Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Nuclear Main Steam and Feed Water Isolation Valves Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.5% during the review period (2022 to 2027).
Nuclear Main Steam and Feed Water Isolation Valves are equipment that prevents the main reactor coolant system (or other systems) from becoming contaminated. Nuclear steam supply systems are used in all nuclear power plants, to provide feedwater for water-cooled reactors or heating of pressurized heavy water reactors.
The increasing number of power plants across the globe coupled with stringent regulations related to safety, containment, and the environment are driving the growth of this market. The market is further poised for strong growth during the forecast period due to the growing requirement of valves by the chemical industry. Furthermore, nuclear power plants are expected to be major drivers of this market as they will require more valves than ever before.
Nuclear power plants are usually located in remote areas with no proper source of water supply, which necessitates the use of isolation valves for feedwater circulation. These valves ensure the continuous supply of feedwater to reactors without any leakage during power outages or natural disasters such as earthquakes or floods, thereby maintaining safe operating conditions at nuclear facilities across the globe.The oil & gas industry accounted for 12% share in previous year and is anticipated to grow at a steady growth rate over the forecast period owing to rising demand from countries such as Saudi Arabia, UAE, and Russia for onshore exploration activities coupled with offshore developments in deep waters globally including Brazil, South Africa, and China among others.
The global Nuclear Main Steam and Feed Water Isolation Valves include identification and analysis of the various market participants competing in the global market. Prominent competitors include Weir Group PLC (LON: WEIR), Flowserve Corp, Tyco International, Crane, Velan, Curtiss-Wright Corp., and others.
Industry News and Updates:
June 24, 2021:Curtiss-Wright Corporation (NYSE: CW) announced that it has been selected to participate in Project SAFARI, a U.S. Department of Energy-funded project to develop Digital Twin technology for advanced nuclear reactors.
27 February 2020 - Curtiss-Wright Corporation (NYSE: CW) announced that it has acquired the stock of Dyna-Flo Control Valve Services Ltd. (Dyna-Flo) for CAD$81 million (US$62 million) in cash. Dyna-Flo is a leading designer and manufacturer of linear and rotary control valves, isolation valves, actuators, and level and pressure control systems for the chemical, petrochemical, and oil and gas markets.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
North America has a strong focus on Nuclear Main Steam and Feed Water Isolation Valves. The United States and Canada are focusing on Nuclear Main Steam and Feed Water Isolation Valves plant life extension while discovering the potential for small modular reactors. The United States operates the largest fleet of Nuclear Main Steam and Feed Water Isolation Valves plants (NPP) in the world, with 60 NPP in almost 30 states, generating almost 20% of the country’s electricity. Moreover, the United States holds the largest installed nuclear electricity generation capacity, which is approximately 99.6 million kilowatts. In recent years, the United States has been building a few new NPPs. Two of them are new Westinghouse AP1000 reactors at Vogtle in Georgia, which are scheduled to start operating in November 2021 and November 2022, respectively. Additionally, some small modular reactor (SMR) demonstration units are planned in 2020.
US Canada
The Nuclear Main Steam and Feed Water Isolation Valves Market describe the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Nuclear Main Steam and Feed Water Isolation Valves Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.0% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Weir Group PLC (LON: WEIR), Flowserve Corp, Tyco International, Crane, Velan, Curtiss-Wright Corp. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 131 |
Customization Available | Yes, the report can be customized as per your |
Key Takeaways from this Nuclear Main Steam and Feed Water Isolation Valves Report
Frequently Asked Questions
What is the study period of this market?
The Nuclear Main Steam and Feed Water Isolation Valves Market is studied from 2017 - 2027.
What is the growth rate of Nuclear Main Steam and Feed Water Isolation Valves Market?
The Nuclear Main Steam and Feed Water Isolation Valves Market is growing at a CAGR of 4.5% over the next 5 years.
Who are the key players in Nuclear Main Steam and Feed Water Isolation Valves Market?
Weir Group PLC (LON: WEIR), Flowserve Corp, Tyco International, Crane, Velan, Curtiss-Wright Corp.
What regions does this Nuclear Main Steam and Feed Water Isolation Valves Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Nuclear Main Steam and Feed Water Isolation Valves Market?
Manual Valves, Motor Valves, Pneumatic Valves, Hydraulic Valves, Solenoid Valves
What are the major end-use applications of the Nuclear Main Steam and Feed Water Isolation Valves Market?
Municipal, Chemical, Oil & Gas, Power Industry, Others
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SECONDARY RESEARCH
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PRIMARY RESEARCH
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MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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