Nuclear Power Plant and Equipment Market Opportunities And Strategies, Potential Growth by 2025

Allied Market Research published a new report, titled, "Nuclear Power Plant and Equipment Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Increased demand for nuclear power plants in developing countries and rise in need to produce clean energy have boosted the growth of the global nuclear power plant and equipment market. However, high initial cost of nuclear power equipment hampers the market growth. On the contrary, countries in the Middle East have been focusing on developing the nuclear energy infrastructure, which in turn would offer lucrative opportunities for the market players in future.

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Based on reactor type, the market is segmented 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. Pressurized water reactor (PWR) is the most lucrative reactor type segment in the nuclear power plant and equipment market owing to their stability at higher temperature, which makes the reactor easier to operate from a stability standpoint.

Based on equipment type, the market is bifurcated into island equipment and auxiliary equipment. The auxiliary equipment segment is projected to exhibit highest growth, as it plays a crucial role in operational safety and has a wide range of applications in a nuclear plant. Furthermore, the general performance of auxiliary equipment deteriorates with time, which in turn affects its efficiency. Thus, need to replace the equipment further fuels the demand for auxiliary equipment in a nuclear power plant.

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Asia-Pacific contributed about half of the total share in 2017, owing to the increased demand for electricity and power outages in the region. Moreover, increasing incidence of chronic smog in countries such as India and China is expected to boost the demand for cleaner energy alternatives such as nuclear power. Thus, the Asia-Pacific region is expected to register the fastest CAGR of 4.5% during the forecast period. The other regions discussed in the report are North America, Europe, and LAMEA.

The leading companies profiled in the report are Shanghai Electric Group Co., Ltd., Larsen & Toubro Limited., Dongfang Electric Corp. Ltd., Toshiba, Doosan Corporation, General Electric, Mitsubishi Heavy Industries, Ltd., BWX Technologies, Inc., ROSATOM (ROSATOM State Atomic Energy Corporation), and Korea Electric Power Corporation.

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