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.                                                           

Global Nuclear Power Plant Equipment Market Dynamics:

Addressing the Growing Demand for Clean Electricity - During the historical years, nuclear energy has remained a leading source of clean electricity across the globe. Also, nuclear power made up about 10% of global electricity generation in 2021, and this share has declined from 18% in the late 1990s, but nuclear is still the second-largest source of low-emissions electricity (i.e. non-fossil-based) after hydroelectricity and the leading source in advanced economies. Countries such as the US, Germany, the UK, etc., have set ambitious targets to reduce carbon emissions and combat climate change.

While renewable energy plays a vital role in achieving these goals, it is not sufficient alone to meet the increasing electricity demand globally. Thus, to achieve net zero targets, nuclear power plants, with their low-carbon footprint and ability to generate large-scale electricity, are considered an important part of the decarbonization strategy. Hence, the growing adoption of clean energy across the globe is expected to increase the requirement for nuclear power plant equipment to support the transition to a low-carbon economy in the coming years.

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Market Dimensions & Projections

·        Pricing Evaluation

·        Recent Strategic Moves by Companies

·        Primary Stakeholders

·        Import/Export Trend Analysis

·        Competitive Landscape Assessment

·        Emerging Opportunities

·        Market Trends and Indicators

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Global Nuclear Power Plant Equipment Market Segmentation:

The market report categorizes the market based on different segments and geographical analysis.

Study Timeline:

-Base Year: 2022

-Historical Period: 2018 to 2021

-Forecast Period: 2023-28

• 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
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including -   General Electric, Shanghai Electric, Mitsubishi Heavy Industries, L&T 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

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