Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027 17
Figure 4. Global Nuclear Reactor Construction Market, 2017-2027, $ mn 19
Figure 5. Number of Operable Nuclear Reactors Worldwide, 1970-2020 20
Figure 6. Impact of COVID-19 on Business 26
Figure 7. Primary Drivers and Impact Factors of Global Nuclear Reactor Construction Market 28
Figure 8. Worldwide Nuclear Electricity Production, TWh, 1970-2019 30
Figure 9. Worldwide Nuclear Generation by Country, TWh, 2019 31
Figure 10. World Nuclear Electricity Production by Region, 2019, % 32
Figure 11. Primary Restraints and Impact Factors of Global Nuclear Reactor Construction Market 33
Figure 12. Investment Opportunity Analysis 37
Figure 13. Porter’s Fiver Forces Analysis of Global Nuclear Reactor Construction Market 40
Figure 14. Breakdown of Global Nuclear Reactor Construction Market by Offering, 2020-2027, % of Revenue 44
Figure 15. Contribution to Global 2021-2027 Cumulative Revenue by Offering, Value ($ mn) and Share (%) 45
Figure 16. Global Nuclear Reactor Construction Market: Equipment, 2017-2027, $ mn 46
Figure 17. Global Nuclear Reactor Construction Market: Installation Service, 2017-2027, $ mn 47
Figure 18. Breakdown of Global Nuclear Reactor Construction Market by Reactor Type, 2020-2027, % of Revenue 48
Figure 19. Contribution to Global 2021-2027 Cumulative Revenue by Reactor Type, Value ($ mn) and Share (%) 49
Figure 20. Number of World Nuclear Reactors by Type, 2019 50
Figure 21. Number of World Nuclear Reactors under Construction by Type, 2019 50
Figure 22. Global Nuclear Reactor Construction Market: Pressurized Water Reactor (PWR), 2017-2027, $ mn 51
Figure 23. Global Nuclear Reactor Construction Market: Boiling Water Reactor (BWR), 2017-2027, $ mn 52
Figure 24. Global Nuclear Reactor Construction Market: Pressurized Heavy Water Reactor (PHWR), 2017-2027, $ mn 53
Figure 25. Global Nuclear Reactor Construction Market: High-temperature Gas Cooled Reactor (HTGCR), 2017-2027, $ mn 54
Figure 26. Global Nuclear Reactor Construction Market: Liquid Metal Fast Breeder Reactor (LMFBR), 2017-2027, $ mn 55
Figure 27. Breakdown of Global Nuclear Reactor Construction Market by Construction Type, 2020-2027, % of Revenue 56
Figure 28. Contribution to Global 2021-2027 Cumulative Revenue by Construction Type, Value ($ mn) and Share (%) 57
Figure 29. Global Nuclear Reactor Construction Market: New Construction, 2017-2027, $ mn 58
Figure 30. Global Nuclear Reactor Construction Market: Reactor Upgrade, 2017-2027, $ mn 59
Figure 31. Global Market Snapshot by Region 60
Figure 32. Geographic Spread of Worldwide Nuclear Reactor Construction Market, 2020-2027, % of Revenue 61
Figure 33. Contribution to Global 2021-2027 Cumulative Revenue by Region, Value ($ mn) and Share (%) 62
Figure 34. North American Nuclear Reactor Construction Market, 2017-2027, $ mn 65
Figure 35. Breakdown of North America Nuclear Reactor Construction Market by Country, 2020 and 2027, % of Revenue 65
Figure 36. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 66
Figure 37. U.S. Nuclear Reactor Construction Market, 2017-2027, $ mn 68
Figure 38. Canada Nuclear Reactor Construction Market, 2017-2027, $ mn 70
Figure 39. Nuclear Reactor Construction Market in Mexico, 2017-2027, $ mn 72
Figure 40. European Nuclear Reactor Construction Market, 2017-2027, $ mn 75
Figure 41. Breakdown of European Nuclear Reactor Construction Market by Country, 2020 and 2027, % of Revenue 75
Figure 42. Contribution to Europe 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 76
Figure 43. Nuclear Reactor Construction Market in UK, 2017-2027, $ mn 77
Figure 44. Nuclear Reactor Construction Market in France, 2017-2027, $ mn 79
Figure 45. Nuclear Reactor Construction Market in Germany, 2017-2027, $ mn 81
Figure 46. Nuclear Reactor Construction Market in Ukraine, 2017-2027, $ mn 83
Figure 47. Nuclear Reactor Construction Market in Sweden, 2017-2027, $ mn 85
Figure 48. Nuclear Reactor Construction Market in Russia, 2017-2027, $ mn 87
Figure 49. Nuclear Reactor Construction Market in Rest of Europe, 2017-2027, $ mn 89
Figure 50. Asia-Pacific Nuclear Reactor Construction Market, 2017-2027, $ mn 92
Figure 51. Breakdown of APAC Nuclear Reactor Construction Market by Country, 2020 and 2027, % of Revenue 92
Figure 52. Contribution to APAC 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 93
Figure 53. Nuclear Reactor Construction Market in China, 2017-2027, $ mn 94
Figure 54. Nuclear Reactor Construction Market in Japan, 2017-2027, $ mn 97
Figure 55. Nuclear Reactor Construction Market in India, 2017-2027, $ mn 99
Figure 56. Nuclear Reactor Construction Market in Pakistan, 2017-2027, $ mn 101
Figure 57. Nuclear Reactor Construction Market in South Korea, 2017-2027, $ mn 103
Figure 58. Nuclear Reactor Construction Market in Rest of APAC, 2017-2027, $ mn 105
Figure 59. South America Nuclear Reactor Construction Market, 2017-2027, $ mn 107
Figure 60. Breakdown of South America Nuclear Reactor Construction Market by Country, 2020 and 2027, % of Revenue 107
Figure 61. Contribution to South America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 108
Figure 62. Nuclear Reactor Construction Market in Argentina, 2017-2027, $ mn 109
