What is the current South America Nuclear Power Plant Equipment Market size?

The South America Nuclear Power Plant Equipment Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029) Read More

Who are the key players in South America Nuclear Power Plant Equipment Market?

China National Nuclear Corporation , Rosatom State Atomic Energy Corporation , Dongfang Electric Corporation Limited , Westinghouse Electric Company LLC and Centrais Eletricas Brasileiras SA are the major companies operating in the South America Nuclear Power Plant Equipment Market. Read More

What years does this South America Nuclear Power Plant Equipment Market cover?

The report covers the South America Nuclear Power Plant Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Nuclear Power Plant Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

South America Nuclear Power Plant Equipment Market Trends

Statistics for the 2023 & 2024 South America Nuclear Power Plant Equipment market trends, created by Mordor Intelligence™ Industry Reports. South America Nuclear Power Plant Equipment trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of South America Nuclear Power Plant Equipment Industry

Pressurized Water Reactors to Dominate the Market

A commercial PWR typically has a core inside the reactor vessel that generates heat. High-pressure liquid water cools and moderates the reactor pressure vessel (RPV), which contains nuclear fuel, a moderator, control rods, and coolant. A pressurizer, control roadways, reactor coolant pumps, steam generators, reactor coolant generators, and other components make up a PWR.
As of November 2022, Argentina had three operating nuclear reactors that generated around 7% of total electricity. The country is constructing a small-scale, advanced pressurized water reactor (PWR) named Carem25 with a total capacity of 25 MWe.
As of 2022, according to International Atomic Energy Agency statistics, the total operational pressurized water reactor (PWR) in Brazil accounted for two reactors, and Argentina accounted for one reactor.
The South American region witnessed a growth in nuclear energy. In 2021, Argentina generated around 10.8 TWh of electricity from the nuclear power plant.
Thus, such developments in the region are expected to support the South American nuclear power plant equipment market during the forecast period.

South America Nuclear Power Plant Equipment Market: Operational Pressurized Water Reactor (PWR), South America, 2022

Understand The Key Trends Shaping This Market

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Brazil to Dominate the Market

As of November 2022, Brazil had two operating nuclear power plants. In 2022, nuclear power amounted to 3% of the total electricity generation in the country. The nuclear power operable capacity of Brazil is around 1.88 GWe.
The Brazilian nuclear power sector is expected to grow significantly. The country has also restarted work on the Angra 3 nuclear power project. In terms of the facility's civil works, the plant is currently 67.1% finished, and the whole project is 58.4% finished. The plant should be finished between 2024 and 2026.
Brazil witnessed growth in electricity generation from nuclear energy. The country generated 14.7 TWh in 2021, compared to 14.1 TWh in 2020.
On the other side, with no additional plans for the construction of a new nuclear power plant, the demand for nuclear equipment is likely to be restrained during the forecast period.