The Global Nuclear Reactor Construction Market is expected to grow at a CAGR of 2.72 percent during 2013-2018.
A nuclear power reactor converts heat produced by a nuclear fission reaction into electricity, using uranium as a fuel. The heat generated inside the nuclear reactor from the nuclear fission reactor is used to convert water into steam, which drives the turbo generator and produces electricity.
“One of the key trends in the market is the development of next-generation nuclear reactors. Developing countries such as Russia, China, and India are investing heavily in the development of Generation IV reactors,” says Faisal Ghaus, Vice President of TechNavio.
“Generation IV reactors are technologically more advanced than the conventional nuclear reactors. These advanced nuclear reactors help in reducing nuclear waste and making efficient use of uranium resources.”
Key Market Drivers
Increase in Investment
Rise in Energy Demand
Cheap Source of Electricity
Key Market Trends
Development of Next-generation Nuclear Reactors
Rise in Nuclear Reactor Constructions
Key Market Vendors
AREVA
Hitachi General Nuclear Energy Ltd.
Mitsubishi Heavy Industries Ltd.
Rosatom State Atomic Energy Corporation
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.