Global Nuclear Reactor Construction Market Size 2017, Segmentation By Service Type (Equipment, Installation), By Reactor Type (Pressurized Water, Pressurized Heavy Water, Light Water Graphite, Gas Cooled, Fast Reactor, Boiling Water), By Region (North America, Europe, Asia Pacific, Central & South America, MEA) and Forecast to 2025
Dec 2018
Total Pages: 150
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The global nuclear reactor construction market size crossed USD 31.5 billion in 2017. Minimal hazardous impact on the environment is one of the growth favoring factors of the global nuclear reactor construction market size. Economized space or land utilization for installing nuclear power plant is a key aspect that is expected to support the stable growth of the nuclear reaction construction market size over the years ahead.
Global Nuclear Reactor Construction Market Size, 2015 - 2025 (Usd Billion)
The nuclear reactors often take up relatively smaller spaces in comparison with other energy generation units. For instance, the amount of electricity produced by a multi-reactor nuclear power plant would require about 45 square miles of photovoltaic panels or about 260 square miles of wind turbines.
Over the past few years, the nuclear reactor construction market has gained huge importance. The nuclear industry is an effective energy source, owing to zero emissions of air pollutants such as carbon dioxide, sulfur dioxide, and nitrogen dioxide. Nuclear energy has established itself as the only source of clean-air energy with an output of 24 hours a day. Although not considered a renewable source of energy, nuclear energy is often classified as a sustainable energy source because of the availability of technically recoverable deposits of uranium that can last up to at least the next 100 years.
During normal operations, very little radiation is released. Multiple independent studies have found no health effects on the neighboring population. Radiation monitors surrounding the plant site provide real-time data on radiation levels. Additionally, radioactive materials that could cause radiation exposure near nuclear energy facilities are monitored by sampling air, food and water supplies. Nuclear energy facilities are non-polluting and use multiple, redundant layers of safety to contain radiation within the reactor.
The nuclear reactor construction market is categorized on the basis of reactor type. Pressurized water and heavy water, gas cooled, light water graphite, fast reactor, and boiling water are the types of nuclear reactors. In 2017, the pressurized water reactor accounted for more than 60% of the global nuclear reactor construction market share.
Pressurized water reactors have advantages over the other light water reactors and earlier generation nuclear sites. One major advantage of this reactor is that it is easy to operate because less power is being produced as the heat increases. In addition, the core of the reactor contains less fissile material, decreasing the chances of additional fission events to occur, making the reactor safer and more controllable.
On the basis of services, the equipment category is expected to boost the nuclear reactor construction market size at a fast-paced growth, by 2025. Island and auxiliary are the key sub-categories of the equipment services segment. The island equipment services sub-category is expected to hold a significant portion of the total nuclear reactor construction market share by the end of 2025.
North America dominated the global industry, constituting more than 35% of the total nuclear reactor construction market share in 2017. Four reactors are under construction in the U.S. at two sites in regulated markets. In Canada, the nuclear power reactor is based in Ontario. In early 2016, the Canadian government signed major contracts for the refurbishment and life extension of six reactors at the Bruce generating station. The programme is expected to begin in 2020 and will further extend the operating lifetime of the unit by 30-35 years. Similar refurbishment activities enabled the province to extensively phase out coal in the last few years, thus achieve one of the cleanest electricity mixes in the world.
Global Nuclear Reactor Construction Market Share, By Region, 2017 (%)
Asia Pacific is anticipated to witness the fastest growth among other major regions, by the end of 2025. China is expected to have the largest nuclear reactor construction market size in the region by 2025, owing to favorable government initiatives towards development of nuclear power as an effort to improve air quality and decrease greenhouse gas emissions. The Chinese government recently stated a long-term target in its Energy Development Strategy Action Plan, 2014-2020. This includes 58 GWe of nuclear capacity by 2020, with an addition of 30 GWe under construction. Well established industry players such as Rosatom, Areva Group, and General Electric Company have held a substantial portion of the global nuclear reactor construction market share, since the past few years.
Key segments of the global nuclear reactor construction market
Service Type Overview, 2015-2025 (USD Million)
- Equipment
- Island equipment
- Auxiliary equipment
- Installation
Reactor Type Overview, 2015-2025 (Number of Units)
- Pressurized water reactor
- Pressurized heavy water reactor
- Light water graphite reactor
- Gas cooled reactor
- Fast reactor
- Boiling water reactor
Regional Overview, 2015-2025 (TWh) (Number of Units) (USD Million)
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Central & South America
- Argentina
- Rest of Central & South America
- Middle East & Africa
- UAE
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an elaborate view of the global nuclear reactor construction industry
- We have been analyzing the recent growth trends of the conventional energy and power generation sectors. The nuclear energy sector has been witnessing substantial developments among other non-renewable energy sources, owing to its minimal adverse impact on the environment.
