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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.

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) 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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