$58.4 Billion Nuclear Power Plant and Equipment Markets by Reactor Type and Equipment Type – Global Opportunity Analysis and Industry Forecasts, 2021-2022 & 2030 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Nuclear Power Plant and Equipment Market by Reactor Type and Equipment Type: Global Opportunity Analysis and Industry Forecast 2021-2030” report has been added to ResearchAndMarkets.com’s offering.

The global nuclear power plant and equipment market was valued at $41.1 billion in 2020, and is projected to reach $58.4 billion by 2030, growing at a CAGR of 3.5% from 2020 to 2030

The uses of nuclear technology extend well beyond the provision of low-carbon energy. It helps control the spread of disease, assists doctors in diagnosis and treatment of patients, and powers our most ambitious missions which is to explore space. These varied uses position nuclear technologies at the top to achieve sustainable development.

According to World Nuclear Association, around 10% of the world’s electricity is generated by about 440 nuclear power reactors. About 50 more reactors are under construction, equivalent to approximately 15% of existing capacity. In 2020 nuclear plants supplied 2553 TWh of electricity, down from 2657 TWh in 2019. Prior to 2020, electricity generation from nuclear energy had increased for seven consecutive years.

In addition, there is a clear need for new generating capacity around the world, both to replace old fossil fuel units, especially coal-fired ones, which emit a lot of carbon dioxide, and to meet increased demand for electricity in many countries. However, to replace old fossil fuel, nuclear energy play a vital role which may drive the market growth also.

Rise in energy demand clubbed with international climate change goals, and growth in nuclear investments across the globe may act as the major driving factor for the global nuclear power plant and equipment market. In addition, nuclear power remains as an important option for many countries to improve energy security, reduce the impact of volatile fossil fuel prices and mitigate the effects of climate change and air pollution.

However, high cost of associated with nuclear power plant may act as the major restraining factor for the market growth.

The global nuclear power plant and equipment market analysis covers in-depth information about the major industry participants.

Key Findings Of The Study

• On the basis of reactor type, the pressurized water reactor (PWR) segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period
• On the basis of equipment type, the auxiliary equipment segment emerged as the global leader in 2020 and is anticipated to be the largest markets during the forecast period
• On the basis of region, the Asia-Pacific registered the highest market share and is projected to maintain the same during the forecast period

Market Dynamics

Drivers

• Ascend in Energy Demand and Prerequisite of Cleaner Generation of Power
• Innovative Headways in Nuclear Power Equipment

Restraint

• Trouble in the Administration of Atomic Waste of Nuclear Waste (Radioactive Waste)

Opportunities

• Rise in Demand from APAC

Company Profiles

• BWX Technologies, INC
• Dongfang Electric Co., Ltd.
• Doosan Corporation
• General Electric
• Korea Electric Power Corporation
• Larsen & Toubro Limited
• Mitsubishi Heavy Industries, LTD.
• Shanghai ALSTOM SA
• The State Atomic Energy Corporation (ROSATOM)
• Toshiba International Corporation

KEY MARKET SEGMENTS

By Reactor Type

• Pressurized Water Reactor (PWR)
• Pressurized Heavy Water Reactor (PHWR)
• Boiling Water Reactor (BWR)
• Light Water Graphite Reactor (LWGR)
• Gas Cooled Reactor (FBR)
• Others

By Equipment Type

• Island equipment
• Auxiliary equipment

By Region

• North America
• US
• Canada
• Mexico
• Europe
• France
• Germany
• Russia
• Spain
• UK
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Brazil
• U.AE
• South Africa
• Rest of LAMEA

For more information about this report visit https://www.researchandmarkets.com/r/e8nc9n

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