- The historic and recent trends revolving around the construction of nuclear reactors have been portraying a stable growth across the globe
- Government initiatives in sufficing their futuristic electricity generation targets in some of the developing and developed countries highlighted the recent developments of the nuclear reactor construction industry, thus leading to positive expectations for the future
What does the report include?
- The study on the global market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain, PESTEL analysis and Porter’s Five Forces analysis
- The study includes qualitative and quantitative analysis of the market categorized on the basis of service type, reactor type and region. Moreover, the study provides similar information for each of the geographies and key countries within each region.
- Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments
- The report also includes in-detail profiling of key industry players that have a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants, government organizations and stakeholders in the nuclear energy industry, who want an in-depth insight into the development of the nuclear reactor construction market. The report will benefit:
- Executives of companies that are a part of the nuclear reactor construction business and service providers
- Managers working within various financial institutions that are looking to study and publish recent and forecasted numbers pertaining to the nuclear energy industry
- Government organizations, regulatory authorities, policymakers players looking for foreign investors to collaborate with
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future developments
The global nuclear reactor construction market size crossed USD 31.5 billion in 2017. Minimal hazardous impact on the environment is one of the growth favoring factors of the global nuclear reactor construction market size. Economized space or land utilization for installing nuclear power plant is a key aspect that is expected to support the stable growth of the nuclear reaction construction market size over the years ahead.
Global Nuclear Reactor Construction Market Size, 2015 - 2025 (Usd Billion)The nuclear reactors often take up relatively smaller spaces in comparison with other energy generation units. For instance, the amount of electricity produced by a multi-reactor nuclear power plant would require about 45 square miles of photovoltaic panels or about 260 square miles of wind turbines.
Over the past few years, the nuclear reactor construction market has gained huge importance. The nuclear industry is an effective energy source, owing to zero emissions of air pollutants such as carbon dioxide, sulfur dioxide, and nitrogen dioxide. Nuclear energy has established itself as the only source of clean-air energy with an output of 24 hours a day. Although not considered a renewable source of energy, nuclear energy is often classified as a sustainable energy source because of the availability of technically recoverable deposits of uranium that can last up to at least the next 100 years.
During normal operations, very little radiation is released. Multiple independent studies have found no health effects on the neighboring population. Radiation monitors surrounding the plant site provide real-time data on radiation levels. Additionally, radioactive materials that could cause radiation exposure near nuclear energy facilities are monitored by sampling air, food and water supplies. Nuclear energy facilities are non-polluting and use multiple, redundant layers of safety to contain radiation within the reactor.
The nuclear reactor construction market is categorized on the basis of reactor type. Pressurized water and heavy water, gas cooled, light water graphite, fast reactor, and boiling water are the types of nuclear reactors. In 2017, the pressurized water reactor accounted for more than 60% of the global nuclear reactor construction market share.
Pressurized water reactors have advantages over the other light water reactors and earlier generation nuclear sites. One major advantage of this reactor is that it is easy to operate because less power is being produced as the heat increases. In addition, the core of the reactor contains less fissile material, decreasing the chances of additional fission events to occur, making the reactor safer and more controllable.
On the basis of services, the equipment category is expected to boost the nuclear reactor construction market size at a fast-paced growth, by 2025. Island and auxiliary are the key sub-categories of the equipment services segment. The island equipment services sub-category is expected to hold a significant portion of the total nuclear reactor construction market share by the end of 2025.
North America dominated the global industry, constituting more than 35% of the total nuclear reactor construction market share in 2017. Four reactors are under construction in the U.S. at two sites in regulated markets. In Canada, the nuclear power reactor is based in Ontario. In early 2016, the Canadian government signed major contracts for the refurbishment and life extension of six reactors at the Bruce generating station. The programme is expected to begin in 2020 and will further extend the operating lifetime of the unit by 30-35 years. Similar refurbishment activities enabled the province to extensively phase out coal in the last few years, thus achieve one of the cleanest electricity mixes in the world.
