Market Size of China Nuclear Power Plant Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Nuclear Power Plant Equipment Market Analysis
Over the next five years, the China nuclear power plant equipment market is expected to grow at a CAGR of more than 6%.
In 2020, COVID-19 negatively impacted the market. Presently, the market is likely to reach pre-pandemic levels.
- Over the medium term, the significant contribution of nuclear energy to reduce GHG emissions while fulfilling the increasing energy demands of a growing population and supporting sustainable development is driving the market.
- On the other hand, the availability of other clean energy sources and the rise in competition are likely to slow the market's growth during the forecast period.
- Nevertheless, there are several upcoming projects coming online during the forecast period, and this is likely to create opportunities for various nuclear power plant equipment.
China Nuclear Power Plant Equipment Industry Segmentation
A nuclear power plant is a facility that converts atomic energy into usable power. In a nuclear power plant, the heat from a reactor typically powers a turbine, which powers an electric generator.Nuclear power plant equipment is any equipment used in a nuclear power plant for the safe and consistent generation of nuclear energy.
The China nuclear power plant equipment market is segmented by reactor type and carrier type. By reactor type, the market is segmented into pressurized water reactors, pressurized heavy water reactors, and others. By carrier type, the market is segmented into island equipment, auxiliary equipment, and research reactors. For each segment, market sizing and forecasts have been done based on revenue (USD).
| Reactor Type | |
| Pressurized Water Reactor | |
| Pressurized Heavy Water Reactor | |
| Other Reactor Types |
| Carrier Type | |
| Island Equipment | |
| Auxiliary Equipment | |
| Research Reactor |
China Nuclear Power Plant Equipment Market Size Summary
The China nuclear power plant equipment market is poised for significant growth over the next five years, driven by the country's commitment to reducing greenhouse gas emissions and meeting the energy demands of its expanding population. Despite the initial setbacks caused by the COVID-19 pandemic, the market is expected to recover to pre-pandemic levels. The increasing focus on sustainable development and the strategic importance of nuclear energy in China's energy mix are key factors propelling market expansion. However, the presence of alternative clean energy sources and heightened competition may pose challenges to growth. Nonetheless, the initiation of several new projects during the forecast period is anticipated to create substantial opportunities for nuclear power plant equipment suppliers.
China's nuclear power sector remains robust, with pressurized water reactors (PWRs) being the most prevalent due to their operational stability and safety features. The country continues to expand its nuclear capacity, with numerous reactors under construction and plans for additional units, reinforcing its position as a leading global player in nuclear energy. The government's ambitious targets for zero emissions and increased nuclear power production underscore the strategic importance of this sector. As China aims to double its nuclear capacity by 2035, the demand for associated equipment is expected to rise, supported by a moderately consolidated market featuring major players like China National Nuclear Corporation and Dongfang Electric Corporation.
China Nuclear Power Plant Equipment Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2028
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Reactor Type
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2.1.1 Pressurized Water Reactor
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2.1.2 Pressurized Heavy Water Reactor
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2.1.3 Other Reactor Types
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2.2 Carrier Type
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2.2.1 Island Equipment
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2.2.2 Auxiliary Equipment
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2.2.3 Research Reactor
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China Nuclear Power Plant Equipment Market Size FAQs
What is the current China Nuclear Power Plant Equipment Market size?
The China Nuclear Power Plant Equipment Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in China Nuclear Power Plant Equipment Market?
Shanghai Electric Power Generation Equipment Co., Ltd , Dongfang Electric Corporation Limited , Mitsubishi Heavy Industries Ltd, China National Nuclear Corporation and Doosan Enerbility are the major companies operating in the China Nuclear Power Plant Equipment Market.
