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Market Research Report

Global Nuclear Reactor Coolant Pumps Market By Application (Generating Electricity & Propelling Aircraft Carriers), By Reactor Type (Pressurized, Boiling, Gas-Cooled, & Fast Neutron Reactor), By Component Type, and By Region with COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-09-01

Report Pages :

765

Format :

PDF

Region Covered :

Global

Global Nuclear Reactor Coolant Pumps Market 

Market Overview

Globally, there are more than 440 operational nuclear reactors with a combined 386 gigawatt capacity in 30 countries. Further, it is also projected that nuclear power will have to double by 2050 across the glove to meet the energy needs of exponentially growing global population, which is expected to grow to 10 billion in the same time period. Many countries are developing their nuclear programs to expand the nuclear energy capacity in mid of growing energy demand. Nuclear markets are shifting from the United States and Western Europe to Asia, South America and Eastern and Central Europe, which is likely to drive the major demand for the nuclear coolant pumps across the globe. Moreover, demand for coolant pumps for replacement and refurbishment of nuclear reactors in North America and Western Europe is projected to drive the demand for nuclear reactor coolant pumps in these regions.

Goldstein Market Intelligence analyst forecast the global nuclear reactor coolant pumps market to expand at a CAGR of 15.3% during the forecast period 2017-2030. The demand for coolant pumps in nuclear power plants and reactors around the world reached USD 1.8 billion in 2016, which is likely to reach USD 5.6 billion by the end of the forecast period. 

Global 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

  • 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 reactor coolant pumps market in 2016. Moreover, pressurized water reactors are likely to dominate the market over the forecast period owing to major demand for replacement in existing nuclear reactors and installation of new products in under construction projects majorly in Asia.

Growth Drivers and Restraints

According to our global nuclear reactor coolant pumps 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.  The overall demand for energy is set to continue to expand, as rising prosperity in fast-growing emerging economies lifts billions of people from low incomes.

According to the report, major opportunity in global nuclear reactor coolant pumps market is planned and under construction nuclear reactor projects majorly in developing countries. For instance, in Asia Chin and India alone have around 30 under construction and more than 60 planned projects which is likely to create huge demand for nuclear reactor coolant pumps in coming years

Further, the report states that one challenge in global nuclear reactor coolant pumps market is generation of nuclear waste and catastrophic accidents at nuclear power plants. Owing to harmful and disastrous effect of radioactive waste nuclear power plants are facing major challenge for ongoing and planned projects. For instance, in 2011 German government vowed to shut down its nuclear capability within next 10 years and to replace it with renewable energy.

Geographically, Europe region accounted for the largest market share of 40% revenue in global nuclear reactor coolant pumps 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 29% of the market share owing to presence of significant number of nuclear reactors in the region. Central Europe, South America and Asia provide the immense potential for the market growth owing to aggressive persuasion for nuclear power generation. 

Covered in this global 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 2017-2030 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.

Global Nuclear Reactor Coolant Pumps 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 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. Global 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.

COVID-19 impact on "Global Nuclear Reactor Coolant Pumps Market"

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 Reactor Coolant Pumps 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.

Top Companies in Competition & The Rising Stars

Our global nuclear reactor coolant pumps market report comprises of the following companies as the key players in the global 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
  • Sulzer AG.

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 reactor coolant pumps market report

  • What is the total market size by 2030 and what would be the expected growth rate of sales?
  • What is the total revenue per segment and region in 2017-18 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.




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Global Nuclear Reactor Coolant Pumps Market By Application (Generating Electricity & Propelling Aircraft Carriers), By Reactor Type (Pressurized, Boiling, Gas-Cooled, & Fast Neutron Reactor), By Component Type, and By Region with COVID-19 impact | Forecast Period 2017-2030

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