Nuclear Energy Services Market Insights and Growth by 2031
MARKET INTRODUCTION
The nuclear energy services market consists of developing regulatory frameworks, strategic recommendations, improvement in the operating model and entire nuclear energy value chain. The market is expected to witness a significant growth owing to the increase in the developments of nuclear power plants across the world. With increasing environmental concerns, a significant shift towards renewable resources has been witnessed and thus a rapid increase in its demand.
MARKET SCOPE
The "Global Nuclear Energy Services Market Analysis to 2031" is a specialized and in-depth study of the Nuclear Energy Services market with a special focus on the global market trend analysis. The report aims to provide an overview of Nuclear Energy Services market with detailed market segmentation by Service Type and end user. The global Nuclear Energy Services market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Nuclear Energy Services market players and offers key trends and opportunities in the Nuclear Energy Services market.
MARKET SEGMENTATION
The global Nuclear Energy Services market is segmented on the basis of Service Type and application.
- On the basis of Service Type, the market is segmented as Engineering Services, Consulting Services, Safety Analysis Services and Others
- On the basis of End User, the market is segmented as Commercial and Industrial
MARKET DYNAMICS
Drivers:
- Rise in the development of nuclear power plants in developing countries
- Rising Demand for Electricity
Restraints:
- Increasing Costs Associated with the Construction of Nuclear Plants
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Nuclear Energy Services market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Nuclear Energy Services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Nuclear Energy Services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Nuclear Energy Services market in these regions.
IMPACT OF COVID-19 ON Nuclear Energy Services Market
The impact of the COVID-19 pandemic on the market is covered throughout the report.
COVID-19 had a negative influence on the industry since the pandemic halted activity in a variety of industries, including the development of nuclear energy power plants in several nations, and reduced the expansion of the nuclear energy services market to a substantial level by 2021. Nuclear energy power plant projects that were unable to finish their operations owing to lockdown are scheduled to resume in the next months, with industry getting back on track and recuperating after suffering losses due to the epidemic. Initially, the market for nuclear energy services is predicted to expand slowly, but it is expected to accelerate after the industries restart full-fledged operations over the forecast period owing to the increasing demand of the services across the world.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Nuclear Energy Services market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Nuclear Energy Services market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Nuclear Energy Services market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Nuclear Energy Services market in these regions.
IMPACT OF COVID-19 ON Nuclear Energy Services Market
The impact of the COVID-19 pandemic on the market is covered throughout the report.
COVID-19 had a negative influence on the industry since the pandemic halted activity in a variety of industries, including the development of nuclear energy power plants in several nations, and reduced the expansion of the nuclear energy services market to a substantial level by 2021. Nuclear energy power plant projects that were unable to finish their operations owing to lockdown are scheduled to resume in the next months, with industry getting back on track and recuperating after suffering losses due to the epidemic. Initially, the market for nuclear energy services is predicted to expand slowly, but it is expected to accelerate after the industries restart full-fledged operations over the forecast period owing to the increasing demand of the services across the world.
MARKET PLAYERS
The reports cover key developments in the Nuclear Energy Services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Nuclear Energy Services market are anticipated to lucrative growth opportunities in the future with the rising demand for aircraft brakes market. Below mentioned is the list of few companies engaged in the aircraft brakes market.
The report also includes the profiles of key Nuclear Energy Services market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- General Electric Company
- Fortum Oyj
- TWI Ltd
- Toshiba Energy Systems & Solutions Corporation
- EnergySolutions LLC
- BHI Energy, Inc.
- Smart Nuclear Energy Solutions
- VTT Technical Research Centre of Finland Ltd
- NRG Energy, Inc.
