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Feedwater Heaters for Nuclear Power-Global Market Size, Competitive Landscape and Key Country...
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"Asia’s Energy Need Driving Global Nuclear Feedwater Heater Market
Asia’s increasing demand for nuclear energy will see the region become the number one consumer of nuclear feedwater heaters by 2020, states research and consulting firm GlobalData.
The company’s latest report* forecasts Asian demand for nuclear feedwater heaters to reach 594 units between 2013 to 2020, more than 30% greater than the demand in the Europe – the second largest market in terms of volume – during the same period.
Due to the relatively small number of nuclear power plants in Asia at present, the majority of these feedwater heaters will be employed in new installations, rather than in existing plants, as is expected to be the case across North America and Europe.
Nuclear power generation across Asia-Pacific will rocket over the next decade due to surging energy requirements and a need to diversify an energy mix heavily reliant on coal. From 331,720 GWh in 2012, nuclear power generation in the region is expected to hit 901,380 GWh in 2020, climbing at a Compound Annual Growth Rate (CAGR) of 13.3%.
Although Asia is expected to dominate the industry in sheer volume demand, GlobalData believes Europe will actually present the greatest market value over the report’s forecast period, owing to higher manufacturing and material costs. During 2013-2020, Europe’s nuclear feedwater market value is anticipated to reach an aggregate value of $375.9m – marginally more than the Asian market’s forecast total of $374.91m.
* Feedwater Heaters for Nuclear Power - Global Market Size, Competitive Landscape and Key Country Analysis to 2020
This report provides insight on the development of the global nuclear power industry and market analysis for feedwater heaters used in nuclear power market.
This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts."