Leading players in the market are Alstom SA (France), Areva SA (France), Babcock and Wilcox (U.S.), Dongfang Electric Corp. Ltd. (China), Doosan Heavy Industries (South Korea), Hitachi-GE Nuclear Energy Ltd (Japan)
(PRWEB) September 18, 2014
The report "Nuclear Power and Equipment Market by Type Reactor Type (PWR and others),Equipment Type (Island Equipment and Auxiliary Equipment) and Geography-Global Trends & Forecasts to 2019" defines and segments the nuclear power market with analysis and forecasts of the global revenue. The global nuclear power and equipment market is estimated to grow from over $56.86 Billion in 2014 to nearly $67.23billion by 2019, at a CAGR ofover 3.41%.
Browse 51 market data tables and 23 figures spread through 192 pages and in-depth TOC on “Nuclear Power and Equipment Market - Global Trends & Forecasts to 2019.”
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Increased demand for new energy sources and requirement for cleaner sources of energy drive the need for nuclear equipment. Currently Asia-Pacific is the largest market for nuclear energy with the largest number of nuclear power plants in the world. This market is growing at a very high growth rate and will maintain its position until 2019.North America holds the second position in the market;however, Africa is one of the emerging markets in the nuclear industry.The rising need for electricity generation is resulting in an increasing number of nuclear power plants globally.
The report analyzes and projects the nuclear power market by type, and geography. The nuclear market by type includes the types of nuclear reactors namely PWR and Others (including BWR, PHWR, ABWR, EPR, CAREM, HTGR, AES 2006, AES 91, AES 92, KLT 405, SVBR 100, ACC 1000, CPR 1000, FBR and mPower). The nuclear equipment market comprise of the two basic types of power plant equipment units namely, Island equipment (Primary unit) and Auxiliary equipment (Secondary unit). The market by geography includes Asia-Pacific, Europe, Americas, and the Rest of the World.
The report also includes market share, supply chain and value chain analyses, Porters five force analysis, and market metrics such as drivers, restraints,burning issues, winning imperative,and opportunities. In addition, it presents a competitive landscape and company profiles of 10 key players in the market that include major companies, which provide nuclear power plant equipment manufacturers.
Increasing demand for energy and requirement for cleaner generation of electricity are some of the key drivers that are driving the market demand for nuclear power equipment. The market is intended to grow with rapid development of nuclear activities. The future of nuclear energy has reached a baffling situation with the tragic incident that happened in 2011 at Fukushima, Japan, where a nuclear power plant malfunctioned due to technological failure of the emergency core cooling system. However, with technological advancement and increasing demand for greener energy, the nuclear power plant and equipment market is expected to show sound growth in the coming years.
Asia-Pacific is the largest market for the nuclear power industry followed by Europe. Emerging markets include North America and South America. A large number of nuclear power plants and higher efficiency in electricity generation result in greater need for nuclear activities, which in turn results in higher demand for nuclear power.This boom in the nuclear power plant market provides a promising opportunity for nuclear power equipment manufacturers. The global nuclear power market is expected to grow at a CAGR of 3.41% from 2014 to 2019.
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