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Market Research Report

Asia Pacific Nuclear Reactor Coolant Pumps Market Size, Pricing Analysis, Demand and Opportunity Assessment with Forecast 2016-2024

Published On : 2018-01-30 Report Page : 270 Category: Energy Resources

Asia Pacific Nuclear Reactor Coolant Pumps Market 

Market Overview

Asia is one of the fastest growing regions for the nuclear energy development and one of the major drivers for the global nuclear deployment. There are currently about 128 nuclear power reactors operable in five Southeast Asian countries for electricity production with a total generating capacity of more than 100 GWe (gigawatt). There are also 30 units under construction and the developing countries plans in place to build dozens more. In addition, there are more than 50 research reactors in 14 countries of the Asia Pacific region, which is the major factor driving the growth of nuclear reactor coolant pumps market in the region. Today, the amount of electricity generated by nuclear power plants in Asia is twice that of 30 years ago and is likely to grow at rapid pace in coming years, providing vast opportunities for nuclear reactor coolant pumps market growth.

Goldstein Research analyst forecast the Asia Pacific nuclear reactor coolant pumps market to expand at a CAGR of 19.4% during the forecast period 2016-2024. The demand for coolant pumps in nuclear power plants and reactors in Asia Pacific reached USD 0.600 billion in 2016, which is likely to reach USD 2.4 billion by the end of the forecast period. 

Covered in this Asia Pacific nuclear reactor coolant pumps market report

The report covers the present ground scenario and the future growth prospects of the nuclear reactor coolant pumps market for 2016-2024 along with the total revenue of nuclear reactor coolant pumps industry in every region. We calculated the market size and revenue share on the basis of revenue generated per segment, regional and country level. The revenue forecast is given on the basis of number of nuclear reactor coolant pumps manufacturers and current growth rate of the market.

Asia Pacific Nuclear Reactor Coolant Pumps Market Segmentation

By Component Type

  • Electric Motors
  • Impeller
  • Shaft (Rotor)
  • Shaft Seal Package
  • Bearings
  • Flywheel
  • Auxiliary Systems

By Reactor Type

  • Pressurized Water Reactor
  • Boiling Water Reactor
  • Pressurized Heavy Water Reactor
  • Gas-cooled Reactor
  • Light water Graphite Reactor
  • Fast Neutron Reactor

By Applications

  • Generating Electricity
  • Propelling Aircraft Carriers
  • Propelling Nuclear Submarines

By Geography

  • China {Market Share (%), Market Size (USD Billion)}
  • Japan {Market Share (%), Market Size (USD Billion)}
  • India {Market Share (%), Market Size (USD Billion)}
  • South Korea (Market Share (%), Market Size (USD Billion)}
  • Rest of Asia Pacific {Market Share (%), Market Size (USD Billion)}

Based on reactor type, pressurized water reactors accounted for the largest revenue of more than 50% in Asia Pacific nuclear reactor coolant pumps market in 2016. Moreover, pressurized water reactors are likely to dominate the market over the forecast period owing to major under construction projects in China and India and Planned projects in South East Asian countries.

Asia Pacific Nuclear Reactor Coolant Pumps Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia Pacific nuclear reactor coolant pumps market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Asia Pacific nuclear reactor coolant pumps market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our Asia Pacific nuclear reactor coolant pumps market report comprises of the following companies as the key players in the Asia Pacific nuclear reactor coolant pumps market: Areva, SPX Corporation, KSB Pumps, Weir Group PLC, CNNC, Rosatom, Westinghouse Electric Company, CGN, Hitachi GE Nuclear Energy, Mitsubishi Heavy Industries, Andritz AG, Dongfang Electric Corporation, Ebara Corporation, Flowserve Corporation, Curtiss-Wright Corporation, Shanghai Electric Group Company Limited and Sulzer AG.

According to our Asia Pacific nuclear reactor coolant pumps market study on the basis of extensive primary and secondary research, one major driver in the market is growing demand and consumption of electricity across the Asia Pacific region. Rapid urbanization is one the major factor in developing countries for the escalating demand for electricity which is expected to propel the growth of power generation projects in coming years. 

According to the report, major opportunity in Asia Pacific nuclear reactor coolant pumps market is planned and under construction nuclear reactor projects majorly in the region. Moreover, total of 25 reactors with a combined generating capacity of 60,430 MWe are planned or proposed in Bangladesh, Indonesia, Malaysia, Thailand, Philippines and Vietnam, which is projected to drive the demand for nuclear reactor coolant pumps.

Further, the report states that one challenge in Asia Pacific nuclear reactor coolant pumps market is public acceptance issues and a negative policy environment for nuclear power plants. For instance, in Fukushima Daiichi nuclear disaster in Japan has significantly raised the concern regarding the nuclear power plant across the globe, which had a negative impact on the growth of nuclear reactor plants.

Geographically, China accounted for the largest market share of 35% revenue in Asia Pacific nuclear reactor coolant pumps market owing to presence of more than 30 operational and 24 under construction nuclear reactors in the region. Also, China is likely to grow at a rapid pace as a nuclear power hub, taking advantage of its stable and long-sighted policy regime. Countries such as Thailand, Malaysia, Indonesia and Bangladesh among others with significant proposed plans for nuclear power showcase huge growth opportunity for the market growth in nearby future.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Asia Pacific nuclear reactor coolant pumps market report

  • What is the total market size by 2024 and what would be the expected growth rate of sales?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Asia Pacific Nuclear Reactor Coolant Pumps Market Size, Pricing Analysis, Demand and Opportunity Assessment with Forecast 2016-2024

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