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Nuclear Power Plant and Equipment Market Projected to Cross $49,038 million by 2025

08-19-2021 07:11 AM CET | Energy & Environment

Press release from: Allied Market Research

Nuclear Power Plant and Equipment Market

Nuclear Power Plant and Equipment Market

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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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)
Korea Electric Power Corporation.

The following are the regions covered in this report.

North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]

Key points of the report

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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Key Finding of the Nuclear Power Plant and Equipment Market :

The pressurized water reactor (PWR) segment accounted for nearly two-thirds share in the nuclear power plant and equipment market in 2017.
The auxiliary equipment segment is anticipated to grow with the highest CAGR of 3.9% during the forecast period.
Asia-Pacific is anticipated to grow at the highest rate in the nuclear power plant and equipment market during the forecast period.
North America occupied nearly one-seventh share in the global market in 2017.

Reasons for Buying this Report:

Complete analysis on market dynamics, market status and competitive nuclear power plant and equipment view is offered.
Forecast Global nuclear power plant and equipment Industry trends will present the market drivers, constraints and growth opportunities.
The five-year forecast view shows how the market is expected to grow in coming years.
All vital Global nuclear power plant and equipment Industry verticals are presented in this study like Product Type, Applications and Geographical Regions.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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