A nuclear reactor is a device in which nuclear fission can take place to generate heat and electricity. In a typical light water reactor, water is both the moderator – a substance that slows down neutrons so they are more likely to be captured by uranium atoms- and the coolant. The water in the reactor core boils to produce steam, which turns a turbine connected to an electric generator. Nuclear reactors are classified by energy level, fuel type, moderator, coolant, and purpose. Reactors range in size from household devices to gigantic plants that power cities. The first nuclear reactors were built in the 1940s as part of the Manhattan Project to develop atomic weapons. These reactors were used for research into nuclear physics and the production of plutonium for bombs. In 1952, the world’s first civilian power plant was built in Obninsk, Russia.
The Global Nuclear Reactor Market is expected to grow at a CAGR of roughly 3.9% over the next ten years and will reach USD 55.04 Mn in 2028, from USD 37.46 Mn in 2018, according to a new Market.us (Prudour Research) study.
The global nuclear reactor market is expanding rapidly as nations worldwide seek to diversify their energy mix and reduce their reliance on fossil fuels. The nuclear industry is expected to invest $1 trillion in new reactors over the next two decades, with China and India leading the way in terms of new build projects. There are currently 442 operational nuclear reactors across the globe, with a further 63 under construction. The majority of these are located in developed countries such as the United States, France and Japan. However, there is an increasing number of reactors being built in emerging markets such as China and India.
The rise in global nuclear capacity is being driven by a number of factors, including climate change concerns, the need for improved energy security and the falling cost of nuclear power.
The market for nuclear reactors is growing due to the increasing demand for electricity. The need for clean energy sources is also driving the growth of the nuclear reactor market. The Asia-Pacific region is expected to be the largest market for nuclear reactors due to the increasing population and economic growth in the region.
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Key Market Players included in the report:
Mallinckrodt
Purdue Pharma
Noramco(Johnson & Johnson)
Siegfried
Cepia-Sanofi
Macfarlan Smith
Chattem Chemicals(Sun Pharma)
Temad
Key Market Segments
Type
Pressurized water reactor (PWR)
Boiling water reactor (BWR)
Pressurized heavy water reactor (PHWR)
Gas-cooled reactor (AGR & Magnox)
Fast neutron reactor (FBR)
Light water graphite reactor (RBMK & EGP)
Application
Generating electricity
Moving aircraft carriers and submarines
Key regions divided during this report:
– The Middle East and Africa Tequila Market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
– North America Tequila Market (United States, Canada, Mexico)
– Asia Pacific Tequila Market (China, Korea, India, Southeast Asia)
– South America Tequila Market (Brazil, Argentina, Colombia)
– Europe Tequila Market (Germany, UK, France, Russia, Italy)
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