DUBLIN, October 10, 2017 /PRNewswire/ --
The "Global Generator Market for Nuclear Power 2017-2021" report has been added to Research and Markets' offering.
The global generator market for nuclear power to grow at a CAGR of 2.41% during the period 2017-2021.
Global Generator Market for Nuclear Power 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The global generator market for nuclear power is segmented based on the type of reactor and key geographies. Boiling water reactors (BWRs) are not considered in the scope of the report since they do not use steam generators.
One trend in the market is fast neutron nuclear reactors. With deployment targets spanning for 2020-2030, an international task force has been assigned to develop six nuclear reactor technologies. Out of these six, four are expected to be fast neutron reactors. These new technology reactors are anticipated to operate at higher temperatures when compared with the ones currently in operation.
According to the report, one driver in the market is rapid nuclear expansion in China to drive global nuclear growth. The rising population and the economic growth of the world are expected to lead to the increased demand for energy. The global primary energy consumption in 2015 recorded an increase in single digits in 2015, which was 0.9% less than the 10-year average. Emerging economies accounted for a substantial share of the global growth in demand.
Further, the report states that one challenge in the market is construction delays and cost overruns. A nuclear reactor construction project typically has various unique features. These include, but are not limited to, stringent security, strict safety measures, and a set of variable project portfolios. These features and factors are directly proportional to the overall cost schedule of the project. Improper estimations and planning may incur price escalations during the project construction phase. Price escalations have a direct impact on the profitability of vendors and project contractors as they are responsible for the smooth operation of nuclear reactors.
- The State Atomic Energy Corporation ROSATOM
- Mitsubishi Heavy Industries
Other prominent vendors
- Westinghouse Electric Company
- General Electric
- Babcock & Wilcox Enterprises
- LARSEN & TOUBRO
- Bharat Heavy Electricals Limited (BHEL)
- Rolls-Royce Power Systems
- BWX Technologies
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Technology
- Geographical Segmentation
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/925bgz/global_generator
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