Global Nuclear Reactor Construction Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A nuclear reactor is a device that initiates and controls a sustained nuclear chain reaction. It is designed to generate nuclear energy in the form of heat, which can be used for various purposes, such as generating electricity or producing isotopes for medical and industrial applications. Nuclear reactors work on the principle of nuclear fission, where the nucleus of an atom is split into two or more smaller nuclei, releasing a large amount of energy in the process. This energy is harnessed in a controlled manner within the reactor. The Nuclear Reactor Construction market is expanding because of factors such as rising demand for electricity, growing urbanization and globalization.
According to the World Nuclear Association, there are around 440 commercial nuclear power reactors operational as of 2021, with a combined capacity of about 390 GWe, in about 30 different countries. About 60 additional reactors are currently being built. Around 220 research reactors are operated by over 50 countries, and 140 ships and submarines are powered by another 180 nuclear reactors. Additionally, 2653 billion kWh of the world's electricity was produced using nuclear energy in 2021. Nuclear energy is anticipated to increase electricity production by 3.9% per year, which will increase the need for pressurized water reactors throughout the course of the projection period. In addition, rising government support and investment in advanced technologies is creating lucrative opportunities for the market. However, the high cost of Nuclear Reactor Construction stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Nuclear Reactor Construction Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to rising number of nuclear power plants developed and rising government investment in construction of new power plants in the region. North America is expected to grow significantly during the forecast period, owing to factors such as presence of key market players, rising technological advancements, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
- Areva S.A.
- China National Nuclear Corporation
- State Atomic Energy Corporation
- Westinghouse Electric Company LLC.
- Hitachi-GE Nuclear Energy, Ltd.
- Mitsubishi Heavy Industries, Ltd.
- Larsen & Toubro Limited
- China Nuclear E&C Group
- United Heavy Machinery Plants
- Rosatom Corporation
Recent Developments in the Market:
- In October 2022, at the International Atomic Energy Agency Nuclear Power Ministerial Conference in Washington, DC, the United States and Japan announced a partnership with Ghana to help the organisation achieve its objective of leading Africa in the deployment of small modular reactors. The agreement will make it easier to implement Small Modular Reactor (SMR) technology in Ghana because the country's nuclear power programme is currently technology neutral.
- In March 2022, Representatives of the Department of Atomic Energy (DAE) were briefed that India is preparing to begin building reactors in 'fleet' mode, beginning with the laying of the first concrete for two 700 MWe Pressurised Heavy Water Reactor (PHWR) at Kaiga in Karnataka.
Global Nuclear Reactor Construction Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Reactor Type, Technology Type, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Reactor Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.
By Reactor Type:
- Pressurized Water Reactor and Pressurized Heavy Water Reactor
- Boiling Water Reactor
- High-temperature Gas Cooled Reactor
- Liquid-metal Fast-Breeder Reactor
By Technology Type:
- Pressurized Water Reactors (PWR)
- Boiling Water Reactors (BWR)
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Nuclear Reactor Construction Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Nuclear Reactor Construction Market, by Reactor Type, 2020-2030 (USD Billion)
- 1.2.3. Nuclear Reactor Construction Market, by Technology Type, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Nuclear Reactor Construction Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Nuclear Reactor Construction Market Dynamics
- 3.1. Nuclear Reactor Construction Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for electricity
- 3.1.1.2. Growing urbanization and Industrialization
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Nuclear Reactor Construction
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising government support
- 3.1.3.2. Rising investment in advanced technologies
Chapter 4. Global Nuclear Reactor Construction Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Nuclear Reactor Construction Market, by Reactor Type
- 5.1. Market Snapshot
- 5.2. Global Nuclear Reactor Construction Market by Reactor Type, Performance - Potential Analysis
- 5.3. Global Nuclear Reactor Construction Market Estimates & Forecasts by Reactor Type 2020-2030 (USD Billion)
- 5.4. Nuclear Reactor Construction Market, Sub Segment Analysis
- 5.4.1. Pressurized Water Reactor and Pressurized Heavy Water Reactor
- 5.4.2. Boiling Water Reactor
- 5.4.3. High-temperature Gas Cooled Reactor
- 5.4.4. Liquid-metal Fast-Breeder Reactor
Chapter 6. Global Nuclear Reactor Construction Market, by Technology Type
- 6.1. Market Snapshot
- 6.2. Global Nuclear Reactor Construction Market by Technology Type, Performance - Potential Analysis
- 6.3. Global Nuclear Reactor Construction Market Estimates & Forecasts by Technology Type 2020-2030 (USD Billion)
- 6.4. Nuclear Reactor Construction Market, Sub Segment Analysis
- 6.4.1. Pressurized Water Reactors (PWR)
- 6.4.2. Boiling Water Reactors (BWR)
- 6.4.3. Others
Chapter 7. Global Nuclear Reactor Construction Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Nuclear Reactor Construction Market, Regional Market Snapshot
- 7.4. North America Nuclear Reactor Construction Market
- 7.4.1. U.S. Nuclear Reactor Construction Market
- 7.4.1.1. Reactor Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Technology Type breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Nuclear Reactor Construction Market
- 7.5. Europe Nuclear Reactor Construction Market Snapshot
- 7.5.1. U.K. Nuclear Reactor Construction Market
- 7.5.2. Germany Nuclear Reactor Construction Market
- 7.5.3. France Nuclear Reactor Construction Market
- 7.5.4. Spain Nuclear Reactor Construction Market
- 7.5.5. Italy Nuclear Reactor Construction Market
- 7.5.6. Rest of Europe Nuclear Reactor Construction Market
- 7.6. Asia-Pacific Nuclear Reactor Construction Market Snapshot
- 7.6.1. China Nuclear Reactor Construction Market
- 7.6.2. India Nuclear Reactor Construction Market
- 7.6.3. Japan Nuclear Reactor Construction Market
- 7.6.4. Australia Nuclear Reactor Construction Market
- 7.6.5. South Korea Nuclear Reactor Construction Market
- 7.6.6. Rest of Asia Pacific Nuclear Reactor Construction Market
- 7.7. Latin America Nuclear Reactor Construction Market Snapshot
- 7.7.1. Brazil Nuclear Reactor Construction Market
- 7.7.2. Mexico Nuclear Reactor Construction Market
- 7.8. Middle East & Africa Nuclear Reactor Construction Market
- 7.8.1. Saudi Arabia Nuclear Reactor Construction Market
- 7.8.2. South Africa Nuclear Reactor Construction Market
- 7.8.3. Rest of Middle East & Africa Nuclear Reactor Construction Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Areva S.A.,
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. China National Nuclear Corporation
- 8.3.3. State Atomic Energy Corporation
- 8.3.4. Westinghouse Electric Company LLC.
- 8.3.5. Hitachi-GE Nuclear Energy, Ltd
- 8.3.6. Mitsubishi Heavy Industries, Ltd.
- 8.3.7. Larsen & Toubro Limited
- 8.3.8. China Nuclear E&C Group
- 8.3.9. United Heavy Machinery Plants
- 8.3.10. Rosatom Corp
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption