Europe Nuclear Power Plant and Equipment Market Outlook to 2022

Uranium is a non-renewable source that cannot be replenished on a human timescale. Once uranium is extracted, it should be sent to the processing facility where the ore is processed into enriched fuel in the form of fine pellets. It is then transported to the power plant. Nuclear power plants do not emit carbon dioxide or other contaminants to the atmosphere. However, the nuclear energy generation is associated with uranium mining and enrichment process as well as transport which could significantly pose a threat to the environment. Ever growing energy demand, the need for clean power generation and government's initiatives towards achieving energy security are some of the factors which are expected to drive the market growth. On the flipside, higher initial costs and environmental issues regarding uranium mining are restraining the market from growth.

The Europe nuclear power plant and equipment market is estimated to be USD XX billion in 2017 and is projected to reach USD XX billion by 2022, at a CAGR of XX% from 2017 to 2022.

Several European nations are exhibiting strong retract for nuclear power, owing to the benefits of integrating renewable energy generators. After the Fukushima incident, certain countries, such as Germany, have taken drastic measures to phase out their nuclear power programs. Apart from the issues concerning nuclear waste management, some European countries are displaying hostility toward nuclear energy, owing to the potential threat of accidents. However, certain countries, such as France, Finland and some eastern European nations seem to be relying on Nuclear power to meet their energy demands. Nuclear power comes handy when the countries possess less solar or hydro potentials to produce the electricity for their needs. The emission control regulations in the European Union and a growing voice against nuclear power generation have increased the interest in technologies that are low in greenhouse gas emissions and environmental damage. This is aiding in the growth of the renewables industry and resulting in a huge market slowdown of the nuclear industry in Europe. The long-term and large-scale success of nuclear power plants and equipment market require the help of nuclear-friendly policies from governments, which enable the feasible integration of nuclear technologies into the existing grid. There is less scope for policy reversals, favoring nuclear power plants in Europe. Thus, Europe does not present promising opportunities for the nuclear power plant and equipment market. As of 2014, there is a total of 184 nuclear power plant units with an installed electric net capacity of 162 GWe in operation in Europe and 17 more units were under construction with an electric net capacity of 15 GWe more.

This report extensively analyzes the nuclear power plant and equipment market in the European landscape segmenting it into countries, the reactor type and key applications. Key drivers and restraints that are affecting the growth of this market are discussed in detail. The study also elucidates on the competitive landscape and key market players.