Nuclear Steam Generator Market: Business Size, Growth Rate, Competitive Analysis, Industry Dynamics & Estimation by 2020

COVID-19 pandemic has turned out to be a major growth determinant in the industrial automation sector. With the integration of digital infrastructure to monitor and control public health, industrial automation has taken a new shape. This crisis has enhanced the value of IT and digital transformation across different sectors and industries.

In the current situation of restricted movement and reduced workforce, new technologies have been developed to provide end-to-end automation in different sectors such as food processing. Automated systems are hired by the companies to ensure continued supply and manufacturing of products with the least manual interference.

The digital transformation during the COVID-19 pandemic has enhanced our dependency on advanced technologies such as Augmented Reality, Virtual Reality, and the Industrial Internet of Things. The unfulfilled financial targets are compelling the organizations to adopt automation and advanced technologies to stay ahead in the market competition. Businesses are utilizing this opportunity by identifying daily operational needs and inculcating automation in it to create a digital infrastructure for the long term.

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Steam generator is a device which is used to create steam by boiling water. Steam generators are also referred as heat exchangers used to convert water particles into steam from heat produced in a nuclear reactor plant. Nuclear steam generator is used in high pressure water reactor having primary loop (piping system that contains coolant) and secondary loops (have separate piping system, here water is converted to steam to rotate turbines which generate electricity) attached to the water reactor. The primary loop is usually at very high temperature and pressure.

Nuclear steam generator is a device which is used to transfer heat between the two loops from primary loop to the secondary loop attached to the generator. Nuclear steam generator which is attached between the primary and secondary loop generate electricity from the nuclear plant. Water flowing between the primary and secondary loops never mixes with each other. Materials which are used to manufacture turbine and piping system of a nuclear steam generator have special features to withstand heat and radiation of the reactor. Normal nuclear plant steam generator take the dimension up to 70 feet (approximately 21 meter) in length and around 800 tons in weight.

On the bases of dimensions, the global nuclear steam generator market can be divided into horizontal and vertical steam generator. Countries such as Canada, Japan, France and Germany use vertical form of nuclear steam generators to generate electricity from nuclear power plant, whereas Russian nuclear plants majorly use horizontal form of nuclear steam generator to generate electricity.

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Europe has the largest market share for nuclear steam generator, followed by Asia Pacific and North America. Russia is the largest consumer for nuclear steam generator globally. Europe is expected to dominate in the forecasted period with North America showing average growth. However, Asia Pacific is expected to witness highest growth in the coming years. Increasing number of nuclear power plant in the countries such as China, Japan, and India are expected to boost the Asia Pacific market in forecasted period.

Rising number of nuclear power plant around the globe especially in countries such as Russia, China and India is driving the global nuclear steam generator market. Additionally, to increase the electric generating capacity many nuclear plant are changing their generating system, this is further expected to increase the demand for nuclear steam generator in coming years. Also, shortage of electricity in the countries such as India is further expected to increase the electricity demand from the nuclear power plants. This may increase the demand for nuclear steam generator to generate electricity to some extent. However, high cost of installation associated with the nuclear steam generator is expected to hamper the global nuclear steam generator market, but at very niche level.

Increasing investment by the governments of the Asian countries to increase generation of electricity from the nuclear plants is propelling the global nuclear steam generator manufacturers to invest more in the developing countries of Asia Pacific.

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Some of the major companies operating in the global nuclear steam generator market are :

Mitsubishi Heavy Industries,
Westinghouse Electric,
Atomic Energy of Canada,
Bharat Heavy Electricals,
Korea Electric Power Corporation
GE Hitachi Nuclear Energy.

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