Europe Nuclear Power Plant and Equipment Market- Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The European nuclear power plant and equipment market is expected to witness a CAGR of around 2% during the forecast period. The COVID-19 pandemic adversely affected the nuclear power market due to crashed electricity demand. It was recorded that electricity generation from nuclear reactors reduced by 11% in the European Union (EU) countries in 2020 due to low power demand. The European nuclear power plant and equipment market is expected to grow in the near future due to its high proportion of the supply of baseload power in the continent and supportive EU policies to develop the nuclear power generation sector. However, the aggressive competition from other low-carbon electricity sources like renewables is expected to challenge the growth of the market substantially.
Key HighlightsThe European nuclear power plant and equipment market is moderately fragmented. Some of the key players include Rosatom State Atomic Energy Corporation, Doosan Heavy Industries Construction Co. Ltd, Toshiba Corp., Mitsubishi Corp., and General Electric Company.
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