What is Nuclear Technology Market Scope?
Nuclear technology is a technology that involves the nuclear reactions of atomic nuclei. Among the notable nuclear technologies are nuclear reactors, nuclear medicine, and nuclear weapons. Thirteen countries in 2020 produced at least one-quarter of their electricity from nuclear. France gets around three-quarters of its electricity from nuclear energy, Slovakia and Ukraine get more than half from nuclear, whilst Hungary, Belgium, Slovenia, Bulgaria, Finland, and the Czech Republic get one-third or more. South Korea normally gets more than 30% of its electricity from nuclear, while in the USA, UK, Spain, Romania, and Russia about one-fifth of electricity is from nuclear. The first commercial nuclear power stations started operation in the 1950s. Nuclear energy now provides about 10% of the world's electricity from about 445 power reactors. Nuclear is the world's second-largest source of low-carbon power (29% of the total in 2018).
The Nuclear Technology market study is being classified by Type (Nuclear Reactors [High-Temperature Gas-Cooled Reactor (HTGR), Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR), Pressurized Heavy Water Reactor (PHWR), Fast Breeder Reactor (FBR), Others ], Nuclear Medicine [Bone or Joint Scan, Gallium Scan, Gastric Emptying, Others] and Nuclear Weapons [Fission weapons, Fusion weapons, Other]), by Application (Medicine, Nuclear power, Hidrology and Environment, Food and Agriculture, Military and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Manufacturers from European will contribute to the maximum growth of Global Nuclear Technology market throughout the predicted period.
Areva (France), Bracco Imaging S.p.A (Italy), Foro Nuclear (Spain), KHNP (South Korea), Mitsubishi Heavy Industries (Japan), CNNC (China), Emirates Nuclear Energy Corporation (UAE), Eckert and Ziegler Group Nordion (Germany), Rosatom (Russia), BWX Technologies (United States), Fluor (United States), Westinghouse Electric Company (United States), CGN (United States) and GE Healthcare (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Huntington Ingalls Industries, CH2M Hill, Bechtel, Hitachi GE Nuclear Energy, Aecom, Babcock and Wilcox, Wolf Creek Nuclear Operating Corporation, Bruce Power, Lantheus Holdings, Inc., Clostra and Digirad.
Analyst at AMA have segmented the market study of Global Nuclear Technology market by Type, Application and Region.
On the basis of geography, the market of Nuclear Technology 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 America region held largest market share in the year 2020.
Influencing Market Trend
- The Increasing Generation of Clean Electricity across the globe
- The Growing Demand for Medicine
- The Growing Energy Demand
- The High Adoption of Nuclear Medicine
- High Demand due to Technological Advancements in Nuclear Power Equipment
- The High Cost Of the Nuclear Power Plants
- The Concern Related to Environmental and Efficiency of The Nuclear Power Plants
Key Target AudienceDistributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organization and Others
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):
1. At what growth rate would the Nuclear Technology market expands?
The Global Nuclear Technology market is expected to see a growth of % during projected year 2020 to 2026.
2. Who are the prominent players of the Global Nuclear Technology market?
The prominent players of Global Nuclear Technology market are Areva (France), Bracco Imaging S.p.A (Italy), Foro Nuclear (Spain), KHNP (South Korea), Mitsubishi Heavy Industries (Japan), CNNC (China), Emirates Nuclear Energy Corporation (UAE), Eckert and Ziegler Group Nordion (Germany), Rosatom (Russia), BWX Technologies (United States), Fluor (United States), Westinghouse Electric Company (United States), CGN (United States) and GE Healthcare (United States), to name a few.
3. What are the top priorities to focus for Nuclear Technology marketís growth?
In this highly competitive & fast evolving Nuclear Technology industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.