Wednesday 11 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Global Nuclear Steam Generator Market: Areva Inc., Hitachi-GE Nuclear Energy Ltd., The State Atomic Energy Corp. (ROSATOM) and Westinghouse Electric Co. LLC.
Other Prominent Vendors in the market are: Atomic Energy of Canada, Bharat Heavy Electricals, KEPCO and Mitsubishi Heavy Industries.
Commenting on the report, an analyst from the report's team said: “One of the key emerging trends in the market is the advances in technology. Many countries are investing in more reliable and safer nuclear reactors such as generation III plus reactors.”
According to the report, one of the main drivers in this market is the increased global replacement demand for steam generators. With the increase in safety concerns and the need for optimal operations of nuclear reactors, the chances of SG replacements in the future are high.
Further, the report states that one of the major challenges confronting the market is the high cost of installation. The installation cost of nuclear power plants is higher than the installation cost of other conventional and renewable energy technologies. Many investors are reluctant to invest in NPPs because of the high capital requirement, which in turn is hampering the market growth.
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.