Generator Market for Nuclear Power market research and analysis focus on rising market drifts to assist businesses find market opportunities and develop effective ways to optimise their market positions. Report contains complete coverage, intensive analysis, and actionable market insights to spot opportunities in existing and potential markets. Report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Report can be used by both established as well as new entrants to live competitive positions in dynamic market situations. Industry experts project Generator Market for Nuclear Power market to grow at a CAGR of 2.41% during the period 2017-2021.
Steam generators are an important component of nuclear power plants. They are responsible for generating steam by boiling the coolant (usually water and heavy water), which then rotates the turbine to generate electricity. The global generator market for nuclear power is segmented based on the type of reactor and key geographies. Boiling water reactors (BWRs) are not considered in the scope of the report since they do not use steam generators.
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Generator Market for Nuclear Power Market Trend, Challenge and Driver: –
Generator Market for Nuclear Power Market trend: – One trend in the market is fast neutron nuclear reactors. With deployment targets spanning for 2020-2030, an international task force has been assigned to develop six nuclear reactor technologies. Out of these six, four are expected to be fast neutron reactors. These new technology reactors are anticipated to operate at higher temperatures when compared with the ones currently in operation
Generator Market for Nuclear Power Market Challenge: – one challenge in the market is construction delays and cost overruns. A nuclear reactor construction project typically has various unique features. These include, but are not limited to, stringent security, strict safety measures, and a set of variable project portfolios. These features and factors are directly proportional to the overall cost schedule of the project. Improper estimations and planning may incur price escalations during the project construction phase. Price escalations have a direct impact on the profitability of vendors and project contractors as they are responsible for the smooth operation of nuclear reactors.
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Generator Market for Nuclear Power Market Driver: – One driver in the market is rapid nuclear expansion in China to drive global nuclear growth. The rising population and the economic growth of the world are expected to lead to the increased demand for energy. The global primary energy consumption in 2015 recorded an increase in single digits in 2015, which was 0.9% less than the 10-year average. Emerging economies accounted for a substantial share of the global growth in demand. China, despite its decreased consumption, recorded the world’s largest increment in primary energy consumption. As per the World Bank estimates, the global GDP is expected to continue to increase and almost double by 2035, with China and India contributing a major share to the growth.
Key vendors operating in Generator Market for Nuclear Power market space are AREVA, The State Atomic Energy Corporation ROSATOM, Toshiba, Mitsubishi Heavy Industries, Doosan and many more. A detailed analysis is provided considering bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and threat of rivalry. While each vendor’s analysis considers its business segments, organizational developments, geographic focus, segment focus, and key offerings of vendor.
Geographic Segmentation: – Americas, APAC, EMEA
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Some of the key points of Generator Market for Nuclear Power Market Research Report –
- It provides historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
- It provides country level analysis of the market with respect to the current market size and future perspective
- It provides country level analysis of the market for segments by type, material, application, and region