The global nuclear turbine generator market is anticipated to grow at a considerable CAGR of 3.0% during the forecast period (2022-2028). The speeding up in the adoption of nuclear turbine generators is one of the prime factors affecting and driving the market. Nuclear turbine generators are considered to be reliable, and safe, along with a clean source of energy when compared to conventional energy resources. Additionally, these generators are also considered to be cost-effective, one of the low-carbon energy sources supporting fulfilling the energy gap and it is also becoming necessary in order to respond in an effective manner to changes in climate and also to greenhouse gas emissions. These factors have significantly contributed to the growth and development of the global nuclear turbine generator market.
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The key players present in the global nuclear turbine generator market had been adopting various strategies that include new launches to gain major market share. For instance, in January 2020, Westinghouse Electric Co. had acquired Rolls-Royce’s Civil Nuclear Systems and Services business in North America and in select sites in Europe. This acquisition would support Westinghouse Electric Co. in order to expand the company’s nuclear products and services offerings.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
o By Type
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Toshiba Corp., Westinghouse Electric Co. LLC., Duke Energy Corp., and Mitsubishi Heavy Industries Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Nuclear Turbine Generator Market Report Segment
By Type
- Pressurized Water Reactor
- Boiling Water Reactor
- Liquid Metal Fast Breeder Reactor (LMFBR)
- Fast Neutron Reactors
- Others
By Application
- Power Plant
- Oil and Gas Industry
- Spacecraft Propulsion
