Industry Trend Analysis
A Nuclear Reactor Market is used for producing electricity in nuclear power plants. The energy generated from the constant atomic fission in a nuclear reactor is used as heat and is employed to generate steam further. The steam is used to propel the turbines that produce electricity. Power generated through nuclear reactors reports for a moderate share of the overall electricity generated across the world. In nuclear plants, there is no any sort combustion of material occurs and no injurious gas is generated like carbon monoxide or carbon dioxide, which contaminates the environment. At present, across 48 countries, there are 437 nuclear reactors exist and around 64 nuclear reactors under construction. Most of the new plants are being established for EMEA and APAC. Since 2014, in APAC around 39 reactors are under construction. And approximately, 322 nuclear reactors have been planned for construction in the coming years. Governmental initiatives over various respective countries are assisting in the expansion of these new nuclear reactors. There is loads of stress on the advanced nuclear reactors development. Innovative and sophisticated technology-aided reactors, like Generation III nuclear reactors, are becoming more popular around the world.
Product Outlook and Trend Analysis
On the basis of product types, the nuclear reactors are segmented as; Pressurized water reactor (PWR), boiling water reactor (BWR), Pressurized heavy water reactor (PHWR), the Gas-cooled reactor (AGR &Magnox), Light water graphite reactor (RBMK & EGP) and Fast neutron reactor (FBR).
Application Outlook and Trend Analysis
Nuclear reactors have application in the nuclear power plants for producing electric energy and propelling aircraft carriers and ships. Typically, in all traditional thermal power stations, the heat generated by the nuclear reactor is used to produce steam that propels a steam turbine. The turbine is connected to an electric generator which generates electricity. Since February 2015, nuclear power plants reported for 11% of the overall electricity production worldwide.
Regional Outlook and Trend Analysis
Presently, Asia-Pacific region is the top market for nuclear energy with the leading number of nuclear plants worldwide. This regional market is rising at a quite high expansion rate and will preserve its market position till 2019. The North American market holds the subsequent position in the global market; Though, Africa is among the developing markets in the nuclear segment. The growing electricity generation need is ensuing in a rising number of nuclear plants worldwide. Governments of countries like the US, the UK, India, and others, are gradually focusing on funding in nuclear power R&D. In addition, top nuclear power producers are funding the nuclear power R&D highly. Moreover, South Korea, China, India, and Russia are also investing heavily in the development of sophisticated nuclear reactors, especially production IV reactors.
Competitive Outlook and Trend Analysis
The major market players for nuclear reactor market are Westinghouse Electric Company LLC, Southern Company, TerraPower LLC, Florida Power & Light Company and AREVA Group.
The global nuclear reactor market is segmented as follows :
By Product Type
Pressurized water reactor (PWR)
Boiling water reactor (BWR)
Pressurized heavy water reactor (PHWR)
Gas-cooled reactor (AGR &Magnox)
Light water graphite reactor (RBMK & EGP)
Fast neutron reactor (FBR)
Aircraft Carrier and Submarine Movement
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2012 and forecast from 2013 to 2022?
What will be the industry market growth from 2013 to 2022?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?