United States Nuclear Power Plant Market Size, Share, Growth & Forecast Research Report 2020-2025

A floating nuclear power plant in Russia will soon begin a 4,000-mile journey across the Arctic Ocean.

Construction of the plant started more than a decade ago.

This month, it's expected to arrive in the port of Pevek, where it will supply power to a remote region of Russia.

Visit Business Insider's homepage for more.

This month, it is finally slated to arrive, but first the plant must complete a 4,000-mile ocean voyage.

The plant, called Akademik Lomonosov, is expected to supply electricity to an estimated 100,000 homes in a remote, far-east region of Russia — Pevek is an Arctic port and the nation's northernmost town.

Market ScenarioGlobal Nuclear Power Plant and Equipment Market was valued US$ 36.2 Bn and is estimated to reach US$ 49.8 Bn by 2026 at a CAGR of 4 % during the forecast.Global nuclear power plant and equipment market is segmented by reactor, by equipment and by region.

Based on reactor type nuclear power plant and equipment market is segmented into high temperature gas-cooled reactor (HTGR), pressurized water reactor (PWR), boiling water reactor (BWR), pressurized heavy water reactor (PHWR), fast breeder reactor (FBR), and others.

In terms of equipment, global nuclear power plant and equipment market is divided into island equipment and auxiliary equipment.

Whereas, high initial cost of nuclear power equipment and alternatives limits the market growth.

Nuclear electricity generation capacity in the Middle East is expected to grow from 3.6 GW to 13.9 GW by 2026.Global Nuclear Power Plant and Equipment MarketPressurized water reactor type segment held about two third of market share in 2017.

Main advantage of pressurized water reactor is it is easy to operate because less power is being produced as the heat increases.

Research Nester has released a report titled “U.S.

Nuclear Plant Services Market: Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.The United States is considered to be one of the major hotspots for nuclear plant decommissioning.

Being one of the world’s largest producers of nuclear power, the nation has recorded availability of several non-functional nuclear plants after operating for several past years.

As a result, there is a growing need for repair and maintenance of these nuclear plants, which is anticipated to drive the growth of the market.

The U.S. nuclear plant services market is anticipated to grow with a CAGR of 3.65% during the forecast period, i.e., 2021-2028, and further touch USD 26,630.5 Million by 2028 from USD 19,776.4 Million in the year 2019.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-3035The market is segmented by plant type into pressured water plant, boiling water plant, pressurized heavy water plant, gas-cooled plant, and others.

Out of these segments, the pressured water plant segment registered the largest market share in the year 2019 and is further projected to attain a value of USD 13577.06 Million by the end of 2021.

Research Nester has released a report titled “U.S.

Nuclear Plant Services Market: Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.The United States is considered to be one of the major hotspots for nuclear plant decommissioning.

Being one of the world’s largest producers of nuclear power, the nation has recorded the availability of several non-functional nuclear plants after operating for several past years.

The U.S. nuclear plant services market is anticipated to grow with a CAGR of 3.65% during the forecast period, i.e., 2021-2028, and further touch USD 26,630.5 Million by 2028 from USD 19,776.4 Million in the year 2019.Download Sample of This Strategic Report: https://www.researchnester.com/sample-request-3035The market is segmented by plant type into pressured water plant, boiling water plant, pressurized heavy water plant, gas-cooled plant, and others.

Factors such as the easy controllability and safety features associated with these plant types are expected to drive the growth of the segment throughout the forecast period.However, the concern for the high cost of setting up a new nuclear plant and the increasingly stringent government regulations for setting up nuclear plants are some of the factors expected to hamper the market growth.This report also provides the existing competitive scenario of some of the key players of the U.S. nuclear plant services market, which includes company profiling of GE Hitachi Nuclear Energy (GEH), AECOM (NYSE: ACM), Bechtel Corporation, BHI Energy, Westinghouse Electric Company LLC, EnergySolutions, Mitsubishi Nuclear Energy Systems, Inc., and others.“The Final Report will cover the impact analysis of COVID-19 on this industry.”Download/Request Sample Copy of Strategic Report:  https://www.researchnester.com/sample-request-3035The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments.

Nuclear Plant Services Market: Demand Analysis & Opportunity Outlook 2028”, analyses the overall U.S. nuclear plant services industry to help new entrants to understand the details of the market.