Nuclear Power Plant Equipment Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Equipment Type (Island Equipment and Auxiliary Equipment), By Reactor Type (Pressurized Water Reactors , Boiling Water Reactors, Pressurized Heavy Water Reactors , and Others)By Region, Competition 2018-2028

  • Industry : Power
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 28.16 Billion

CAGR (2023-2028)

2.8%

Fastest Growing Segment

Nuclear power equipment

Largest Market

Asia Pacific


Market Overview

Global Nuclear Power Plant Equipment Market has valued at USD 28.16 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 2.8% through 2028. These are the primary facilities where Nuclear Power Plant Equipment is generated. Nuclear reactors within power plants use controlled nuclear fission reactions to produce heat, which is then used to generate steam and turn turbines to produce electricity. The nuclear fuel supply chain involves the extraction, processing, and transportation of uranium or other fissile materials to fuel fabrication facilities. This includes mining and milling operations, conversion, enrichment, and fuel assembly manufacturing. This sector includes the day-to-day operation, maintenance, and safety management of nuclear power plants. It involves highly specialized personnel, safety protocols, and technical expertise to ensure the safe and efficient operation of reactors. Research and development efforts in nuclear technology focus on improving reactor designs, enhancing safety features, and developing new materials and fuels to make Nuclear Power Plant Equipment more efficient and safer.

The Nuclear Power Plant Equipment market includes services related to the storage, treatment, and disposal of radioactive waste generated during the operation of nuclear power plants. This involves long-term planning and secure storage solutions for nuclear waste. Government agencies and regulatory bodies oversee and regulate the Nuclear Power Plant Equipment sector to ensure safety, security, and compliance with environmental regulations. Some countries export nuclear technology, equipment, and expertise to other nations looking to develop or expand their Nuclear Power Plant Equipment capabilities. This can include reactor construction, fuel supply, and technical support. Innovations in nuclear energy, such as Small Modular Reactors (SMRs) and advanced reactor designs, are also part of the market as they offer potential solutions to some of the challenges associated with traditional nuclear power plants. The Nuclear Power Plant Equipment market is influenced by global factors, including geopolitical considerations, international agreements on non-proliferation, and climate change mitigation goals. Government policies, subsidies, and incentives can significantly impact the growth and development of the Nuclear Power Plant Equipment sector within specific countries. Public opinion and advocacy groups play a role in shaping the Nuclear Power Plant Equipment market, influencing government decisions, project approvals, and funding allocations. Nuclear Power Plant Equipment is a source of energy for the generation of electricity that is used nuclear power plants. Two types of nuclear reactions required to produce energy include nuclear fission and nuclear fusion. Both of the reactions generate heat; however, nuclear fission is employed in the power plants. In a nuclear fission reaction, a heavy atom of uranium is broken down into smaller nuclei releasing immense amount of energy. This energy is used for the production of electricity in a nuclear power plant. Nuclear Power Plant Equipment is considered to be a clean source of energy in comparison to the fossil fuels, as there is no emission of any harmful gases or pollutants; however, the disposition of toxic nuclear wastes is a major concern for the power plants.

Key Market Drivers

One of the primary drivers of the Nuclear Power Plant Equipment market is its low greenhouse gas emissions. Nuclear power plants emit minimal carbon dioxide (CO2) during electricity generation, making them an attractive option for reducing emissions in the fight against climate change. This is particularly important as countries strive to meet carbon reduction targets set under international agreements like the Paris Agreement. Nuclear Power Plant Equipment provides a stable and reliable source of baseload power. Unlike some renewable energy sources like wind and solar, nuclear plants can operate continuously, ensuring a steady supply of electricity to meet the constant demand for power.

Energy Security

Many nations view Nuclear Power Plant Equipment as a way to enhance energy security by reducing dependence on fossil fuel imports. It can help diversify energy sources and reduce vulnerability to supply disruptions or price fluctuations in the global energy market. Uranium, the primary fuel used in nuclear reactors, is relatively abundant and can provide a long-term source of energy. This fuel availability reduces concerns about resource depletion compared to fossil fuels.

Technological Advancements

Advances in nuclear reactor design and technology have led to improved safety features, increased efficiency, and reduced operating costs. These developments have revitalized interest in nuclear energy. In some countries, government policies and incentives play a significant role in promoting nuclear energy. These may include subsidies, tax benefits, or emissions reduction targets that encourage investment in nuclear power. As global energy demand continues to rise, nuclear power can help meet this demand, particularly in emerging economies seeking to expand their electricity generation capacity.

