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Global Generator Market for Nuclear Power 2017-2021

About Generator for Nuclear Power

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.

Technavio’s analysts forecast the global generator market for nuclear power to grow at a CAGR of 2.41% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global generator market for nuclear power for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Generator Market for Nuclear Power 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AREVA
  • The State Atomic Energy Corporation ROSATOM
  • Toshiba
  • Mitsubishi Heavy Industries
  • Doosan
Other prominent vendors
  • Westinghouse Electric Company
  • General Electric
  • Babcock & Wilcox Enterprises
  • LARSEN & TOUBRO
  • Sandvik
  • Bharat Heavy Electricals Limited (BHEL)
  • Rolls-Royce Power Systems
  • BWX Technologies
Market driver
  • Rapid nuclear expansion in China to drive global nuclear growth
  • For a full, detailed list, view our report
Market challenge
  • Construction delays and cost overruns
  • For a full, detailed list, view our report
Market trend
  • Fast neutron nuclear reactors
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Generator Market for Nuclear Power 2017-2021

Technavio recognizes the following companies as the key players in the global generator market for nuclear power: AREVA, The State Atomic Energy Corporation ROSATOM, Toshiba, Mitsubishi Heavy Industries, and Doosan.

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

Commenting on the report, an analyst from Technavio’s team said: “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.”

According to the report, 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.

Further, the report states that 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.

Companies Mentioned

AREVA, The State Atomic Energy Corporation ROSATOM, Toshiba, Mitsubishi Heavy Industries, Doosan, Westinghouse Electric Company, General Electric, Babcock & Wilcox Enterprises, LARSEN & TOUBRO, Sandvik, Bharat Heavy Electricals Limited (BHEL), Rolls-Royce Power Systems, and BWX Technologies.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Nuclear industry overview
      • Table Total net electrical capacity from nuclear reactors 2005-2015 (GW)
      • Table Workflow of a nuclear reactor
      • Table Current market scenario and future market projections of each geographic segment2016-2021
      • Table Current market scenario and future market projections for each reactor type 2016-2021
  • Market landscape
    • Market overview
      • Table Global generator market for nuclear power
    • Market size and forecast
      • Table Global generator market for nuclear power 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Market overview
      • Table Market share by end-user in 2016 and 2021
    • Global generator market for nuclear power by PWR
      • Table Global generator market for nuclear power by PWR 2016-2021 ($ millions)
    • Global generator market for nuclear power by WWER
      • Table Global generator market for nuclear power by WWER 2016-2021 ($ millions)
    • Global generator market for nuclear power by PHWR
      • Table Global generators market for nuclear power by PHWR 2016-2021 ($ millions)
  • Geographical segmentation
    • Market overview
      • Table Market share of each region in 2016 and 2021
    • Generator market for nuclear power in EMEA
      • Table Generator market for nuclear power in EMEA 2016-2021 ($ millions)
      • Table Major nuclear power projects under construction in Europe
    • Generator market for nuclear power in APAC
      • Table Generator market for nuclear power in APAC 2016-2021 ($ millions)
      • Table Projects under construction in APAC
    • Generator market for nuclear power in Americas
      • Table Generator market for nuclear power in Americas 2016-2021 ($ millions)
      • Table Projects under construction in Americas
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table LCOE calculation: Key parameters
      • Table Comparison of levelized avoided costs of electricity of new generation resources for 2020 and 2040($ per MWhr)
      • Table Share of nuclear energy in China
    • Market challenges
      • Table Countries with renewable energy targets and policies 2005
      • Table Countries with renewable energy targets and policies 2015
      • Table New wind installation targets by 2020 (GW)
  • Market trends
    • Fast neutron nuclear reactors
    • Increasing focus on R&D activities
    • Development of molten-salt reactors
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • AREVA
    • The State Atomic Energy Corporation ROSATOM
    • Toshiba
    • Mitsubishi Heavy Industries
    • Doosan
  • Appendix
    • List of abbreviations
  • Explore Technavio

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