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Published Date: 2014-09-15Number of Pages: 92

Nuclear Turbine Generator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

The global demand for energy is anticipated to rise rapidly, spurred by demographic and economic growth. Increasing industrialization in emerging countries such as Brazil, Russia, China, India, and South Africa has further raised the demand for energy. The rapidly rising energy demand and uncertainty of the energy demand and supply met is likely to act as a catalyst for the growth of the nuclear turbine generator market. Fossil fuels are the primary source of power generation and are likely to remain so over the forecast period. However, fossil fuels are also the major and a growing contributor to carbon dioxide emissions.

 

Nuclear energy is a reliable, safe, clean and competitive energy source. The power generated from nuclear energy is almost free of any greenhouse gas emissions, except for the indirect emission associated with mining, construction, decommissioning and fuel fabrication of the nuclear power plant, and disposal of the waste. Moreover, nuclear power plants are base load power plants that generate dependable power to consistently meet the global demand for energy. The market for the nuclear industry is expected to rise at a significant rate in the future due to the factors mentioned above.

 

The burgeoning demand for power, along with the increased need for secure, reliable and emission-free power, propels the demand for nuclear turbine generators. Factors such as environmental concerns in power generation from fossil fuel and rapid rise in the fossil fuel prices are likely to augment demand for nuclear turbine generators globally. Increase in the number of pressurized water reactor (PWR) installations across the world is expected to augment growth in the global nuclear turbine generator market. Albeit, certain challenges involved in operating steam generators, such as stress corrosion cracking, can hamper market growth. Furthermore, anti-nuclear energy policy and the negative public opinion surrounding nuclear power after the Fukushima Daiichi Nuclear Disaster in Japan can pose a threat to the growth of the market. However, high potential of Europe’s nuclear turbine generator market is likely to accelerate market growth.

 

The global demand for nuclear turbines is driven by the increasing installation of new nuclear reactors worldwide. Presently, there are nearly 435 operable nuclear reactors installed globally with another 71 nuclear reactors under consideration. Increased number of new installations is likely to accelerate the demand for nuclear generators worldwide. The global nuclear turbine generator market is dominated by Europe, followed by Asia Pacific and North America. These regions are estimated to grow at a significant rate during the forecast period. Expected new installations of nuclear turbine generators in Europe, primarily in Russia, are anticipated to drive the nuclear turbine generator market in the region. Asia Pacific is one of the highest growth markets for nuclear turbine generators. Demand for nuclear turbine generators in the region is primarily driven by increasing number of new installations in various countries such as China, India and South Korea.

 

North America is a key market for nuclear turbine generators. The U.S. accounts for the highest demand for nuclear turbine generators in the region. However, declining gas prices since 2009 have been hampering the economic viability of some of the existing as well as new projects. This is expected to dampen market growth. Nevertheless, consistent efforts by the U.S. government and the industry to expedite the approval process for new plant designs and construction are expected to provide ample growth opportunities in the nuclear turbine generator market in North America.

 

The global nuclear turbine generator market is consolidated in nature; leading market players adopt the strategy of mergers and acquisitions to grow in the global nuclear turbine generator market. Strategic alliances are likely to allow companies to strengthen market position as well as enhance their nuclear turbine generator offerings to end-users. Key participants in the global nuclear turbine generator market include General Electric, Alstom Power, Westinghouse Electric Company LLC, Doosan Heavy Industries & Construction Co., Ltd., and Toshiba Corporation. The report also profiles market players such as Mitsubishi Heavy Industries, Ltd. (MHI), Bharat Heavy Electricals Limited (BHEL), Hitachi, Ltd., The Babcock & Wilcox Company, and OJSC Power Machines.