Figure 63. Nuclear Reactor Construction Market in Brazil, 2017-2027, $ mn 111
Figure 64. Nuclear Reactor Construction Market in Colombia, 2017-2027, $ mn 113
Figure 65. Nuclear Reactor Construction Market in Rest of South America, 2017-2027, $ mn 115
Figure 66. Nuclear Reactor Construction Market in Middle East and Africa (MEA), 2017-2027, $ mn 117
Figure 67. Breakdown of MEA Nuclear Reactor Construction Market by Country, 2020 and 2027, % of Revenue 117
Figure 68. Contribution to MEA 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 118
Figure 69. Nuclear Reactor Construction Market in UAE, 2017-2027, $ mn 119
Figure 70. Nuclear Reactor Construction Market in Iran, 2017-2027, $ mn 121
Figure 71. Nuclear Reactor Construction Market in South Africa, 2017-2027, $ mn 123
Figure 72. Growth Stage of Global Nuclear Reactor Construction Industry over the Forecast Period 126
Table 1. Snapshot of Global Nuclear Reactor Construction Market in Balanced Perspective, 2020-2027 18
Table 2. World Announced Nuclear Plant Construction, 2021-2027 22
Table 3. Growth Rate of World GDP, 2020-2022 25
Table 4. Main Product Trends and Market Opportunities in Global Nuclear Reactor Construction Market 36
Table 5. Global Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 44
Table 6. Global Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 48
Table 7. Global Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 56
Table 8. Global Nuclear Reactor Construction Market by Region, 2017-2027, $ mn 61
Table 9. Leading National Nuclear Reactor Construction Market, 2020 and 2027, $ mn 63
Table 10. North America Nuclear Reactor Construction Market by Country, 2017-2027, $ mn 66
Table 11. U.S. Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 69
Table 12. U.S. Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 69
Table 13. U.S. Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 69
Table 14. Canada Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 71
Table 15. Canada Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 71
Table 16. Canada Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 71
Table 17. Mexico Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 73
Table 18. Mexico Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 73
Table 19. Mexico Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 73
Table 20. Europe Nuclear Reactor Construction Market by Country, 2017-2027, $ mn 76
Table 21. UK Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 78
Table 22. UK Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 78
Table 23. UK Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 78
Table 24. France Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 80
Table 25. France Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 80
Table 26. France Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 80
Table 27. Germany Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 82
Table 28. Germany Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 82
Table 29. Germany Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 82
Table 30. Ukraine Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 84
Table 31. Ukraine Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 84
Table 32. Ukraine Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 84
Table 33. Sweden Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 86
Table 34. Sweden Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 86
Table 35. Sweden Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 86
Table 36. Russia Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 88
Table 37. Russia Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 88
Table 38. Russia Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 88
Table 39. Nuclear Reactor Construction Market in Rest of Europe by Country, 2017-2027, $ mn 90
Table 40. APAC Nuclear Reactor Construction Market by Country, 2017-2027, $ mn 93
Table 41. China Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 95
Table 42. China Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 95
Table 43. China Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 95
Table 44. Japan Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 98
Table 45. Japan Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 98
Table 46. Japan Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 98
Table 47. India Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 100
Table 48. India Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 100
Table 49. India Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 100
Table 50. Pakistan Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 102
Table 51. Pakistan Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 102
Table 52. Pakistan Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 102
Table 53. South Korea Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 104
Table 54. South Korea Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 104
Table 55. South Korea Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 104
Table 56. South America Nuclear Reactor Construction Market by Country, 2017-2027, $ mn 108
Table 57. Argentina Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 110
