Market Size of Europe Nuclear Reactor Construction Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | -4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Nuclear Reactor Construction Market Analysis
The Europe nuclear reactor construction market is expected to decline at a CAGR of around 4% during the forecast period of 2020 - 2025. Factors such as a large number of reactors with age exceeding 30 years and shift of energy generation from oil and gas towards nuclear energy are expected to be major drivers driving the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern nuclear power plants, has been a significant factor for the growth of the European nuclear reactor construction market. However, water scarcity and investment in the renewable energy sector has somewhat hampered the growth of the market.
- The pressurized water reactor has dominated the market in recent years and is expected to dominate the market in the forecast period, owing to factors like low cost operating reactor, as both the coolant and the moderator used in the reactor is light water and relatively higher controllable and safer nature of the reactor.
- The increase in electricity demand in the region is expected to provide an excellent opportunity for the Asia-Pacific nuclear reactor construction market in the forecast period.
- Russia is expected to witness significant growth in the forecast period, over rising concerns over pollution from energy plants based on coal and rising electricity demand. The country is the second largest electricity generator from nuclear power plants in the region and produced 204.5 TWh of electricity from its nuclear power plants.
Europe Nuclear Reactor Construction Industry Segmentation
The Europe nuclear reactor construction market report include:
| Service | |
| Equipment | |
| Installation |
| Reactor Type | |
| Pressurized Water Reactor | |
| Pressurized Heavy Water Reactor | |
| Boiling Water Reactor | |
| High-temperature Gas Cooled Reactor | |
| Liquid Metal Fast Breeder Reactor |
| Geography | |
| Russia | |
| France | |
| Rest of Europe |
Europe Nuclear Reactor Construction Market Size Summary
The European nuclear reactor construction market is experiencing a shift due to the aging of existing reactors and a transition towards nuclear energy from traditional oil and gas sources. Technological advancements have enhanced the efficiency and reliability of modern nuclear power plants, contributing to market growth. However, challenges such as water scarcity and increased investment in renewable energy sources have posed obstacles. The pressurized water reactor (PWR) has been the dominant technology, favored for its cost-effectiveness and safety features. The rising demand for electricity in the region presents opportunities for further development, particularly in Russia, which is seeing significant growth due to its focus on reducing pollution from coal-based energy and meeting electricity demands.
Russia is poised for substantial expansion in its nuclear reactor construction sector, driven by its strategic initiatives to boost the export of nuclear technology and services. The country has made notable advancements, including the completion of its first floating nuclear power plant and ongoing projects in Turkey and China. With numerous reactors planned, Russia aims to maintain nuclear power as a key component of its energy strategy, addressing both power demand and emission reduction goals. The European market is moderately consolidated, with major players like Rosatom State Nuclear Energy Corporation and Westinghouse Electric Company LLC leading the industry.
Europe Nuclear Reactor Construction 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 2025
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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 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Service
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2.1.1 Equipment
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2.1.2 Installation
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2.2 Reactor Type
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2.2.1 Pressurized Water Reactor
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2.2.2 Pressurized Heavy Water Reactor
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2.2.3 Boiling Water Reactor
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2.2.4 High-temperature Gas Cooled Reactor
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2.2.5 Liquid Metal Fast Breeder Reactor
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2.3 Geography
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2.3.1 Russia
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2.3.2 France
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2.3.3 Rest of Europe
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Europe Nuclear Reactor Construction Market Size FAQs
Who are the key players in Europe Nuclear Reactor Construction Market?
Rosatom State Nuclear Energy Corporation , Westinghouse Electric Company LLC (Toshiba) , Larsen & Toubro Limited , Mitsubishi Heavy Industries Ltd and Electricite de France SA (EDF) are the major companies operating in the Europe Nuclear Reactor Construction Market.
What years does this Europe Nuclear Reactor Construction Market cover?
The report covers the Europe Nuclear Reactor Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Nuclear Reactor Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
