Europe Nuclear Reactor Construction Market 2020-2027

Europe nuclear reactor construction market accounted for $9,369.9 million in 2020 and will grow by 2.8% annually over 2020-2027 owing to the technological advancement and growing need to replace fossil fuels with renewable energy sources. 

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 European nuclear reactor construction market. However, water scarcity and investment in the renewable energy sector 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. Russia is expected to witness significant growth in the forecast period, over rising concerns over pollution from energy plants based on coal and rising electricity demand. The pressurized water reactor (PWR) 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 nuclear reactor due to its higher control and safety compared to other forms of reactors. The country is the second largest electricity generator from nuclear power plants in the region and produced 204.5 TWh of electricity from its nuclear power plants. 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. 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. The Europe nuclear reactor construction market is moderately consolidated.

Highlighted with 31 tables and 40 figures, this 92-page report “Europe 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 Europe 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 Europe 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 Europe nuclear reactor construction market in every aspect of the classification from perspectives of Offering, Reactor Type, Construction Type, and Country.

Based on Offering, the Europe 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 Europe 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 Europe 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:
• Germany
• UK
• France
• Ukraine
• Sweden
• Russia
• Rest of Europe (further segmented into Belgium, Czech Republic, Switzerland, Finland, Bulgaria, Hungary, Slovakia, Romania, and Belarus)
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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