Decommissioning and Waste Management

The need to decommission older nuclear facilities and manage nuclear waste responsibly is also a driver. Innovative solutions for waste disposal and recycling can influence the industry's growth. The Nuclear Power Plant Equipment market is characterized by a balance between its potential benefits, such as low carbon emissions and reliable baseload power, and its challenges, including safety concerns, high initial capital costs, and the long-term management of nuclear waste. The market's dynamics can vary from one region or country to another, depending on factors like energy demand, government policies, and the availability of alternative energy sources. It's essential to note that the Nuclear Power Plant Equipment market is subject to ongoing developments, technological advancements, and shifts in global energy priorities.

Nuclear Power Plant Equipment is a source of energy for the generation of electricity that is used nuclear power plants. Two types of nuclear reactions required to produce energy include nuclear fission and nuclear fusion. Both of the reactions generate heat; however, nuclear fission is employed in the power plants. In a nuclear fission reaction, a heavy atom of uranium is broken down into smaller nuclei releasing immense amount of energy. This energy is used for the production of electricity in a nuclear power plant. Nuclear Power Plant Equipment is considered to be a clean source of energy in comparison to the fossil fuels, as there is no emission of any harmful gases or pollutants; however, the disposition of toxic nuclear wastes is a major concern for the power plants.

 

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Key Market Challenges

Challenges of the Nuclear Power Plant Equipment Market

Despite the growing demand for nuclear energy, the industry faces a number of challenges, including:

High upfront costs: Building new nuclear power plants is very expensive, with construction costs often exceeding USD10 billion. This can make it difficult for nuclear power plants to compete with other forms of energy, such as natural gas and renewable energy sources. It can take many years to build a new nuclear power plant. This can be a major disadvantage in a rapidly changing energy market. Although nuclear power plants are very safe, there is always a risk of a nuclear accident. The Chernobyl and Fukushima Daiichi disasters have raised public concerns about nuclear safety. Nuclear power plants produce radioactive waste, which needs to be carefully managed and disposed of. This is a complex and challenging task, and there is no long-term solution for nuclear waste disposal yet.

In addition to the challenges listed above, the Nuclear Power Plant Equipment market also faces a number of other challenges, such as:

There is some public opposition to nuclear power, particularly in countries that have experienced nuclear accidents. The regulatory environment for nuclear power can be complex and uncertain. This can make it difficult for nuclear power companies to plan for the future. Nuclear power plants face competition from other forms of energy, such as natural gas, renewable energy sources, and energy efficiency measures. The Nuclear Power Plant Equipment industry is working to overcome the challenges it faces. For example, nuclear power companies are developing new reactor technologies that are more cost-effective and safer to operate. They are also working to develop new solutions for nuclear waste disposal. Governments can also play a role in supporting the Nuclear Power Plant Equipment industry. For example, they can provide financial incentives for the construction of new nuclear power plants and develop clear and stable regulatory frameworks. The Nuclear Power Plant Equipment market is expected to grow significantly in the coming years, driven by factors such as increasing global energy demand, rising concerns about climate change, and the need to reduce reliance on fossil fuels. However, the industry faces a number of challenges, such as high upfront costs, long construction times, safety concerns, and nuclear waste disposal.

The Nuclear Power Plant Equipment industry is working to overcome these challenges, and governments can also play a role in supporting the industry. If the challenges can be overcome, Nuclear Power Plant Equipment can play a major role in meeting the world's growing energy needs and reducing greenhouse gas emissions.

Key Market Trends

Advanced Reactor Technologies

One prominent trend in the Nuclear Power Plant Equipment market is the development and deployment of advanced reactor technologies. These advanced designs aim to address some of the challenges associated with traditional nuclear reactors. Generation IV reactors are a new class of advanced nuclear reactors designed with improved safety features, increased fuel efficiency, and reduced waste production. Examples include molten salt reactors and sodium-cooled fast reactors. HTGRs operate at much higher temperatures than conventional reactors and have applications beyond electricity generation, such as hydrogen production and process heat for industrial applications. Thorium-based nuclear reactors have gained attention for their potential to use thorium as a more abundant and safer fuel source compared to uranium. Research and development in this area have been ongoing. Fast Neutron Reactors: Fast neutron reactors can utilize nuclear fuel more efficiently and reduce the long-term radioactivity of nuclear waste. They are considered a potential solution for recycling nuclear waste.

