Nuclear Power Plant Equipment Market Scope
A nuclear power plant is a thermal power station in which the heat source is a nuclear reactor. As it is typical of thermal power stations, heat is used to generate steam that drives a steam turbine connected to a generator that yields electricity. There are various types of reactors are used such as high-temperature gas-cooled reactor (HTGR), pressurized water reactor (PWR), and boiling water reactor (BWR), among others. Rising demand for nuclear power plants among the developing countries is one of the major drivers contributing to the growth of the market.
According to AMA, the Global Nuclear Power Plant Equipment market is expected to see growth rate of 6.6% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Nuclear Power Plant Equipment market throughout the predicted period.
Shanghai Electric Group Co., Ltd. (China), Mitsubishi Heavy Industries, Ltd. (Japan), Larsen & Toubro Limited (India), BWX Technologies, Inc. (United States), Dongfang Electric Corp. Ltd. (China), ROSATOM (ROSATOM State Atomic Energy Corporation) (Russia), Toshiba (Japan), Doosan Corporation (South Korea), Korea Electric Power Corporation (South Korea) and General Electric (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Hitachi, Ltd. (Japan), Babcock and Wilcox (United States), Orano (France) and Korea Hydro & Nuclear Energy (South Korea).
Segmentation Overview
The study have segmented the market of Global Nuclear Power Plant Equipment market and Region with country level break-up.
On the basis of geography, the market of Nuclear Power Plant Equipment 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).
Market Growth Drivers:
Rising Demand for Nuclear Power Plants in Developing Countries and Rise in Need to Produce Green Energy
Challenges:
Risk of Nuclear Power Plant Accident That Can Lead To Core Fuel Damage
Restraints:
High Initial Cost of Nuclear Power Equipment
Opportunities:
Technological Advancements in Nuclear Power Plant Equipment’s and The Growing Nuclear Power Plants Industry in Asia Pacific Regions
Market Leaders and their Expansionary Development Strategies
On 9 Oct 2018, GE Power announced that it has won the contract to deliver the turbine island equipment for El Dabaa nuclear power plant project in Egypt through AAEM its joint venture with Atomenergomash. GE Power will supply the basic design of four conventional islands, supply four nuclear turbine generator sets, including the Arabelle half-speed steam turbines, and provide technical expertise for the on-site installation and commissioning.
On 1 Feb 2018, GE Power has been awarded a 320 million USD contract through its joint venture, KAPES, by Korea Electric Power Corporation (KEPCO) to offer equipment and expertise to deliver a 4 GW HVDC transmission link from the power complex located East of South Korea, to Seoul’s metropolitan area that represents around 40% of global Korean energy demand.
Key Target Audience
Nuclear Power Plant Manufacturers, Nuclear Power Plant Manufacturers Importer/Exporter, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.