Nuclear Power Plant Control System Companies - Siemens (Germany), ABB (Switzerland), General Electric (US), Fortum (Finland), Framatome (France) are the Leading Players
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.
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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
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