According to a market report by Lucintel, the future of the nuclear power plant equipment market looks promising with opportunities in the island equipment and auxiliary equipment market. The global nuclear power plant equipment market is expected to grow with a CAGR of 3% to 5% from 2023 to 2028. The major drivers for this market are increasing energy demand and clean electricity production, growth in nuclear investments across the globe, and technological advancement in nuclear power equipment.
In this market, pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), and high temperature gas-cooled reactor (HTGR) are the major segments by reactor type. Lucintel forecasts that pressurized water reactor (PWR) will remain the largest segment over the forecast period due to its stability at high temperatures, rising number of projects and investments related to pressurized water reactors, and the ability of this reactor to prevent water contaminated from radioactive materials which also prevents the environmental damages.
Within this market, island equipment is expected to remain the largest segment due to its significant role in operation safety, various applications in a nuclear power plant, and its cost effectiveness as compared to auxiliary equipment.
APAC will remain the fastest growing region due to growing demand for clean electricity generating capacity resulting into significant growth in nuclear power plant capacity, surge in reliability on nuclear energy, initiative by Chinese and Indian government for nuclear power drive-build program and projects.
BWX Technologies, Dongfang Electric, Doosan , General Electric, Korea Electric Power , Larsen & Toubro, Mitsubishi Heavy Industries , Alstom SA, The State Atomic Energy , and Toshiba International are the major suppliers in the global nuclear power plant equipment market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global nuclear power plant equipment market by reactor type, equipment type, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Nuclear Power Plant Equipment Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global nuclear power plant equipment market by reactor type, equipment type, and region, as follows:
Nuclear Power Plant Equipment Market by Reactor Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Pressurized Water Reactor (PWR)
· Boiling Water Reactor (BWR)
· Pressurized Heavy Water Reactor (PHWR)
· High Temperature Gas-Cooled Reactor (HTGR)
· Others
Nuclear Power Plant Equipment Market by Equipment Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Island Equipment
· Auxiliary Equipment
Nuclear Power Plant Equipment Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Nuclear Power Plant Equipment Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/nuclear-power-plant-equipment-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the nuclear power plant equipment market by reactor type (pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), high temperature gas-cooled reactor (HTGR), and others), equipment type (island equipment and auxiliary equipment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?