New Projects, Nuclear, Reactors

Global nuclear power and equipment market to grow to $67bn by 2019

A report from MarketsandMarkets says the global nuclear power and equipment market will increase to $67.23 billion by 2019.

The report compared equipment by reactor type and region, including the Babcock & Wilcox (NYSE: BWC)’s Generation mPower small modular reactor, China’s CPR 1000, Areva’s European Pressurized Reactor, and a boiling water reactor. It estimates the global power and equipment market by intensity of nuclear activities and developments.

It estimates that the market would increase to more than $60 billion with a compound annual growth rate of 3.41 percent from 2014 to 2019.

Asia-Pacific is the largest market in the industry due to the high number of nuclear power plants, followed by Europe. North and South America are considered emerging markets that will continue to dominate in the future, the report said.

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