(PRWEB) March 7, 2011
Whilst contracts are in place for a small number of these new NPPs, for others that obtain approval in the coming decade, there are billions of dollars of work available for component suppliers well positioned to take advantage.
For any Nuclear Reactor that is built, 23% of the total cost will be made up of Nuclear reactor system components. This could result in a total cumulative demand of US$ 4.2 billion over the next 25 years for class 2, 3 and non safety heat exchangers, valves, pumps and tanks.
The NPP new build forecasts in the ‘US Nuclear New Build Market for Component Suppliers’ report consider NPP construction over the next 25 years, however sales of nuclear reactor components are expected to peak in 2017. With a surge in demand expected over the next six years, are existing and prospective component suppliers ready to support the construction of future Nuclear Power Plants?
Within the industry, there remain concerns over financing, licensing schedules and the availability of qualified labor, but even if optimistic predictions are not realised, indications are that there will be a growth in the nuclear component market over the next decade. Potential suppliers will need to be in a position to meet demand whilst observing regulatory responsibilities and Quality Assurance requirements such as N-stamp.
Companies who see themselves as potential suppliers to a resurgent nuclear power industry need to understand both the opportunities and threats that are being presented and take guidance in terms of where the demand is, the cost of committing to become a nuclear supplier, how EPCs select their suppliers and to understand what the barriers and drivers are to the US Nuclear industry as a whole.
These findings come from Nuclear Energy Insider’s recent report ‘The US Nuclear New Build Market for Component Suppliers’ report offers business critical information and analysis of the commercial opportunities for nuclear component suppliers. The selected findings are available to download for free here: http://www.nuclearenergyinsider.com/reports/report-summary.html