A pressurized water reactor (PWR) is a nuclear reactor in which the coolant and moderator are both water. The core warms up, causing hydrogen isotopes to split for energy and oxygen to react with uranium-235 to generate further heat. Steam is generated as a result of this process, which spins turbines connected by shafts to generate energy. The Western Pressurized Water Reactor (PWR) is a kind of nuclear reactor that generates steam by cooling the core with water. Uranium-235, plutonium-239, or other elements such as thorium, which may be transformed to uranium 233 following neutron capture, are used as the primary fuel for this type of reactor. These reactors contain protections against pressure spikes induced by fast cooling to prevent overheating in the case of an emergency shutdown (SCRAM).
MARKET SCOPE
The "Global Pressurized Water Reactor Market Analysis to 2028" is a specialized and in-depth study of the Pressurized water reactor market with a special focus on the global market trend analysis. The report aims to provide an overview of pressurized water reactor market with detailed market segmentation by type, application, and geography. The global pressurized 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 pressurized water reactor market players and offers key trends and opportunities in the Pressurized water reactor market.
MARKET SEGMENTATION
- The global pressurized water reactor market is segmented on the basis of type, and application.
- On the basis of type, the market is segmented as western pressurized water reactor PWR, and soviet pressurized water reactor VVER.
- On the basis of application the market is segmented into submarines, power plants, and others.
MARKET DYNAMICS
Drivers:
- Growing demand for nuclear power
- Advancement in technology, and modernization of existing infrastructure due to increasing cost competitiveness.
Restraints:
- High Initial Cost.
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 pressurized 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 Pressurized water reactor market in these regions.
IMPACT OF COVID-19 ON PRESSURIZED 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 pressurized 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 pressurized 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 pressurized 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 pressurized water reactor market market are anticipated to lucrative growth opportunities in the future with the rising demand for pressurized 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 pressurized 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.
- GE Hitachi Nuclear Energy
- Kraftwerk Union (AREVA)
- Framatome
- Babcock and Wilcox (BandW)
- Mitsubishi
- Combustion Engineering (CE)
- Westinghouse
- Brown Boveri (BBR)
- Siemens
- Atommash
- Asea Brown Boveri-Combustion Engineering (ABB-CE).