Market Size of South America Nuclear Reactor Construction Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > -0.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Nuclear Reactor Construction Market Analysis
The South America nuclear reactor construction market is expected to decline at a CAGR of around 0.5% during the forecast period of 2020 - 2025. Factors such as shift of energy generation from oil and gas towards nuclear energy is expected to be major driver driving the market. Also, advancement in technology, leading to an increase in efficiency and reliability of modern nuclear power plants, has been a significant factor for the growth of the South America nuclear reactor construction market. However, renewable sources of energy making nuclear power uneconomical has somewhat hampered the growth of the market.
- The pressurized water reactor has dominated the market in recent years and is expected to dominate the market in the forecast period, owing to factors like low cost operating reactor, as both the coolant and the moderator used in the reactor is light water and relatively higher controllable and safer nature of the reactor.
- The increase in electricity demand in the region is expected to provide an excellent opportunity for the South America nuclear reactor construction market in the forecast period.
- Argentina is expected to dominate the market, over rising concerns over pollution from energy plants based on coal and rising electricity demand.
South America Nuclear Reactor Construction Industry Segmentation
The South America nuclear reactor construction market report include:
| Geography | |
| Brazil | |
| Argentina | |
| Rest of South America |
South America Nuclear Reactor Construction Market Size Summary
The South America nuclear reactor construction market is poised for a modest decline in growth over the forecast period, influenced by a shift in energy generation preferences from oil and gas to nuclear energy. Technological advancements have enhanced the efficiency and reliability of modern nuclear power plants, contributing to the market's development. However, the rise of renewable energy sources has posed challenges, making nuclear power less economically attractive. The pressurized water reactor (PWR) has been the dominant technology in the region, favored for its cost-effectiveness and safety features. The increasing demand for electricity in South America presents a significant opportunity for the nuclear reactor construction market, with Argentina expected to lead due to its proactive stance on nuclear energy and efforts to address pollution from coal-based energy plants.
Argentina's nuclear reactor construction market is anticipated to experience notable growth, driven by its active engagement in the sector and ongoing projects such as the domestically-designed small modular reactor, CAREM 25. Despite delays, Argentina's collaboration with international entities like the China National Nuclear Corporation and Russia for future nuclear power plants underscores its commitment to expanding its nuclear capabilities. The market, though consolidated, features key players such as China National Nuclear Corporation and SNC-Lavalin Inc., which are instrumental in shaping the region's nuclear landscape. These developments highlight the potential for growth in the South American nuclear reactor construction market, despite the challenges posed by competing energy sources.
South America Nuclear Reactor Construction Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Market Size and Demand Forecast in USD billion, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraints
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1.6 Supply Chain Analysis
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1.7 Porter's Five Forces Analysis
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1.7.1 Bargaining Power of Suppliers
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1.7.2 Bargaining Power of Consumers
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1.7.3 Threat of New Entrants
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1.7.4 Threat of Substitutes Products and Services
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1.7.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Geography
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2.1.1 Brazil
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2.1.2 Argentina
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2.1.3 Rest of South America
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South America Nuclear Reactor Construction Market Size FAQs
Who are the key players in South America Nuclear Reactor Construction Market?
China National Nuclear Corporation and SNC-Lavalin Inc. are the major companies operating in the South America Nuclear Reactor Construction Market.
What years does this South America Nuclear Reactor Construction Market cover?
The report covers the South America Nuclear Reactor Construction Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the South America Nuclear Reactor Construction Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