 

 

Chapter 1 Preface

1.1 Report Description

1.2 Research Scope

1.3 Market Segmentation

1.4 Research Methodology

 

Chapter 2 Executive Summary

 

Chapter 3 Global Nuclear Turbine Generator Market – Industry Analysis

3.1 Introduction

3.2 Value Chain Analysis

3.3 Market Dynamics

       3.3.1 Market Drivers

                3.3.1.1 Increasing global demand for power coupled with nuclear expansion worldwide

                3.3.1.2 Environmental concerns in power generation from fossil fuels supplemented by increasing prices of fossil fuels

                3.3.1.3 New installations of nuclear reactor are expected to augment market growth

       3.3.2 Market Restraints

                3.3.2.1 Steam generator operating challenges such as stress corrosion cracking can hamper market growth

                3.3.2.2 Anti-nuclear energy policy and negative public opinion over nuclear power development after Fukushima Daiichi nuclear disaster can pose a threat to market growth

       3.3.3 Market Opportunity

                3.3.3.1 High potential in Europe’s nuclear turbine generator market

3.4 Porter’s Five Forces Analysis

       3.4.1 Bargaining Power of Suppliers

       3.4.2 Bargaining Power of Buyers

       3.4.3 Threat from Substitutes

       3.4.4 Threat from New Entrants

       3.4.5 Degree of Competition

3.5 Market Attractiveness Analysis

3.6 Company Market Share Analysis

       3.6.1 Global Nuclear Turbine Generator Company Market Share Analysis, 2013

 

Chapter 4 Global Nuclear Turbine Generator Market – Product Segment Overview

4.1 Global Nuclear Turbine Generator Market: Product Segment Overview

       4.1.1 Global Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

4.2 Nuclear Turbine

       4.2.1 Global Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

4.3 Nuclear Generator

       4.3.1 Global Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

 

Chapter 5 Global Nuclear Turbine Generator Market – Regional Analysis

5.1 Global Nuclear Turbine Generator Market: Regional Overview

       5.1.1 Global Nuclear Turbine Generator Market Cumulative Demand Estimates and Forecast, by Region, 2013 & 2020 (Units)

       5.1.2 Global Nuclear Turbine Generator Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

5.2 North America

       5.2.1 North America Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

               5.2.1.1 North America Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

               5.2.1.2 North America Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

5.3 Europe

       5.3.1 Europe Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

                5.3.1.1 Europe Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

                5.3.1.2 Europe Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

5.4 Asia Pacific

       5.4.1 Asia Pacific Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

               5.4.1.1 Asia Pacific Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

               5.4.1.2 Asia Pacific Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

5.5 Rest of the World (RoW)

       5.5.1 Rest of the World (RoW) Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

                5.5.1.1 Rest of the World (RoW) Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

                5.5.1.2 Rest of the World (RoW) Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

 

