A boiling water reactor (BWR) is a light water nuclear reactor that is used to generate electricity. After the pressurised water reactor (PWR), which is also a form of light water nuclear reactor, it is the second most popular type of electricity-generating nuclear reactor. The fundamental distinction between a BWR and a PWR is that a BWR's reactor core warms water, which subsequently converts into steam and operates a steam turbine. The reactor core of a PWR warms water that does not boil. The hot water is subsequently exchanged with a lower-pressure system, which converts the water into steam, which drives the turbine.
MARKET SCOPE
The "Global Boiling water reactor Market Analysis to 2028" is a specialized and in-depth study of the boiling water reactor market with a special focus on the global market trend analysis. The report aims to provide an overview of boiling water reactor market with detailed market segmentation by type, application, and geography. The global boiling water reactor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading boiling water reactor market players and offers key trends and opportunities in the boiling water reactor market.
MARKET SEGMENTATION
- The global boiling water reactor market is segmented on the basis of type, and application.
- On the basis of type, the market is segmented as single cycle steam generation and dual cycle steam generation.
- On the basis of application the market is segmented into power generations, submarines, and others.
MARKET DYNAMICS
Drivers:
- Rising energy demand and requirement of cleaner generation of electricity.
- Substantial usage of major equipment.
Restraints:
- Difficulty associated with management of nuclear waste.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The boiling water reactor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the boiling water reactor market in these regions.
IMPACT OF COVID-19 ON BOILING WATER REACTOR MARKET
COVID-19 has had an impact on a variety of industries owing to the shutdown of numerous industrial processes and the disruption of supply chains. Due to a lack of workers, most businesses have ceased operations. However, owing to the influence of COVID-19, the equipment section of the boiling water reactor industry is gradually declining. During the worldwide lockout, the electric industry accounted for a large portion of consumption. Electricity usage has increased as a result of huge reductions in services and industry, which have only been partially offset by an increase in residential use, raising demand for boiling water reactor. Due to COVID-19 difficulties, reactor building dates have also been disrupted. Some new reactor projects in China, which builds the majority of the world's new reactors, have been temporarily delayed. Nuclear reactor building in the United States, France, the United Arab Emirates, Bangladesh, and the United Kingdom has also been hampered. These delays are due to a decrease in building site workers as well as supply chain issues. Nuclear power generation in 2021 was severely impacted by a delay in reactor construction combined with a decline in electricity demand, although the degree of the damage is unknown. The COVID-19 epidemic has hampered economic growth in China, which has the world's greatest new reactor building programme (owing to advancements on both sides).
MARKET PLAYERS
The report covers key developments in the boiling water reactor market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from boiling water reactor market market are anticipated to lucrative growth opportunities in the future with the rising demand for boiling water reactor market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Boiling water reactor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- General Electric
- Hitachi
- Toshiba
- Kraftwerk Union
- Areva Kerena
- Asea (ABB)
- Westinghouse
- GE Hitachi Nuclear Energy
- Idaho National Laboratory
- Doosan Corporation