According to the recent study the nuclear power plant equipment market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by increasing energy demand and clean electricity production, growth in nuclear investments across the globe, and technological advancement in nuclear power equipment.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in nuclear power plant equipment market by reactor type (pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), high temperature gas-cooled reactor (HTGR), and others), equipment type (island equipment and auxiliary equipment), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Pressurized water reactor (PWR) market is expected to remain the largest segment during the forecast period.”
Based on reactor type, the nuclear power plant equipment market is segmented into pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), high temperature gas-cooled reactor (HTGR), and others. Lucintel forecasts that the Pressurized water reactor (PWR) market is expected to remain the largest segment due to its stability at high temperatures, rising number of projects and investments related to pressurized water reactors, and the ability of this reactor to prevent water contaminated from radioactive materials which also prevents the environmental damages.
“Within the nuclear power plant equipment market, the island equipment segment is expected to remain the largest equipment type”
Based on equipment type the island equipment segment is expected to witness the highest growth over the forecast period due to its significant role in operation safety, various applications in a nuclear power plant, and it’s cost-effectiveness as compared to auxiliary equipment.
“Asia pacific will dominate the nuclear power plant equipment market in near future”
APAC will remain the fastest growing region due to growing demand for clean electricity generating capacity resulting into significant growth in nuclear power plant capacity, surge in reliability on nuclear energy, initiative by Chinese and Indian government for nuclear power drive-build program and projects.
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Major players of nuclear power plant equipment market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. BWX Technologies, Dongfang Electric, Doosan, General Electric, Korea Electric Power, Larsen & Toubro, Mitsubishi Heavy Industries, Alstom SA, The State Atomic Energy, and Toshiba International are among the major nuclear power plant equipment providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/nuclear-power-plant-equipment-market.aspx or [email protected]