Table 58. Argentina Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 110
Table 59. Argentina Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 110
Table 60. Brazil Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 112
Table 61. Brazil Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 112
Table 62. Brazil Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 112
Table 63. Colombia Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 114
Table 64. Colombia Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 114
Table 65. Colombia Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 114
Table 66. MEA Nuclear Reactor Construction Market by Country, 2017-2027, $ mn 118
Table 67. UAE Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 120
Table 68. UAE Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 120
Table 69. UAE Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 120
Table 70. Iran Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 122
Table 71. Iran Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 122
Table 72. Iran Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 122
Table 73. South Africa Nuclear Reactor Construction Market by Offering, 2017-2027, $ mn 124
Table 74. South Africa Nuclear Reactor Construction Market by Reactor Type, 2017-2027, $ mn 124
Table 75. South Africa Nuclear Reactor Construction Market by Construction Type, 2017-2027, $ mn 124
Table 76. Areva SA: Company Snapshot 130
Table 77. Areva SA: Business Segmentation 130
Table 78. Areva SA: Product Portfolio 131
Table 79. Areva SA: Revenue, 2017-2019, $ mn 131
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Global nuclear reactor construction market will reach $55.71 billion by 2027, growing by 3.9% annually over 2020-2027 driven by technological advancement and growing need to replace fossil fuels with renewable energy sources. A nuclear reactor is a device used to initiate and control sustained nuclear chain reactions. Nuclear reactors are deployed in nuclear power plants to generate electricity and for the propulsion of ships. Heat emitted from nuclear fission is passed to the working fluid, such as water or gas, to run the steam turbines. Nuclear reactors are deployed to generate isotopes utilized for medical & industrial purposes, and to produce weapons-grade plutonium. Some reactors are operated for research purposes only. The market for nuclear reactor construction is driven by the growing demand for electricity due to rapid population growth, urbanization & industrialization, and rising initiatives taken by the government. Owing to a rise in safety concerns, especially after the Fukushima nuclear disaster in Japan, countries have started investing in advanced technology, such as Generation III nuclear reactors. However, political, regulatory, and economic considerations have also closed some nuclear reactors before the expiration of their life span, especially in the U.S. In addition, difficulty in obtaining raw materials to generate nuclear energy may restrain the growth of nuclear reactor construction market. The global nuclear reactor construction market is moderately concentrated due to few companies operating in the industry because of the complex technology. Moreover, globally there is a large number of reactors with age exceeding 30 years, which is likely to drive the market over the forecast period. However, the low initial cost of setting up and higher safety of renewable creates an additional demand for renewables to generate electricity which is likely to restrain the growth of the market during the forecast period. The technological advancements have emerged as one of the major factors driving the growth of the nuclear reactor construction market, due to the techno-economic benefits associated with the nuclear reactor technology. The development of nuclear reactor technologies is expected to increase the influx of money in the nuclear reactor construction business in the near future.With the growth in the economies of the Middle East And Africa (MENA), electricity demand is increasing. Major countries in the region accompanied by a few major companies are investing in the non-fossil fuel-based power generation technologies, especially in a small nuclear reactor. Saudi Arabia plans to achieve 30-50% of local content for its nuclear program before 2030. Similarly, Jordan and a few more countries are in the initial phase of nuclear power plant construction which is likely to provide an opportunity to grow the global nuclear reactor construction market in the region after the forecast period. Asia-Pacific holds the fastest-growing region in the turbo-machinery market and is expected to fastly grow further during the forecast period. North America Holds the largest share in the global nuclear reactor construction market. In the wake of growing environmental concerns and surging demand for power, nuclear power generation has become the most dependable option that can cater to the requirements of electricity and offset greenhouse gas emissions. The nuclear power generation is a clean power technology, which can meet the increasing demand for electricity efficiently.
