Nuclear Power Plant and Equipment Market by Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas Cooled Reactor (GCR), and Others) and Equipment Type (

Nuclear Power Plant and Equipment Market by Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas Cooled Reactor (GCR), and Others) and Equipment Type (Island Equipment and Auxiliary Equipment): Global Opportunity Analysis and Industry Forecast 2021–2030

The global nuclear power plant and equipment market was valued at $41.1 billion in 2020, and is projected to reach $58.4 billion by 2030, growing at a CAGR of 3.5% from 2020 to 2030

Nuclear technology uses the energy released by splitting the atoms of certain elements. It was first developed in the 1940s, and during the Second World War research initially focused on producing bombs. In the 1950s attention turned to the peaceful use of nuclear fission, controlling it for power generation. The uses of nuclear technology extend well beyond the provision of low-carbon energy. It helps control the spread of disease, assists doctors in diagnosis and treatment of patients, and powers our most ambitious missions which is to explore space. These varied uses position nuclear technologies at the top to achieve sustainable development. According to World Nuclear Association, around 10% of the world's electricity is generated by about 440 nuclear power reactors. About 50 more reactors are under construction, equivalent to approximately 15% of existing capacity. In 2020 nuclear plants supplied 2553 TWh of electricity, down from 2657 TWh in 2019. Prior to 2020, electricity generation from nuclear energy had increased for seven consecutive years. In addition, there is a clear need for new generating capacity around the world, both to replace old fossil fuel units, especially coal-fired ones, which emit a lot of carbon dioxide, and to meet increased demand for electricity in many countries. However, to replace old fossil fuel, nuclear energy play a vital role which may drive the market growth also.

Rise in energy demand clubbed with international climate change goals, and growth in nuclear investments across the globe may act as the major driving factor for the global nuclear power plant and equipment market. In addition, nuclear power remains as an important option for many countries to improve energy security, reduce the impact of volatile fossil fuel prices and mitigate the effects of climate change and air pollution. However, high cost of associated with nuclear power plant may act as the major restraining factor for the market growth.

The nuclear power plant and equipment market is segmented reactor type, equipment type and region. On the basis of reactor type, the market is categorized into pressurized water reactor (PWR), Pressurized heavy water reactor (PHWR), boiling water reactor (BWR), light water graphite reactor (HTGR), gas cooled reactor (GCR), and others. On the basis of equipment type, it is divided into island equipment and auxiliary equipment. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global nuclear power plant and equipment market analysis covers in-depth information about the major industry participants. The key players operating and profiled in the report include BWX Technologies, INC, Dongfang Electric Co., Ltd., Doosan Corporation, General Electric, Korea Electric Power Corporation, Larsen & Toubro Limited, Mitsubishi Heavy Industries, LTD., ALSTOM SA, The State Atomic Energy Corporation (ROSATOM), and Toshiba International Corporation.

KEY MARKET SEGMENTS


By Reactor Type

Pressurized Water Reactor (PWR)
Pressurized Heavy Water Reactor (PHWR)
Boiling Water Reactor (BWR)
Light Water Graphite Reactor (LWGR)
Gas Cooled Reactor (FBR)
Others

By Equipment Type

Island equipment
Auxiliary equipment

By Region

North America
U.S.
Canada
Mexico
Europe
France
Germany
Russia
Spain
U.K.
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
U.A.E.
South Africa
Rest of LAMEA

LIST OF KEY PLAYERS PROFILED IN THE REPORT

BWX Technologies, INC
Dongfang Electric Co., Ltd.
Doosan Corporation
General Electric
Korea Electric Power Corporation
Larsen & Toubro Limited
Mitsubishi Heavy Industries, LTD.
ALSTOM SA
The State Atomic Energy Corporation (ROSATOM)
Toshiba International Corporation