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2020-09-01
764
Global
Demand from planned or under construction and existing nuclear power stations is expected to drive the condensate pump market. It is expected that about +20 new reactors will come online during the period 2017-2030, which indicates a growth in demand for condensate pumps across the globe especially in developing countries such as India, China and Russia among others. Existing 440 operational nuclear reactors are also expected to create significant demand for condensate pumps in the aftermarket as many of these reactors will require replacement as they complete 30 years of operational life. Hence, aftermarket demand will also play a key role in the growth of nuclear condensate pump market.
Goldstein Market Intelligence analyst forecast the global nuclear condensate pump market to expand at a CAGR of +5% during the forecast period 2017-2030. Moreover, nuclear condensate pumps market during the forecast is likely to be driven by the new planned projects of nuclear power plants in Asia and Middle East & Africa.
Based on reactor type, pressurized water reactors accounted for the largest revenue of more than 50% in global nuclear condensate pump market in 2016. Moreover, pressurized water reactor segment is expected to dominate the market over the forecast period owing to major demand from planned and under construction nuclear reactors in Asia and Russia.
According to our global nuclear condensate pump market study on the basis of extensive primary and secondary research, one major driver in the market is growing demand for electricity across the globe, which has significantly triggered the growth of nuclear power plants. The overall demand for energy is set to continue to expand as rapid urbanization is taking place around the world, which pushed the governments to expand their electricity generation capacity in order to fulfill the mounting electricity demand. Moreover, planned and under construction nuclear reactor projects has also opened the vast avenue for the growth of nuclear condensate pump market.
Further, the report states that one challenge in global nuclear condensate pump market is high cost of nuclear power projects and ongoing debate to decommission the existing nuclear power plants and to withdraw the adoption of nuclear energy in many regions such as Germany and Japan among others, which is the major challenge for the growth of nuclear condensate pump market.
Geographically, Europe region accounted for the largest market share of 40% revenue in global nuclear condensate pump market owing to presence of more than 180 operational nuclear reactors in the region. Europe is closely followed by the Asia pacific region, which occupied about 34% of the market share owing to presence of significant number of nuclear reactors in the region. South America and Asia provide the enormous potential for the nuclear condensate pumps market growth owing to aggressive persuasion for nuclear power generation.
The report covers the present ground scenario and the future growth prospects of the nuclear condensate pump market for 2017-2030 along with the total revenue of nuclear condensate pump 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 condensate pump manufacturers and current growth rate of the market.
Global Nuclear Condensate pump Market Outlook 2017-2030, 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 global nuclear condensate pump market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global nuclear condensate pump market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Nuclear Condensate Pump Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.
Our global nuclear condensate pump market report comprises of the following companies as the key players in the global nuclear condensate pump market:
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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