According to Goldstein Research, “Under construction and planned nuclear power projects are the major factors driving the growth of nuclear feed water pumps market.”Moreover, rising demand for low emission electricity generation has significantly augmented the number of nuclear power plants in several parts of the globe, which is the key factor for the growth of feed water pumps market.
“Global Nuclear Feed Water Pumps Market Outlook 2024”
Nuclear Feed Water Pumps Market is segmented based on components and by reactor type. Reactor type is further bifurcated into pressurized water reactor, boiling water reactor, pressurized heavy water reactor, gas-cooled reactor, light water graphite reactor, and fast neutron reactor. Based on reactor type, pressurized water reactors accounted for the highest revenue share of more than 52% in global nuclear feed water pump market in 2016. Addition the ally, pressurized water reactor segment is projected to dominate the market over the forecast period owing to planned and under construction projects of pressurized water nuclear reactors across the globe.
Browse Full Report: Nuclear Feed Water Pumps Market
Global nuclear feed water pump market valued at USD2.0 billion in 2016, and is expected to grow at a CAGR of +6% to reach USD 3.2 billion by 2024, on the back of rising technological advancements and growing number of nuclear reactors across the globe.
Europe is the largest region for Nuclear Feed Water Pumps market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. EuropeNuclear Feed Water Pumps market valued USD 0.700 million in 2016 and is estimated to reach USD 0.830 million by 2024. Western Europe is expected to dominate the nuclear feed water pumps market followed by Russia due to the largest number of nuclear reactors in these countries.
Growing Number of New Nuclear Reactors: Major Boost
Major developing countries are coping with escalated demand for electricity in mid of rising global pressure to minimize carbon emission, which has significantly pushed the various governments to adopt nuclear energy or to expand their nuclear reactors capacity. For instance, India and China have approximately 30 under construction and about 60 planned nuclear reactor projects which will significantly augment the demand for nuclear feed water pumps market over the forecast period.
“Global Nuclear Feed Water Pumps Market Outlook 2024” contains a detailed overview of the global nuclear feed water pumps market in terms of market segmentation by components and by reactor type.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Nuclear Feed Water Pumps Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Areva, General Electric, Alstom Power, KSB Pumps, Bharat Heavy Electricals Limited, Flowserve Corporation etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global nuclear feed water pumps market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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