subject: Nuclear Pressurizer - Global Market Size, Competitive Landscape, Trends and Analysis to 2020 [print this page] Nuclear Pressurizer - Global Market Size, Competitive Landscape, Trends and Analysis to 2020
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"Nuclear Pressurizer - Global Market Size, Competitive Landscape, Trends and Analysis to 2020" is the latest research from GlobalData. This report provides comprehensive information on the market size of reactor pressurizers used in the nuclear power generation facilities, both at a regional and global level. The reactor pressurizers that are included in the study are those used in pressurized water reactors and pressurized heavy water reactors or CANDU reactor types. Reactor pressurizer is used in nuclear power generation facilities to control the reactor coolant system. This reactor pressurizer is considered to be key equipment of the nuclear power plant. The reactor pressurizer plays a significant role in safe operation of nuclear power plant.
Nuclear Industry Expansion Enhances the Growth of the Reactor Pressurizer Market
Demand from new nuclear power stations is set to drive the reactor pressurizer market. There are more than 60 new nuclear reactors that are in the under construction phase across the globe and that are expected to come online during the forecast period 2010-2020, which indicates a growth in demand for nuclear reactor pressurizer worldwide. There will be demand for the reactor pressurizer in the replacement market as many of the existing reactors will require a replacement once they complete 25-30 years of operational life. In the long term, most of the demand for the reactor pressurizer will be primarily due to new reactors in nuclear power producing countries, as well as the potential nuclear industry development in emerging nuclear countries. More than ten new nuclear power reactors are expected to come online during the forecast period 2010-2020 in emerging nuclear power economies such as Bangladesh, Turkey, the UAE (United Arab Emirates), Nigeria and Vietnam. This will enhance the growth of the reactor pressurizer market in the next ten years.
European and Asia-Pacific Regions are the Major Markets for the Reactor Pressurizer Industry
The European and Asia Pacific regions are expected to show strong demand for the nuclear reactor pressurizer during the forecast period 2010-2020. During the forecast period 2010-2020, the estimated demand for reactor pressurizer in the European region is expected to reach 166 units, followed by Asia- Pacific with 94 units and the North American region with 52 units. The increased demand from these regions will result in the sustained growth of the nuclear reactor pressurizer market.
The Nuclear Reactor Pressurizer Market to Show Growth During the Forecast Period 2010-2020
Year-on-year demand for the reactor pressurizer around the globe will increase from 19 units in 2010 to 26 units in 2020, showing an average annual growth rate (AAGR) of 3.1% during this period. This market is expected to reach $338m in 2020, increasing at an AAGR of 7.9% between 2010 and 2020. The global estimated cumulative demand for the reactor pressurizer will reach to 327 units during the forecast period 2010-2020. Major demand for reactor pressurizer will be from the replacement market during the forecast period 2010-2020.
Key Players to Benefit from Reactor Pressurizer Market Growth
Leading players such as Areva NP, Mitsubishi Heavy Industries, Ltd, Doosan Heavy Industries and Construction, Ltd, Westinghouse Electric Company, LLC and others are set to benefit from the growth within the reactor pressurizer market. These major players will be the potential beneficiaries of the high demand for the nuclear reactor pressurizer because of their better capabilities and long standing experience in this market. Globally, the Original Equipment Manufacturers (OEM) of the reactor pressurizer are targeting the European and Asia Pacific regions as more new nuclear power reactors are expected to become operational during the forecast period 2010-2020. For more details, please vist http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=13203
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