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Global Nuclear Steam Generator Market to reach USD XX billion by the end of 2030.

Global Nuclear Steam Generator Market Size study & Forecast, by Design (Horizontal, Vertical) by Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor, Boiling Water Reactor and Others) and Regional Analysis, 2023-2030

Product Code: EPPGS-80513146
Publish Date: 10-06-2023
Page: 200

Global Nuclear Steam Generator Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. A nuclear steam generator is a component used in pressurized water reactors (PWRs) to transfer heat from the primary coolant, which circulates through the reactor core, to the secondary coolant, which produces steam to drive the turbine-generator set. The Nuclear Steam Generator Market is expanding because of factors such as increasing demand for electricity and the rising number of nuclear power plants across the globe.

The rising adoption of electricity generation through nuclear power and the rising construction of nuclear power plants across the world is driving the market growth. According to International Automatic Energy, the world nuclear-generating capacity to double to 792 gigawatts (net electrical) by 2050 from 393 GW by the year 2021. Along with these, in the year 2022, India Government plans to construct, 20 nuclear power plants by the year 2031, these plants would be generating nearly 15,000 MW in power generating capacity, Thus the development of nuclear power plants and rising electricity generation through nuclear power plants is driving the market growth. In addition, rising technological advancement and rising funding for renewable energy generation is creating a lucrative opportunity for the market. The successful launch of this Design may provide patients with an alternative option. However, the high cost of Nuclear Steam Generator and safety risks associated with renewables stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Nuclear Steam Generator Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to rising government initiatives for the development of nuclear power plants, and rising investment in renewable energies. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising development and construction projects for nuclear power plants in the region and government support to the industry.

Major market player included in this report are:
Mitsubishi Heavy Industries Ltd
Westinghouse Electric Company LLC
Bharat Heavy Electricals Limited
Hitachi-GE Nuclear Energy Ltd
BWX Technologies Inc.
Bilfinger SE
Larsen & Toubro Limited
Doosan Corp
Babcock & Wilcox Enterprises Inc.
Toshiba America Energy Systems Corporation

Recent Developments in the Market:
Ø In May 2022, GE Steam Power and BHEL agreed to a contract of USD 165 million for the supply of three of the six nuclear steam turbines needed for NPCIL’s domestic nuclear programme, phase 1, which is being built in Gorakhpur, Haryana (units 1 through 4 (GHAVP)), and Kaiga, Karnataka (Kaiga-5&6).

Global Nuclear Steam Generator Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Design, Reactor Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Design offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Design:

By Reactor Type:
Pressurized Water Reactor (PWR)
Pressurized Heavy Water Reactor
Boiling Water Reactor

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Nuclear Steam Generator Market, by Region, 2020-2030 (USD Billion)
1.2.2. Nuclear Steam Generator Market, by Design, 2020-2030 (USD Billion)
1.2.3. Nuclear Steam Generator Market, by Reactor Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Nuclear Steam Generator Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Nuclear Steam Generator Market Dynamics
3.1. Nuclear Steam Generator Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for electricity Rising number of nuclear power plant
3.1.2. Market Challenges High Cost of Nuclear Steam Generator Fewer safety risks associated with renewables.
3.1.3. Market Opportunities Rising technological advancement Rising funding for renewable energy generation
Chapter 4. Global Nuclear Steam Generator Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Nuclear Steam Generator Market, by Design
5.1. Market Snapshot
5.2. Global Nuclear Steam Generator Market by Design, Performance – Potential Analysis
5.3. Global Nuclear Steam Generator Market Estimates & Forecasts by Design 2020-2030 (USD Billion)
5.4. Nuclear Steam Generator Market, Sub Segment Analysis
5.4.1. Horizontal
5.4.2. Vertical
Chapter 6. Global Nuclear Steam Generator Market, by Reactor Type
6.1. Market Snapshot
6.2. Global Nuclear Steam Generator Market by Reactor Type, Performance – Potential Analysis
6.3. Global Nuclear Steam Generator Market Estimates & Forecasts by Reactor Type 2020-2030 (USD Billion)
6.4. Nuclear Steam Generator Market, Sub Segment Analysis
6.4.1. Pressurized Water Reactor (PWR)
6.4.2. · Pressurized Heavy Water Reactor
6.4.3. · Boiling Water Reactor
6.4.4. · Others
Chapter 7. Global Nuclear Steam Generator Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Nuclear Steam Generator Market, Regional Market Snapshot
7.4. North America Nuclear Steam Generator Market
7.4.1. U.S. Nuclear Steam Generator Market Design breakdown estimates & forecasts, 2020-2030 Reactor Type breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Nuclear Steam Generator Market
7.5. Europe Nuclear Steam Generator Market Snapshot
7.5.1. U.K. Nuclear Steam Generator Market
7.5.2. Germany Nuclear Steam Generator Market
7.5.3. France Nuclear Steam Generator Market
7.5.4. Spain Nuclear Steam Generator Market
7.5.5. Italy Nuclear Steam Generator Market
7.5.6. Rest of Europe Nuclear Steam Generator Market
7.6. Asia-Pacific Nuclear Steam Generator Market Snapshot
7.6.1. China Nuclear Steam Generator Market
7.6.2. India Nuclear Steam Generator Market
7.6.3. Japan Nuclear Steam Generator Market
7.6.4. Australia Nuclear Steam Generator Market
7.6.5. South Korea Nuclear Steam Generator Market
7.6.6. Rest of Asia Pacific Nuclear Steam Generator Market
7.7. Latin America Nuclear Steam Generator Market Snapshot
7.7.1. Brazil Nuclear Steam Generator Market
7.7.2. Mexico Nuclear Steam Generator Market
7.8. Middle East & Africa Nuclear Steam Generator Market
7.8.1. Saudi Arabia Nuclear Steam Generator Market
7.8.2. South Africa Nuclear Steam Generator Market
7.8.3. Rest of Middle East & Africa Nuclear Steam Generator Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Mitsubishi Heavy Industries Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Westinghouse Electric Company LLC
8.3.3. Bharat Heavy Electricals Limited
8.3.4. Hitachi-GE Nuclear Energy Ltd
8.3.5. BWX Technologies Inc.
8.3.6. Bilfinger SE
8.3.7. Larsen & Toubro Limited
8.3.8. Doosan Corp
8.3.9. Babcock & Wilcox Enterprises Inc.
8.3.10. Toshiba America Energy Systems Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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