Below are some of the key findings from this nuclear steam generators market research report
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Global nuclear steam generators industry overview
The need for new power generation plants has surged considerably because of the rising demand for power and the growth in global population. Nuclear power plays a key role in the ongoing transition from coal-fired energy to clean energy. It provides a low-carbon source of electricity with a significantly high degree of reliability. Additionally, nuclear energy also has long-term cost competitiveness. The rising demand for electricity will further result in a surge in the utilization of nuclear power, which will subsequently boost nuclear steam generators market growth.
The emergence of SMRs is one of the key trends expected to gain prominence in the market. Because of factors such as the high capital cost of large power reactors, the need for small reactors is surging considerably in recent years. Modern SMRs are being designed with modular technology using module factory fabrication for pursuing economies of series production and short construction times. SMRs have the ability to remove the reactor module or in-situ decommissioning at the end of their lifetime, which makes them a viable choice for modern consumers.
Top nuclear steam generators companies covered in this market research report
The nuclear steam generators market is moderately fragmented with companies focusing on the adoption of renewables as key alternate energy sources. By offering a complete analysis of the market’s competitive landscape and with information on the companies, this nuclear steam generators industry analysis report will aid clients to identify new growth opportunities and design innovative strategies to strengthen their market position.
The report offers a complete analysis of various companies including:
- Babcock & Wilcox Enterprises, Inc.
- Bharat Heavy Electricals Limited
- Doosan Corporation
- LARSEN & TOUBRO LIMITED
- MITSUBISHI HEAVY INDUSTRIES, LTD.
Nuclear steam generators market segmentation based on geographic regions
- Americas
- APAC
- EMEA
With a complete study of the growth opportunities for companies, the APAC region will account for the highest nuclear steam generators market share throughout the forecast period. However, the market will grow faster in the EMEA region, because of the increasing number of nuclear capacity addition projects in Western and Eastern Europe.
Nuclear steam generators market segmentation based on the type
- New demand
- Replacement demand
The new demand type segment will account for the highest nuclear steam generators market growth because of the rising demand in Asia and the Middle East. This report provides an accurate prediction of the contribution of the various type segments to the growth of the nuclear steam generators market size.
Key highlights of the global nuclear steam generators market for the forecast years 2019-2023:
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the nuclear steam generators market during the next five years
- Precise estimation of the global nuclear steam generators market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the nuclear steam generators industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of nuclear steam generators companies
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