Market Overview:
The global advanced boiling water reactors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and the need for nuclear energy across the globe. In addition, the increasing demand for submarines and power plants are also contributing to the growth of this market. Based on type, single cycle steam generation reactors held a major share of the global advanced boiling water reactors market in 2017. This segment is projected to grow at a CAGR of 5% from 2018 to 2030 due to its high efficiency and low capital cost as compared dual cycle steam generation reactors.
Product Definition:
Advanced boiling water reactors are a type of nuclear reactor that uses water as both the coolant and the moderator. They are considered advanced because they have features that improve their safety, including a reduced potential for meltdown.
Single Cycle Steam Generation:
Single cycle steam generation is a process in which feed water is cycled through one or more steam generators to generate saturated vapor that then drives a turbine to produce electricity. The term single cycle is used because the process only involves heating and cooling of water once, thus the name single cycle.
Dual Cycle Steam Generation:
Dual cycle steam generation is a process where two cycles of steam are generated simultaneously using the same boiler feed water. The first cycle generates low pressure and high velocity hot water, which is used to drive a turbine and produce electricity. The second cycle produces higher pressure and lower velocity hot water, which is then condensed into low-pressure liquid form to be used as feed for the boiler again.
Application Insights:
Power plants were the largest application segment in 2017 and accounted for a share of over 50.0% in the global advanced boiling water reactors market. The growth can be attributed to increasing electricity demand across various industries including automotive, construction, data centers and ITUPS (Industrial, Technological & User Services).
The power generation from nuclear energy is considered as one of the cleanest sources of energy as it produces low emissions during its operation. Advanced boiling water reactor designs are more efficient than conventional power plants owing to which they are preferred for large-scale applications such as power generation from nuclear energy.
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing nuclear power plant construction in countries, such as China and India. For instance, in September 2017, China General Nuclear Power Corporation (CGN) and Russia’s Rosatom signed an agreement for constructing a nuclear power plant with a total capacity of 1,000 MW at Jaitapur in Thailand. This project is expected to be completed by 2020. Such agreements are projected to increase demand for ABWRs across Asia Pacific region over the next few years.
North America was estimated as the second-largest market after Asia Pacific in 2016 owing to high electricity demand from industrialization and rapid growth of population coupled with rising disposable income levels in Mexico.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Government policies and regulations supporting the deployment of ABWRs
- Technological advancements that improve the efficiency and safety of ABWRs
- Reduction in the cost of constructing and operating ABWRs compared to other types of nuclear reactors
- Growing interest in nuclear power as a means to reduce greenhouse gas emissions
Scope Of The Report
Report Attributes
Report Details
Report Title
Advanced Boiling Water Reactors Market Research Report
By Type
Single Cycle Steam Generation, Dual Cycle Steam Generation
By Application
Submarines, Power Plants, Others
By Companies
General Electric, Hitachi, Toshiba, Kraftwerk Union, Areva Kerena, Asea (ABB), Westinghouse, GE Hitachi Nuclear Energy, Idaho National Laboratory
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Advanced Boiling Water Reactors Market Report Segments:
The global Advanced Boiling Water Reactors market is segmented on the basis of:
Types
Single Cycle Steam Generation, Dual Cycle Steam Generation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Submarines, Power Plants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric
- Hitachi
- Toshiba
- Kraftwerk Union
- Areva Kerena
- Asea (ABB)
- Westinghouse
- GE Hitachi Nuclear Energy
- Idaho National Laboratory
Highlights of The Advanced Boiling Water Reactors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Cycle Steam Generation
- Dual Cycle Steam Generation
- By Application:
- Submarines
- Power Plants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Advanced Boiling Water Reactors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Advanced boiling water reactors (ABWRs) are a type of nuclear reactor that uses pressurized water to generate electricity and heat. ABWRs have many features that make them more efficient than other types of reactors, such as advanced safety systems and automated controls.
Some of the major players in the advanced boiling water reactors market are General Electric, Hitachi, Toshiba, Kraftwerk Union, Areva Kerena, Asea (ABB), Westinghouse, GE Hitachi Nuclear Energy, Idaho National Laboratory.
The advanced boiling water reactors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Advanced Boiling Water Reactors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Advanced Boiling Water Reactors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Advanced Boiling Water Reactors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Advanced Boiling Water Reactors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Advanced Boiling Water Reactors Market Size & Forecast, 2018-2028
4.5.1 Advanced Boiling Water Reactors Market Size and Y-o-Y Growth
4.5.2 Advanced Boiling Water Reactors Market Absolute $ Opportunity
Chapter 5 Global Advanced Boiling Water Reactors Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Advanced Boiling Water Reactors Market Size Forecast by Type
5.2.1 Single Cycle Steam Generation
5.2.2 Dual Cycle Steam Generation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Advanced Boiling Water Reactors Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Advanced Boiling Water Reactors Market Size Forecast by Applications
6.2.1 Submarines
6.2.2 Power Plants
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Advanced Boiling Water Reactors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Advanced Boiling Water Reactors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Advanced Boiling Water Reactors Analysis and Forecast
9.1 Introduction
9.2 North America Advanced Boiling Water Reactors Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Advanced Boiling Water Reactors Market Size Forecast by Type
9.6.1 Single Cycle Steam Generation
9.6.2 Dual Cycle Steam Generation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Advanced Boiling Water Reactors Market Size Forecast by Applications
9.10.1 Submarines
9.10.2 Power Plants
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Advanced Boiling Water Reactors Analysis and Forecast
10.1 Introduction
10.2 Europe Advanced Boiling Water Reactors Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Advanced Boiling Water Reactors Market Size Forecast by Type
10.6.1 Single Cycle Steam Generation
10.6.2 Dual Cycle Steam Generation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Advanced Boiling Water Reactors Market Size Forecast by Applications
10.10.1 Submarines
10.10.2 Power Plants
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Advanced Boiling Water Reactors Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Advanced Boiling Water Reactors Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Advanced Boiling Water Reactors Market Size Forecast by Type
11.6.1 Single Cycle Steam Generation
11.6.2 Dual Cycle Steam Generation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Advanced Boiling Water Reactors Market Size Forecast by Applications
11.10.1 Submarines
11.10.2 Power Plants
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Advanced Boiling Water Reactors Analysis and Forecast
12.1 Introduction
12.2 Latin America Advanced Boiling Water Reactors Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Advanced Boiling Water Reactors Market Size Forecast by Type
12.6.1 Single Cycle Steam Generation
12.6.2 Dual Cycle Steam Generation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Advanced Boiling Water Reactors Market Size Forecast by Applications
12.10.1 Submarines
12.10.2 Power Plants
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Advanced Boiling Water Reactors Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Advanced Boiling Water Reactors Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Advanced Boiling Water Reactors Market Size Forecast by Type
13.6.1 Single Cycle Steam Generation
13.6.2 Dual Cycle Steam Generation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Advanced Boiling Water Reactors Market Size Forecast by Applications
13.10.1 Submarines
13.10.2 Power Plants
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Advanced Boiling Water Reactors Market: Competitive Dashboard
14.2 Global Advanced Boiling Water Reactors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric
14.3.2 Hitachi
14.3.3 Toshiba
14.3.4 Kraftwerk Union
14.3.5 Areva Kerena
14.3.6 Asea (ABB)
14.3.7 Westinghouse
14.3.8 GE Hitachi Nuclear Energy
14.3.9 Idaho National Laboratory
