Global Nuclear Power Plant and Equipment Market Projected to Reach Around USD 50,128.4 Million By 2026

15-Sep-2020 | Facts and Factors

Findings from Facts and Factors has authored “Nuclear Power Plant and Equipment Market 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) and Others Reagents and Kits), Equipment Type (Island Equipment and Auxiliary Equipment): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” states that the global Nuclear Power Plant and Equipment market in 2019 is approximately USD 38,839.8 Million. The market is anticipated to grow at a CAGR of 3.7% and is projected to reach around USD 50,128.4 Million by 2026.

Nuclear Energy is one of the important sources of energy in today’s world. The Energy generates after splitting atoms or the nuclear fission process in the Nuclear reactor. This radiation will heat the water into steam, the steam further helps in turning the turbine, which directly linked to the generation of the electricity. The world is looking for cleaner and greener energy. To restrain the demand for coal-based electricity. At the present number of types of reactors are used in the Nuclear Power plant. Recent technological advancement boosts the Nuclear Power Plant and Equipment market.

Browse the full “Nuclear Power Plant and Equipment Market 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) and Others Reagents and Kits), Equipment Type (Island Equipment and Auxiliary Equipment): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026" report at https://www.fnfresearch.com/nuclear-power-plant-and-equipment-market-by-reactor-1314

The global Nuclear Power Plant and Equipment market is driving due to cleaner generation of electricity coupled with increasing energy demand across the world. Furthermore, rising demand from emerging economies like India and China is also considered one of the major driving factors for the growth of the market. The complex regulatory framework is considered one of the major restraining factor which curbs the growth of the market. The high cost of installation is also one of the restraint factors. Recent investment in clean energy sector coupled with the Emerging market of Asia Pacific is considered one of the major opportunities for the growth of the market during the forecast period.  

In Reactor type, the market is classified into six type’s 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 Reagents and Kits. The Pressurized Water Reactor (PWR) accounts for the largest market shares of Nuclear Power Plant and Equipment market in the year 2019. The same market is expected to grow at a CAGR of 1.7% within the forecasted year.

Based on equipment, the market is fragmented into two types: Island Equipment and Auxiliary Equipment. Auxiliary Equipment was the dominating segment in 2019 and will remain the same within the forecasted year. This growth is mainly due to numerous applications followed by operation safety in a nuclear power plant.

In terms of region, the market is classified into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America dominates the market. Asia Pacific region hits the highest growth of the market and the same will remain the forecasted year. The growth is due to India and China energy demand. This Country considered as the power engine of the Asia Pacific contribute one third of the global population of the world followed by North America and Europe which hold the good amount of share in the global market.

Report Scope

Some of the leading players in the global market 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 and Others.

The taxonomy of the Nuclear Power Plant and Equipment Market by its scope and segmentation is as follows:

By Reactor Type Segment Analysis

• High Temperature Gas-Cooled Reactor (HTGR)
• Pressurized Water Reactor (PWR)
• Boiling Water Reactor (BWR)
• Pressurized Heavy Water Reactor (PHWR)
• Fast Breeder Reactor (FBR)
• Others Reagents and Kits

By Equipment type Segment Analysis

• Island Equipment
• Auxiliary Equipment

By Region Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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