PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1342660
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1342660
According to SPER Market Research, 'Nuclear Power Plant Equipment Market Size- By Reactor Type, By Equipment Type, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Nuclear Power Plant Equipment Market is predicted to reach USD 19.57 billion by 2033 with a CAGR of 3.74%.
A Nuclear Power Plant is a complex industrial facility that generates electricity through controlled nuclear fission, generating immense heat. Fuel rods containing enriched uranium or plutonium are used as fuel, converting water into high-pressure steam. This steam drives a turbine, which powers a generator to produce electricity. Nuclear power plants are considered clean energy, emitting no greenhouse gases, but require strict safety measures due to potential hazards.
The globally nuclear power plant equipment industry has been significantly impacted by the COVID-19 pandemic. New projects have been impacted by supply chain and labour problems and construction delays. Investment choices have been affected by decreased energy consumption and financial restrictions. While safety precautions raised operating expenses, supply chain interruptions had an impact on equipment deliveries.