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Pune, India, Feb. 25, 2022 (GLOBE NEWSWIRE) — The global nuclear power plant equipment market size is anticipated to reach USD 38.82 billion by 2028 and exhibit a CAGR of 2.6% during the forecast period. The increasing energy demand and clean electricity production are expected to be the key factors driving the market growth. Fortune Business InsightsTM has presented this information in its report titled, “Nuclear Power Plant Equipment Market, 2021-2028”. The market size stood at USD 31.72 billion in 2020 and USD 32.44 billion in 2021.
Furthermore, the rising inorganic and organic expansions by major players to amplify their output efficiency are likely to offer lucrative growth opportunities for the market.
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Companies Profiled in the Nuclear Power Plant Equipment Market:
- General Electric (US)
- Alstom (France)
- Shanghai Electric (China)
- Toshiba Corporation (Japan)
- Korea Electric Power Corporation (South Korea
- Larsen & Toubro Limited (India)
- Mitsubishi Heavy Industries Ltd. (Japan)
- Doosan Corporation (South Korea)
- Dongfang Electric Corp., Ltd. (China)
- The State Atomic Energy Corporation (India)
- BWX Technologies, Inc. (US)
- AREVA (France)
COVID-19 Impact-
Delay in Nuclear Power Projects has Harmed the Nuclear Power Equipment Market Growth Amid COVID-19
The market has suffered a detrimental impact due to the unparalleled spread of the coronavirus pandemic. The project delays led to a rise in overall costs of projects, which has negatively impacted the market. The imposition of strict curfews and lockdowns across the world led to restricted economic and social activities, which aggravated the situation. The low electricity consumption harmed nuclear power equipment. Nonetheless, the market is recovering due to swift vaccination processes being carried out in nations globally. The market is expected to exhibit growth in the forthcoming years.
To get to know more about the short-term and long-term impact of COVID-19 on this market,
Please Visit: https://www.fortunebusinessinsights.com/enquiry/customization/nuclear-power-plant-equipment-market-106375
REPORT SCOPE & SEGMENTATION:
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2021-2028 CAGR | 2.6% |
| 2028 Value Projection | USD 38.82 billion |
| Base Year | 2020 |
| Market Size in 2020 |
Full story available on Benzinga.com
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