Global Nuclear Reactor Coolant Pumps Market To Grow At A Moderate Pace During Forecast Period

By Goldstein Market Intelligence || 2018-11-16 4:09:31 AM

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Global Nuclear Reactor Coolant Pumps Market Outlook 2024

According to Goldstein Research, “Growing electricity demand coupled with global pressure to reduce carbon emission has pushed several countries to adopt and expand nuclear reactors for electricity production, which has significantly driven the growth of Nuclear Reactor Coolant Pumps Market.”Nuclear markets are shifting from the United States and Western Europe to Asia, South America and Eastern and Central Europe, which is expected to drive the major demand for the nuclear coolant pumps in these regions.

The global Nuclear Reactor Coolant Pumps Market is segmented based on component, by reactor type and by applications. Applications are further bifurcated into generating electricity, propelling aircraft carriers and propelling nuclear submarines. Based on applications, electricity generation accounted for the highest revenue share of more than 75% in global nuclear reactor coolant pumps market. Moreover, electricity generating power plants are likely to dominate the market over the forecast period owing to the major demand for replacement of coolant pumps in existing nuclear reactors and installation of new products in under construction projects majorly in Russia and Asia.

Browse Full Report:  Nuclear Reactor Coolant Pumps Market

Based on nuclear reactor type, pressurized water reactors accounted for the largest market share of the global nuclear coolant pumps market. Pressurized water reactors accounted for 54.0% market share of nuclear coolant pumps and are expected to reach over 65.0% during the forecast period.

Europe is the largest region for Nuclear Reactor Coolant Pumps Market in 2015 and is probable to dominate the market during the forecast period of 2016-2024. Europe Nuclear Reactor Coolant Pumps Market valued USD 720.0 million in 2016 and is estimated to expand at a CAGR of 4.5% during the forecast period. Western Europe is expected to dominate the Nuclear Reactor Coolant Pumps Market followed by Russia due to the presence of large number largest number of reactors in these regions.

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Growing Population and Energy Demand: Major Boost

The global population will continue to expand for several decades at least. Energy demand is expected to increase even faster, and the proportion supplied by electricity will also propagate faster still. There is plentiful coal in many parts of the world, but with the restrictions imposed by distress about global warming, is expected to shut down many fossil fuel powered electricity generation and will significantly drive the growth of nuclear reactors as a green energy substitute.

“Global Nuclear Reactor Coolant Pumps Market Outlook 2024” contains a detailed overview of the global nuclear coolant pumps market in terms of market segmentation by components, by reactor type and by applications.

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 Reactor Coolant Pumps Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such as Areva, SPX Corporation, KSB Pumps, Weir Group PLC, CNNC, Rosatom, Westinghouse Electric Company, CGN, Hitachi GE Nuclear Energy 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 coolant 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.

Browse Some Region Specific Report of Nuclear Reactor Coolant Pumps Market Published by Goldstein Research

Asia Pacific Nuclear Reactor Coolant Pumps Market

 Browse The expert analysis report on Asia Pacific Nuclear Reactor Coolant Pumps Market published by "Goldstein Research". The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors, Y-O-Y growth analysis.

Japan Nuclear Reactor Coolant Pumps Market

Goldstein Research analyst forecast the Japan Nuclear Reactor Coolant Pumps Market to decline at a significant pace during the forecast period 2016-2024. Get more insights including market size, share, trends, overview, Key Players, manufacturers list, trade data, demand analysis.

China Nuclear Reactor Coolant Pumps Market

The report covers the present ground scenario and the future growth prospects of the China Nuclear Reactor Coolant Pump Market for 2016-2024 along with the total revenue of the industry. Browse the full report for more in-depth analysis of the industry.

South Korea Nuclear Reactor Coolant Pumps Market

Goldstein Research analyst forecast the South Korea Nuclear Reactor Coolant Pumps Market expand at a significant rate during the forecast period 2016-2024. Browse the full report for a more detailed analysis of the industry.

Europe Nuclear Reactor Coolant Pumps Market

The Europe Nuclear Reactor Coolant Pumps Market to expand at a CAGR of 9.4% during the forecast period 2016-2024. The demand for coolant pumps in nuclear power plants and reactors in Europe reached USD 720 million in 2016, which is likely to reach USD 1.4 billion by the end of the forecast period. Browse the full report to get a more in-depth analysis of the Europe Nuclear Reactor Coolant Pumps Industry.