Chapter 6 Company Profiles

6.1 Alstom Power

       6.1.1 Company Overview

       6.1.2 Financial Overview

       6.1.3 Product Portfolio

       6.1.4 Business Strategies

       6.1.5 SWOT Analysis

       6.1.6 Recent Developments

6.2 Bharat Heavy Electricals Limited (BHEL)

       6.2.1 Company Overview

       6.2.2 Financial Overview

       6.2.3 Product Portfolio

       6.2.4 Business Strategies

       6.2.5 SWOT Analysis

       6.2.6 Recent Developments

6.3 Doosan Heavy Industries & Construction Co., Ltd.

       6.3.1 Company Overview

       6.3.2 Financial Overview

       6.3.3 Product Portfolio

       6.3.4 Business Strategies

       6.3.5 SWOT Analysis

       6.3.6 Recent Developments

6.4 General Electric

       6.4.1 Company Overview

       6.4.2 Financial Overview

       6.4.3 Product Portfolio

       6.4.4 Business Strategies

       6.4.5 SWOT Analysis

       6.4.6 Recent Developments

6.5 Hitachi, Ltd.

       6.5.1 Company Overview

       6.5.2 Financial Overview

       6.5.3 Product Portfolio

       6.5.4 Business Strategies

       6.5.5 SWOT Analysis

       6.5.6 Recent Developments

6.6 Mitsubishi Heavy Industries, Ltd. (MHI)

       6.6.1 Company Overview

       6.6.2 Financial Overview

       6.6.3 Product Portfolio

       6.6.4 Business Strategies

       6.6.5 SWOT Analysis

       6.6.6 Recent Developments

6.7 OJSC Power Machines

       6.7.1 Company Overview

       6.7.2 Financial Overview

       6.7.3 Product Portfolio

       6.7.4 Business Strategies

       6.7.5 SWOT Analysis

       6.7.6 Recent Developments

6.8 The Babcock & Wilcox Company

       6.8.1 Company Overview

       6.8.2 Financial Overview

       6.8.3 Product Portfolio

       6.8.4 Business Strategies

       6.8.5 SWOT Analysis

       6.8.6 Recent Developments

6.9 Toshiba Corporation

       6.9.1 Company Overview

       6.9.2 Financial Overview

       6.9.3 Product Portfolio

       6.9.4 Business Strategies

       6.9.5 SWOT Analysis

       6.9.6 Recent Developments

6.10 Westinghouse Electric Company LLC

       6.10.1 Company Overview

       6.10.2 Financial Overview

       6.10.3 Product Portfolio

       6.10.4 Business Strategies

       6.10.5 SWOT Analysis

       6.10.6 Recent Developments

List of Figures 

 

FIG. 1 Global Nuclear Turbine Generator Market: Market Segmentation

FIG. 2 Global Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 3 Value Chain Analysis of Global Nuclear Turbine Generator Market

FIG. 4 Global Power Consumption, 2012 – 2020 (Mtoe)

FIG. 5 Global Carbon Dioxide (CO2) Emissions, by Fuel Type, 2013-2025 (USD/Billion Metric Tons)

FIG. 6 Prices of Coal Australia, 2013 – 2025 (USD/ Metric Ton)

FIG. 7 Global Nuclear Turbine Generator Market: Porter’s Five Forces Analysis

FIG. 8 Market Attractiveness Analysis of Global Nuclear Turbine Generator Market, by Regional Segment, 2013

FIG. 9 Company Market Share of the Global Nuclear Turbine Generator Market, 2013

FIG. 10 Global Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 11 Global Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 12 Global Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 13 Global Nuclear Turbine Generator Market Cumulative Demand Estimates and Forecast, by Region, 2013 & 2020 (Units)

FIG. 14 Global Nuclear Turbine Generator Market Revenue Estimates and Forecast, by Region, 2013 & 2020 (USD Million)

FIG. 15 North America Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 16 North America Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 17 North America Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 18 Europe Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 19 Europe Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 20 Europe Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 21 Asia Pacific Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 22 Asia Pacific Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 23 Asia Pacific Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 24 Rest of the World (RoW) Nuclear Turbine Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 25 Rest of the World (RoW) Nuclear Turbine Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

FIG. 26 Rest of the World (RoW) Nuclear Generator Market Cumulative Demand and Revenue Estimates and Forecast, 2012 – 2020 (Units), (USD Million)

List of Tables

 

TABLE 1 Global Nuclear Turbine Generator Market Snapshot

TABLE 2 Market Drivers of Global Nuclear Turbine Generator Market: Impact Analysis

TABLE 3 Market Restraints of Global Nuclear Turbine Generator Market: Impact Analysis

TABLE 4 Market Opportunity of Global Nuclear Turbine Generator Market: Impact Analysis

Nuclear turbine is an essential component of a nuclear turbine island. For the pressurized water reactor, the usual design of the steam turbine entails an in-line combination of three low-pressure turbines and one high-pressure turbine. The turbines are designed as double flow system, with steam entering at the center and flowing to the ends. The steam passes through the control stage and a number of reaction stages, converting thermal energy to mechanical energy. The high moisture content in the steam exiting the high-pressure turbine usually reduces on passing through the stages of reheat and moisture separation. The low-pressure turbine is provided with moisture separator-reheater (MSR) units in parallel. After passing though the moisture separator section, the wet steam returns to steam generators.

