Nuclear Reactor Construction Market Size, Share Global Analysis Report, 2023–2030

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global nuclear reactor construction market size was valued around USD 27 billion in 2022 and is expected to grow around USD 35 billion by 2030 with a compound annual growth rate (CAGR) of approximately 3.78% between 2023 and 2030. The report analyzes the global nuclear reactor construction market drivers, restraints/challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the nuclear reactor construction market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Nuclear Reactor Construction industry. The report analyzes and declares the historical and current trends analysis of the Nuclear Reactor Construction industry and subsequently recommends the projected trends anticipated to be observed in the Nuclear Reactor Construction market during the upcoming years.

The nuclear reactor construction market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Nuclear Reactor Construction market. The historical and past insights are provided for FY 2020 to FY 2022 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2020 – 2030.

Key Insights from Primary Research

• According to the primary CXO’s of the global Nuclear Reactor Construction market, the market is estimated to witness a substantial growth of nearly 3.78% over the forecast period.
• The market was valued at USD 27 billion, in 2022 and is expected to be valued over USD 35 billion, 2030
• On the basis of the type segment, Pressurized Water Reactor (PWR) dominated the global Nuclear Reactor Construction market in 2022. In terms of revenue, it accounted for more than a 30% share of the total market in 2022.
• Asia Pacific market is expected to be the fastest goring region for Nuclear Reactor Construction over the forecast period owing to growing Government initiatives.
• By geography, the North America region headed the market with a share of above 31%, in 2022.

Key Recommendations from Analysts

• Higher prevalence of energy consumption, technological advances, and government initiatives are major factors that are expected to drive the development of this market in the near future.
• The strategic developments such as regional expansion, product innovations and on-going research and developments by the major companies such as China National Nuclear Corporation, Areva S.A., State Atomic Energy Corporation, etc. is likely to boom the market’s growth over the up-coming years.
• Our analysts recommend that the Asia Pacific region is predicted to witness a significant growth attributed to the growing demand for Nuclear Reactor Construction from China and India. 
• Expansion of nuclear decomissioning companies especially in emerging market is antipicated to fuel the demand for Nuclear Reactor Construction in the developing regions over the forthcoming years.
• Strengthening the distribution channel and growing availability of Nuclear Reactor Construction service may also help the major player to cater the lucrative growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Nuclear Reactor Construction industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Nuclear Reactor Construction industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Nuclear Reactor Construction market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Nuclear Reactor Construction industry. The Nuclear Reactor Construction market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Nuclear Reactor Construction sector. Key strategic developments in the Nuclear Reactor Construction market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Nuclear Reactor Construction market are appropriately highlighted in the report.

The Nuclear Reactor Construction market research report delivers an acute valuation and taxonomy of the Nuclear Reactor Construction industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030.

Report Scope

The regional segmentation of the Nuclear Reactor Construction industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Nuclear Reactor Construction industry is provided for the leading economies of the world.

Technology advances have emerged as one of the main factors driving the increase in demand for nuclear reactor construction because of the techno-economic benefits of nuclear reactor technology. In the near future, the development in nuclear reactor technology is expected to improve cash flow into the nuclear reactor construction market. With development in the economies of the Middle East and Africa (MENA), demand for electricity is on the rise. Key countries in the region are investing in energy-generation technologies based on non-fossil fuels, particularly in a small nuclear reactor, followed by a few big companies.

Saudi Arabia plans to achieve 30-50 per cent of its nuclear program's local content by 2030. Likewise, Jordan and some other countries are now in the early stages of development of nuclear power plants, which would likely provide an opportunity to broaden the region's global nuclear reactor development market during the projected period. Asia-Pacific is the fastest-growing area on the turbo-machine market and over the projected period is projected to continue to grow rapidly. North America holds the world's largest share of the market for nuclear reactor production. Nevertheless, some nuclear reactors, especially in the United States, were also shut down by political, regulatory and economic issues before their life span expired. However, the difficulty of obtaining raw materials for nuclear power generation may restrict the growth of the demand for the construction of nuclear reactors.

The Nuclear Reactor Construction market is segmented based on type and region. On the basis of type segmentation, the market is classified into Boiling Water Reactor (BWR),Pressurized Water Reactor (PWR) and others.

Some of the essential players operating in the Nuclear Reactor Construction market, but not restricted to include

• China National Nuclear Corporation
• Areva S.A.
• State Atomic Energy Corporation
• Westinghouse Electric Company LLC.
• Rosatom
• Hitachi-GE Nuclear Energy Ltd.
• Larsen & Toubro Limited
• Mitsubishi Heavy Industries Ltd.
• KEPCO

The taxonomy of the Nuclear Reactor Construction industry by its scope and segmentation is as follows:

By Type Segmentation Analysis

• Boiling Water Reactor (BWR)
• Pressurized Water Reactor (PWR)
• Antipsychotics Drugs
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa