North America Nuclear Reactor Construction Market 2020-2027

North America nuclear reactor construction market is expected to grow by 2.7% annually in the forecast period and reach $6,072.0 million by 2027 driven by technological advancement and growing need to replace fossil fuels with renewable energy sources. 

Nuclear generation is among one of the most consistent ways of producing electricity along with decreased carbon emission. Additionally, it delivers the long-term certainty over electricity costs. The nuclear reactor construction market is projected to register significant growth throughout the forecast period, primarily owing to the uptake in the nuclear power plant construction projects from 2020.The North America nuclear reactor construction market is moderately consolidated. Factors such as a large number of reactors with age exceeding 30 years and shift of energy generation from oil and gas towards nuclear energy are expected to be major drivers driving the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern nuclear power plants, has been a significant factor for the growth of the North America nuclear reactor construction market. However, renewable sources of energy making nuclear power uneconomical has somewhat hampered the growth of the market. The pressurized water reactor has dominated the market in recent years and is expected to dominate the market in the forecast period, owing to factors like low cost operating reactor, as both the coolant and the moderator used in the reactor is light water and relatively higher controllable and safer nature of the reactor. United States is expected to dominate the market, over rising concerns over pollution from energy plants based on coal and rising electricity demand. The country is the largest electricity generator from nuclear power plants in the region and produced 849.6 TWh of electricity from its nuclear power plants. The pressurized water reactor nuclear reactor sector has dominated the market in the past and is expected to do so in the forecast period too. The reactor is the most popular form of the nuclear reactor due to its higher control and safety compared to other forms of reactors. PWR has some advantages over other reactors that make it the most used nuclear reactor in the globe. PWR reactors are low cost operating reactor, as both the coolant and the moderator used in the reactor is light water, which is cheaper than other kinds of coolant, like heavy water. With less fissile material in the core reactor, chances of additional fission reaction reduce, that makes the reactors to have only the required temperature and reduce the chances of facing any kind of unfavorable conditions, thus making the reactor safer and controllable. Lastly, PWR has separate loops for water and nuclear reaction. This reduces the chances of water contamination with radioactive material. United States have the maximum number of pressurized water reactor at 64 with a combined capacity of 64.75 GWe. Therefore, the aforementioned factors are expected to drive the market in the forecast period. The United States has dominated the nuclear reactor construction market in 2018 in the region and is expected to continue its dominance in the coming years as well. The country has been very active in the sector in recent years in a bid to reduce dependence on coal-based power plants. In 2018 the United States produced over 27% of its electricity from coal. The Nuclear Energy Renewal Act was introduced in the Senate. The NERA directs the Secretary of the Department of Energy (DOE) to establish and enhance programmes to help reduce the operation and maintenance costs of United States nuclear power plants, expand advanced modelling and simulation tools, and bolster research and development. The United States government is also preparing a new push to help American companies compete in the race to build the next generation of nuclear power plants. This push is due to the increasing The large and organized players in the North America Nuclear reaction construction market are effectively opting the policies of enlargement such as amalgamation, new product development, partnership, joint venture, merger and acquisition and several others for generating the high percentage of revenuecompetition from the Russian and Chinese countries for being the biggest exporter of the nuclear energy. Hence, with the upcoming nuclear power projects, and the government support for nuclear energy generation, the nuclear reactor construction market is expected to be on the positive side for United States during the forecast period.

Highlighted with 21 tables and 36 figures, this 85-page report “North America 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 Country: Trend Outlook and Growth Opportunity” is based on a comprehensive research of the entire North America 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 North America 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 North America nuclear reactor construction market in every aspect of the classification from perspectives of Offering, Reactor Type, Construction Type, and Country.

Based on Offering, the North America 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 North America 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 North America 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 national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown 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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Manmayi Raval

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