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:
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:
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:
Market Insights: A Selection From The Report Global Market Values 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. European Nuclear Energy Technology Trends Outside of North America several nations, including China, Russia, and France, have indicated their intentions for greater dependence on nuclear energy and accelerated spending on nuclear manufacturing. Most reactor initiatives through 2030 are planned for Asia, where rapidly-growing economies are keeping pace with rising demand for electricity. South Korea plans to bring eight reactors into operation by 2015 while Japan has two reactors under construction. India has six reactors being built through 2010 and ten additional units are planned well into the next decade. Six large reactors are already under construction in Russia and due for completion in 2012. Most nuclear energy-focused countries have stepped up their government financing of research and development initiatives due to growing concern about the energy’s security and effect on the environment. Funding from the private sector, however, is largely going to research on development of Generation IV nuclear energy technologies. There is debate over the levels of research and development expenditures on nuclear energy compared to other emerging energy sources, such as renewables. SBI leveraged data available from the International Energy Association (IEA) to project future expenditures on nuclear research compared to research on other energy sources. We estimate that total spending on R&D in nuclear among IEA participating nations will reach $1.8 billion in 2009, compared to $1.3 billion for fossil fuels and $1.2 billion for renewables. By 2013, spending on renewables will rival nuclear energy R&D efforts with governments and private sectors spending $2.7 billion for renewables and $2.4 billion on nuclear. In the NewsEnergy-Hungry India Enters Agreement with France for Nuclear Reactors and Fuel New York, December 08, 2010 — The Wall Street Journal reported on Monday, December 6, 2010 that a "framework agreement" has been signed between French President Nicolas Sarkozy and Indian Prime Minister Manmohan Singh. The agreement will allow French state-owned Areva, to sell nuclear reactors to India’ Maharashtra state complete with nuclear fuel for 25 years. Manufacturers of nuclear reactor components, such as Areva, are entering a pivotal period as the new landscape of global nuclear energy production takes shape. Nations like India who are committed to constructing next-generation nuclear facilities will rely on these manufacturers to provide high quality products that foster a safe, secure, and enduring environment for energy production. "India’s shortage of fossil fuels is driving its assertive investment in nuclear technology. Their government has given approval for construction of new nuclear reactors using indigenous technology," says Shelley Carr, publisher of SBI Energy, a market research firm. India’s dedication to developing nuclear electricity as a cleaner alternative to coal-fired power has nations-the United States, for example-fiercely competing for a piece of its lucrative opportunity. According to Nuclear Energy Technologies Worldwide: Components and Manufacturing, a study by SBI Energy, India has six reactors currently in manufacturing and ten additional units planned through the next decade. Of this ten, six will be supplied from France as part of the newly signed agreement. Local media reports the value of the first two French reactors is estimated at $9.4 billion. SBI Energy’s study forecasts the total nuclear energy installed capacity in India will accelerate its domestic production of reactors and grow at a compound annual growth rate (CAGR) of 13% through 2013 to reach 39.4 MWh. SBI Energy’s Nuclear Energy Technologies Worldwide: Components and Manufacturing report covers several components of the nuclear energy technology industry around the world including the overall market value of nuclear energy technology manufacturing. The report examines shipments, imports and exports, as well as the economic and market trends driving the nuclear technology industry.
About SBI Energy In the News U.S. Paces Global Recommitment to Nuclear Energy Technologies New York, April 22, 2009 - Many world leaders now recognize that advancing nuclear technology is a catalyst for curbing dependence on carbon-based energy sources, and the United States is leading the charge among North American nations accelerating efforts to reduce their carbon footprints. Several nations are shifting their energy sources to counter increasing costs of fuels such as oil and gas, to compensate for aging equipment used to manufacture electricity, and to further facilitate the widespread desire to adopt more environmentally friendly sources that reduce carbon emissions. The U.S. is the global leader in nuclear energy technology manufacturing with a total market value that exceeded $45 billion in 2002, according to Nuclear Energy Technologies Worldwide: Components and Manufacturing, a new report from SBI, a leading industrial market research publisher. SBI estimates that the U.S. market will reach just under $51 billion by year-end 2009 and achieve more than $61 billion by 2013. Past incidents involving reactor malfunctions have made some wary of nuclear power’s impact on the environment. However, advancements in plant design, equipment requirements, and emergency preparedness improved the sustainability of nuclear power and have allowed it to piggyback on the green movement advancing the renewable energy market. “Projected high prices for oil and natural gas, and rising concern about the environmental effects of fossil fuels, improve the prospects for renewable energy sources, such as solar and wind. But nuclear power is also benefiting from the green movement. It emits practically no air pollution or greenhouse gases,” says Shelley Carr, associate publisher of SBI. Among members of the Organization for Economic Cooperation and Development (OECD), the United Kingdom and U.S. have displayed a growing interest in the potential role of nuclear power in meeting their energy challenges during the next three decades. The increased interest in nuclear power stems from an inherent need for nations to find environmentally sustainable ways to provide their citizens with affordable energy, particularly in light of the numerous vulnerable economies that are highly sensitive to price volatility and disruptions in traditional fossil fuel supplies from the Middle East. SBI projects that nuclear energy expansion in non-OECD countries will primarily occur in Russia, China, and India. Nuclear Energy Technologies Worldwide: Components and Manufacturing examines components of the global nuclear energy technology industry, including the market value of nuclear energy technology manufacturing, consumption of nuclear energy relative to other sources, and consumer attitudes toward nuclear energy safety and use. Information provided covers shipments, imports, exports, and key economic and market trends driving the industry. The report also analyzes 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 reactor technologies. About SBI SBI (Specialists in Business Information) publishes research reports in the industrial, energy, building/construction, automotive/transportation and packaging markets. SBI also offers a full range of custom research services.
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