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Market Leader and Competitive Landscape: Nuclear Power and Equipment Market
The global nuclear market is likely to witness an inclining CAGR of 3.41% from 2014 to 2019. The Asia-Pacific regionrepresents the largest market, followed byEurope. Emerging markets include North America and South Americawith more nuclear power plants to be built.
A few global players dominate the nuclear power market. Some key players include Alstom SA (France), Areva SA (France), Babcock and Wilcox (U.S.), Dongfang Electric Corp. Ltd. (China), Doosan Heavy Industries (South Korea), Hitachi-GE Nuclear Energy Ltd. (Japan), Korea Hydro & Nuclear Energy (South Korea), Larsen and Toubro Industries (India), Mitsubishi Heavy Industries Ltd. (Japan) and Shanghai Electric (China).
Alstom SA is a market leader andhas a strong presence globally, in field manufacturing and supplyingnuclear equipment. Itmanufactures,designs, markets, and services steam turbines, turbo generators,heat exchangers, moisture separator heaters, storage tanks and feed water heaters for the nuclear industry.The company specializes in nuclear sector and has developed various innovative solutions for the industry.The company initiated gas turbine efficiency upgrades and low-emission solutions in after-market sales. It also has a strong presence in the world of power generation, power transmission, and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies.
AREVA is engaged in providing technological solutions for nuclear power generation. The company is one of the few suppliers capable of meeting customer requirements at every stage of the value chain. Strong market presence has helped AREVA to sustain competitive pressure. It has created a strong presence s globally, by providing safe, innovative and cost effective solutions to the nuclear power industry. Major contracts have not only increased revenue but have increased its operational presence.
Nuclear Power and Equipment Market by Type Reactor Type (PWR and others),Equipment Type (Island Equipment and Auxiliary Equipment) and Geography-Global Trends & Forecasts to 2019
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