Nuclear Power Plant and Equipment Market Overview:
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 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.
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.
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.
Key Benefits for Nuclear Power Plant and Equipment Market:
This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with a strategic assessment of the global nuclear power plant and equipment market.
Market size and estimations are based on a comprehensive analysis of the reactor type, equipment type, and developments in the industry.
A qualitative analysis based on innovative products and devices facilitate strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
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)
Others
By Equipment Type
Island Equipment
Auxiliary Equipment
By Region
North America
U.S.
Canada
Mexico
Europe
France
Slovak Republic
Ukraine
Russia
UK
Rest of Europe
Asia-Pacific
Japan
China
Taiwan
India
South Korea
Pakistan
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Argentina
Rest of LAMEA
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 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.
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.
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.
Key Benefits for Nuclear Power Plant and Equipment Market:
This report entails a detailed quantitative analysis of the current market trends from 2017 to 2025 to identify the prevailing opportunities along with a strategic assessment of the global nuclear power plant and equipment market.
Market size and estimations are based on a comprehensive analysis of the reactor type, equipment type, and developments in the industry.
A qualitative analysis based on innovative products and devices facilitate strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market.
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)
Others
By Equipment Type
Island Equipment
Auxiliary Equipment
By Region
North America
U.S.
Canada
Mexico
Europe
France
Slovak Republic
Ukraine
Russia
UK
Rest of Europe
Asia-Pacific
Japan
China
Taiwan
India
South Korea
Pakistan
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Argentina
Rest of LAMEA
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
Chapter 2: EXECUTIVE SUMMARY
Chapter 3: MARKET OVERVIEW
Chapter 4: GLOBAL NUCLEAR POWER PLANT AND EQUIPMENT MARKET, BY REACTOR TYPE
Chapter 5: GLOBAL NUCLEAR POWER PLANT AND EQUIPMENT MARKET, BY EQUIPMENT TYPE
Chapter 6: NUCLEAR POWER PLANT AND EQUIPMENT MARKET, BY REGION
Chapter 7: COMPANY PROFILES
List Of Tables
List of Figures
Note: Product cover images may vary from those shown
According to this report titled, Nuclear Power Plant and Equipment Market by Reactor Type and Equipment Type: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global nuclear power plant and equipment market was valued at $36,484 million in 2017, and is projected to reach $49,038 million by 2025, growing at a CAGR of 3.7% from 2018 to 2025. India accounted for more than one-fifth share in the Asia-Pacific nuclear power plant and equipment market in 2017.
Nuclear power is the energy produced by power plants by obtaining heat from the fission of uranium fuel in a nuclear reactor. This energy is further utilized for generating electricity through turbines. A nuclear power plant houses pumps, valves, steam generators, turbines, electric generators, condensers, and analogous equipment, similar to a large coal-fired power plant. It excludes the reactor, which plays the role of a boiler in a fossil-fuel power plant.
Rise in demand from developed countries, such as North America and Europe, which environmental problems due to use of electricity generated from fossil fuels drives the growth of the nuclear power plant and equipment market. In addition, consistent technological advancements in nuclear power equipment such as reactors, also contribute toward the market growth. However, cost of the nuclear power plant and management of radioactive waste are the factors expected to hamper the growth of the market. Conversely, promising growth of nuclear power in the developing countries of the Asia-Pacific region, owing to rise in industrial sector and economic development offer lucrative growth opportunities.
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.
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. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
In 2017, Europe and Asia-Pacific collectively accounted for more than three-fourths of the global nuclear power plant and equipment market, in terms of value. This is attributed to the growth in inclination toward nuclear energy.
Furthermore, countries in Europe, such as Italy, Albania, Serbia, Croatia, Portugal, Norway, Poland, Belarus, Estonia, Latvia, Lithuania, Ireland, and Turkey are planning or starting nuclear power programs, among which Turkey is all set to construct its first nuclear power plant. The power shortages in Asia-Pacific and widespread air pollution issues have encouraged countries to look for clear energy source such as nuclear energy. China and India are the major countries contributing to the growth of the nuclear power plant and equipment market in Asia-Pacific.
The major players profiled in this study include 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 is the energy produced by power plants by obtaining heat from the fission of uranium fuel in a nuclear reactor. This energy is further utilized for generating electricity through turbines. A nuclear power plant houses pumps, valves, steam generators, turbines, electric generators, condensers, and analogous equipment, similar to a large coal-fired power plant. It excludes the reactor, which plays the role of a boiler in a fossil-fuel power plant.
Rise in demand from developed countries, such as North America and Europe, which environmental problems due to use of electricity generated from fossil fuels drives the growth of the nuclear power plant and equipment market. In addition, consistent technological advancements in nuclear power equipment such as reactors, also contribute toward the market growth. However, cost of the nuclear power plant and management of radioactive waste are the factors expected to hamper the growth of the market. Conversely, promising growth of nuclear power in the developing countries of the Asia-Pacific region, owing to rise in industrial sector and economic development offer lucrative growth opportunities.
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.
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. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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.
In 2017, Europe and Asia-Pacific collectively accounted for more than three-fourths of the global nuclear power plant and equipment market, in terms of value. This is attributed to the growth in inclination toward nuclear energy.
Furthermore, countries in Europe, such as Italy, Albania, Serbia, Croatia, Portugal, Norway, Poland, Belarus, Estonia, Latvia, Lithuania, Ireland, and Turkey are planning or starting nuclear power programs, among which Turkey is all set to construct its first nuclear power plant. The power shortages in Asia-Pacific and widespread air pollution issues have encouraged countries to look for clear energy source such as nuclear energy. China and India are the major countries contributing to the growth of the nuclear power plant and equipment market in Asia-Pacific.
The major players profiled in this study include 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.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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