Market Overview:
The global nuclear plant life extension market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for electricity and the need for carbon-free energy sources. In addition, the aging nuclear plants are being refurbished and extended to meet the rising demand for electricity. The maintenance management segment is expected to dominate the global nuclear plant life extension market in terms of revenue by 2030 owing to its ability to improve safety and efficiency of aging plants. The renovation management segment is projected grow at a higher CAGR during the forecast period as it helps in improving performance, safety, and extend operational life of aging plants. In terms of application, light water reactor (LWR) nuclear power plant is expected hold major share in globalnuclear plant life extension market by 2030 due its high adoption rate across various countries worldwide .
Product Definition:
The extension of a nuclear power plant's life is the act of delaying its retirement for an extended period of time. The importance of nuclear plant life extension is that it allows for continued operation of existing plants, which helps to meet the country's energy needs.
Maintenance Management:
Maintenance management is the systematic approach to reduce risk, improve efficiency and performance of a product or service, and enhance customer satisfaction. Maintenance management includes all activities related to repair & maintenance of plant equipment & facilities such as power plants. It also covers activities such as inspection, testing, diagnosis carried out for ensuring efficient working of the plant equipment & facilities.
Renovation Managemet:
Renovation management is a technique used to control, monitor and optimize the renovation process in any facility. It helps reduce costs, increase productivity and improve quality during the life cycle of a building or system. The key factors driving market growth include increasing focus on energy efficiency, growing demand for nuclear plant life extension due to rapid electricity consumption growth along with aging infrastructure across various countries globally.
Application Insights:
The light water reactor (LWR) segment held the largest market share of more than 40.0% in 2017 and is expected to continue its dominance over the forecast period. The LWR technology has been widely deployed owing to its ability to produce electricity with a high degree of efficiency, coupled with low operational costs and short refueling cycles. Furthermore, technological advancements in this sector are further expected to drive demand for NNPPLEX from 2018 to 2030 as these plants are considered as an essential part of any country¢â‚¬â„¢s nuclear energy program due largelyto their role in providing power generation services across various industries and end-use segments such as residential, commercial & industrial sectors.
Extension management systems have also witnessed significant demand from countries that operate heavy water reactor nuclear power plants (HWNP). These systems help operators enhance plant safety by ensuring compliance with regulatory requirements such as those set forth by the U.
Regional Analysis:
The market in Asia Pacific is anticipated to grow at the highest rate over the forecast period. The growth of this regional market can be attributed to an increase in nuclear power plant construction projects and initiatives undertaken by governments for setting up new nuclear reactors. For instance, China has planned to construct a total of 14 new reactors by 2020, which is expected to drive demand for life extension services in that country.
In addition, South Korea plans substantial investment in constructing two more units of 1000 MW each before 2022 and then extend their lives till 2027 & 2030 respectively This will further propel demand over the next eight years. In Japan, both government and utilities are actively involved in considering measures such as reducing operating time frames for existing reactors or building new ones with improved safety features that would help them operate longer; these factors are expected to have a positive impact on industry growth during the forecast period.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for power plants that encourage the use of nuclear plant life extension technologies
- Rising costs of traditional fuels such as coal and natural gas that make nuclear plant life extension more economically attractive
- Proliferation of advanced reactor designs that are easier and less expensive to extend the life of than existing reactors
- Growing interest in using nuclear energy to address climate change concerns
Scope Of The Report
Report Attributes
Report Details
Report Title
Nuclear Plant Life Extension Market Research Report
By Type
Maintenance Management, Renovation Managemet, Extension Management
By Application
Light Water Reactor Nuclear Power Plant, Heavy Water Reactor Nuclear Power Plant, Gas-cooled Nuclear Power Plant
By Companies
Areva, CNNC, Rosatom, Westinghouse Electric Company, CGN, Hitachi GE Nuclear Energy, Mitsubishi Heavy Industries, KHNP, Kansai Electric Power, Japan Atomic Power, Alstom, Hitachi
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
204
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Nuclear Plant Life Extension Market Report Segments:
The global Nuclear Plant Life Extension market is segmented on the basis of:
Types
Maintenance Management, Renovation Managemet, Extension Management
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
Light Water Reactor Nuclear Power Plant, Heavy Water Reactor Nuclear Power Plant, Gas-cooled Nuclear Power Plant
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:
- Areva
- CNNC
- Rosatom
- Westinghouse Electric Company
- CGN
- Hitachi GE Nuclear Energy
- Mitsubishi Heavy Industries
- KHNP
- Kansai Electric Power
- Japan Atomic Power
- Alstom
- Hitachi
Highlights of The Nuclear Plant Life Extension 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:
- Maintenance Management
- Renovation Managemet
- Extension Management
- By Application:
- Light Water Reactor Nuclear Power Plant
- Heavy Water Reactor Nuclear Power Plant
- Gas-cooled Nuclear Power Plant
- 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 Nuclear Plant Life Extension 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
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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?
