Global Nuclear Deaerator Market 2017-2021
About Nuclear Deaerator
A nuclear deaerator is a device that is used in nuclear power plants to remove dissolved oxygen and other gases from the boiler feedwater. Deaerators are commonly used in steam generation systems in all thermal plants and in several other applications such as water treatment, co-generation, solar thermal plants, waste-to-energy, district heating, petrochemicals, pulp and paper, and marine vessels. Deaerators are also used in the power generation cycle of nuclear power plants.
Technavio’s analysts forecast the global nuclear deaerator market to decline at a CAGR of (14.00)% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global nuclear deaerator market 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:
Technavio Announces the Publication of its Research Report – Global Nuclear Deaerator Market 2017-2021
Technavio recognizes the following companies as the key players in the global nuclear deaerator market: Doosan Heavy Industries & Construction, Power Machines, Sterling Deaerator, and STORK.
Other Prominent Vendors in the market are: Balcke-Dürr, BGR Energy Systems, BHEL, General Electric, United Heavy Machinery Plants, Thermax Global, and Walter Tosto.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Stagnation in growth of nuclear power in Europe. Europe is the biggest global producer of nuclear energy, operating more reactors than any other region. However, nuclear power faces stagnation and even a decline in Europe due to several factors. The nuclear power industry in Europe had faced a severe challenge after the Three Mile Island accident in the US in 1979 and the Chernobyl disaster in 1986 when many countries started phasing out nuclear power from their energy portfolios. However, the overall nuclear industry still witnessed growth.”
According to the report, one of the major drivers for this market is Growing energy demand in developing countries. There has been rapid economic growth in the developing economies in the last two decades due to globalization and industrialization, which has led to the successive increase in household incomes and consumption. Energy consumption worldwide has also been steadily increasing, driven by rapid economic growth and industrialization in the developing nations. To meet this ever-growing energy demand, nuclear power is expected to become an indispensable source for new power generation.
Further, the report states that one of the major factors hindering the growth of this market is High capital costs for setting up nuclear power plants. The nuclear power plant industry has historically been riddled with project delays, cost overruns, abandonment, and partial construction due to the lack of finance. These challenges have been increasing as the cost of setting up new plants has risen substantially over the past few decades. This is one of the main factors hindering the growth of the nuclear power industry in recent years.
Doosan Heavy Industries & Construction, Power Machines, Sterling Deaerator, STORK, Balcke-Dürr, BGR Energy Systems, BHEL, General Electric, United Heavy Machinery Plants, Thermax Global, and Walter Tosto.
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