What is Nuclear Feedwater Heater Market?
Nuclear power generation has various advantages over coal power generation corresponding to per unit cost and reliability of power supply. Whereas, nuclear feedwater heater is a key component for generating nuclear power. It minimizes the instances of irreversibilities that are involved in a steam generation as well as provides comparatively more thermodynamic efficiency is boosting the overall growth of the market. Additionally, adoption of automated technologies in nuclear feedwater heater is supplementing the growth of the market. Since the nuclear feedwater heaters are creating huge opportunity over the forecasted period.
The market study is being classified by Type (Low-Pressure Feedwater Heaters and High-Pressure Feedwater Heaters), by Application (Pressurized Water Reactors, Pressurized Heavy Water Reactors, Light Water Graphite Reactors, Gas Cooled Reactors, Fast Breeder Reactors and Boiling Water Reactors) and major geographies with country level break-up.
Alstom Power SA (France), Thermal Engineering International (USA) Inc. (United States), Bharat Heavy Electricals Limited (BHEL) (India), Westinghouse Electric Company, LLC (United States), Mitsubishi Heavy Industries, Ltd. (MHI) (Japan), Foster Wheeler AG (United Kingdom), Doosan Heavy Industries & Construction Co., Ltd. (South Korea), Larsen & Toubro Limited (India), Balcke-Durr GmbH (Germany) and Hitachi, Ltd (Japan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Holtec International, Inc. (United States), Plymouth Tube Company (United States) and Babcock Power Inc. (United States).
Research Analyst at AMA predicts that Asia and United States Manufacturers will contribute to the maximum growth of Global Nuclear Feedwater Heater market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Nuclear Feedwater Heater market by Type, Application and Region.
On the basis of geography, the market of Nuclear Feedwater Heater 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). North Amercia region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Minimizes the Instances of Irreversibilities that are Involved in Steam Generation
- Provides comparatively More Thermodynamic Efficiency
Market Trend
- Increasing Concerns related to Safety and Efficiency Improvements
- Growing Adoption of Highly Automated Technologies in Nuclear Feedwater Heater
Restraints
- Lack of Awareness about the Nuclear Feedwater Heater
Opportunities
- Maximizes the Life Span of Fuel Assembly Rods in the Reactor
- Rising Nuclear Power Plant Installations across the Globe will Create Lucrative Opportunities
Challenges
- Stringent Government Regulations related to Nuclear Reactors and Plant Installations
- Lack of Power Plant Infrastructures in Underdeveloped Regions
Market Leaders and some development strategies
On April 30, 2019, Bharat Heavy Electricals Limited (BHEL) and Automotive Research Association of India (ARAI), an autonomous body affiliated to the Ministry of Heavy Industries and Public Enterprises have signed an MoU for cooperation on various projects related to e-mobility.
The U.S. Nuclear Regulatory Commission (NRC) has issued an information notice (IN) to alert addressees to the discovery of main feedwater (MFW) system wall thinning to below allowable limits in turbine building components and in risk-important, safety-related portions of American Society of Mechanical Engineers (ASME) Code Class 2 piping inside the reactor containment building (containment) at the Callaway Plant. This notice is applicable to all the holders of operating licenses for pressurized water nuclear power reactors except those who have ceased operations and have certified that fuel has been permanently removed from the reactor vessel.
Key Target Audience
Nuclear Feedwater Heater Manufacturers, Nuclear Feedwater Heater Distributors and Traders, Nuclear Industry Associations, Nuclear Feedwater Heater Upstream and Downstream Buyers, Government Regulators, Research and Development Institutes, Financial Organizations and Venture Capitalists and Others