The Key Players in Global Nuclear Reactor Construction Market 2015-2019

Wednesday 29 July 2015, Amsterdam

The report recognizes the following companies as the key players in the Global Nuclear Reactor Construction Market: Areva Group, CNNC, State Atomic Energy Corporation, Rosatom and L&T

Other Prominent Vendors in the market are: Hitachi GE Nuclear Energy, Mitsubishi Heavy Industries and Westinghouse Electric.

Commenting on the report, an analyst said: “Governments across countries such as India, the US, and the UK, among others, are increasingly focusing on investment in R&D in nuclear power. Also, leading nuclear power plant manufacturers are also investing highly in R&D. Furthermore, India, China, Russia, and South Korea are investing highly toward the development of advanced nuclear reactors, particularly Generation IV reactors”

According to the report, rise in construction of nuclear reactors is one of the key factors driving the market. Developing countries are relying more on nuclear energy for electricity generation compared to any other sources of electricity such as renewable energy.

Further, the report states that delay and cost overrun is one of the major challenges faced by the industry at large. Any delay in the project may lead to an additional cost of over $1 billion. Therefore, any delay in project commencement leads to cost escalation, which in turn is hampering the ROI of manufacturers.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.