Nuclear Power Plant Control System Market

Leading Players in Nuclear Power Plant Control System Industry - Siemens (Germany), ABB (Switzerland), General Electric (US), Fortum (Finland), and Framatome (France)

The global Nuclear Power Plant Control System market is projected to reach USD  825 million by 2028 from an estimated USD 636 million in 2023, at a CAGR of 5.3% during the forecast period. The market has witnessed substantial expansion recently, propelled by a growing demand for clean energy, global nuclear power expansion and government support & stringent safety regulations.

Due to the strong supply of networks, a few global and regional players hold a strong foothold in the nuclear power plant control system market. Siemens (Germany), ABB (Switzerland), General Electric (US), Fortum (Finland), and Framatome (France) are the market leaders in the Nuclear Power Plant Control System market. These companies have adopted strategies such as product launches, contracts, agreements,  partnerships, acquisitions, investments, and expansions to increase their market share.

To know about the assumptions considered for the study download the pdf brochure

Siemens is a global conglomerate with a significant presence in various industries, including energy. Siemens has been actively involved in the nuclear power sector, providing various solutions, including control systems for nuclear power plants. Siemens provides integrated solutions that cover the entire lifecycle of a nuclear power plant. This includes design, engineering, commissioning, and long-term maintenance support. Siemens offers advanced instrumentation and control systems for nuclear power plants. These systems are crucial for monitoring and managing various aspects of plant operations, ensuring safety, efficiency, and reliability. The company majorly operates through the following segments: Digital Industries, Smart Infrastructure, Mobility, and Siemens Healthineers, which together form its “Industrial Business” segment and Siemens Financial Services (SFS) segment, which support the activities of industrial businesses and also conduct business with external customers. The company has operations in Europe, North America, Asia Pacific, South America, and the Middle East & Africa.

Framatome is a major player in the nuclear power plant control system market, providing a wide range of products and services for new and existing plants. The company’s I&C systems are used to monitor and control all aspects of a nuclear power plant, from the reactor core to the turbines and generators. The company is involved in various aspects of the nuclear fuel cycle, including reactor design, fuel fabrication, and providing different services to nuclear power plants. The company has a presence in North America, Europe, South America, Asia Pacific, and the Middle East & Africa.

Fortum is a Nordic energy company involved in various aspects of the energy sector, including electricity generation, distribution, and sales. It is one of the cleanest energy producers in Europe, and ambitious environ­mental targets guide its actions. The company generates and delivers clean energy reliably and helps indus­tries to decar­bonise their processes and grow. Its core opera­tions in the Nordics comprise efficient, CO2-free power gener­ation and a reliable supply of electricity and district heat to private and business customers. It operates majorly through its four segments: Generation, City Solutions, Consumer Solutions, and Other Operations. The company has a presence in Europe.

Related Reports:

Nuclear Power Plant Control System Market by Component (Hardware, Software, Services), Solution (SCADA, PLC, DCS), Application (Generator Excitation & Electrical Control, Turbine & Auxiliaries Control System) and Region - Global Forecast to 2028

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Nuclear Power Plant Control System Market Size,  Share & Growth Report
Report Code
EP 8936
RI Published ON
1/8/2024
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
GET A FREE SAMPLE

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

SEND ME A FREE SAMPLE
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status