Overview of the global nuclear deaerator market

Several countries are taking initiatives to prevent adverse environmental impact, health risks, air and land pollution, and global warming by cutting down carbon emissions. This is encouraging manufacturers to adopt nuclear fuels with reduced emissions of CO2, SO2, NOx, and other greenhouse gases (GHGs). This will propel growth of the global nuclear power industry. The lifecycle emissions in nuclear plants are much lower and nearly equivalent to the lifecycle emissions of renewable energy sources such as the wind, solar, and geothermal power generation. This will increase the adoption of such clean energy sources, which according to our research analysts will be one of the major factors that will have a positive impact on the growth of the nuclear deaerator market. Nuclear power provides uninterrupted power supply and does not produce emissions in operations. This will drive the adoption of nuclear energy in nations such as China, the US, India, and Russia, subsequently, driving the need for nuclear deaerators. Technavio's market research analysts predict that this market will register a revenue of almost USD 11 million by 2021.

The rising use of nuclear power in Asia is one of the key trends that will gain traction in the global nuclear deaerator market throughout the forecast period. Asian economies such as China and India are heavily investing in nuclear power generation due to the rising energy demand and the excessive amount of greenhouse gas (GHG) emissions from coal-fired power plants. During the next few years, China will contribute to more than half of the growth of the nuclear power industry in Asia.

Competitive landscape and key vendors

The market is characterized by the presence of several large and medium international and regional players. Small and medium scale enterprises in the nuclear deaerator tank market find it very difficult to enter the market. The domestic deaerator manufacturers have the ability to compete with the international players since the procurement of deaerators from local vendors reduces the lead time, cost of equipment, and business risks.

Key vendors in this market are -

• Doosan Heavy Industries & Construction
• Power Machines
• Sterling Deaerator
• STORK

Other prominent vendors in the market include Balcke-Dürr, BGR Energy Systems, BHEL, General Electric, United Heavy Machinery Plants, Thermax Global, and Walter Tosto.

Segmentation by demand type and analysis of the nuclear deaerator market

• New demand
• Replacement demand

A significant majority of nuclear reactors are under construction in countries such as China, India, Russia, and the US. The demand for the construction of nuclear ro plants has increased in APAC and the Middle East over the last few decades. The growth in the nuclear power industry in China, India, and Russia in EMEA will boost the demand for nuclear power plants in these regions. This will in turn, drive the growth of the nuclear deaerator tank market.

Segmentation by geography and analysis of the nuclear deaerator market

• Americas
• APAC
• EMEA

There are around 188 active nuclear reactors in EMEA. The adoption of nuclear deaerators in EMEA is high for both new installations and replacements. The countries in eastern Europe are making plans for capacity additions. France and the UK will witness a replacement demand for deaerator tanks, whereas, countries such as Russia, the UK, UAE, Ukraine, and Turkey will witness the demand for new deaerators installations.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global nuclear deaerator market?
• What are the key market trends impacting the growth of the global nuclear deaerator market?
• What are the challenges to market growth?
• Who are the key vendors in the global nuclear deaerator market?
• What are the market opportunities and threats faced by the vendors in the global nuclear deaerator market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global nuclear deaerator market?

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