technologies Increase National Security
NET May be Mask for Nuclear Weapons Proliferation
Environmental Concerns Re: NET
Environmentalists Retain Grip on NET Market
Public Perception: Despite Imperfect Past Many Warming to NET.. 106
New Technologies Spruce Up NET Market
Small Reactors, Big News
Plant Life Extensions and Upgrades Good for Business
Cyber Attacks on Nuclear Power Plants More than a Possibility
Nuclear Technology Heavily Reliant on Uranium Mining Industry
Storing Nuclear Waste Unavoidable
UAE-led Nuclear Fuel Assurance Plan
Costs Associated with Nuclear Power Plants
Figure 4-1 U.S. Plant Levelized Costs, by Type
A Host of New Countries Plan Nuclear Power Operations by 2030.. 115
International Cooperation Growing: Countries Form Alliances
R&D for NET: Institutions and Universities Ideally Positioned
Workshops, Trade Shows and Other Events Fertilize NET Market .. 121
New Millennium Nuclear Energy Summit in the United States
President Obama’s Nuclear Security Summit
Ten Countries Participate in FNCA SMS in Serpong
The Future of Nuclear Technology Workshop
Iran’s National Day of Nuclear Technology
CHAPTER 5: TECHNOLOGICAL ADVANCES AND SCHEMES
Fusion Reactors Produce Less Waste than Fission Reactors
Generation IV Reactors
Managing Nuclear Waste through Reprocessing and Recycling
Small Modular Nuclear Reactors
Nuclear Canister Testing
China Discovers Technology to Increase Uranium Life
Iran’s Third Generation Centrifuges
European Pressurized Reactors
Pebble Bed Technology Goes Awry
Reduced Enrichment for Research Test Reactors Program
Continuous Electrodeionization for Radioactive Wastewater Decontamination
FUSTIN Dedicated Computer Code
Portable Nuclear Power of the Future
Thorium to Clean up Reactor Waste
CHAPTER 6: AROUND THE WORLD
World Population
Table 6-1 Projected World Population and Percent Change from Prior Year, 2010 - 2030
Figure 6-1 Ten Most Populated Countries, Percentage Share, 2010
Figure 6-2 Ten Most Populated Countries, Percentage Share, 2030
China and U.S. Together Consume 40% of the World’s Energy
Figure 6-3 Energy Consumption: United States, China and India
Electricity Consumption Worldwide
Figure 6-4 World Electricity Consumption, in Billion KW Hours
Figure 6-5 Ten Largest Consumers of Electricity
Figure 6-6 Ten Largest Consumers of Electricity, Per Capita
Electricity in Developed and Developing Countries
About 14% of Global Electricity Supplied by Nuclear Power
Global Nuclear Electricity Generation Sees Steady Growth
Figure 6-7 Electricity Generation by Energy Source
Table 6-2 Electricity Generation by Energy Source
Figure 6-8 Nuclear Reactors in Operation Around the Globe
Nuclear Reactors in Operation Around the World
Nuclear Reactors under Construction
Figure 6-9 Reactors Under Construction, Around the Globe
Figure 6-10 North America: Electricity Consumption and Generation In Billion KW Hours, 2005 - 2008
North America
Electricity Infrastructure Overview
Table 6-3 North America: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
The United States
Canada
South America and Central America
Electricity Infrastructure Overview
Figure 6-11 Central America and South America: Electricity Consumption and Generation
Table 6-4 Central and South America: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Mexico
Argentina
Brazil
Other South & Central American Countries Interested in NET
Europe
Electricity Infrastructure Overview
Figure 6-12 Europe: Electricity Consumption and Generation
Table 6-5 Europe: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
France
Germany
Ukraine
United Kingdom
Sweden
Spain
Belgium
Czech Republic
Switzerland
Finland
Bulgaria
Hungary
Slovak Republic
Romania
Republic of Slovenia
Netherlands
Other European Countries Interested in Nuclear Power
Africa
Electricity Infrastructure Overview
Figure 6-13 Africa: Electricity Consumption and Generation
Table 6-6 Africa:Electricity Consumption and Generation
Regional Nuclear Energy Positioning
South Africa
Other African Countries Interested in Nuclear Power
Asia
Electricity Infrastructure Overview
Figure 6-14 Asia: Electricity Consumption and Generation
Table 6-7 Asia:Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Japan
Russia
South Korea
China
Taiwan
India
Armenia
Other Asian Countries Interested in Nuclear Power
Middle East
Electricity Infrastructure Overview
Figure 6-15 Middle East: Electricity Consumption and Generation
Table 6-8 Middle East: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Pakistan
Iran
United Arab Emirates
Other Middle Eastern Countries Interested in Nuclear Power
Australia and Oceania
Electricity Infrastructure Overview
Figure 6-16 Australia and Oceania: Electricity Consumption and Generation
Table 6-9 Australia and Oceania: Electricity Consumption and Generation
Regional Nuclear Energy Positioning
Australia
New Zealand
CHAPTER 7: EMPLOYMENT OUTLOOK
Wide Scope of Jobs Included in the NET Market
Engineers in High Demand
Fukushima Likely to Inspire More Safety Related Job Openings
Nuclear Workforce Retiring
NET-related Job Earnings and Educational Requirements
Table 7-1: NET-related Job Earnings
Education Strengthens NET Workforce
Grants, Internships and Scholarships
Nuclear-related Job Positions Opening Worldwide
Online Postings for NET Job Opportunities and Training
Employee Hazards Associated with Nuclear Power Plants
Nearly 450,000 Employed in the Global Nuclear Market in 2010
Figure 7-1 Number of Individuals Employed in NET Market
Close to 550,000 People Employed in the NET Market in 2020
Figure 7-2 Projected Number of Individuals Employed in NET Market
CHAPTER 8: COMPANY STRATEGIES
Areva
Table 8-1 Areva Profile
Corporate Overview
Performance
Areva’s Products and Services Cover Wide Scope of NET
Areva Awarded DOE Conditional Commitment for $2 Billion
Areva’s 100th Reactor is France’s First Generation III Unit
Northern Europe’s Largest Industrial Project: Olkiluoto 3
Areva Signs 1,660 MW(e) International Commercial Contract
Areva’s Chalon/St. Marcel in Production Since 1975
Areva’s Creusot Forge Expands Manufacturing Capabilities
Areva Newport News
Areva Purchases France’s SFARsteel
Areva Joins China’s Donfang Boiler Group Co.
