Market Size of India 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 | > 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Nuclear Power Plant Equipment Market Analysis
The India nuclear power plant equipment market is expected to grow at a CAGR of more than 4% in the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market is likely to reach pre-pandemic levels.
- Over the medium term, the significant contribution of nuclear energy in reducing GHG emissions while fulfilling the increasing energy demands of a growing population and supporting sustainable development is driving the market.
- On the other hand, rising investments in alternative clean energy sources such as solar and wind are expected to restrain the market's growth during the forecast period.
- Nevertheless, the research and development into commercializing new nuclear reactor designs, such as Fast Breeder Reactor, is expected to be a significant opportunity for the market beyond the forecast period.