- Engie SA
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Nuclear Energy Services Market - By Service Type
1.3.2 Nuclear Energy Services Market - By End User
1.3.3 Nuclear Energy Services Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NUCLEAR ENERGY SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. NUCLEAR ENERGY SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. NUCLEAR ENERGY SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. NUCLEAR ENERGY SERVICES - GLOBAL MARKET OVERVIEW
6.2. NUCLEAR ENERGY SERVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NUCLEAR ENERGY SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENGINEERING SERVICES
7.3.1. Overview
7.3.2. Engineering Services Market Forecast and Analysis
7.4. CONSULTING SERVICES
7.4.1. Overview
7.4.2. Consulting Services Market Forecast and Analysis
7.5. SAFETY ANALYSIS SERVICES
7.5.1. Overview
7.5.2. Safety Analysis Services Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. NUCLEAR ENERGY SERVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. INDUSTRIAL
8.4.1. Overview
8.4.2. Industrial Market Forecast and Analysis
9. NUCLEAR ENERGY SERVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Nuclear Energy Services Market Overview
9.1.2 North America Nuclear Energy Services Market Forecasts and Analysis
9.1.3 North America Nuclear Energy Services Market Forecasts and Analysis - By Service Type
9.1.4 North America Nuclear Energy Services Market Forecasts and Analysis - By End User
9.1.5 North America Nuclear Energy Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Nuclear Energy Services Market
9.1.5.1.1 United States Nuclear Energy Services Market by Service Type
9.1.5.1.2 United States Nuclear Energy Services Market by End User
9.1.5.2 Canada Nuclear Energy Services Market
9.1.5.2.1 Canada Nuclear Energy Services Market by Service Type
9.1.5.2.2 Canada Nuclear Energy Services Market by End User
9.1.5.3 Mexico Nuclear Energy Services Market
9.1.5.3.1 Mexico Nuclear Energy Services Market by Service Type
9.1.5.3.2 Mexico Nuclear Energy Services Market by End User
9.2. EUROPE
9.2.1 Europe Nuclear Energy Services Market Overview
9.2.2 Europe Nuclear Energy Services Market Forecasts and Analysis
9.2.3 Europe Nuclear Energy Services Market Forecasts and Analysis - By Service Type
9.2.4 Europe Nuclear Energy Services Market Forecasts and Analysis - By End User
9.2.5 Europe Nuclear Energy Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Nuclear Energy Services Market
9.2.5.1.1 Germany Nuclear Energy Services Market by Service Type
9.2.5.1.2 Germany Nuclear Energy Services Market by End User
9.2.5.2 France Nuclear Energy Services Market
9.2.5.2.1 France Nuclear Energy Services Market by Service Type
9.2.5.2.2 France Nuclear Energy Services Market by End User
9.2.5.3 Italy Nuclear Energy Services Market
9.2.5.3.1 Italy Nuclear Energy Services Market by Service Type
9.2.5.3.2 Italy Nuclear Energy Services Market by End User
9.2.5.4 United Kingdom Nuclear Energy Services Market
9.2.5.4.1 United Kingdom Nuclear Energy Services Market by Service Type
9.2.5.4.2 United Kingdom Nuclear Energy Services Market by End User
9.2.5.5 Russia Nuclear Energy Services Market
9.2.5.5.1 Russia Nuclear Energy Services Market by Service Type
9.2.5.5.2 Russia Nuclear Energy Services Market by End User
9.2.5.6 Rest of Europe Nuclear Energy Services Market
9.2.5.6.1 Rest of Europe Nuclear Energy Services Market by Service Type
9.2.5.6.2 Rest of Europe Nuclear Energy Services Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Nuclear Energy Services Market Overview
9.3.2 Asia-Pacific Nuclear Energy Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Nuclear Energy Services Market Forecasts and Analysis - By Service Type
9.3.4 Asia-Pacific Nuclear Energy Services Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Nuclear Energy Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Nuclear Energy Services Market
9.3.5.1.1 Australia Nuclear Energy Services Market by Service Type
9.3.5.1.2 Australia Nuclear Energy Services Market by End User
9.3.5.2 China Nuclear Energy Services Market
9.3.5.2.1 China Nuclear Energy Services Market by Service Type
