Global Generator Market for Nuclear Power 2017-2021

This market research study identifies AREVA, The State Atomic Energy Corporation ROSATOM, Toshiba, Mitsubishi Heavy Industries, and Doosan as the leading players in the global generator market for nuclear power. A comprehensive analysis of this market is also presented by technology (PWR, WWER, PHWR, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global generator market for nuclear power

The regulatory authorities and local government institutions are promoting nuclear technology to negate the effect of CO? emissions from power plants. The governments are encouraging the construction and operation of nuclear power plant by offering tax incentives and subsidies and have also come up with nuclear energy incentives. For instance, the industry and finance ministries in the Czech Republic are promoting nuclear power. Societatea Nationala Nuclearelectrica is a Romanian company, which is supported by the Government of Romania to complete two nuclear reactor projects in 2019 and 2020. Technavio's market research report identifies that the increasing government-backed incentives to support nuclear power will be one of the primary growth drivers for the global generator market for nuclear power till 2021. Our market research analysts predict that this market will register a revenue of almost USD 6 billion by 2021.

One of the key trends that will drive the growth prospects of the generator market for nuclear power in the forthcoming years is the development of fast neutron reactors. These fast neutron nuclear reactors operate at higher temperatures in comparison to the ones that are currently in operation. These nuclear reactor designs will represent advancement and enhancements in terms of sustainability, economics, safety, reliability, and proliferation-proof.

Competitive landscape and key vendors

The generator market for nuclear power is highly competitive and is characterized by the presence of major vendors and regional players. These vendors are increasingly competing against each other based on factors such as price, quality, and market presence. The competition between the regional vendors and international players in the developing and developed economies is quite intense.

Key vendors in this market are -

• AREVA
• The State Atomic Energy Corporation ROSATOM
• Toshiba
• Mitsubishi Heavy Industries
• Doosan

Other prominent vendors in the market include Westinghouse Electric Company, General Electric,  Babcock & Wilcox Enterprises, LARSEN & TOUBRO, Sandvik, Bharat Heavy Electricals Limited (BHEL), Rolls-Royce Power Systems, and BWX Technologies.

Segmentation by technology and analysis of the generator market for nuclear power

• Pressurized water reactor (PWR)
• WWER
• Pressurized heavy water reactor (PHWR)

The distinguishing characteristics of pressurized heavy water reactor (PWR) includes the pressure inside the primary coolant loop and the separate steam system and coolant loop. The pressure in the coolant loop is higher than other reactors, which is usually 15-16 megapascals. PWRs are very stable due to their tendency to produce less power as the temperature increases. The demand for steam generators will increase from 2017 to 2021 due to the design advantages of PWR and its low cost.

Segmentation by geography and analysis of the generator market for nuclear power

• Americas
• APAC
• EMEA

Around one-third of the net electricity generated in countries such as Belgium, the Czech Republic, Finland, Slovakia, Hungary, Sweden, Switzerland, Slovenia, and Ukraine are from nuclear power plants. The demand for nuclear power is increasing in EMEA to replace the emission-releasing power generation sources such as coal and other fossil fuels. This in turn, will boost the adoption of the nuclear steam generators.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global generator market for nuclear power?
• What are the key market trends impacting the growth of the global generator market for nuclear power?
• What are the challenges to market growth?
• Who are the key vendors in the global generator market for nuclear power?
• What are the market opportunities and threats faced by the vendors in the global generator market for nuclear power?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global generator market for nuclear power?

Technavio also offers customization on reports based on specific client requirement.

Generators are devices that convert mechanical energy into electrical energy for use in an external circuit. Steam or process generators are ones that use the heat produced in the nuclear reactor core to convert water into steam. This upcoming research report on the global generator market for nuclear power offers insights into the major trends and forthcoming drivers influencing the growth of the heavy industry. Our reports for the heavy industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like engineering tools.  

By considering the market forecast and size and the surging demand for various segments of the engineering tools sector, the market research professionals at Technavio present an all-inclusive picture of the global generator market for nuclear power for the period of 2017 to 2021. Furthermore, our research practices support clients develop impactful growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.

This forthcoming market research report on the generator market for nuclear power also covers vendors like L&T heavy engineering, Clayton Industries, Mitsubishi Heavy industry limited, and MTU Onsite. According to our industry experts, the increased awareness about the rising carbon emissions across the globe is expected to impact the market significantly. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the generator market for nuclear power also covers geographies like the Americas, APAC, and EMEA.

The upcoming industry research report on the generator market for nuclear power also categorizes the key drivers, prominent trends, as well as the imminent restraints that the engineering tools sector currently experiences. This upcoming report on the generator market for nuclear power presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the heavy industry. Technavio also provides deep-dive market assessments into the sectors such as unit operations and construction.