As per this study the Global Nuclear Power Plant And Equipment Market was valued USD 45 BN (by revenue) in 2017 and is anticipated to reach USD 56.3 BN by 2024 with a CAGR of 3.3%.
 
Nuclear power plant refers to a type of power plant that generates electricity from nuclear fission. Energy derived from nuclear fission reaction is utilized to generate electricity by using equipment such as nuclear reactors. Nuclear reactors use heat from nuclear fission and converts it into steam that generate electricity. Wide variety of equipment are used such as pressurized water reactor, boiling water reactor, Sodium Cooled Fast Reactor, high temperature gas cooled reactor, etc.
 
Market Dynamics
 
Robust demand of electricity across the globe is driving the market growth. Rising demand of cleaner and efficient way of energy generation is again fueling the market growth. Growing construction of nuclear power plants across developing economies followed by various technological advances leading to increase in output rate is likely to push the market growth high in upcoming years. In sprite of all, high equipment and plant setup cost coupled with health hazards related to exposure to radioactive materials is expected to hinder the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of nuclear power plant and equipment.
 
Market Segmentation
 
The broad nuclear power plant and equipment market has been sub-grouped into reactor type and equipment type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Reactor Type

• Pressurized Water Reactor {PWR}
• Pressurized Heavy Water Reactor {PHWR}
• Boiling Water Reactor {BWR}
• High Temperature Gas Cooled Reactor {HTGR}
• Fast Breeder Reactor {FBR}
• Others

• Island Equipment
• Auxiliary Equipment