Industry Background:
The global nuclear reactor market is expected high growth in the forecasted period due to Increasing power and energy demand from households and industrial sectors. Nuclear reactors are deployed in nuclear power plants to generate electricity and for the propulsion of ships. The heat emitted from nuclear fission is passed to the working fluid, such as water or gas, to run the steam turbines. Nuclear reactors are deployed to generate isotopes utilized for medical & industrial purposes and to produce weapons-grade plutonium. Rising adoption of nuclear technology as a feasible alternative to fossil fuels for power generation is anticipated to drive the market over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Areva S.A. (France), Westinghouse Electric Company LLC. (United States), Hitachi-GE Nuclear Energy, Ltd (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), China National Nuclear Corporation (China), State Atomic Energy Corporation, Rosatom (Russia), Larsen & Toubro Limited (India), KEPCO (South Korea), China Nuclear E&C Group (China) and United Heavy Machinery Plants (Russia) |
This growth is primarily driven by Increasing Demand for Electricity and Rising Power Plant Expansion in China and Russia.
Globally, a noticeable market trend is evident High Demand due to Safty Concerns Of the Countries
The Nuclear Energy sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as Areva S.A. (France), Westinghouse Electric Company LLC. (United States), Hitachi-GE Nuclear Energy, Ltd (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), China National Nuclear Corporation (China), State Atomic Energy Corporation, Rosatom (Russia), Larsen & Toubro Limited (India), KEPCO (South Korea), China Nuclear E&C Group (China) and United Heavy Machinery Plants (Russia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings.
Key Developments in the Market:
On 26th September 2019, Westinghouse Electric Co. will acquire Rolls-Royce’s Civil Nuclear Systems and Services businesses in North America for an undisclosed amount under a “definitive agreement”.
Influencing Trend:
High Demand due to Safty Concerns Of the Countries and Rising Initiatives Taken By Government
Market Growth Drivers:
Increasing Demand for Electricity and Rising Power Plant Expansion in China and Russia
Challenges:
Stringent Government Regulations Regarding Nuclear Reactor
Restraints:
Concern Related to The Raw Material
Opportunities:
Increasing Nuclear Investment in the Developing Countries and Technological Advancements Implemented in Day-to-Day Activities have Increased Energy Demand Over the Past
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Nuclear Reactor Market
- Analysis about New Entrants in Nuclear Reactor Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Nuclear Reactor Study Sheds Light on
The Nuclear Reactor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nuclear Reactor industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nuclear Reactor industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.