Global Nuclear Control Rods Market 2017-2021

This market research report identifies AREVA, GE Hitachi Nuclear Energy, ŠKODA JS, Veridiam, and Westinghouse Electric as key vendors in the global nuclear control rods market. This report also presents a detailed analysis of the market by reactor type (PWR and BWR) and by geography (the Americas, APAC, and EMEA).

Overview of the global nuclear control rods market

Technavio’s market research report predicts that the global nuclear control rods market will grow at a CAGR of above 2% during the forecast period. The increasing awareness about the need to cut down carbon emissions is one of the primary drivers for market growth. The need for reduction in carbon emissions will induce the power generation market to adopt cleaner electricity generation technologies like nuclear power generation with low carbon footprint. The United Nations Framework Convention on Climate Change reached a revolutionary deal in Paris which required all parties to report emissions and implementation efforts and undergo international reviews. This showed that the emissions of CO2 from the production of coal was about 36 times more than the emissions from nuclear energy. Such initiatives will promote the utilization of carbon-free or fewer carbon technologies such as turbine-based power generation, which will in turn, contribute to the growth of the market.

One of the latest trends that will gain traction in the global nuclear control rods market is steel plate composite construction. Since, steel plate composite construction offers modular construction and reduces the construction time, it is gaining popularity in the nuclear reactor construction market. Additionally, its robust design also increase the safety and resilience of nuclear power plants and also assists in creating higher resistance against any blast, seismic, and impact loads.

 Competitive analysis and key vendors

The global nuclear control rods market consists of a number of well-established international and regional vendors. The market is largely competitive and vendors mainly compete based on various factors such as price, quality, and market presence. With several vendors focusing on enhancing their presence in the emerging and developed countries, the market’s competitive environment will further intensify in the coming years.

Key vendors in the market are: 

• AREVA
• GE Hitachi Nuclear Energy
• ŠKODA JS
• Veridiam
• Westinghouse Electric

Other prominent vendors include Curtiss-Wright, Fine Tubes, Godrej, Mitsubishi Heavy Industries, LARSEN & TOUBRO, Rolls-Royce, and VALLOUREC.

Segmentation by reactor type and analysis of the nuclear control rods market

• Pressurized water reactor (PWR)
• Boiling water reactor (BWR)

During 2016, the pressurized water reactor (PWR) segment dominated the nuclear control rods market and is expected to continue the dominion over the next four years. Factors such as the design benefits and lesser costs of PWRs will propel the growth of this market segment.

Geographical segmentation and analysis of the nuclear control rods market

• Americas
• APAC
• EMEA

In terms of geography, EMEA led the global nuclear control rods market during 2016 and is foreseen to continue its dominance during the forecast period. The increasing need for clean sources of energy will be the major factor propeling the growth of the market in the region.

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 nuclear control rods market?
• What are the key market trends impacting the growth of the global nuclear control rods market?
• What are the challenges to market growth?
• Who are the key vendors in the global nuclear control rods market?
• What are the market opportunities and threats faced by the vendors in the global nuclear control rods market?
• 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 nuclear control rods market?

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