Market Insights and Analysis: Nuclear Power Plant Equipment Market Overview and Projections (2023-2028)

The Global Nuclear Power Plant Equipment Market is estimated to grow at a CAGR of around 3.76% during the forecast period, i.e., 2023-28.

Top leading companies in the Nuclear Power Plant Equipment Market includes:

General Electric, Shanghai Electric, Mitsubishi Heavy Industries, LT Heavy Engineering, Toshiba Energy System Solutions Corporation, Dongfang Electric Corporation, Doosan Corporation, BWX Technologies, Inc.,Terrestrial Energy Inc., AREVA S.A., NuScale Power Corporation and Other

Recent Development:

• 2023: GE Hitachi Nuclear Energy (GEH), Ontario Power Generation (OPG), SNC-Lavalin and Aecon have signed a contract for the deployment of a BWRX-300 small modular reactor (SMR) at OPG’s Darlington New Nuclear Project site. This is one of the first commercial contract for a grid-scale SMR in North America.
• 2022: GE Steam Power signed a contract of around USD165 million with BHEL for the supply of three nuclear steam turbines out of six units for NPCIL’s domestic nuclear program. The domestic program includes nearly 12 units of 700 MWe being developed by NPCIL with their own nuclear reactor technology i.e., Pressurized Heavy Water Reactors (PHWR).

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Report Segmentation:

The market is categorized into the following segments in the report:

By Type of Reactor

-Pressurized Water Reactor (PWR)

-Pressurized Heavy Water Reactor (PHWR)

-Boiling Water Reactor (BWR)

-Others (Gas Cooled Reactor (GCR), Light Water Graphite Reactor (LWGR), etc.)

By Equipment Type

-Island Equipment

-Auxiliary Equipment

By Demand Type

-OEM

-Replacement

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Nuclear Power Plant Equipment Market Geographic Reach:

The Geographic Reach of the Olive Market evaluates the spread and significance of Nuclear Power Plant Equipment Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

• North America: US, Canada, Mexico
• Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
• Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
• South America: Brazil, Argentina, Rest of South America
• Middle East Africa: UAE, Saudi Arabia, South Africa, Rest of MEA

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