Nuclear Turbine Generator Market: Snapshot
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 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.
According to the report by TMR, the global nuclear turbine generators market estimating it to report an impressive CAGR of 12.0% during the period from 2014 to 2020 and reach US$15.61 bn by the end of the forecast period from the value of US$7.0 bn in 2013.
Rise in Installation of New Nuclear Reactors to be Beneficial for Growth
Based on product, the markets for nuclear turbines and nuclear generators are the main segments of the global market. The rise in the installation of new nuclear reactors across the world has propelled the demand for nuclear turbines in the global arena. Currently, there are approximately 435 operational nuclear reactors around the world, whereas the installation of 71 new nuclear reactors is just round the corner, notes the study.
High Adoption of Nuclear Turbine Generators from Russia to Influence Growth
On the regional front, the report segments the global nuclear turbine generator market into North America, Asia Pacific, Europe, and the Rest of the World. Of these, Europe has emerged as the leading regional market. Analysts anticipate this market to exhibit a significant growth rate over the forecast period owing to the expected installation of new nuclear turbine generators, especially in Russia.
Asia Pacific holds the second position in this market and is closely followed by North America. The increasing installation of new nuclear turbine generators in India, South Korea, and China is stimulating the Asia Pacific nuclear turbine generators market significantly.
North America has also shown impressive growth in the global market for nuclear turbine generators in recent times. At present, the U.S. leads the North America nuclear turbine generators market in terms of demand. However, the decline in gas prices has negatively impacted some of the existing as well as new nuclear turbine generator projects in North America, causing the market’s growth to plummet.
The global market for nuclear turbine generators is concentrated in nature. Some of the major players operating in this market are Westinghouse Electric Co. LLC, Toshiba Corp., The Babcock & Wilcox Co., OJSC Power Machines, Mitsubishi Heavy Industries Ltd., Hitachi Ltd., General Electric, Doosan Heavy Industries & Construction Co. Ltd., Bharat Heavy Electricals Ltd., and Alstom Power, states the research report. 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.
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 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
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)
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Nuclear Turbine Generator Market
*86 figures and 60 tables includes