Global Nuclear Steam Generator Market Size study & Forecast, by Design (Horizontal, Vertical) by Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor, Boiling Water Reactor and Others) and Regional Analysis, 2023-2030

Global Nuclear Steam Generator Market Size study & Forecast, by Design (Horizontal, Vertical) by Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor, Boiling Water Reactor and Others) and Regional Analysis, 2023-2030

Global Nuclear Steam Generator Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. A nuclear steam generator is a component used in pressurized water reactors (PWRs) to transfer heat from the primary coolant, which circulates through the reactor core, to the secondary coolant, which produces steam to drive the turbine-generator set. The Nuclear Steam Generator Market is expanding because of factors such as increasing demand for electricity and the rising number of nuclear power plants across the globe.

The rising adoption of electricity generation through nuclear power and the rising construction of nuclear power plants across the world is driving the market growth. According to International Automatic Energy, the world nuclear-generating capacity to double to 792 gigawatts (net electrical) by 2050 from 393 GW by the year 2021. Along with these, in the year 2022, India Government plans to construct, 20 nuclear power plants by the year 2031, these plants would be generating nearly 15,000 MW in power generating capacity, Thus the development of nuclear power plants and rising electricity generation through nuclear power plants is driving the market growth. In addition, rising technological advancement and rising funding for renewable energy generation is creating a lucrative opportunity for the market. The successful launch of this Design may provide patients with an alternative option. However, the high cost of Nuclear Steam Generator and safety risks associated with renewables stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Nuclear Steam Generator Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising government initiatives for the development of nuclear power plants, and rising investment in renewable energies. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising development and construction projects for nuclear power plants in the region and government support to the industry.

Major market player included in this report are:
Mitsubishi Heavy Industries Ltd
Westinghouse Electric Company LLC
Bharat Heavy Electricals Limited
Hitachi-GE Nuclear Energy Ltd
BWX Technologies Inc.
Bilfinger SE
Larsen & Toubro Limited
Doosan Corp
Babcock & Wilcox Enterprises Inc.
Toshiba America Energy Systems Corporation

Recent Developments in the Market:
 In May 2022, GE Steam Power and BHEL agreed to a contract of USD 165 million for the supply of three of the six nuclear steam turbines needed for NPCIL's domestic nuclear programme, phase 1, which is being built in Gorakhpur, Haryana (units 1 through 4 (GHAVP)), and Kaiga, Karnataka (Kaiga-5&6).

Global Nuclear Steam Generator Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Design, Reactor Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Design offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Design:
Horizontal
Vertical

By Reactor Type:
Pressurized Water Reactor (PWR)
Pressurized Heavy Water Reactor
Boiling Water Reactor
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Mitsubishi Heavy Industries Ltd
Westinghouse Electric Company LLC
Bharat Heavy Electricals Limited
Hitachi-GE Nuclear Energy Ltd
BWX Technologies Inc.
Bilfinger SE
Larsen & Toubro Limited
Doosan Corp
Babcock & Wilcox Enterprises Inc.
Toshiba America Energy Systems Corporation

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