Global Nuclear Reactor Construction Market Share, By Region, 2017 (%)
Asia Pacific is anticipated to witness the fastest growth among other major regions, by the end of 2025. China is expected to have the largest nuclear reactor construction market size in the region by 2025, owing to favorable government initiatives towards development of nuclear power as an effort to improve air quality and decrease greenhouse gas emissions. The Chinese government recently stated a long-term target in its Energy Development Strategy Action Plan, 2014-2020. This includes 58 GWe of nuclear capacity by 2020, with an addition of 30 GWe under construction. Well established industry players such as Rosatom, Areva Group, and General Electric Company have held a substantial portion of the global nuclear reactor construction market share, since the past few years.
Key segments of the global nuclear reactor construction market
Service Type Overview, 2015-2025 (USD Million)
- Equipment
- Island equipment
- Auxiliary equipment
- Installation
Reactor Type Overview, 2015-2025 (Number of Units)
- Pressurized water reactor
- Pressurized heavy water reactor
- Light water graphite reactor
- Gas cooled reactor
- Fast reactor
- Boiling water reactor
Regional Overview, 2015-2025 (TWh) (Number of Units) (USD Million)
- North America
- U.S.
- Canada
- Europe
- UK
- France
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Central & South America
- Argentina
- Rest of Central & South America
- Middle East & Africa
- UAE
- Rest of Middle East & Africa
Reasons for the study
- The purpose of the study is to give an elaborate view of the global nuclear reactor construction industry
- We have been analyzing the recent growth trends of the conventional energy and power generation sectors. The nuclear energy sector has been witnessing substantial developments among other non-renewable energy sources, owing to its minimal adverse impact on the environment.
- The historic and recent trends revolving around the construction of nuclear reactors have been portraying a stable growth across the globe
- Government initiatives in sufficing their futuristic electricity generation targets in some of the developing and developed countries highlighted the recent developments of the nuclear reactor construction industry, thus leading to positive expectations for the future
What does the report include?
- The study on the global market includes qualitative factors such as drivers, restraints, and opportunities
- Additionally, the market has been evaluated using the value chain, PESTEL analysis and Porter’s Five Forces analysis
- The study includes qualitative and quantitative analysis of the market categorized on the basis of service type, reactor type and region. Moreover, the study provides similar information for each of the geographies and key countries within each region.
- Actual market sizes and forecast figures have been provided for all the afore-mentioned market segments
- The report also includes in-detail profiling of key industry players that have a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants, government organizations and stakeholders in the nuclear energy industry, who want an in-depth insight into the development of the nuclear reactor construction market. The report will benefit:
- Executives of companies that are a part of the nuclear reactor construction business and service providers
- Managers working within various financial institutions that are looking to study and publish recent and forecasted numbers pertaining to the nuclear energy industry
- Government organizations, regulatory authorities, policymakers players looking for foreign investors to collaborate with
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future developments
Chapter 1 Executive Summary
1.1 Countries with existing nuclear power programs
1.2 Emerging Nuclear Energy Programs
1.3 Increased Capacity
Chapter 2 Research Methodology & Scope
2.1 Research approach
2.2 Research scope & assumptions
2.3 List of data sources
Chapter 3 Market Overview
3.1 Introduction
3.2 Market demand to 2025
3.3 Recent developments in the nuclear power industry
3.4 Investments and opportunities
Chapter 4 Market Dynamics
4.1 Drivers
4.1.1 Power deficit across key economies of the world
4.1.2 Rapid industrialization
4.2 Restraints
4.2.1 Hazardous nature of nuclear reactors
4.3 Opportunities
4.3.1 Development of advanced reactors
Chapter 5 Porter's Five Forces Analysis
5.1 Bargaining power of suppliers
5.2 Bargaining power of consumers
5.3 Threat of substitute products and services
5.4 Threat of new entrants
5.5 Degree of competition
Chapter 6 Market Analysis by Service Type
6.1 Equipment
6.1.1 Market size & demand forecast, 2015 - 2025 (USD Million)
6.1.2 Island equipment
6.1.2.1 Market size & demand forecast, 2015 - 2025 (USD Million)
6.1.3 Auxiliary equipment
6.1.3.1 Market size & demand forecast, 2015 - 2025 (USD Million)
6.2 Installation
6.2.1 Market size & demand forecast, 2015 - 2025 (USD Million)
Chapter 7 Market Analysis by Reactor Type
7.1 Pressurized water reactor
7.1.1 Market size & demand forecast, 2015 - 2025 (Number of Units)
7.2 Pressurized heavy water reactor
7.2.1 Market size & demand forecast, 2015 - 2025 (Number of Units)
7.3 Light water graphite reactor
7.3.1 Market size & demand forecast, 2015 - 2025 (Number of Units)
7.4 Gas cooled reactor
7.4.1 Market size & demand forecast, 2015 - 2025 (Number of Units)
7.5 Fast reactor
7.5.1 Market size & demand forecast, 2015 - 2025 (Number of Units)
7.6 Boiling water reactor
7.6.1 Market size & demand forecast, 2015 - 2025 (Number of Units)
Chapter 8 Market Analysis by Geography
8.1 North America
8.1.1 Overview
8.1.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.1.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.1.4 U.S.
