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.
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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.
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 abovementioned period will contribute to high growth of this market.
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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.
“Global Nuclear Coolant Pump Market Analysis and Forecasts to 2015” is the latest report from GlobalData. 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.
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