Nuclear Industry Expansion to Drive the Growth of the Coolant Pump Market

Global Nuclear Coolant Pump Market Analysis andEurope and Asia-Pacific to Play Key Roles in the
Forecasts to 2015Nuclear Coolant Pump Market
The report covers global nuclear power industryThe European and Asia Pacific regions are
development, its growth trajectory and theexpected to show strong demand for nuclear
demand for primary coolant pump equipment incoolant pumps between 2009 and 2015. Europe is
the global nuclear market. It providesa key market for the coolant pump industry as
comprehensive information on the market size ofmany of the existing reactors will require coolant
coolant pumps used in the commercial nuclearpump replacement. During 2009–2015, the
facilities. Coolant pumps play a crucial role inEuropean region is expected to show the highest
nuclear facilities both for normal activities and fordemand of 336 coolant pump units followed by
increased safety of nuclear power reactorthe Asia Pacific region with 148 units and the
operations. Demand and revenue forecasts ofNorth American region with 108 units. Increased
coolant pumps used in commercial nuclear powerdemand from these regions will result in sustained
facilities are examined in the report. This report isgrowth of the nuclear coolant pump market.
built using data and information sourced fromNuclear Coolant Pump Market to Show Notable
proprietary databases, primary and secondaryRevenue Growth
research and in house analysis. ( )Year-on-year demand for coolant pumps around
Nuclear Industry Expansion to Drive the Growththe globe is expected to rise from 2009 through
of the Coolant Pump Market2015. During this period, this number is expected
Demand from new and existing nuclear powerto rise from 48 in 2009 to 108 in 2015, growing
stations is set to drive the coolant pump market.at an average annual growth rate (AAGR) of
It is expected that about 43 new reactors will13.51%. This market is expected to reach $1,520
come online during the period 2009-2015, whichm in 2015, growing at an AAGR of 18.39%
indicates a growth in demand for coolant pumpsbetween 2009 and 2015. Increased replacement
worldwide. There will also be significant demandof coolant pumps within the abovementioned
for coolant pumps in the aftermarket as many ofperiod will contribute to high growth of this
the existing reactors will require replacement asmarket.
they complete 30 years of life online. Hence,Key Players from Europe to Benefit from Coolant
aftermarket will also play a key role in the coolantPump Market Growth
pump sector growth. The key driver for theLeading players such as Areva NP, Westinghouse
nuclear coolant pump market is the growingand Curtiss Wright Corporation are set to benefit
nuclear power generation. In the medium term,from the growth within the coolant pumps
upto 2015, major nuclear industry expansion willmarket. Europe has some of the major nuclear
primarily be from those countries which alreadyindustry companies, as this region has the largest
have nuclear power generation facilities. Thenumber of operating nuclear reactors in the world.
industry expansion is hence one of the key drivingThe major players in this sector include Areva NP
forces for the growth of the nuclear coolantand KSB Aktiengesellschaft, which will be the
pump market. It is estimated that there is notablepotential beneficiaries of the high demand for
demand for coolant pumps in the foremarket.coolant pumps. These European players will be the
More than 40 countries are planning to developkey companies to benefit from the market
nuclear commercial power facilities in the longgrowth due to better capabilities and long standing
term which will positively contribute to the growthexperience in this market.
of the commercial nuclear market.