Nuclear plant life extension is a technology that aims to extend the operational life of nuclear power plants. By doing so, it reduces the need for replacement or refurbishment of aging reactors and avoids potential safety concerns.
Some of the major players in the nuclear plant life extension market are Areva, CNNC, Rosatom, Westinghouse Electric Company, CGN, Hitachi GE Nuclear Energy, Mitsubishi Heavy Industries, KHNP, Kansai Electric Power, Japan Atomic Power, Alstom, Hitachi.
The nuclear plant life extension market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nuclear Plant Life Extension 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 Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size & Forecast, 2018-2028
4.5.1 Nuclear Plant Life Extension Market Size and Y-o-Y Growth
4.5.2 Nuclear Plant Life Extension Market Absolute $ Opportunity
Chapter 5 Global Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size Forecast by Type
5.2.1 Maintenance Management
5.2.2 Renovation Managemet
5.2.3 Extension Management
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size Forecast by Applications
6.2.1 Light Water Reactor Nuclear Power Plant
6.2.2 Heavy Water Reactor Nuclear Power Plant
6.2.3 Gas-cooled Nuclear Power Plant
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nuclear Plant Life Extension 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 Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Analysis and Forecast
9.1 Introduction
9.2 North America Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size Forecast by Type
9.6.1 Maintenance Management
9.6.2 Renovation Managemet
9.6.3 Extension Management
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 Nuclear Plant Life Extension Market Size Forecast by Applications
9.10.1 Light Water Reactor Nuclear Power Plant
9.10.2 Heavy Water Reactor Nuclear Power Plant
9.10.3 Gas-cooled Nuclear Power Plant
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 Nuclear Plant Life Extension Analysis and Forecast
10.1 Introduction
10.2 Europe Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size Forecast by Type
10.6.1 Maintenance Management
10.6.2 Renovation Managemet
10.6.3 Extension Management
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 Nuclear Plant Life Extension Market Size Forecast by Applications
10.10.1 Light Water Reactor Nuclear Power Plant
10.10.2 Heavy Water Reactor Nuclear Power Plant
10.10.3 Gas-cooled Nuclear Power Plant
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 Nuclear Plant Life Extension Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size Forecast by Type
11.6.1 Maintenance Management
11.6.2 Renovation Managemet
11.6.3 Extension Management
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 Nuclear Plant Life Extension Market Size Forecast by Applications
11.10.1 Light Water Reactor Nuclear Power Plant
11.10.2 Heavy Water Reactor Nuclear Power Plant
11.10.3 Gas-cooled Nuclear Power Plant
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 Nuclear Plant Life Extension Analysis and Forecast
12.1 Introduction
12.2 Latin America Nuclear Plant Life Extension 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 Nuclear Plant Life Extension Market Size Forecast by Type
12.6.1 Maintenance Management
12.6.2 Renovation Managemet
12.6.3 Extension Management
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 Nuclear Plant Life Extension Market Size Forecast by Applications
12.10.1 Light Water Reactor Nuclear Power Plant
12.10.2 Heavy Water Reactor Nuclear Power Plant
12.10.3 Gas-cooled Nuclear Power Plant
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) Nuclear Plant Life Extension Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nuclear Plant Life Extension 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) Nuclear Plant Life Extension Market Size Forecast by Type
13.6.1 Maintenance Management
13.6.2 Renovation Managemet
13.6.3 Extension Management
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) Nuclear Plant Life Extension Market Size Forecast by Applications
13.10.1 Light Water Reactor Nuclear Power Plant
13.10.2 Heavy Water Reactor Nuclear Power Plant
13.10.3 Gas-cooled Nuclear Power Plant
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 Nuclear Plant Life Extension Market: Competitive Dashboard
14.2 Global Nuclear Plant Life Extension Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Areva
14.3.2 CNNC
14.3.3 Rosatom
14.3.4 Westinghouse Electric Company
14.3.5 CGN
14.3.6 Hitachi GE Nuclear Energy
14.3.7 Mitsubishi Heavy Industries
14.3.8 KHNP
14.3.9 Kansai Electric Power
14.3.10 Japan Atomic Power
14.3.11 Alstom
14.3.12 Hitachi
