| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 4.00% |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle-East and Africa Nuclear Power Plant Equipment Market Analysis by Mordor Intelligence
The Middle-East and Africa Nuclear Power Plant Equipment Market is expected to register a CAGR of greater than 4% during the forecast period.
The market was moderately impacted by the Covid-19 pandemic. However, the market has since recovered and is expected to grow steadily during the forecast period.
- Over the long 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 in the region is expected to drive the market during the forecast period.
- On the other hand, increasing competition from natural gas and renewables in electricity generation is restraining market growth.
- Nevertheless, rising investments in small modular reactors are expected to be a significant growth opportunity for the market during the forecast period.
Middle-East and Africa Nuclear Power Plant Equipment Market Trends and Insights
Pressurized Water Reactors to Dominate the Market
- A typical design of a commercial PWR is such that the core inside the reactor vessel creates heat. The core of the reactor pressure vessel (RPV) contains nuclear fuel, moderator, control rods, and coolant that is cooled and moderated by high-pressure liquid water. PWR consists of a reactor vessel, steam generators, reactor coolant pumps, control roads, a pressurizer, and other elements.
- A typical design of a commercial PWR is such that the core inside the reactor vessel creates heat. The core of the reactor pressure vessel (RPV) contains nuclear fuel, moderator, control rods, and coolant that is cooled and moderated by high-pressure liquid water. PWR consists of a reactor vessel, steam generators, reactor coolant pumps, control roads, a pressurizer, and other elements.
- The Middle East and Africa region witnessed significant growth in nuclear power generation in 2021, reaching nearly 24.5 TWh, growing by nearly 12% from 2020. As of December 2021, the Middle East and Africa region had three under-construction reactors, 2 in the United Arab Emirates and 1 in Iran, all of which are PWR designs. Additionally, two other new PWR units are planned in Iran.
- According to Global Energy Monitor, as of January 2023, 2,474 MW of nuclear capacity is construction and pre-construction stage. Similarly, 1,400 MW of nuclear capacity is under construction in the United Arab Emirates.
- Although most African countries are not likely to invest in nuclear energy in the forecast period, upcoming projects in the Middle East are expected to drive the PWR market.
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Saudi Arabia is Expected to Create Significant Demand
- The Saudi Arabian nuclear energy program has remained in the nascent phase.The Saudi Arabian government was initially planning to add 17.6 GW of nuclear capacity by 2040 through the construction of 16 nuclear reactors. However, as the low oil prices constricted government spending, the government was forced to consolidate its budget.
- However, with rapidly increasing industrial consumption and population, the electricity demand is rising. Saudi Arabia generated 358637 GWh electricity in 2021, with a significant share of electricity being generated oil and gas. As the Saudi government tries to decrease the dependence of the economy on fossil fuels, nuclear energy is likely to grow and drive the market in the coming years.
- Saudi Arabia is also planning to build two large nuclear power reactors, and it has plans for small reactors for desalination, which is likely to drive the demand for nuclear power equipment significantly. The country plans to build two 1,400 MW nuclear power plants.
- In April 2022, Saudi Arabia established the the Saudi Nuclear Energy Holding Company (SNEHC), a national nuclear energy company to develop and operate nuclear facilities. Additionally in June 2022, Saudi Arabia began the process of choosing a vendor for the construction of the oil-rich kingdom's first commercial nuclear power station.
- Such developments are expected to drive the market in the country during the forecast period.
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Competitive Landscape
The Middle East and Africa nuclear power plant equipment market is moderately consolidated. Some major companies (in no particular order) include Korea Electric Power Corporation, Doosan Enerbility Co., Ltd., Westinghouse Electric Company LLC, Rosatom State Atomic Energy Corporation, and Mitsubishi Heavy Industries Ltd., among others.
Middle-East and Africa Nuclear Power Plant Equipment Industry Leaders
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Korea Electric Power Corporation
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Doosan Corporation
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Westinghouse Electric Company LLC
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Rosatom State Atomic Energy Corporation
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Mitsubishi Heavy Industries Ltd
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- In November 2022, Doosan Enerbility was awarded a contract worth KRW1.6 trillion (USD1.2 billion) by Korea Hydro and Nuclear Power (KHNP) to build the turbine islands of the El Dabaa nuclear power plant under construction in Egypt. In August 2022, KHNP signed a contract with Rosatom subsidiary Atomstroyexport (ASE) to construct 82 buildings and structures at the four units of Egypt's first nuclear power plant, including the turbine buildings, water treatment, and air conditioning systems. KHNP has now subcontracted Doosan Enerbility to construct 32 structures, including the turbine buildings.
- In May 2022, the International Atomic Energy Agency (IAEA) approved Uganda's plan to build East Africa's first nuclear power station. According to the government, the land had been acquired to build a 2 GW facility.
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Middle-East and Africa Nuclear Power Plant Equipment Market Report Scope
A nuclear power plant is a facility that converts atomic energy into usable power. In a nuclear electric power plant, the heat produced by a reactor is generally used to drive a turbine which in turn drives an electric generator. Nuclear Power plant equipment is any equipment used in a nuclear power plant for the safe and consistent generation of nuclear energy.
The Middle East and Africa nuclear power plant equipment market is segmented by reactor type, carrier type, and geography. By reactor type, the market is segmented into pressurized water reactors, pressurized heavy water reactors, and other reactor types. By carrier type, the market is segmented into island equipment, auxiliary equipment, and research reactor. The report also covers the market size and forecasts for the region's central counties' nuclear power plant equipment market. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).
Reactor Type
| Pressurized Water Reactor |
| Pressurized Heavy Water Reactor |
| Other Reactor Types |
Carrier Type
| Island Equipment |
| Auxiliary Equipment |
| Research Reactor |
Geogrpahy
| Middle-East and Africa | The United Arab Emirates |
| Saudi Arabia | |
| South Africa | |
| Rest of Middle-East and Africa |
| Reactor Type | Pressurized Water Reactor | |
| Pressurized Heavy Water Reactor | ||
| Other Reactor Types | ||
| Carrier Type | Island Equipment | |
| Auxiliary Equipment | ||
| Research Reactor | ||
| Geogrpahy | Middle-East and Africa | The United Arab Emirates |
| Saudi Arabia | ||
| South Africa | ||
| Rest of Middle-East and Africa | ||
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Key Questions Answered in the Report
What is the current Middle-East and Africa Nuclear Power Plant Equipment Market size?
The Middle-East and Africa Nuclear Power Plant Equipment Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)
Who are the key players in Middle-East and Africa Nuclear Power Plant Equipment Market?
Korea Electric Power Corporation, Doosan Corporation, Westinghouse Electric Company LLC, Rosatom State Atomic Energy Corporation and Mitsubishi Heavy Industries Ltd are the major companies operating in the Middle-East and Africa Nuclear Power Plant Equipment Market.
What years does this Middle-East and Africa Nuclear Power Plant Equipment Market cover?
The report covers the Middle-East and Africa Nuclear Power Plant Equipment Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Middle-East and Africa Nuclear Power Plant Equipment Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Middle-East and Africa Nuclear Power Plant Equipment Market Report
Statistics for the 2025 Middle-East and Africa Nuclear Power Plant Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Nuclear Power Plant Equipment analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
