Market Size of China Nuclear Power Plant Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Nuclear Power Plant Equipment Market Analysis
Over the next five years, the China nuclear power plant equipment market is expected to grow at a CAGR of more than 6%.
In 2020, COVID-19 negatively impacted the market. Presently, the market is likely to reach pre-pandemic levels.
- Over the medium term, the significant contribution of nuclear energy to reduce GHG emissions while fulfilling the increasing energy demands of a growing population and supporting sustainable development is driving the market.
- On the other hand, the availability of other clean energy sources and the rise in competition are likely to slow the market's growth during the forecast period.
- Nevertheless, there are several upcoming projects coming online during the forecast period, and this is likely to create opportunities for various nuclear power plant equipment.
