Authored By: Sarah
16 Feb 2023

Nuclear Reactor Construction Market Share, Segments, Trends, Growth, and Geography- Analysis, and Forecast 2023-2027

The nuclear reactor construction market is segmented by type (PWR and others), service (equipment and installation), and geography (APAC, Europe, North America, Middle East and Africa, and South America). International cooperation for nuclear safety and security is the major nuclear reactor construction market trend which will positively influence the market value. 

Nuclear Reactor Construction Market Outlook 2027 

  • The nuclear reactor construction market share will value over USD 9.8 billion by 2027 

  • It is estimated to expand at a CAGR of 3.56% from 2022 to 2027 

  • The nuclear reactor construction market size will witness a YOY growth rate of 2.88% in 2023. 

Browse Technavio's 161-page report and in-depth TOC on "Nuclear Reactor Construction Market by type (PWR and others), service (equipment and installation), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

View detailed Table of Contents Here: https://www.technavio.com/report/nuclear-reactor-construction-market-analysis

Nuclear Reactor Construction Market Share, Segments, Trends, Growth, and Geography- Analysis, and Forecast 2023-2027

International cooperation for nuclear safety and security will Fuel the Market Growth  

Nuclear power has been experiencing continuous demand since the 1990s. Organizations such as the Organization for Economic Co-operation and Development (OECD) Nuclear Energy Agency (NEA), IAEA, and the commission of the European communities share technology, experience, and knowledge about reactors across various countries.

Rising Focus on Clean Energy Technologies to Drive Market Growth 

The rising focus on clean energy technologies is notably driving market growth. To reduce carbon emissions, the demand for clean energy technologies such as nuclear power has been growing at a global level. This is owing to the rise in global energy demand and the extensive use of fossil fuels, which accounted for 70% of the global energy demand growth in 2021.

Nuclear Reactor Construction Market Vendors 

Some of the major nuclear reactor construction market vendors are: 

  • AECOM
  • AREVA SA
  • Bechtel Corp.
  • China National Nuclear Corp.
  • EDF Energy Holdings Ltd
  • Emirates Nuclear Energy Corp.
  • General Electric Co.
  • Hindustan Construction Co. Ltd.
  • Hitachi Ltd.
  • Korea Electric Power Corp.
  • Larsen and Toubro Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • NTPC Ltd.
  • Siemens AG
  • SKODA JS AS

Technavio's research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report 

Key Takeaways 

  • The cyber threat challenges are the major hindrance for market players 

  • The nuclear reactor construction market structure is fragmented in nature. 

  • 53% of nuclear reactor construction market growth will develop from APAC. 

  • The market growth by the PWR segment will be significant during 2023-2027.

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