Market Size of Middle-East and Africa 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 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Nuclear Power Plant Equipment Market Analysis
The Middle East and Africa nuclear power plant equipment market is expected to grow at a CAGR of more 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.
