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Technology Trends and Advancements in Nuclear Energy Utilization

Energy Technology Trends and Advancements in Nuclear Energy Utilization

Next-generation Nuclear Technologies Promote Carbon Neutrality and Hydrogen Economy Growth Opportunities

INDUSTRY
Energy

RELEASE DATE
01-Dec-2022
REGION
Global
DELIVERABLE TYPE
Technology Research

RESEARCH CODE
DA6B-01-00-00-00
SKU
EG02291-GL-TR_27213
Yes
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Technology Trends and Advancements in Nuclear Energy Utilization
Published on: 01-Dec-2022 | SKU: EG02291-GL-TR_27213

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Description

Globally, low-carbon energy resources are increasingly critical to combat climate change and ensure adherence to the Paris Climate Summit declarations, especially net zero carbon emissions targets. Nuclear energy can play a critical role due to its high energy density, low land footprint compared to renewable energy sources, and cost competitiveness with fossil-fueled power plants. However, there have long been concerns surrounding the safety of nuclear power plants. This has prompted industry players to make continuous changes in plant design to enhance the safety profile of reactors. There are also significant R&D efforts in plant miniaturization, notably the development of small modular reactors, to make nuclear energy a key tool in decarbonizing the energy and industrial sector. The nuclear industry is also gearing up for its next growth phase by developing Generation IV reactors, which involve changes in the working fluid, coolants, operating temperatures, and power output, among others. With the recent downturn in geopolitical stability in Europe, high natural gas prices, and efforts to ensure energy security, nuclear power is set to record strong growth in upcoming years. The study describes the major technology trends, growth drivers, and restraints in next-generation nuclear energy technologies. It also offers a detailed growth opportunity analysis and explores the key stakeholders developing advanced nuclear plant designs, including Generation III – III+ and Generation IV reactors. The study analyzes the global patent landscape for nuclear fission technologies and highlights the main patent owners/applicants and major research areas.

Infographic
Table of Contents

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Nuclear Power Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Nuclear Fission—Technology Introduction and Attributes

Advanced Nuclear Power Reactors

Nuclear Fission Process

The Most Advanced Nuclear Reactor Designs are Based on PWR and BWR

Advanced Nuclear Reactors Represent the Next Stage in the Deployment of Fission Reactors

SMRs Can be a Game Changer in Widening Nuclear Power Application Scope

Generation IV Reactors Will Gain Traction Beyond 2030

Cost Breakdown of Nuclear Power Plants

Generating Nuclear Power is Cheaper Than Coal and Combined cycle Plants

Kazakhstan is the Largest Mined Uranium Producer, While France and China Have the Highest Enrichment Capacity

Nuclear Waste Management is a Crucial Part of the Nuclear Fuel Cycle

Superior Safety and Cost Savings with Next-generation ABWR

Advanced PWR Offering Superior Thermal Efficiency and Cooling System

Stable Salt Fast Reactor with the Capacity to Burn Waste Nuclear fuel

Cost-competitive and Safe SMR

Next-Generation SMR for Decentralized Applications

PWR-based SMR Offering Low Cost and Easy Deployment

Generation—IV Offering High Safety and Efficiency

United States Leads in Nuclear Fission R&D Activity

Growth Opportunity 1: Growing Demand for Low Emission Hydrogen Will Support Generation IV Reactor Development

Growth Opportunity 1: Growing Demand for Low-emission Hydrogen Will Support Generation IV Reactor Development (continued)

Growth Opportunity 2: Need for Industrial Decarbonization and Electrification Will Support Deployment of Small Modular Reactors

Growth Opportunity 2: Need for Industrial Decarbonization and Electrification Will Support the Deployment of SMRs (continued)

Growth Opportunity 3: Nuclear Energy Can Ensure Energy Security and Energy Independence in the Current Geopolitical Atmosphere

Growth Opportunity 3: Nuclear Energy Can Ensure Energy Security and Energy Independence in the Current Geopolitical Atmosphere (continued)

Technology Readiness Levels (TRL): Explanation

Your Next Steps

Why Frost, Why Now?

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Globally, low-carbon energy resources are increasingly critical to combat climate change and ensure adherence to the Paris Climate Summit declarations, especially net zero carbon emissions targets. Nuclear energy can play a critical role due to its high energy density, low land footprint compared to renewable energy sources, and cost competitiveness with fossil-fueled power plants. However, there have long been concerns surrounding the safety of nuclear power plants. This has prompted industry players to make continuous changes in plant design to enhance the safety profile of reactors. There are also significant R&D efforts in plant miniaturization, notably the development of small modular reactors, to make nuclear energy a key tool in decarbonizing the energy and industrial sector. The nuclear industry is also gearing up for its next growth phase by developing Generation IV reactors, which involve changes in the working fluid, coolants, operating temperatures, and power output, among others. With the recent downturn in geopolitical stability in Europe, high natural gas prices, and efforts to ensure energy security, nuclear power is set to record strong growth in upcoming years. The study describes the major technology trends, growth drivers, and restraints in next-generation nuclear energy technologies. It also offers a detailed growth opportunity analysis and explores the key stakeholders developing advanced nuclear plant designs, including Generation III – III+ and Generation IV reactors. The study analyzes the global patent landscape for nuclear fission technologies and highlights the main patent owners/applicants and major research areas.
More Information
Deliverable Type Technology Research
Author Nikhil Paranjape
Industries Energy
No Index No
Is Prebook No
Keyword 1 Nuclear Fission Technology
Keyword 2 Nuclear Energy Technology
Keyword 3 Next-generation Nuclear Technologies
Podcast No
WIP Number DA6B-01-00-00-00