Nuclear Steam Generator Market Size, Share and Global Trend By Design (Horizontal, Vertical), By Reactor Type (Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor, Boiling Water Reactor, Others), By End-Users (Power Generation, Nuclear Navy, Research) and Regional Forecast, 2024-2032

Electricity plays a vital role for everyone. The demand for electricity is growing on account of the growing population and increasing consumption of electricity per capita. The ever increasing demand for electricity is satisfied by increasing power generation units. Electricity generation using nuclear energy and renewable energy is preferred as it reduces carbon footprint. The nuclear power plant gives a stable and reliable electricity supply. An increasing number of a nuclear power plant is good for the nuclear steam generator market.

A nuclear steam generator is a crucial component for a nuclear power plant. Steam generators are heat exchangers that are used to convert water into steam from heat produced in a nuclear reactor core. The steam generator will receive reactor coolant at the flow rate, temperature, and pressure requirements, which are determined from the reactor system analysis. The steam generator must produce steam at a prescribed flow rate and pressure as required by the steam system. The highest quality is expected for nuclear steam generator manufacturing, operation, and inspection of this equipment.

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On the basis of design, the nuclear steam generator can be divided into horizontal and vertical. The nuclear steam generator can also be segmented into Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), boiling water reactor, and others. The nuclear steam generators are used for nuclear power generation, navy vessels and submarines, and nuclear power research.

The primary market driver for the global nuclear steam generator market is the increasing demand for stable and continuous electrical energy around the world. Nuclear power plants are being built in many countries. Many developed countries are now focusing on refurbishment and modernization of the aging nuclear power infrastructure. Research in nuclear fusion and improving the efficiency of traditional nuclear fission systems is expected to influence the nuclear steam generator market positively.

The key market restraint for the nuclear steam generator market is high cost. The nuclear power plant technology is concentrated into few countries and not freely available to all developing countries

Key Players Covered

Some of the major companies that are present in the nuclear steam generator market are Japan Steel Works, JCFC, MHI, Doosan, CFHI, Shanghai (SEC), China Erzhong, Harbin Electric Co, Dongfang Electric (DEC), L&T, BHEL, Areva, Creusot Forge, GIVA Forgiatura, AEM: Atommash, OMZ Izhora, Lehigh, ATI, AEM: EMSS, GIVA Forgiatura and Pilsen Steel.

SEGMENTATION

Regional Analysis

The demand for the nuclear steam generator is dominated by the Asia-Pacific region followed by Europe, North America, Middle-East and Africa, and Latin America. An increase in power requirements in Asian countries like India, China is a major driver for the nuclear steam generator market. China dominates the global nuclear generator market as it is focusing on new nuclear power projects. The Chinese government is expected to construct an additional nuclear power plant in the upcoming years. Russia dominates the European nuclear steam generator market. Several manufacturing companies of steam generator operate in Russia. The USA dominates the nuclear steam generator market on account of modernization and refurbishment of aging nuclear power infrastructure. The number of nuclear plants in the Middle East & African region is expected to grow in the upcoming years.

Key Industry Developments

• In 2018, Indian equipment maker Bharat Heavy Electricals Limited (BHEL) has bagged an order worth Rs 736 crore from Nuclear Power Corporation of India Ltd (NPCIL) for the supply of steam generators to 700 MWe Pressurised Heavy Water Reactor (PHWR) at Gorakhpur in Fatehabad district of Haryana.
• In 2019, Volgodonsk Branch of JSC “AEM-technology” “Atommash” (a part of machining building subdivision of ROSATOM - “Atomenergomash”) has shipped the first item of heat exchange equipment set, being manufactured by the Plant for the Unit No.4 for Kudankulam NPP in India.
• In 2018, The heavy engineering arm of Larsen & Toubro (L&T) has received orders worth Rs747cr from Nuclear Power Corporation of India Ltd (NPCIL) to supply steam generators and end shields