Rising need for cleaner and new energy sources have played an eminent role in increasing the importance of nuclear power plant and equipment market. Today, regions such as Asia Pacific has emerged as the largest market for nuclear power. Besides promising a higher growth rate the market will soon fulfill the growing demand for electricity generation.
Popularity of clean generation of electricity has contributed to the growth of the market to a greater extent. Moreover, rising need for energy has also added to the growth of the nuclear power plant and equipment market. Growing focus on the security of supply is also driving the market worldwide. High cost associated with the nuclear power plant has hindered the progress of the market to a greater extent. However, demand for clean energy across different countries would create greater opportunities for the market. Rising need for safer nuclear operation would open new avenues for market growth.
The nuclear power plant and equipment market is segmented based on the reactor type, equipment type and geography. The reactor type covered in the market research report includes HTGR, PWR, BWR, PHWR, FBR and others. The equipment type discussed during the study includes island equipment and auxiliary equipment. Regions experiencing rapid growth are North America, Europe, Asia Pacific and LAMEA.
Key market players active in the market are Shanghai Electric, Alstom SA, Mitsubishi Heavy Industries Ltd., Areva SA, Larsen and Toubro Industries, Babcock and Wilcox, Korea Hydro & Nuclear Energy, Dongfang Electric Corp. Ltd. and Hitachi-GE Nuclear Energy Ltd.
KEY BENEFITS FOR STAKEHOLDERS
NUCLEAR POWER PLANT AND EQUIPMENT MARKET KEY SEGMENTS
Market - By Reactor Type
Market - By Equipment Type
Market - By Geography
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