The
global nuclear turbine generators market estimating it to report an
impressive CAGR of 12.0% during the period from 2014 to 2020 and
reach US$15.61 bn by the end of the forecast period.
According
to the report, the rising demand for energy is the key factor driving
the global nuclear turbine generator market substantially. The
increasing focus of economies on the expansion of their nuclear power
capabilities has triggered the installation of new nuclear reactors,
stimulating the demand for nuclear turbines and nuclear generators in
the global arena. However, the anti-nuclear energy policy, followed
by several countries, is hampering the growth of this market to a
significant extent. The negative public opinion over the development
of nuclear power after the Fukushima Daiichi nuclear disaster is also
anticipated to limit this market, states the report.
The
report analyzes the global market for nuclear turbine generators on
the basis of product and its regional distribution. Based on product,
the markets for nuclear turbines and nuclear generators are the main
segments of the global market. The rise in the installation of new
nuclear reactors across the world has propelled the demand for
nuclear turbines in the global arena. Currently, there are
approximately 435 operational nuclear reactors around the world,
whereas the installation of 71 new nuclear reactors is just round the
corner, notes the study.
On
the regional front, the report segments the global nuclear turbine
generator market into North America, Asia Pacific, Europe, and the
Rest of the World. Of these, Europe has emerged as the leading
regional market. Analysts anticipate this market to exhibit a
significant growth rate over the forecast period owing to the
expected installation of new nuclear turbine generators, especially
in Russia.
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Asia
Pacific holds the second position in this market and is closely
followed by North America. The increasing installation of new nuclear
turbine generators in India, South Korea, and China is stimulating
the Asia Pacific nuclear turbine generators market significantly.
North
America has also shown impressive growth in the global market for
nuclear turbine generators in recent times. At present, the U.S.
leads the North America nuclear turbine generators market in terms of
demand. However, the decline in gas prices has negatively impacted
some of the existing as well as new nuclear turbine generator
projects in North America, causing the market’s growth to plummet,
says the study.
The
global market for nuclear turbine generators is concentrated in
nature. Some of the major players operating in this market are
Westinghouse Electric Co. LLC, Toshiba Corp., The Babcock &
Wilcox Co., OJSC Power Machines, Mitsubishi Heavy Industries Ltd.,
Hitachi Ltd., General Electric, Doosan Heavy Industries &
Construction Co. Ltd., Bharat Heavy Electricals Ltd., and Alstom
Power, states the research report.
The
global nuclear turbine generator market is segmented into:
By
Product
- Nuclear Turbine
- Nuclear Generator
By
Region
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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