At 3.7% CAGR, Nuclear Power Plant and Equipment Market to Reach $US $49,038 Million in 2024

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.

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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A nuclear power plant is a type of power station that generates electricity by using heat from nuclear reactions that take place in a reactor. The plant also consists of machines that expel heat from the reactor to operate a steam turbine and generator to produce electricity. Electricity generated by nuclear power plants is called nuclear power.

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 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.

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The other players in the value chain (not included in the report) include Hitachi, Ltd., Babcock and Wilcox, Orano, and Korea Hydro & Nuclear Energy.

Related Report:

Global Nuclear Waste Management Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023

This report studies the Nuclear Waste Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Nuclear Waste Management market by product type and applications/end industries.

Nuclear waste usually refers to materials or residues left after the burning of nuclear fuel in reactors. These residues mainly comprise radioactive materials that can cause acute radiation sickness. The rapidly growing population and the subsequently rising electricity demand, increasing dependence on fossil fuel, and increasing awareness regarding alternative energy sources are the key drivers of the global nuclear waste management market.

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Posted by on Friday October 12 2018, 7:53 AM EDT. All trademarks acknowledged. Filed under Clean Energy, Energy & Natural Resources, Energy Efficiency, Featured Press Release, Power. Comments and Trackbacks are open. Follow responses: RSS 2.0

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