Areva Signs MOU with Bharat Forge Ltd.
Atomic Energy of Canada Ltd
Table 8-2 Atomic Energy of Canada Ltd. Profile
Corporate Overview
Performance
AECL’s CANDU Reactors
AECL Life Extension Projects
AECL’s CANDU Reactor Projects
AECL’s Research and Development Program
AECL’s Modular Air-cooled Storage System
Babcock & Wilcox Company
Table 8-3 Babcock & Wilcox Company Profile
Corporate Overview
Performance
B&W’s Product Portfolio
B&W mPower Modular Reactor
B&W Joins Forces with Areva
China First Heavy Industries (Group) Ltd. Co.
Table 8-4 China First Heavy Industries (Group) Ltd. Co. Profile
Corporate Overview
CFHI Provides Equipment and Services for Multiple Industries
CFHI Receives Generation III Approval
CFHI Signs Contract with Shandong Nuclear Power
CFHI Produces China’s First One Million KW Pressure Vessel
CFHI Acquires Contracts for RMB 823.55 Million
Doosan Heavy Industries & Construction Co., Ltd.
Table 8-5 Doosan Heavy Industries & Construction Co., Ltd. Profile
Corporate Overview
Performance
DHIC Offers Castings and Forgings for Nuclear Power Plants
DHIC To Provide Components for China Nuclear Corp
DHIC Signs Contract with Westinghouse and Shaw
DHIC Signs $3.9 Billion Contract with KEPCO
DHIC Ships to China, United States and Korea
Hitachi-GE Nuclear Energy, Ltd.
Table 8-6 Hitachi-GE Nuclear Energy, Ltd. Profile
Corporate Overview
GE-Hitachi Delivers to Japan and Other Regions
GE-Hitachi’s ABWRs in Japan
Prefabricated Large Modules
Mitsubishi Heavy Industries Ltd
Table 8-7 Mitsubishi Heavy Industries Ltd. Profile
Corporate Overview
Performance
Mitsubishi’s Nuclear Power Plant Products
Mitsubishi Has Strong Presence in Japan
Mitsubishi’s APWR for Europe and the United States
NuScale Power, Inc.
Table 8-8 NuScale Power, Inc. Profile
Corporate Overview
NuScale’s Small Nuclear Power System
Toshiba Corp.
Table 8-9 Toshiba Corp. Profile
Corporate Overview
Performance
Toshiba Produces Large Variety of Products
Toshiba Has Strong Nuclear Presence
Toshiba Partners with Westinghouse
Global Fuel and Service Business
Toshiba’s ABWR
Toshiba’s 4S Technology
Core Shroud Replacement Work
Radiation-tolerant Remote Operated Vehicle
Laser De-sensitization Treatment Technology
Westinghouse Electric Co., Llc.
Table 8-10 Westinghouse Electric Co., Llc. Profile
Corporate Overview
Westinghouse Boasts Large Variety of Products
Westinghouse’s Nuclear Ventures
Westinghouse’s AP1000™
Westinghouse Joins Forces with Shaw Group
Westinghouse Signs Agreement with Endesa
Westinghouse’s Small Modular Reactor
Westinghouse Provides Nuclear Fabrication Services in Carolina
Westinghouse To Supply Nuclear Energy Technologies to China
Chicago Bridge and Iron Co.
Table 8-11 Chicago Bridge and Iron Co. Profile
Corporate Overview
Performance
CB&I Caters to Numerous Industries
Containment Vessels and Pressure Vessels
Repairs and Modifications
The Japan Steel Works, Ltd.
Table 8-12 The Japan Steel Works, Ltd. Profile
Corporate Overview
Performance
JSW’s Product Portfolio
JSW Supplies Pressure Vessels to Areva’s EPRs
JSW’s Muroran Plant Receives Upgrade
Larsen & Toubro Ltd
Table 8-13 Larsen & Toubro Ltd. Profile
Corporate Overview
Performance
L&T’s Portfolio of Large Projects
L&T’s Nuclear Power Products
L&T Builds Factory with Nuclear Power Corp.
L&T Signs Four Large Agreements in 2009
OMZ Group
Table 8-14 OMZ Group Profile
Corporate Overview
Performance
Izhorskiye Zavody Caters to Nuclear Industry
Skoda JS Provides Reactor Components
Sheffield Forgemasters International, Ltd.
Table 8-15 Sheffield Forgemasters International, Ltd. Profile
Corporate Overview
SFI’s Product Portfolio Covers Many Industries, Including Nuclear Power
SFI Produces ‘Tons’ of Stuff
