Nuclear Power Plant Equipment Market Size, Share, Growth Analysis, By Reactor Type(Pressurized Water Reactor (PWR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (HTGR)), By Equipment Type(Isl, Equipment, Auxiliary Equipment), By Region - Industry Forecast 2024-2031

The market for equipment for nuclear power plants is only marginally consolidated. Numerous major businesses are engaged in neck-and-neck competition in the fiercely competitive environment, which is extremely uneven. To keep their top market places, the corporations place a strong emphasis on technological breakthroughs, mergers, contracts, accords, alliances, and other factors. For instance, in August 2021, Japan-based In collaboration with GE Hitachi Nuclear Energy, Hitachi-GE Nuclear Energy has developed a 300 MWe boiling water reactor (BWR) type of SMR known as the "BWRX-300." The agreement will support the management in doing fresh consumer research and in its effort to reach net-zero greenhouse gas emissions by the year 2050.

Nuclear Power Plant Equipment Market Top Players Company Profiles

• GE Hitachi Nuclear Energy
• Westinghouse Electric Company LLC
• Framatome
• Mitsubishi Heavy Industries, Ltd.
• Rosatom State Atomic Energy Corporation
• China National Nuclear Corporation (CNNC)
• Korea Electric Power Corporation (KEPCO)
• Toshiba Energy Systems & Solutions Corporation
• AREVA SA
• BHEL (Bharat Heavy Electricals Limited)
• Babcock & Wilcox Company
• Doosan Heavy Industries & Construction Co., Ltd.
• L&T (Larsen & Toubro Limited)
• Shanghai Electric Group Co., Ltd.
• Hitachi-GE Nuclear Energy, Ltd.
• Korea Hydro & Nuclear Power Co., Ltd.
• Alstom SA
• Siemens AG
• EDF Energy
• Dominion Energy, Inc.

Nuclear Power Plant Equipment Market Recent Development

• In May 2022, GEH SMR Technologies Canada Ltd. And the SIMSA have decided to assist and support any prospective BWRX-300 small modular reactor deployment in Saskatchewan.
• In October 2021, an Instrumentation and Control (I&C) modernization agreement was signed by Westing Electric Company and Exelon Generation for its BWR units at its Limerick-based Generating Station. The improvements will increase the plant's capacity for operation while strengthening system dependability and optimizing supervision.