9.3.5.2.2 China Nuclear Energy Services Market by End User
9.3.5.3 India Nuclear Energy Services Market
9.3.5.3.1 India Nuclear Energy Services Market by Service Type
9.3.5.3.2 India Nuclear Energy Services Market by End User
9.3.5.4 Japan Nuclear Energy Services Market
9.3.5.4.1 Japan Nuclear Energy Services Market by Service Type
9.3.5.4.2 Japan Nuclear Energy Services Market by End User
9.3.5.5 South Korea Nuclear Energy Services Market
9.3.5.5.1 South Korea Nuclear Energy Services Market by Service Type
9.3.5.5.2 South Korea Nuclear Energy Services Market by End User
9.3.5.6 Rest of Asia-Pacific Nuclear Energy Services Market
9.3.5.6.1 Rest of Asia-Pacific Nuclear Energy Services Market by Service Type
9.3.5.6.2 Rest of Asia-Pacific Nuclear Energy Services Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Nuclear Energy Services Market Overview
9.4.2 Middle East and Africa Nuclear Energy Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Nuclear Energy Services Market Forecasts and Analysis - By Service Type
9.4.4 Middle East and Africa Nuclear Energy Services Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Nuclear Energy Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Nuclear Energy Services Market
9.4.5.1.1 South Africa Nuclear Energy Services Market by Service Type
9.4.5.1.2 South Africa Nuclear Energy Services Market by End User
9.4.5.2 Saudi Arabia Nuclear Energy Services Market
9.4.5.2.1 Saudi Arabia Nuclear Energy Services Market by Service Type
9.4.5.2.2 Saudi Arabia Nuclear Energy Services Market by End User
9.4.5.3 U.A.E Nuclear Energy Services Market
9.4.5.3.1 U.A.E Nuclear Energy Services Market by Service Type
9.4.5.3.2 U.A.E Nuclear Energy Services Market by End User
9.4.5.4 Rest of Middle East and Africa Nuclear Energy Services Market
9.4.5.4.1 Rest of Middle East and Africa Nuclear Energy Services Market by Service Type
9.4.5.4.2 Rest of Middle East and Africa Nuclear Energy Services Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Nuclear Energy Services Market Overview
9.5.2 South and Central America Nuclear Energy Services Market Forecasts and Analysis
9.5.3 South and Central America Nuclear Energy Services Market Forecasts and Analysis - By Service Type
9.5.4 South and Central America Nuclear Energy Services Market Forecasts and Analysis - By End User
9.5.5 South and Central America Nuclear Energy Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Nuclear Energy Services Market
9.5.5.1.1 Brazil Nuclear Energy Services Market by Service Type
9.5.5.1.2 Brazil Nuclear Energy Services Market by End User
9.5.5.2 Argentina Nuclear Energy Services Market
9.5.5.2.1 Argentina Nuclear Energy Services Market by Service Type
9.5.5.2.2 Argentina Nuclear Energy Services Market by End User
9.5.5.3 Rest of South and Central America Nuclear Energy Services Market
9.5.5.3.1 Rest of South and Central America Nuclear Energy Services Market by Service Type
9.5.5.3.2 Rest of South and Central America Nuclear Energy Services Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NUCLEAR ENERGY SERVICES MARKET, KEY COMPANY PROFILES
11.1. GENERAL ELECTRIC COMPANY
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. FORTUM OYJ
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. TWI LTD
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TOSHIBA ENERGY SYSTEMS & SOLUTIONS CORPORATION
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENERGYSOLUTIONS LLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BHI ENERGY, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SMART NUCLEAR ENERGY SOLUTIONS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VTT TECHNICAL RESEARCH CENTRE OF FINLAND LTD
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NRG ENERGY, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ENGIE SA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.General Electric Company
2.Fortum Oyj
3.TWI Ltd
4.Toshiba Energy Systems & Solutions Corporation
5.EnergySolutions LLC
6.BHI Energy, Inc.
7.Smart Nuclear Energy Solutions
8.VTT Technical Research Centre of Finland Ltd
9.NRG Energy, Inc.
10.Engie SA
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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