Nuclear Power in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
4413Revenue
$24.6bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
18,069
Businesses
4
Wages
$XXX.Xm
Nuclear Power in China industry analysis
The emerging Nuclear Power industry in China has been developing quickly and steadily. Industry revenue is expected to grow at an annualized 9.1% over the five years through 2023, to $24.6 billion. This includes an anticipated 7.0% increase in the current year. The government's strategy for developing alternative energy in China has had a positive impact on the industry. Additional drivers for industry growth have been power shortage in coastal regions, the maturity of China's third-generation nuclear power technology, the constant increasing installed capacity of nuclear power.Considering safety, new nuclear power projects require approval from the State Council and licensed operation. As of 2023, only four central state-owned companies have obtained licenses to develop and operate nuclear power plants in China. The two major companies, CGN Power and CNNC, are expected to contribute over 95.0% of total industry revenue in the current year. As of 2022, there were 55 nuclear power units in operation in China, with a total installed capacity of 57.0 million kilowatts, and 21 nuclear power units under construction, with a total installed capacity of 24.1 million kilowatts. From 2018 to 2023, the total power generation of nuclear power units will increase at an average rate of 8.5%, to 442.4 billion kilowatt-hours. Nuclear power as a share of total power generation in China will rise from 4.1% to 4.6%.As China aims to have CO2 emissions peak before 2030 and achieve carbon neutrality before 2060, the Government will continue to support the development of the industry. Industry revenue is forecast to grow at an annualized 11.0% over the five years through 2028, to $41.4 billion. As nuclear power technology matures, the energy efficiency of the nuclear power plants is anticipated to improve, ensuring that the industry's profitability remains high.
Trends and Insights
- Nuclear power installed capacity has been expanded. As of 2022, there were 55 nuclear power units in operation and 21 nuclear power units under construction in China, with installed capacity of 57.0 million kilowatts and 24.1 million kilowatts respectively.
- Pressurized water reactors represent the mainstream technology. The Chinese Government has established pressurized water reactor as the development direction and technological route of its nuclear power technology since 1983.
- The site selection of nuclear power plants is highly demanding. The site selection of nuclear power plants is necessary to comprehensively consider factors like regional electricity demand, safety and reliability, environmental compatibility, economic rationality, etc.
- Industry concentration level is high. The industry was dominated by two companies, CGN Power and CNNP, with a joint market share of 95.3% in 2023.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 9.1 % over the past five years, to reach an estimated $24.6bn in 2024.
Trends and Insights
Growing electricity demand in China has promoted industry demand
- With the rapid development of the national economy, China's electricity demand has also maintained a relatively high growth.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Higher environmental protection target will drive further industry growth
- Nuclear power, which has the advantages of clean, low-carbon, stable, and efficient, in promoting energy structure transformation has been increasingly valued, in the global response to climate change.
Biggest companies in the Nuclear Power in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Nuclear Power in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Nuclear Power in China
Products & Services
Industry revenue is measured across several distinct product and services lines, including Nuclear power generated by pressurized water reactors, Nuclear power generated by pressurized heavy water reactors and Nuclear power generated by high-temperature gas-cooled reactors. Nuclear power generated by pressurized water reactors is the largest segment of the Nuclear Power in China.
Trends and Insights
Pressurized water reactor is the technological route of China's nuclear power technology
- A pressurized water reactor is a reactor that uses pressurized, non-boiling light water as a moderator and coolant.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Thermal Power Generation in China
- Hydroelectric Power in China
- Alternative Energy in China
- Wind Power in China
- Solar Power Generation in China
Complementors
- There are no industries to display.
International industries
- Nuclear Power in the US
- Electricity Production in the UK
- Electricity Production in Ireland
Table of Contents
About this industry
Industry definition
The Nuclear Power industry in China is composed of state-controlled nuclear power plants that employ nuclear fission to generate heat, which is then converted to electricity. Nuclear power plants then provide this electricity to transmission systems or electric power distribution systems.
What's included in this industry?
Nuclear power generated by pressurized water reactorsNuclear power generated by pressurized heavy water reactorsNuclear power generated by high-temperature gas-cooled reactorsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
NUCLEAR REACTORPRESSURIZED WATER REACTORPRESSURIZED HEAVY WATER REACTORURANIUM OREPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Nuclear power installed capacity has been expanded. As of 2022, there were 55 nuclear power units in operation and 21 nuclear power units under construction in China, with in...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Pressurized water reactors represent the mainstream technology. The Chinese Government has established pressurized water reactor as the development direction and technologica...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The site selection of nuclear power plants is highly demanding. The site selection of nuclear power plants is necessary to comprehensively consider factors like regional elec...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Industry concentration level is high. The industry was dominated by two companies, CGN Power and CNNP, with a joint market share of 95.3% in 2023.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Only four companies obtain licenses. The industry is heavily regulated by the Chinese government. As of 2023, only four companies have obtained licenses to develop and operat...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry is heavily regulated. Safety is the most important factor that needs to be considered in the design, construction, and operation of nuclear power plants. Consequ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Depreciation is the largest cost item. Nuclear power plants invest heavily in fixed assets and equipment, which result in high depreciation costs.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Nuclear Power industry in China in 2024?
The market size of the Nuclear Power industry in China is $24.6bn in 2024.
How many businesses are there in the Nuclear Power in China industry in 2024?
There are 4 businesses in the Nuclear Power industry in China, which has grown at a CAGR of 5.9 % between 2019 and 2024.
Has the Nuclear Power industry in China grown or declined over the past 5 years?
The market size of the Nuclear Power industry in China has been growing at a CAGR of 9.1 % between 2019 and 2024.
What is the forecast growth of the Nuclear Power industry in China over the next 5 years?
Over the next five years, the Nuclear Power industry in China is expected to grow.
What does the Nuclear Power in China include?
Nuclear power generated by pressurized water reactors and Nuclear power generated by pressurized heavy water reactors are part of the Nuclear Power industry.
How competitive is the Nuclear Power industry in China?
The level of competition is low and increasing in the Nuclear Power industry in China.
