PUBLISHER: IMARC | PRODUCT CODE: 1298596
PUBLISHER: IMARC | PRODUCT CODE: 1298596
Nuclear Reactor Construction Market by Service, Reactor Type (Pressurized Water Reactor and Pressurized Heavy Water Reactor, Boiling Water Reactor, High-temperature Gas Cooled Reactor, Liquid Metal Fast Breeder Reactor ), and Region 2023-2028
The global nuclear reactor construction market size reached US$ 6.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.3 Billion by 2028, exhibiting a growth rate (CAGR) of 3.50% during 2023-2028. The increasing demand for energy, rising concern about climate change, and significant developments in the nuclear technology represent some of the key factors driving the market.
Nuclear reactor construction refers to procedures that involve the building and assembling of components that are required to generate nuclear power. A nuclear reactor is a device that uses nuclear reactions to produce energy by converting nuclear energy into heat, which is then used to generate electricity. The construction of a nuclear reactor involves the installation of a nuclear reactor vessel, control rods, cooling systems, and various other components that are required for the safe and efficient operation of the reactor. The construction of a nuclear reactor is a complex and highly regulated process that requires extensive planning and engineering expertise. It typically involves several stages, including site preparation, design and licensing, fabrication of components, and assembly of the reactor. The construction process also involves strict safety measures and quality control protocols to ensure that the reactor is constructed to meet the highest safety and reliability standards.
Nuclear Reactor Construction Market Trends:
One of the primary factors driving the market is the increasing demand for energy across the globe. As the world population continues to grow, the demand for electricity is expected to rise significantly. Additionally, nuclear power is seen as a reliable and cost-effective way to meet this growing demand, particularly in countries where other energy sources are limited or expensive, which is further creating a positive market outlook. Other than this, with the increasing concern about climate change, there has been growing construction of nuclear reactors. Along with this, as the global community becomes increasingly focused on reducing carbon emissions, the demand for nuclear power is constantly growing as nuclear power is a low-carbon energy source that does not produce greenhouse gas emissions, making it an attractive option for countries looking to reduce their carbon footprint. Other than this, governments of different countries are undertaking various initiatives to promote clean energy and reduce carbon emissions. This resulted in the construction of nuclear reactors since nuclear power is considered a key component of their strategy for achieving these goals. Furthermore, governments are providing incentives and subsidies to encourage the construction of new nuclear reactors, further driving the market growth. Moreover, significant advancements in nuclear technology are also contributing to the market growth. For instance, next-generation nuclear reactors are being developed that are safer, more efficient, and produce less waste than traditional nuclear reactors. These advancements are making nuclear power a more attractive option for several countries, thus contributing to market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global nuclear reactor construction market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on the service and reactor type.
Service Insights:
Equipment
Installation
The report has provided a detailed breakup and analysis of the nuclear reactor construction market based on the service. This includes equipment and installation.
Reactor Type Insights:
Pressurized Water Reactor (PWR) and Pressurized Heavy Water Reactor (PHWR)
Boiling Water Reactor (BWR)
High-temperature Gas Cooled Reactor (HTGCR)
Liquid Metal Fast Breeder Reactor (LMFBR)
A detailed breakup and analysis of the nuclear reactor construction market based on the reactor has also been provided in the report. This includes pressurized water reactor (PWR) and pressurized heavy water reactor (PHWR), boiling water reactor (BWR), high-temperature gas cooled reactor (HTGCR), and liquid metal fast breeder reactor (LMFBR.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for nuclear reactor construction. Some of the factors driving the North America nuclear reactor construction market included rising energy demand, environmental regulations, and technological advancements.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global nuclear reactor construction market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Areva S.A., Bilfinger SE, Dongfang Electric Corporation, Doosan Enerbility Co., Ltd., GE Hitachi Nuclear Energy (General Electric), KEPCO Engineering & Construction Company, Inc. (Korea Electric Power Corporation), Larsen & Toubro Limited, Mitsubishi Heavy Industries Ltd, Shanghai Electric Group Company Limited, Siemens AG, SKODA JS a.s. (CEZ Group), Westinghouse Electric Company LLC, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global nuclear reactor construction market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global nuclear reactor construction market?
- What is the impact of each driver, restraint, and opportunity on the global nuclear reactor construction market?
- What are the key regional markets?
- Which countries represent the most attractive nuclear reactor construction market?
- What is the breakup of the market based on the service?
- Which is the most attractive service in the nuclear reactor construction market?
