Nuclear Power Plant and Equipment Market anticipated to generate $49,038 million in 2025 | Shanghai Electric Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Larsen & Toubro Limited., BWX Technologies, Inc., Dongfang Electric Corp. Ltd.
The nuclear power plant and equipment market accounted for revenue of $36,484 million in 2017 and is anticipated to generate $49,038 million in 2025, growing at a CAGR of 3.7% from 2018 to 2025.
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The growth of the nuclear power plant and equipment market is driven by increase in demand from developing countries, such as China, where it is used on a large scale owing to its clean form of energy. Furthermore, the Middle Eastern countries focus on the development of nuclear energy infrastructure, which is expected to offer significant business opportunities and is anticipated to boost the nuclear power plant and equipment market. However, high cost associated with the nuclear power plant equipment hampers the growth of the market to a certain extent. Strict environmental norms or regulations regarding greenhouse gas emissions create numerous growth opportunities for the market.
The global nuclear power plant and equipment market is segmented based on reactor type, equipment type, and region. Based on reactor type, it is categorized into high temperature gas-cooled reactor (HTGR), pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), fast breeder reactor (FBR), and others. By equipment type, the market is bifurcated into island equipment and auxiliary equipment. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players analyzed in this report are Shanghai Electric Group Co., Ltd., Mitsubishi Heavy Industries, Ltd., Larsen & Toubro Limited., BWX Technologies, Inc., Dongfang Electric Corp. Ltd., ROSATOM (ROSATOM State Atomic Energy Corporation), Toshiba, Doosan Corporation, Korea Electric Power Corporation, and General Electric.
The other players in the value chain (not included in the report) include Hitachi, Ltd., Babcock and Wilcox, Orano, and Korea Hydro & Nuclear Energy.
Nuclear Power Plant and Equipment Market Key Market Segments:
By Reactor Type
High Temperature Gas-Cooled Reactor (HTGR)
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR)
Fast Breeder Reactor (FBR)
By Equipment Type
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