Global Nuclear Condensate Pump Market Report by Component Type (Electric Motors, Impeller, Shaft, Bearings, & Pump Casing), by Reactor Type (Pressurized Water Reactor, Gas-Cooled Reactor, Fast Neutron Reactor), and By Geography With Market Forecast For 2016-2024

Global Nuclear Condensate Pump Market 

Market Overview

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 2016-2024, 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 Research analyst forecast the global nuclear condensate pump market to expand at a CAGR of +5% during the forecast period 2016-2024. 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.  

Covered in this global nuclear condensate pump market report

The report covers the present ground scenario and the future growth prospects of the nuclear condensate pump market for 2016-2024 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 Segmentation

By Component Type

• Electric Motors
• Impeller
• Shaft (Rotor)
• Shaft Seal Package
• Bearings
• Pump Casing
• 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 Geography

• North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
• Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and 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 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.

Global Nuclear Condensate pump 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 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.

Our global nuclear condensate pump market report comprises of the following companies as the key players in the global nuclear condensate pump market: Areva, General Electric, Alstom Power, KSB Pumps, Bharat Heavy Electricals Limited, Flowserve Corporation, Westinghouse Electric Company, Mitsubishi Heavy Industries, Hitachi Plant Technologies and Sulzer Pumps.   

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 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 global nuclear condensate pump 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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