Nuclear Power Plant Equipment Market Size, Share, Growth Analysis, By Equipment Type (Island Equipment, Auxiliary Equipment), By Reactor Type (Pressurized Water Reactor (PWR), Boiling Water Reactor (BWR)), By Region - Industry Forecast 2025-2032

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

• General Electric (GE) (USA) 
• Mitsubishi Heavy Industries (Japan) 
• Toshiba Corporation (Japan) 
• Hitachi Ltd. (Japan) 
• Areva SA (France) 
• Siemens AG (Germany) 
• Westinghouse Electric Company (USA) 
• Babcock & Wilcox Enterprises (USA) 
• Doosan Heavy Industries & Construction (South Korea) 
• Korea Electric Power Corporation (KEPCO) (South Korea) 
• Shanghai Electric Group (China) 
• China National Nuclear Corporation (CNNC) (China) 
• China General Nuclear Power Group (CGN) (China) 
• Rosatom (Russia) 
• Alstom SA (France) 
• Larsen & Toubro (L&T) (India) 
• Fluor Corporation (USA) 
• Bechtel Corporation (USA) 
• Emerson Electric Co. (USA) 
• Schneider Electric (France) 

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.