- What is the breakup of the market based on the reactor?
- Which is the most attractive reactor in the nuclear reactor construction market?
- What is the competitive structure of the global nuclear reactor construction market?
- Who are the key players/companies in the global nuclear reactor construction market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Nuclear Reactor Construction Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Service
- 6.1 Equipment
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Installation
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Reactor Type
- 7.1 Pressurized Water Reactor (PWR) and Pressurized Heavy Water Reactor (PHWR)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Boiling Water Reactor (BWR)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 High-temperature Gas Cooled Reactor (HTGCR)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Liquid Metal Fast Breeder Reactor (LMFBR)
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Areva S.A.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Bilfinger SE
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.2.4 SWOT Analysis
- 13.3.3 Dongfang Electric Corporation
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.3.4 SWOT Analysis
- 13.3.4 Doosan Enerbility Co., Ltd.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.4.4 SWOT Analysis
- 13.3.5 GE Hitachi Nuclear Energy (General Electric)
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 KEPCO Engineering & Construction Company, Inc. (Korea Electric Power Corporation)
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Larsen & Toubro Limited
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Mitsubishi Heavy Industries Ltd
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.8.3 Financials
- 13.3.8.4 SWOT Analysis
- 13.3.9 Shanghai Electric Group Company Limited
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.10 Siemens AG
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.10.4 SWOT Analysis
- 13.3.11 SKODA JS a.s. (CEZ Group)
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Westinghouse Electric Company LLC
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 SWOT Analysis
- 13.3.1 Areva S.A.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Nuclear Reactor Construction Market: Major Drivers and Challenges
- Figure 2: Global: Nuclear Reactor Construction Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Nuclear Reactor Construction Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Nuclear Reactor Construction Market: Breakup by Service (in %), 2022
- Figure 5: Global: Nuclear Reactor Construction Market: Breakup by Reactor Type (in %), 2022
- Figure 6: Global: Nuclear Reactor Construction Market: Breakup by Region (in %), 2022
- Figure 7: Global: Nuclear Reactor Construction (Equipment) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Nuclear Reactor Construction (Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Nuclear Reactor Construction (Installation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Nuclear Reactor Construction (Installation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Nuclear Reactor Construction (Pressurized Water Reactor (PWR) and Pressurized Heavy Water Reactor (PHWR)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Nuclear Reactor Construction (Pressurized Water Reactor (PWR) and Pressurized Heavy Water Reactor (PHWR)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Nuclear Reactor Construction (Boiling Water Reactor (BWR)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Nuclear Reactor Construction (Boiling Water Reactor (BWR)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Nuclear Reactor Construction (High-temperature Gas Cooled Reactor (HTGCR)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Nuclear Reactor Construction (High-temperature Gas Cooled Reactor (HTGCR)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Nuclear Reactor Construction (Liquid Metal Fast Breeder Reactor (LMFBR)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Nuclear Reactor Construction (Liquid Metal Fast Breeder Reactor (LMFBR)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: North America: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: North America: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: United States: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: United States: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Canada: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Canada: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Asia-Pacific: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Asia-Pacific: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: China: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: China: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Japan: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Japan: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: India: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: India: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: South Korea: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: South Korea: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Australia: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Australia: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Indonesia: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Indonesia: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Others: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Others: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Europe: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Europe: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Germany: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Germany: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: France: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: France: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: United Kingdom: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: United Kingdom: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Italy: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Italy: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Spain: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Spain: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Russia: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Russia: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Others: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Others: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Latin America: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Latin America: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Brazil: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Brazil: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Mexico: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Mexico: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Nuclear Reactor Construction Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Nuclear Reactor Construction Market: Breakup by Country (in %), 2022
- Figure 67: Middle East and Africa: Nuclear Reactor Construction Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Global: Nuclear Reactor Construction Industry: Drivers, Restraints, and Opportunities
- Figure 69: Global: Nuclear Reactor Construction Industry: Value Chain Analysis
- Figure 70: Global: Nuclear Reactor Construction Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Nuclear Reactor Construction Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Nuclear Reactor Construction Market Forecast: Breakup by Service (in Million US$), 2023-2028
- Table 3: Global: Nuclear Reactor Construction Market Forecast: Breakup by Reactor Type (in Million US$), 2023-2028
- Table 4: Global: Nuclear Reactor Construction Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Nuclear Reactor Construction Market: Competitive Structure
- Table 6: Global: Nuclear Reactor Construction Market: Key Players
