Global Nuclear Power Plant Equipment Market Overview:
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 4.0%
- Rising Demand for Nuclear Power Plants in Developing Countries
- Rise in Need to Produce Green Energy
- High Initial Cost of Nuclear Power Equipment
- Technological Advancements in Nuclear Power Plant Equipment’s
- The Growing Nuclear Power Plants Industry in Asia Pacific Regions
- Risk of Nuclear Power Plant Accident That Can Lead To Core Fuel Damage
Some of the key players profiled in the report are 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). Additionally, following companies can also be profiled that are part of our coverage like Hitachi, Ltd. (Japan), Babcock and Wilcox (United States), Orano (France) and Korea Hydro & Nuclear Energy (South Korea). Analyst at AdvanceMarketAnalytics see United States and South Korean Manufacturers to retain maximum share of Global Nuclear Power Plant Equipment market by 2024. Considering Market by Reactor Type, the sub-segment i.e. High-Temperature Gas-Cooled Reactor (HTGR) will boost the Nuclear Power Plant Equipment market. Considering Market by Equipment Type, the sub-segment i.e. Island Equipment will boost the Nuclear Power Plant Equipment market.
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Nuclear Power Plant Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Nuclear Power Plant Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Nuclear Power Plant Manufacturers, Nuclear Power Plant Manufacturers Importer/Exporter, Potential Technology Investors, Regulatory & Government Bodies, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.