Increase in the Installations of Nuclear Steam Generator to Drive the Growth of the Global Market 2018-2023 Top Key Players: Mitsubishi, Westinghouse Electric, Atomic Energy of Canada, BHEL, Korea Electric Power, GE Hitachi Nuclear Energy and More

Nuclear Steam Generator Market

Steam generators are heat exchangers used to convert feedwater into steam from heat produced in a nuclear reactor core. The steam produced drives the turbine. Basically, it is a kind of device that is used to create steam by boiling water.

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A nuclear steam generator is used to transfer heat from the primary curve to the secondary curve. It is linked between both the loops to generate electricity from nuclear power plants. The primary curve is a piping system that contains coolant which is normally at a very high pressure and temperature. On the other hand, a secondary curve consists of a separate piping system, which converts water into steam to rotate turbines.

Increasing investments by the government; growing demand for energy; and an increase in the number of reactors are the key factors driving the growth of the market. Additionally, increasing investments for power reactors will boost the market over the forecast period.

Nuclear Steam Generator Top Key Players:
Mitsubishi, Westinghouse Electric, Atomic Energy of Canada, BHEL, Korea Electric Power, GE Hitachi Nuclear Energy, and More

Europe Holds the Largest Market Share, followed by the Asia Pacific and North America:
Europe accounted for the largest market share for the nuclear steam generator, followed by the Asia Pacific and North America. Europe dominated the global nuclear steam generator market, in 2017, and is expected to continue to dominate over the forecast period. However, Asia-Pacific is estimated to witness the highest growth in the coming years. Russia was the largest consumer in this region. Growing number of nuclear power plants in emerging countries such as India, Japan, and China will boost the market growth over the forecast period. Moreover, increased installation of Nuclear Steam Generator in the Asia-Pacific region will likely fuel the market.

Market Segment by Type, covers:
Horizontal Steam Generator, Vertical Steam Generator

Market Segment by Applications, can be divided into:
Nuclear Reactor, Nuclear Power Plant, Other

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Chinese Market To Grow Rapidly In The Coming Years:
Increasing usage of electricity in China has given rise to power shortages, and the usage of fossil fuel has led to air pollution in this region. China accounted for the largest installed power capacity and is increasing at a fast pace. Additionally, China has 20 power reactors under construction and 19 power reactors under implementation. These factors are anticipated to drive the nuclear steam generator market in this region.  

Innovation will Likely Surge the Market Demand over the Forecast Period:
Increasing need to replace steam generators has influenced market players to innovate and improve the product in terms of technological advancements. Additionally, the leading players are investing in developing economies due to the wide use of electricity in such regions. Furthermore, the expansion of nuclear power industry will likely play a valuable role in reducing greenhouse gas emissions, with a number of countries adopting it along with other clean sources of energy such as wind, solar, and hydropower. The prominent players in the market include Areva, Hitachi-GE Nuclear Energy, The State Atomic Energy Corporation (ROSATOM), Westinghouse Electric, Atomic Energy of Canada, Bharat Heavy Electricals, KEPCO, and Mitsubishi Heavy Industries.

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The Regional and country-level analysis of the Nuclear Steam Generator Market, by end-use.
The Detailed analysis and profiles of additional market players.

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