8.1.4.1 Overview
8.1.4.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.1.4.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.1.5 Canada
8.1.5.1 Overview
8.1.5.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.1.5.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.2 Europe
8.2.1 Overview
8.2.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.2.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.2.4 UK
8.2.4.1 Overview
8.2.4.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.2.4.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.2.5 France
8.2.5.1 Overview
8.2.5.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.2.5.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.2.6 Russia
8.2.6.1 Overview
8.2.6.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.2.6.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.2.7 Rest of Europe
8.2.7.1 Overview
8.2.7.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.2.7.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.3 Asia Pacific
8.3.1 Overview
8.3.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.3.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.3.4 China
8.3.4.1 Overview
8.3.4.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.3.4.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.3.5 India
8.3.5.1 Overview
8.3.5.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.3.5.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.3.6 Japan
8.3.6.1 Overview
8.3.6.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.3.6.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.3.7 South Korea
8.3.7.1 Overview
8.3.7.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.3.7.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.3.8 Rest of Asia Pacific
8.3.8.1 Overview
8.3.8.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.3.8.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.4 Central and South America
8.4.1 Overview
8.4.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.4.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.4.4 Argentina
8.4.4.1 Overview
8.4.4.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.4.4.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.4.5 Rest of Central and South America
8.4.5.1 Overview
8.4.5.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.4.5.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.5 Middle East & Africa
8.5.1 Overview
8.5.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.5.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.5.4 UAE
8.5.4.1 Overview
8.5.4.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.5.4.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
8.5.5 Rest of MEA
8.5.5.1 Overview
8.5.5.2 Market size & demand forecast, 2015 - 2025 (USD Million)
8.5.5.3 Nuclear power infrastructure, 2015 – 2025 (TWh) (Number of Units)
Chapter 9 Company Profiles
9.1 Areva Group
9.1.1 Company Overview
9.1.2 Products
9.1.3 Financials
9.1.4 Recent Developments
9.2 Ge Hitachi Nuclear (Geh)
9.2.1 Company Overview
9.2.2 Products And Services
9.2.3 Financials
9.2.4 Recent Developments
9.3 Westinghouse Electric Company (Toshiba)
9.3.1 Company Overview
9.3.2 Products And Services
9.3.3 Financials
9.3.4 Recent Developments
9.4 Kepco E&C
9.4.1 Company Overview
9.4.2 Products And Services
9.4.3 Financials
9.4.4 Recent Developments
9.5 Škoda Works
9.5.1 Company Overview
9.5.2 Products And Services
9.5.3 Financials
9.5.4 Recent Developments
9.6 China National Nuclear Corporation
9.6.1 Company Profile
9.6.2 Products And Services
9.6.3 Financials
9.6.4 Recent Developments
9.7 Bilfinger Berger Power Services
9.7.1 Company Overview
9.7.2 Products And Services
9.7.3 Financials
9.7.4 Recent Developments
9.8 Larsen & Toubro Ltd.
9.8.1 Company Overview
9.8.2 Products And Services
9.8.3 Financials
9.8.4 Recent Developments
9.9 Doosan Heavy Industries & Construction
9.9.1 Company Overview
9.9.2 Products And Services
9.9.3 Financials
9.9.4 Recent Developments
9.10 Mitsubishi Heavy Industries, Ltd.
9.10.1 Company Overview
9.10.2 Products And Services
9.10.3 Financials
9.10.4 Recent Developments
9.11 Dongfang Electric Corporation
9.11.1 Company Overview
9.11.2 Products And Services
9.11.3 Financials
9.11.4 Recent Developments
9.12 Shanghai Electric Group Company Ltd.
9.12.1 Company Overview
9.12.2 Products And Services
9.12.3 Financials
9.13 Siemens
9.13.1 Company Overview
9.13.2 Products And Services
9.13.3 Financials
9.13.4 Recent Developments
Chapter 10 Competitive Landscape
10.1 Mergers and acquisitions
10.2 Joint ventures, collaborations, and agreements
10.3 Market share analysis