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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.
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:
Other prominent vendors include Curtiss-Wright, Fine Tubes, Godrej, Mitsubishi Heavy Industries, LARSEN & TOUBRO, Rolls-Royce, and VALLOUREC.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by reactor type
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: nuclear reactor, nuclear plant, grid solutions, solar energy, energy segmentation analysis, power market research,
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