South America Nuclear Power Plant Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Nuclear Power Plant Equipment Market Analysis
The South American nuclear power plant equipment market is expected to register a CAGR of more than 5% during 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 to 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 the Fast Breeder Reactor, is expected to be a significant opportunity for the market beyond the forecast period.
- Brazil is anticipated to dominate the market during the forecast period. With the upgrade of existing projects and the addition of new reactors, the nation is expected to witness significant growth.
South America Nuclear Power Plant Equipment Market Trends
Pressurized Water Reactors to Dominate the Market
- A commercial PWR typically has a core inside the reactor vessel that generates heat. High-pressure liquid water cools and moderates the reactor pressure vessel (RPV), which contains nuclear fuel, a moderator, control rods, and coolant. A pressurizer, control roadways, reactor coolant pumps, steam generators, reactor coolant generators, and other components make up a PWR.
- As of November 2022, Argentina had three operating nuclear reactors that generated around 7% of total electricity. The country is constructing a small-scale, advanced pressurized water reactor (PWR) named Carem25 with a total capacity of 25 MWe.
- As of 2022, according to International Atomic Energy Agency statistics, the total operational pressurized water reactor (PWR) in Brazil accounted for two reactors, and Argentina accounted for one reactor.
- The South American region witnessed a growth in nuclear energy. In 2021, Argentina generated around 10.8 TWh of electricity from the nuclear power plant.
- Thus, such developments in the region are expected to support the South American nuclear power plant equipment market during the forecast period.
Brazil to Dominate the Market
- As of November 2022, Brazil had two operating nuclear power plants. In 2022, nuclear power amounted to 3% of the total electricity generation in the country. The nuclear power operable capacity of Brazil is around 1.88 GWe.
- The Brazilian nuclear power sector is expected to grow significantly. The country has also restarted work on the Angra 3 nuclear power project. In terms of the facility's civil works, the plant is currently 67.1% finished, and the whole project is 58.4% finished. The plant should be finished between 2024 and 2026.
- Brazil witnessed growth in electricity generation from nuclear energy. The country generated 14.7 TWh in 2021, compared to 14.1 TWh in 2020.
- On the other side, with no additional plans for the construction of a new nuclear power plant, the demand for nuclear equipment is likely to be restrained during the forecast period.
South America Nuclear Power Plant Equipment Industry Overview
The South American nuclear power plant equipment market is moderately consolidated. Some of the major players in the market (in no particular order) include Rosatom State Atomic Energy Corporation, China National Nuclear Corporation, Westinghouse Electric Company LLC, Dongfang Electric Corporation Limited, and Centrais Elétricas Brasileiras SA.
South America Nuclear Power Plant Equipment Market Leaders
China National Nuclear Corporation
Rosatom State Atomic Energy Corporation
Dongfang Electric Corporation Limited
Westinghouse Electric Company LLC
Centrais Eletricas Brasileiras SA
*Disclaimer: Major Players sorted in no particular order
South America Nuclear Power Plant Equipment Market News
February 2022: Electrobras, a Brazilian state-run power company, signed a contract to restart the Angra 3 nuclear power plant. The contracts aimed to finish the concrete superstructure of the power plant's reactor.
February 2022: Argentina and China National Nuclear Corporation (CNNC) signed an engineering, procurement, and construction agreement for the development of the Atucha 3 nuclear power plant at Lima, Argentina. CNNC will install Hualong One technology-the HPR1000 reactor.
South America Nuclear Power Plant Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitute Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Reactor Type
5.1.1 Pressurized Water Reactor
5.1.2 Pressurized Heavy Water Reactor
5.1.3 Other Reactor Types
5.2 Carrier Type
5.2.1 Island Equipment
5.2.2 Auxiliary Equipment
5.2.3 Research Reactor
5.3 Geography
5.3.1 Brazil
5.3.2 Argentina
5.3.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Westinghouse Electric Company LLC
6.3.2 Doosan Corporation
6.3.3 Centrais Eletricas Brasileiras SA
6.3.4 China National Nuclear Corporation
6.3.5 Dongfang Electric Corp. Limited
6.3.6 Rosatom State Atomic Energy Corporation
6.3.7 Mitsubishi Heavy Industries Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Nuclear Power Plant Equipment Industry Segmentation
A nuclear power plant is a facility that converts atomic energy into usable power. In a nuclear power plant, the heat from a reactor typically powers a turbine, which powers 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 South American nuclear power plant equipment market is segmented by reactor type, carrier type, and geography Brazil, Argentina, rest of South America. By reactor type, the market is segmented into pressurized water reactors, pressurized heavy water reactors, and other reactor types. By carrier types, the market is segmented into island equipment, auxiliary equipment, and research reactors. The report also covers the market size and forecasts across major countries. For each segment, 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 |
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Nuclear Power Plant Equipment Market Research FAQs
What is the current South America Nuclear Power Plant Equipment Market size?
The South America Nuclear Power Plant Equipment Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in South America Nuclear Power Plant Equipment Market?
China National Nuclear Corporation , Rosatom State Atomic Energy Corporation , Dongfang Electric Corporation Limited , Westinghouse Electric Company LLC and Centrais Eletricas Brasileiras SA are the major companies operating in the South America Nuclear Power Plant Equipment Market.
What years does this South America Nuclear Power Plant Equipment Market cover?
The report covers the South America Nuclear Power Plant Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Nuclear Power Plant Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Nuclear Power Plant Equipment Industry Report
Statistics for the 2024 South America Nuclear Power Plant Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Nuclear Power Plant Equipment analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