 

The nuclear generator works on the principle of heat exchange. It converts water into steam by using heat produced in the core of the nuclear reactor and subsequently extracting the heat from the reactor’s cooling system and transferring it to the secondary side of the tubes, which contain the secondary coolant. Nuclear generators are used in pressurized water reactors (PWRs) between primary and secondary coolant loop. Presently, there are nearly 435 operational nuclear reactors, with almost 71 nuclear reactors under consideration across the globe. Increasing number of new installations of nuclear reactors is further accelerating the demand for both nuclear turbines and nuclear generators globally.

 

The research on the global nuclear turbine generator market is designed to estimate, analyze and forecast the market revenue of the global nuclear turbine generator market. The research provides an in-depth analysis of the total demand and market revenue of the global nuclear turbine generator market. This research study on nuclear turbine generators covers the key product segments of the nuclear turbine generator market. Based on products, the market has been segmented into nuclear turbine and nuclear generator. The market study on nuclear turbine generator also provides historical data, detailed analysis and statistically refined forecast for products and geographical segments covered in the report.

 

The market size has been estimated on the basis of indicators in the nuclear turbine and nuclear generator industry. Furthermore, the market size for nuclear turbine generator has been calculated considering the demand for nuclear turbines and nuclear generators. The study provides detailed analysis and forecast of the nuclear turbine generator market on a global and regional level from 2014 to 2020.

 

On the global level, the nuclear turbine generator market has been estimated based on the demand and market revenue for nuclear turbines and nuclear generators from 2014 to 2020. For in-depth understanding of the nuclear turbine generator market at the regional level, market growth has been forecast in terms of demand (units) and market revenue (USD Million). The nuclear turbine generator market has been regionally segmented into North America, Europe, Asia Pacific and Rest of the World (RoW).

 

The nuclear turbine generator market research report includes market drivers, market restraints and market opportunities as also their impact on the growth of the global nuclear turbine generator market over the forecast period. Furthermore, the study on nuclear turbine generators encompasses opportunities for market growth at the global and regional level. In order to compile the report, we conducted in-depth primary interviews and discussions with numerous key industry opinion leaders and participants. Primary research represents the bulk of our research efforts coupled with extensive secondary research. We also reviewed the key players’ product portfolio, annual reports, press releases and relevant documents for competitive analysis and better understanding of the global nuclear turbine generator market. Secondary research includes in-depth research on current trends, internet sources, trade journals, technical writing and statistical data from associated approach for obtaining concise data, capturing industry participants’ insights and recognizing growth opportunities. 

 

The report provides a detailed analysis of various factors influencing the global nuclear turbine generator market by employing Porter’s five forces analysis. The analysis sheds light on the bargaining power of buyers and suppliers, the threat from substitutes and new entrants, and the degree of competition in the global nuclear turbine generator market. The study analyzes the value chain of the global nuclear turbine generator market. Moreover, the study comprises a market attractiveness analysis, wherein numerous applications are benchmarked based on their market size, growth rate and general attractiveness.

 

Profiles of leading companies have been provided in the global nuclear turbine generator market report, along with the detailed analysis of their market share. The study also features profiles of leading global nuclear turbine generator companies such as General Electric, Alstom Power, Westinghouse Electric Company LLC, Doosan Heavy Industries & Construction Co., Ltd., and Toshiba Corporation. Furthermore, the report also profiles market players such as Mitsubishi Heavy Industries, Ltd. (MHI), Bharat Heavy Electricals Limited (BHEL), Hitachi, Ltd., The Babcock & Wilcox Company, and OJSC Power Machines. 

 

The global nuclear turbine generator market has been segmented as below:

 

  • Global Nuclear Turbine Generator Market: Product Segment

    • Nuclear Turbine
    • Nuclear Generator
  • Global Nuclear Turbine Generator Market: Regional Analysis

    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW) 


 
 
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