What is Boiling Water Reactors Market?
Boiling water reactors are a type of nuclear reactor that uses light water (ordinary water) as their coolant and neutron moderator. Boiling water reactors are the second most used reactor for nuclear power generation in the world, next to the pressurized water reactor (PWR) and they have been in operation for several decades. As the rapid industrialization is growing in the developed and developing economies is projected the rising demand for electricity across the worldwide due to this number of nuclear power plants are increasing. This has led to significant growth of the global boiling water reactors market in the forecast period.
The market study is being classified by Type (Single Cycle Steam Generation and Dual Cycle Steam Generation), by Application (Commercial Power Reactor, Prototype Power Reactor and Research Reactor) and major geographies with country level break-up.
Babcock International Group PLC (United Kingdom), GE Hitachi Nuclear Services (Japan), Toshiba (Japan), Areva Kerena ( France), Asea (ABB) (Switzerland), Westinghouse Electric Corporation (United States) and Idaho National Laboratory (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that Asian and European Manufacturers will contribute to the maximum growth of Global Boiling Water Reactors market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Boiling Water Reactors market by Type, Application and Region.
On the basis of geography, the market of Boiling Water Reactors has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Demand for Electricity across the Globe
- Rising Demand for Nuclear Power Plants in Developing Countries
- Rising Power Plant Expansion in China and Russia
Market Trend
- High Demand due to Safty Concerns Of the Countries
- Increasing Need to Produce Green Energy
Restraints
- Concern Related to The Raw Material
- High Initial Cost of Nuclear Power Equipment
Opportunities
- Increasing Nuclear Investment in the Developing Countries Such as India, China
- Technological Advancements in Nuclear Power Plant Equipment’s
- The Growing Nuclear Power Plants Industry in Asia Pacific Regions
Challenges
- Stringent Government Regulations Regarding Nuclear Reactor
- Risk of Nuclear Power Plant Accident That Can Lead To Core Fuel Damage
Market Leaders and some development strategies
On 28th August 2019, Tokyo Electric Power Company Holdings, Inc., Chubu Electric Power Co., Inc., Hitachi, Ltd., and Toshiba Corporation (the four companies) have announced a basic agreement to discuss potential collaboration for nuclear energy business for boiling water reactor business.
On 21st October 2019, GE Hitachi Nuclear Energy (GEH) and Synthos SA have agreed to collaborate on potential deployment applications for GEH's BWRX-300 small modular reactor in Poland.
Key Target Audience
Boiling Water Reactors Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other