06-Mar-2020 | Facts and Factors
Facts and Factors has authored “Nuclear valves Market By Type (Globe Valve, Ball Valve, Butterfly Valves, Gate Valves, Diaphragm Valves, and Others) and By Application (NuclearIsland, Convention Island, Balance of Plant): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”. Based on our analysis, the global nuclear valves market in 2019 is approximately USD 1631 Million and is anticipated to reach around USD 2800 Million by 2026. The anticipated CAGR for the nuclear valves market is around 8% from 2020 to 2026.
Valves are the mechanical devices that help in regulating the flow pressure and controlling the direction of the flow of fluids within the system, either by opening or partially obstructing passageways. Valves are the essentials of a piping system that are majorly used in residential and commercial industries.
Browse the full “Nuclear valves Market By Type (Globe Valve, Ball Valve, Butterfly Valves, Gate Valves, Diaphragm Valves, and Others) and By Application (NuclearIsland, Convention Island, Balance of Plant): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/nuclear-valves-market-by-type-globe-valve-ball-659
Valves play a significant role in nuclear power plants, as plants use several control parameters for generating power. For instance, safety valves are used at nuclear power plants to prevent the scattering of the radioactive substance into the environment. The valve especially used in nuclear power plants is thus known as nuclear valves. An increase in capacities of nuclear plants owing to renovation and up-gradation of existing plants is fueling the demand of nuclear valves. Further, increasing the need to isolate pumps & equipment and to control feed flow will raise the requirement for nuclear valves. Thereby, certain factors will support the growth of the nuclear valve market globally.
The global nuclear valve market has been fragmented based on type and application. On the basis of type, the market has been classified into globe valve, ball valve, butterfly valves, gate valves, and diaphragm valves, among others. Each of these types has several models, each with distinct functional capabilities and features. The high demand for globe valve and ball valves is majorly driving the growth of the global nuclear valve market. It is due to the globe valve's flow pattern that enables to resist the flow highly and change the direction of flow. As a result, it helps in on-off service or controlling the fluids in the amount and volume between the open and closed positions. Moreover, the ball valves are designed in such a way that it delivers simple to turn on and off operation over other valves. Furthermore, the application segment is bifurcated into nuclear island, convention island, and balance of plant. The nuclear island application segment holds the largest revenue in the worldwide market. To design the nuclear island, nuclear steam supply systems and safety systems are needed. This nuclear steam supply system consists of a reactor, reactor coolant pump, pressurizer, steam generators, and primary piping. The nuclear valves are generally used in reactor protection systems, essential service water systems, emergency core cooling systems, emergency power systems, and containment systems. Thereby, a high requirement of nuclear valves informing nuclear island is accelerating the growth of the nuclear valve market worldwide.
The global nuclear market has majorly considered the regions including, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Europe is the leading regional market. The Asia Pacific is anticipated to maintain its position in forthcoming years owing to the increasing installation of nuclear plants in China and India. Thus, the countries in this region are boosting the growth of the nuclear valve industry. The five regions are further analyzed into the major countries including United States., Mexico, UK, Canada, France, China, Japan, South Korea, India, Germany, Brazil, and Argentina among others.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 1631 Million |
Projected Market Size in 2026 |
USD 2800 Million |
CAGR Growth Rate |
8% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Copes-Vulcan, IMI Nuclear, Henry Pratt, Daher-Vanatome, KSB, Emerson, Toa Valve Engineering Inc., Babcock Valves, Neway Valve Suzhou, BNL Industries, Jiangsu Shentong Valve, Shanghai Lianggong Valve Factory Co., Ltd., and others. |
Key Segment |
By Type , Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Top dominating players of the Nuclear Valves market are Copes-Vulcan, IMI Nuclear, Henry Pratt, Daher-Vanatome, KSB, Emerson, Toa Valve Engineering Inc., Babcock Valves, Neway Valve Suzhou, BNL Industries, Jiangsu Shentong Valve, Shanghai Lianggong Valve Factory Co., Ltd., amongst others.
This report segments the nuclear valves market as follows:
Global Nuclear Valves Market: By Type Segment Analysis
- Globe Valve
- Ball Valve
- Butterfly Valves
- Gate Valves
- Diaphragm Valves
- Others
Global Nuclear Valves Market: By Application Segment Analysis
- Nuclear Island
- Convention Island
- Balance of Plant
Global Nuclear Valves Market: Regional Segment Analysis
- North America
- 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
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