Small Modular Reactors (SMRs)

SMRs are compact, scalable nuclear reactors that offer several advantages over traditional large-scale reactors: SMRs can be deployed in various sizes, making them suitable for a range of applications, from remote communities to industrial facilities. SMRs often incorporate passive safety features, reducing the risk of accidents and mitigating their consequences. The modular nature of SMRs allows for quicker construction and deployment compared to large reactors. SMRs are designed to be cost-competitive with other energy sources, potentially reducing the high upfront capital costs associated with traditional reactors.

Segmental Insights

Equipment Type Insights

The island equipment segment dominates the market and is projected to hold a significant share in the market, owing to its significant role in operation safety and has various applications in a nuclear power plant. Besides, island equipment is cost-effective as compared to auxiliary equipment. According to National Renewable Energy Laboratory (NREL), island equipment holds around 12.6% of the total capital cost of a nuclear power plant.The auxiliary equipment segment is expected to grow at a significant rate during the forecast period. The growth is attributed to the feature of auxiliary equipment to ensure reliability, as the safety of nuclear power plants is rising significantly. In addition, they ensure the radiation protection of power plants, safety nuclear power plant systems, and special water purification systems of nuclear plants.

 

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Regional Insights

The Asia Pacific region has established itself as the leader in the Global Nuclear Power Plant Equipment Market with a significant revenue share in 2022.  The Asia Pacific currently holds the largest nuclear power plant equipment market share globally, China holds the maximum share in the market and dominates the regional market. According to the IAEA 2021 report, China accounts for 50 operating reactors across the region with a capacity of 47.52 GW. Furthermore, the Chinese Government aims to achieve 58 GW of nuclear capacity by the end of 2021 and 150 GW by 2030. The government has planned nuclear power drive-build program and a strong project pipeline, which further strengthens the market outlook. On the other hand, the Indian Government is focused on increasing its nuclear power capacity for its huge infrastructure development program in the coming years. The government estimates to achieve about 22.5 GW capacity by the end of 2031. Also, the Indian Government aims to provide 25% of the electricity from nuclear energy by 2050, 2.5% up from the current level.

Recent Developments

  • October 2021: Jacobs secured an extension to its Project Management Resources (PMR) agreement with one of the U.K.'s leading nuclear power plants, EDF Nuclear Generation. The contract involves supporting seven advanced gas-cooled reactors (AGR) stations, a long-term operation program for the Sizewell B pressurized water reactor, and the transition from generation to defueling. The firm estimates the extension at around USD 44 million for the period from April 2022 to March 2024.
  • August 2021: Japan-based Hitachi-GE Nuclear Energy is a 300 MWe boiling water reactor (BWR) type of SMR, named ‘BWRX-300,’ in partnership with GE Hitachi Nuclear Energy based in the U.S. The contract will help the government to create new market research and achieve the goal of reducing greenhouse gas emissions to net-zero by 2050.

Key Market Players

  • GE-Hitachi Nuclear Energy
  • KEPCO Engineering & Construction
  • China National Nuclear Corporation
  • Westinghouse Electric Company LLC
  • SKODA JS AS
  • ALSTOM SA
  • BWX Technologies, Inc.
  • Dongfang Electric Co., Ltd.
  • DOOSAN CORPORATION

 By  Equipment Type

By  Reactor Type

By Region
  • Island Equipment
  • Auxiliary Equipment
  • Pressurized Water Reactors
  • Boiling Water Reactors
  • Pressurized Heavy Water Reactors  Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Nuclear Power Plant Equipment Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Nuclear Power Plant Equipment Market, By Equipment Type:

o   Island Equipment

o   Auxiliary Equipment

  • Global Nuclear Power Plant Equipment Market, By Reactor Type:

o   Pressurized Water Reactors

o   Boiling Water Reactors

o   Pressurized Heavy Water Reactors 

o   Others

  • Global Nuclear Power Plant Equipment Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Nuclear Power Plant Equipment Market.

Available Customizations:

Global Nuclear Power Plant Equipment Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Nuclear Power Plant Equipment Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product  Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Nuclear Power Plant Equipment Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Equipment Type (Island Equipment and Auxiliary Equipment)

5.2.2.    By Reactor Type (Pressurized Water Reactors , Boiling Water Reactors, Pressurized Heavy Water Reactors , and Others)

5.2.3.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Nuclear Power Plant Equipment Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Equipment Type

6.2.2.    By Reactor Type

6.2.3.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Nuclear Power Plant Equipment Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Equipment Type

6.3.1.2.2.            By Reactor Type

6.3.2.    Canada Nuclear Power Plant Equipment Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Equipment Type

6.3.2.2.2.            By Reactor Type

6.3.3.    Mexico Nuclear Power Plant Equipment Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Equipment Type

6.3.3.2.2.            By Reactor Type

7.    Asia-Pacific Nuclear Power Plant Equipment Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Equipment Type

7.2.2.    By Reactor Type

7.2.3.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Nuclear Power Plant Equipment Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Equipment Type

7.3.1.2.2.            By Reactor Type

7.3.2.    India Nuclear Power Plant Equipment Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Equipment Type

7.3.2.2.2.            By Reactor Type

7.3.3.    Japan Nuclear Power Plant Equipment Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Equipment Type

7.3.3.2.2.            By Reactor Type

7.3.4.    South Korea Nuclear Power Plant Equipment Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Equipment Type

7.3.4.2.2.            By Reactor Type

7.3.5.    Indonesia Nuclear Power Plant Equipment Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Equipment Type

7.3.5.2.2.            By Reactor Type

8.    Europe Nuclear Power Plant Equipment Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Equipment Type

8.2.2.    By Reactor Type

8.2.3.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Nuclear Power Plant Equipment Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Equipment Type

8.3.1.2.2.            By Reactor Type

8.3.2.    United Kingdom Nuclear Power Plant Equipment Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Equipment Type

8.3.2.2.2.            By Reactor Type

8.3.3.    France Nuclear Power Plant Equipment Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Equipment Type

8.3.3.2.2.            By Reactor Type

8.3.4.    Russia Nuclear Power Plant Equipment Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.            By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.            By Equipment Type

8.3.4.2.2.            By Reactor Type

8.3.5.    Spain Nuclear Power Plant Equipment Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.            By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.            By Equipment Type

8.3.5.2.2.            By Reactor Type

9.    South America Nuclear Power Plant Equipment Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Equipment Type

9.2.2.    By Reactor Type

9.2.3.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Nuclear Power Plant Equipment Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Equipment Type

9.3.1.2.2.            By Reactor Type

9.3.2.    Argentina Nuclear Power Plant Equipment Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Equipment Type

9.3.2.2.2.            By Reactor Type

10.  Middle East & Africa Nuclear Power Plant Equipment Market Outlook

10.1.   Market Size & Forecast

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Equipment Type

10.2.2. By Reactor Type

10.2.3. By Country

10.3.   Middle East & Africa: Country Analysis

10.3.1.  Saudi Arabia Nuclear Power Plant Equipment Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Equipment Type

10.3.1.2.2.         By Reactor Type

10.3.2. South Africa Nuclear Power Plant Equipment Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Equipment Type

10.3.2.2.2.         By Reactor Type

10.3.3. UAE Nuclear Power Plant Equipment Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Equipment Type

10.3.3.2.2.         By Reactor Type

10.3.4. Israel Nuclear Power Plant Equipment Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Equipment Type

10.3.4.2.2.         By Reactor Type

10.3.5. Egypt Nuclear Power Plant Equipment Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Equipment Type

10.3.5.2.2.         By Reactor Type

11.  Market Dynamics

11.1.   Drivers

11.2.   Challenge

12.  Market Trends & Developments

13.  Company Profiles

13.1.   GE-Hitachi Nuclear Energy.

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Type /Services

13.2.   KEPCO Engineering & Construction.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Type /Services

13.3.   China National Nuclear Corporation.

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Type /Services

13.4.   Westinghouse Electric Company LLC.

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Type /Services

13.5.   SKODA JS AS.

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Type /Services

13.6.   ALSTOM SA.

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Type /Services

13.7.   BWX Technologies, Inc.

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Type /Services

13.8.   Dongfang Electric Co., Ltd.

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Type /Services

13.9.   DOOSAN CORPORATION.

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Type /Services

14.  Strategic Recommendations

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Figures and Tables

Frequently asked questions

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The market size of the Global Nuclear Power Plant Equipment Market was USD 28.16 Billion in 2022.

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The Global Nuclear Power Plant Equipment Market is dominated by the nuclear power equipment segment in 2022.

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One of the key market restraints for the nuclear power plant equipment market is the difficulty associated with gaining funds for the nuclear power plant projects. Also, the lower cost of renewables generated with negligible emissions is expected to harm the market outlook. In addition, the difficulties related to the management of nuclear waste, which consists of radioactive waste, are further estimated to restrain the market growth over the forecast period.

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Increasing energy demand and the production of clean electricity are expected to enhance the market outlook. Various nations across the globe are looking for efficient and clean ways, such as nuclear power stations, to overcome the energy demand that is fueling the market growth

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Parvati Sharma

Account Manager BD
Press Release

Nuclear power equipment is Expected to Dominate the Global Nuclear Power Plant Equipment Market.

Oct, 2023

The global market is projected to grow in the upcoming years as various nations are switching to cleaner techniques for generating power.

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