Nuclear Turbine Generator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Thermal Reactors, Fast Neutron Reactors, Nuclear Fusion Reactors); Technology (Pressurized Water Reactors, Liquid Metal Fast Breeder Reactor, Pebble Bed Reactors, Molten Salt Reactors, Gas Cooled Reactor, Others); Application (Nuclear Power Plants, Nuclear Propulsion, Spacecraft Propulsion, Others) and Geography
Report Code: TIPRE00029712
| No. of Pages: 150
| Category: Energy and Power
| Status: Upcoming
The nuclear turbine generator market is anticipated to advance exponentially owing to rapid industrialization and rising demand for energy to meet consumer and industrial needs. In addition, the rapid expansion in fossil fuel costs due to the consumption and shortage of non-renewable resources is expected to drive the global nuclear turbine generator market growth. Furthermore, another positive driver for the market is the global awareness towards decrease and guidelines of environmental change, which is additionally liable for decreased utilization of conventional fuels.
The "Global Nuclear Turbine Generators Market Analysis to 2028" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the nuclear turbine generators market with detailed market segmentation by type, technology, application, and geography. The global nuclear turbine generators market is expected to witness rapid growth during the forecast period. The report provides key statistics on the market status of the leading nuclear turbine generators market players and offers key trends and opportunities in the market.
The global nuclear turbine generators market is segmented by type, technology, and application.
Based on product type, the market is segmented into Thermal Reactors, Fast Neutron Reactors, and Nuclear Fusion Reactors.
On the basis of technology, the market is segmented into Pressurized Water Reactors, Liquid Metal Fast Breeder Reactor, Pebble Bed Reactors, Molten Salt Reactors, Gas Cooled Reactor, Others
On the basis of application, the market is segmented into Nuclear Power Plants, Nuclear Propulsion, Spacecraft Propulsion, and Others
The need to modify the energy production methods away from limited fossil fuels has changed the worldwide market towards applying nuclear turbine generators for power generation, which will drive market growth in the forecast period.
The stress corrosion breaking and related expenses because of steam generation will probably hamper the market development.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive connector's market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive connector's market in these regions.
IMPACT OF COVID-19
The nuclear turbine generator manufacturers have halted their production process due to a disrupted supply of equipment and components from suppliers located in Southeast Asian countries and China due to the shutdown owing to the COVID-19 pandemic. Additionally, those companies involved with the nuclear turbine generator had to close their manufacturing units due to a lack of workforce availability, hampered market growth to a large extent. Furthermore, the demand for turbine generators is expected to increase to manage electricity production operations and reduce human intervention. However, In February 2021, Nidec Corporation acquired Mitsubishi Heavy Industries Machine Tool Co., Ltd to expand its production capacity and product portfolio. Furthermore, In January 2020, Westinghouse Electric Company LLC completely acquired the rolls of Royce's Nuclear Systems and Services business in North America. It was a strategic investment in expanding the company's nuclear product and services offering. These developments in the market will help the market to recover from the disruptions that happened due to the Covid-19 Pandemic in the forecast period.
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The reports cover key developments in the nuclear turbine generators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market players from the nuclear turbine generators market are anticipated to have lucrative growth opportunities in the future with the rising demand for nuclear turbine generators in the global market. Below mentioned is the list of few companies engaged in the nuclear turbine generators market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the nuclear turbine generators market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, the key development in the past five years.
The Babcock and Wilcox Company
OJSC Power Machines
Mitsubishi Heavy Industries Ltd. (MHI)
Doosan Heavy Industries and Construction Ltd
Bharat Heavy Electricals Limited (BHEL)
Westinghouse Electric Company LLC
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
1. Toshiba Corporation
2. The Babcock and Wilcox Company
3. OJSC Power Machines
4. Mitsubishi Heavy Industries Ltd. (MHI)
5. Hitachi Ltd
6. General Electric
7. Doosan Heavy Industries and Construction Ltd
8. Bharat Heavy Electricals Limited (BHEL)
9. Westinghouse Electric Company LLC
10. Alstom Power