Europe and Asia-Pacific to Play Key Roles in the Nuclear Coolant Pump Market
- By Linton Levy -
“Global Nuclear Coolant Pump Market Analysis and Forecasts to 2015” is the latest report from GlobalData, the industry analysis specialists. The report covers global nuclear power industry development, its growth trajectory and the demand for primary coolant pump equipment in the global nuclear market. It provides comprehensive information on the market size of coolant pumps used in the commercial nuclear facilities. Coolant pumps play a crucial role in nuclear facilities both for normal activities and for increased safety of nuclear power reactor operations. Demand and revenue forecasts of coolant pumps used in commercial nuclear power facilities are examined in the report.
This report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by Global Markets Direct’s team of industry experts.
Europe and Asia-Pacific to Play Key Roles in the Nuclear Coolant Pump Market
The European and Asia Pacific regions are expected to show strong demand for nuclear coolant pumps between 2009 and 2015. Europe is a key market for the coolant pump industry as many of the existing reactors will require coolant pump replacement. During 2009–2015, the European region is expected to show the highest demand of 336 coolant pump units followed by the Asia Pacific region with 148 units and the North American region with 108 units. Increased demand from these regions will result in sustained growth of the nuclear coolant pump market.
Nuclear Coolant Pump Market to Show Notable Revenue Growth
Year-on-year demand for coolant pumps around the globe is expected to rise from 2009 through 2015. During this period, this number is expected to rise from 48 in 2009 to 108 in 2015, growing at an average annual growth rate (AAGR) of 13.51%. This market is expected to reach $1,520 m in 2015, growing at an AAGR of 18.39% between 2009 and 2015.
Increased replacement of coolant pumps within the above mentioned period will contribute to high growth of this market. Nuclear Reactor Coolant Pump Market, Global, Revenue Analysis ($m), 2006-15
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Nuclear Industry Expansion to Drive the Growth of the Coolant Pump Market
Demand from new and existing nuclear power stations is set to drive the coolant pump market. It is expected that about 43 new reactors will come online during the period 2009-2015, which indicates a growth in demand for coolant pumps worldwide. There will also be significant demand for coolant pumps in the aftermarket as many of the existing reactors will require replacement as they complete 30 years of life online. Hence, aftermarket will also play a key role in the coolant pump sector growth.
The key driver for the nuclear coolant pump market is the growing nuclear power generation. In the medium term, upto 2015, major nuclear industry expansion will primarily be from those countries which already have nuclear power generation facilities. The industry expansion is hence one of the key driving forces for the growth of the nuclear coolant pump market. It is estimated that there is notable demand for coolant pumps in the foremarket. More than 40 countries are planning to develop nuclear commercial power facilities in the long term which will positively contribute to the growth of the commercial nuclear market.
Key Players from Europe to Benefit from Coolant Pump Market Growth
Leading players such as Areva NP, Westinghouse and Curtiss Wright Corporation are set to benefit from the growth within the coolant pumps market. Europe has some of the major nuclear industry companies, as this region has the largest number of operating nuclear reactors in the world. The major players in this sector include Areva NP and KSB Aktiengesellschaft, which will be the potential beneficiaries of the high demand for coolant pumps. These European players will be the key companies to benefit from the market growth due to better capabilities and long standing experience in this market.
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