Asia-Pacific Nuclear Power Plant Equipment Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Asia-Pacific nuclear power plant equipment market is expected to grow at a CAGR of more than 5% in the forecast period of 2020-2025. The significant contribution of nuclear energy in reducing GHG emissions worldwide, while fulfilling the increasing energy demands of a growing population and supporting sustainable development in the region is driving the market. Upcoming projects in China, Japan, and India are expected to create significant demand for different types of nuclear power plant equipment in the coming years. On the other hand, premature decommissioning of several plants across the region and delays in upcoming projects are restraining the growth of the market.
Key HighlightsThe Asia-Pacific nuclear power plant equipment market is moderately consolidated. Some of the major companies include Korea Electric Power Corporation, Framatome, Dongfang Electric Corporation Limited, Doosan Corporation, GE-Hitachi Nuclear Energy.
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