The technology advancement in the industry of nuclear reactor provides better fuel utilisation and increase life span up to 60 years which further can be increased. The new small nuclear turbine is being used in many countries for its low maintenance and guaranteed power supply features. Furthermore, the nuclear reactors which have exceeded 30 years of age are generally not so cost-effective and generally equipped with outdated equipment. Therefore, the countries are trying to replace them with new constructs.North America has a strong focus on nuclear power. The United States and Canada are focusing on nuclear power plant life extension while discovering the potential for small modular reactors. When looking at nuclear power in North America, the United States operates the largest fleet of nuclear power reactors in the world, with 98 units in almost 30 states generating almost 20% of the country’s electricity generation. In June 2021, the construction of unit 5 of the Kudankulam nuclear power plant has formally begun with the pouring of the first concrete for the foundation plate of the reactor building at the site in Tamil Nadu, India.
COVID-19 Impact
The pandemic affected the Nuclear construction market moderately as the construction of new nuclear plants was slowed down in the pandemic because of the issue in human resource and travel restrictions along with lockdowns. The pandemic in turn also had a positive effect in the market with countries around the world realising that nuclear energy generation is more consistent compared to the energy generated by non-renewable sources.
Highlighted with 79 tables and 72 figures, this 144-page report “Global Nuclear Reactor Construction Market 2020-2027 by Offering (Equipment, Installation Service), Reactor Type (PWR, BWR, PHWR, HTGCR, LMFBR), Construction Type (New Construction, Reactor Upgrade), and Region: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire global nuclear reactor construction market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate/forecast from 2020 till 2027 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global nuclear reactor construction market in every aspect of the classification from perspectives of Offering, Reactor Type, Construction Type, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Equipment
• Installation Service
Based on Reactor Type, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• Pressurized Water Reactor (PWR)
• Boiling Water Reactor (BWR)
• Pressurized Heavy Water Reactor (PHWR)
• High-temperature Gas Cooled Reactor (HTGCR)
• Liquid Metal Fast Breeder Reactor (LMFBR)
Based on Construction Type, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
• New Construction
• Reactor Upgrade
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Pakistan, India, and Rest of APAC)
• Europe (Germany, UK, France, Ukraine, Sweden, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Czech Republic, Switzerland, Finland, Bulgaria, Hungary, Slovakia, Romania, and Belarus)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Colombia, Argentina, Rest of South America)
• MEA (UAE, Iran, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Offering, Reactor Type, and Construction Type over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Players (this may not be a complete list and extra companies can be added upon request):
Areva SA
Bilfinger SE
China National Nuclear Corporation
Dongfang Electric Corporation Limited
Doosan Heavy Industries & Construction Co. Ltd.
GE-Hitachi Nuclear Energy Inc.
KEPCO Engineering & Construction
Larsen & Toubro Limited
Mitsubishi Heavy Industries Ltd
Shanghai Electric Group Company Limited
Siemens AG
ŠKODA JS a.s.
Westinghouse Electric Company LLC (Toshiba)
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
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