Nuclear Power Plant Equipment Market 2020-2025 by Product, Carrier and Region


DUBLIN, July 29, 2020 / PRNewswire / – The report “Global Nuclear Power Plant Equipment Market: Growth, Trends and Forecasts (2020-2025)” has been added to ResearchAndMarkets.com offer.

Experts predict that the global nuclear power plant equipment market is expected to grow at a CAGR of around 7.81% during the forecast period 2020-2025.

The main factors behind the market studied are the increase in energy demand associated with international climate change targets and the increase in nuclear investments in Asia Pacific. Additionally, nuclear power remains an important option for many countries to improve energy security, reduce the impact of fossil fuel price volatility, and mitigate the effects of climate change and air pollution.

However, the lower cost of renewables instilled with negligible emissions and the difficulty associated with securing financing for the nuclear power plant project are expected to hold back the growth of the market.

The nuclear power plant equipment market is consolidated. Some of the major companies include JSC AEM-technology, Larsen & Toubro Ltd, JSC ATOMSTROYEXPORT, Doosan Corporation and Dongfang Electric Corp Limited.

Highlights

  • Pressurized Water Reactors (PWRs) are expected to dominate the market in 2019 and register the highest growth rate, due to the increasing number of projects underway coupled with increasing investments in PWRs.
  • The Middle East country hjh like United Arab Emirates have made progress in the construction of their first nuclear power plants, in addition to several countries in Africa who also continued their projects after hosting Integrated Nuclear Infrastructure Review (INIR) missions, creating many opportunities for market players.
  • Asia Pacific is the largest and most dynamic market, with China is expected to be the largest market in the region due to 48 operational nuclear power plants and long-term shutdown, followed by Japan and India.

Market trends

Pressurized water reactor to dominate the market

  • Due to the growing concern for the safety of nuclear power plants, operators prefer pressurized water reactors which are the safest of all types available. In addition, the PWR reactor prevents contamination of water with radioactive materials, thus preventing environmental damage.
  • From December 2019, there were 443 operational reactors in the world. Among these, there are 300 PWRs, with a capacity of 283.96 Electric Gigawatts (GWe). United States has 64 PWRs with a capacity of 64.75 GWe, followed by France and China with 58, 63.13 GWe and 45 PWRs, 44.14 GWe, respectively.
  • Since then, the PWR requires robust piping and a high pressure vessel to ensure that the highly pressurized water remains in a liquid state when maintaining high temperatures, making the PWR construction expensive. Hence, the increasing demand for PWR is expected to have a significant positive impact on the nuclear power plant equipment market during the forecast period.
  • In addition, upcoming projects in Asia Pacific region in particular in China should be dominated by PWR, considering that over 90% of future plants will have the PWR reactor type.
  • Apart from construction, several other PWRs are under construction, in 2019 driving the nuclear power plant equipment market during the forecast period.

Asia Pacific dominate the world market

  • Asia Pacific The region is expected to hold the largest share of the nuclear power plant equipment market in 2019 also during the forecast period. It is one of the emerging regions of the world where electricity production capacities and in particular nuclear energy are increasing significantly. In Asia, there are around 130 operational nuclear reactors, of which 35 are under construction and counties plan to build an additional 70-80. Many more are on offer.
  • The Chinese government plans to reach 58 GW of nuclear capacity by 2020-2021 and 150 GW by 2030, and has planned a program of new builds for nuclear power, and the strong pipeline of projects strengthens the prospects of the nuclear power plant equipment market.
  • The Indian government is committed to increasing its nuclear power capacity as part of its broad infrastructure development program. The government expects nuclear capacity to reach around 22.5 GWe by 2031. At the end of 2019, seven reactors were under construction at India, with a combined capacity of 5.4 GWe.
  • In addition, the Indian government plans to source electricity for 25% of the country from nuclear power by 2050, compared to 2.5% currently, so the pipeline of projects has strengthened in line with these targets. and the market is expected to grow in the region. .
  • Also, Indonesia also has more extensive nuclear technology experience and infrastructure than any other country in the South East Asia. From where, Asia Pacific is expected to drive the nuclear power plant equipment market during the forecast period.

Key topics covered

1. INTRODUCTION
1.1 Scope of the study
1.2 Market definition
1.3 Study hypotheses

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 Presentation
4.2 Market Size and Demand Forecast in USD Billion, to 2025
4.3 Recent trends and developments
4.4 Government policies and regulations
4.5 Market dynamics
4.5.1 Drivers
4.5.2 Constraints
4.6 Supply chain analysis
4.7 Porters 5 force analysis

5 MARKET SEGMENTATION
5.1 By product type
5.1.1 Pressurized water reactor
5.1.2 Pressurized heavy water reactor
5.1.3 Boiling water reactor
5.1.4 High temperature gas-cooled reactor
5.1.5 Liquid metal rapid breeder reactor
5.1.6 Other reactors
5.2 By type of carrier
5.2.1 Island equipment
5.2.2 Auxiliary equipment
5.3 Geography
5.3.1 North America
5.3.2 Asia Pacific
5.3.3 Europe
5.3.4 Middle East & Africa
5.3.5 South America

6 COMPETITIVE LANDSCAPE
6.1 Mergers and acquisitions, joint ventures, collaborations and agreements
6.2 Strategies adopted by the main actors
6.3 Company profiles
6.3.1 JSC AEM technology
6.3.2 Areva SA
6.3.3 Babcock & Wilcox Company
6.3.4 Doosan Corporation
6.3.5 Dongfang Electric Corp Limited
6.3.6 GE-Hitachi nuclear power
6.3.7 JSC ATOMSTROYEXPORT
6.3.8 Korea Electric Power Corporation (KEPCO)
6.3.9 Larsen & Toubro Ltée.
6.3.10 Mitsubishi Heavy Industries, Ltd.
6.3.11 Westinghouse Electric Company LLC

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information on this report, visit https://www.researchandmarkets.com/r/grsgz8

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