Figure 1. Research Method Flow Chart 9
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 12
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2020-2027 14
Figure 4. Europe Nuclear Reactor Construction Market, 2017-2027, $ mn 16
Figure 5. Number of Operable Nuclear Reactors Worldwide, 1970-2020 17
Figure 6. Impact of COVID-19 on Business 23
Figure 7. Primary Drivers and Impact Factors of Europe Nuclear Reactor Construction Market 25
Figure 8. Worldwide Nuclear Electricity Production, TWh, 1970-2019 27
Figure 9. Worldwide Nuclear Generation by Country, TWh, 2019 28
Figure 10. World Nuclear Electricity Production by Region, 2019, % 29
Figure 11. Primary Restraints and Impact Factors of Europe Nuclear Reactor Construction Market 30
Figure 12. Investment Opportunity Analysis 34
Figure 13. Porter’s Fiver Forces Analysis of Europe Nuclear Reactor Construction Market 37
Figure 14. Breakdown of Europe Nuclear Reactor Construction Market by Offering, 2020-2027, % of Revenue 41
Figure 15. Contribution to Europe 2021-2027 Cumulative Revenue by Offering, Value ($ mn) and Share (%) 42
Figure 16. Europe Nuclear Reactor Construction Market: Equipment, 2017-2027, $ mn 43
Figure 17. Europe Nuclear Reactor Construction Market: Installation Service, 2017-2027, $ mn 44
Figure 18. Breakdown of Europe Nuclear Reactor Construction Market by Reactor Type, 2020-2027, % of Revenue 45
Figure 19. Contribution to Europe 2021-2027 Cumulative Revenue by Reactor Type, Value ($ mn) and Share (%) 46
Figure 20. Number of World Nuclear Reactors by Type, 2019 47
Figure 21. Number of World Nuclear Reactors under Construction by Type, 2019 47
Figure 22. Europe Nuclear Reactor Construction Market: Pressurized Water Reactor (PWR), 2017-2027, $ mn 48
Figure 23. Europe Nuclear Reactor Construction Market: Boiling Water Reactor (BWR), 2017-2027, $ mn 49
Figure 24. Europe Nuclear Reactor Construction Market: Pressurized Heavy Water Reactor (PHWR), 2017-2027, $ mn 50
Figure 25. Europe Nuclear Reactor Construction Market: High-temperature Gas Cooled Reactor (HTGCR), 2017-2027, $ mn 51
Figure 26. Europe Nuclear Reactor Construction Market: Liquid Metal Fast Breeder Reactor (LMFBR), 2017-2027, $ mn 52
Figure 27. Breakdown of Europe Nuclear Reactor Construction Market by Construction Type, 2020-2027, % of Revenue 53
Figure 28. Contribution to Europe 2021-2027 Cumulative Revenue by Construction Type, Value ($ mn) and Share (%) 54
Figure 29. Europe Nuclear Reactor Construction Market: New Construction, 2017-2027, $ mn 55
Figure 30. Europe Nuclear Reactor Construction Market: Reactor Upgrade, 2017-2027, $ mn 56
Figure 31. Breakdown of European Nuclear Reactor Construction Market by Country, 2020 and 2027, % of Revenue 58
Figure 32. Contribution to Europe 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%) 59
Figure 33. Nuclear Reactor Construction Market in UK, 2017-2027, $ mn 60
Figure 34. Nuclear Reactor Construction Market in France, 2017-2027, $ mn 62
Figure 35. Nuclear Reactor Construction Market in Germany, 2017-2027, $ mn 64
Figure 36. Nuclear Reactor Construction Market in Ukraine, 2017-2027, $ mn 66
Figure 37. Nuclear Reactor Construction Market in Sweden, 2017-2027, $ mn 68
Figure 38. Nuclear Reactor Construction Market in Russia, 2017-2027, $ mn 70
Figure 39. Nuclear Reactor Construction Market in Rest of Europe, 2017-2027, $ mn 72
Figure 40. Growth Stage of Europe Nuclear Reactor Construction Industry over the Forecast Period 74
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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