Europe Nuclear Reactor Coolant Pumps Market Outlook, Market Demand and Opportunity Assessment with Forecast 2016-2024

Europe Nuclear Reactor Coolant Pumps Market

Market Overview

Global energy consumption will rise substantially in the coming decades under pressure from global trends, including rapid urbanization and growing population that is expected to reach 9 billion by 2040. In Europe nuclear energy production is appearing more attractive on the face of Europe Union’s measures to reduce carbon emission and the goals to increase collective energy security.  Ten countries out of 28-member union collectively presented their desire to see nuclear development. With single reactors are under construction in Finland, in France  and two are being completed in Slovakia and further planned projects in U.K and Finland the market for nuclear coolant reactors market is likely to grow significantly in Europe. However, public acceptance issues and a negative policy environment in several countries of Europe are anticipated to hinder the growth of Europe’s nuclear reactor coolant pumps market.

Goldstein Research analyst forecast 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. 

Covered in this Europe 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.

Europe 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

• France {Market Share (%), Market Size (USD Billion)}
• U.K {Market Share (%), Market Size (USD Billion)}
• Russia {Market Share (%), Market Size (USD Billion)}
• Germany (Market Share (%), Market Size (USD Billion)}
• Ukraine {Market Share (%), Market Size (USD Billion)}
• Sweden {Market Share (%), Market Size (USD Billion)}
• Switzerland {Market Share (%), Market Size (USD Billion)}
• Poland {Market Share (%), Market Size (USD Billion)}
• Rest of Europe{Market Share (%), Market Size (USD Billion)}

Based on reactor type, pressurized water reactors accounted for the largest revenue of more than 50% in Europe nuclear reactor coolant pumps market in 2016. Moreover, pressurized water reactors are likely to dominate the market over the forecast period owing to four under construction projects and 24 planned projects in Europe.

Europe 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 Europe 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. Europe 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 Europe nuclear reactor coolant pumps market report comprises of the following companies as the key players in the Europe 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 Europe nuclear reactor coolant pumps market study on the basis of extensive primary and secondary research, one major driver in the market is growing demand to reduce carbon emission and to decline reliance on fossil fuel energy generation. Achieving a viable and diverse energy and limiting CO2 emissions is the main focus of European countries and it is anticipated that nuclear power will remain a significant source of electricity generation over the next 20 years.

According to the report, major opportunity in Europe nuclear reactor coolant pumps market is planned and under construction nuclear reactor projects in Central and Eastern Europe countries. For instance, total of 10 reactors with a combined generating capacity of 9,492 MWe are under construction in Russia and Belarus with further 31 planned nuclear reactors in Russia, Turkey and Ukraine which is projected to drive the demand for nuclear reactor coolant pumps in future.

Further, the report states that one challenge in Europe nuclear reactor coolant pumps market is shift of some countries towards nonrenewable resources such as wing and solar energy and initiatives to decommission nuclear reactors are the major factors affecting the growth of for nuclear reactor coolant pumps market in Europe.   

Geographically, France accounted for the largest market share of 35% revenue in Europe nuclear reactor coolant pumps market owing to presence of 58 operational and 1 under construction nuclear reactors in the region. Also, Russia is likely to grow at a rapid pace as a nuclear power hub attributed to under construction nuclear reactors including advanced fast neutron reactors and further 48 proposed and planned projects.

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.

For a full detailed overview, send us the sample request.

Key questions answered in this Europe 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?

We can provide two hour complimentary interaction with our analyst after the purchase of this market report. Details are imparted within the report.