Lucintel's latest market report analyzed that nuclear power plant equipment provides attractive opportunities in the island equipment and auxiliary equipment market. The nuclear power plant equipment market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, Pressurized water reactor (PWR) is the largest segment by reactor type, whereas island equipment is largest by equipment type.
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Based on reactor type, the nuclear power plant equipment market is segmented into pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), high temperature gas-cooled reactor (HTGR), and others. The Pressurized water reactor (PWR) segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its stability at high temperatures, rising number of projects and investments related to pressurized water reactors, and the ability of this reactor to prevent water contaminated from radioactive materials which also prevents the environmental damages.
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The Nuclear Power Plant Equipment Market is marked by the presence of several big and small players. Some of the prominent players offering nuclear power plant equipment include BWX Technologies, Dongfang Electric, Doosan, General Electric, Korea Electric Power, Larsen & Toubro, Mitsubishi Heavy Industries, Alstom SA, The State Atomic Energy, and Toshiba International.
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