Market Size of Europe Nuclear Power Plant Equipment Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Nuclear Power Plant Equipment Market Analysis
The Europe nuclear power plant equipment market is expected to grow at a CAGR of more than 3.5% in the forecast period of 2020-2025. The significant contribution of nuclear energy in reducing GHG emissions across the region, while fulfilling the increasing energy demands of a growing population and supporting sustainable development is driving the market. With upcoming projects in Russia and a huge dependency of France on nuclear energy are expected to create significant demand for different nuclear power plant equipment in the coming years. On the other hand, premature decommissioning of several plants and nuclear plants phaseout in countries such as Germany is restraining the growth of the market in the forecast period.
- With a significant share of pressurized water reactors, they are expected to dominate the reactor segment in the forecast period.
- The World Nuclear Association has set a target of 25% of global electricity in 2050, which is expected to be provided by nuclear energy. This requires roughly 1000 GW of new nuclear capacity to be constructed, creating ample opportunities for market players.
- Russia is anticipated to dominate the market in the upcoming period. With new projects, the demand for nuclear power plant equipment is expected to grow significantly.
