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Nuclear Reactor Construction Market Share

Report ID: GMI7805
Published Date: Jan 2024
Report Format: PDF

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Nuclear Reactor Construction Market Share

Major players operating in the nuclear reactor construction industry are:

Atkins
China National Nuclear Corporation
Framatome
GE Hitachi Nuclear Energy
Korea Electric Power Corporation
Mitsubishi Heavy Industries
Nuclear Power Corporation of India
NuScale Power
Rosatom
Siemens Energy
TerraPower
Westinghouse Electric

Key players in the market hold around 60% of the market share. The dominance of key players in the nuclear reactor construction market is attributed to their technological expertise, global presence, and extensive experience. These companies lead by investing in advanced reactor technologies, forming strategic partnerships, and participating in major nuclear projects worldwide. Their strong engineering capabilities, adherence to safety standards, and collaboration with governments contribute to their prominence, shaping the trajectory of the nuclear reactor construction business.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of nuclear reactor construction was worth USD 52.2 billion in 2023 and is estimated to witness about 1.5% CAGR between 2024 and 2032, due to the increasing need for modernization and replacements in the nuclear energy sector.

The baseload electricity generation application segment accounted for more than 50% of the nuclear reactor construction industry share in 2023 and is poised for growth through 2032, due to the strong need for consistent and reliable power supply.

Asia Pacific recorded over 30% share of the nuclear reactor construction market in 2023 and will experience significant growth from 2024 to 2032, due to the increasing energy demand, rapid urbanization, and efforts to reduce carbon emissions.

Some of the major nuclear reactor construction market players are Atkins, China National Nuclear Corporation, Framatome, GE Hitachi Nuclear Energy, Korea Electric Power Corporation, Mitsubishi Heavy Industries, and Nuclear Power Corporation of India.