SOURCE: MarketResearch.com

MarketResearch.com

February 28, 2011 11:18 ET

Nuclear Industry Expansion Enhances the Growth of the Safety Injection Pumps Market

ROCKVILLE, MD--(Marketwire - February 28, 2011) - MarketResearch.com has announced the addition of GlobalData's new report, "Nuclear Safety Injection Pumps - Global Market Size, Competitive, Product, Regional and Pricing Analysis to 2020," to their collection of Nuclear Power market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6082595.

Demand from new nuclear power stations is set to drive the safety injection pumps market. There are more than 60 new nuclear reactors that are in the under construction phase across the globe, which are expected to come online during the forecast period 2010-2020, which indicates a growth in demand for nuclear safety injection pumps worldwide. There will be demand for the equipment in the replacement market as many of the existing reactors will require a replacement once they complete 25-30 years of operational life. In the long term, most of the demand for the safety injection pumps will be primarily due to new reactors in nuclear power producing countries, as well as the potential nuclear industry development in emerging nuclear countries. More than 10 new nuclear power reactors are expected to come online during the forecast period 2010-2020 in emerging nuclear power economies such as Bangladesh, Turkey, Egypt, Jordan, the UAE (United Arab Emirates), Tunisia and Nigeria. This will enhance the growth of the safety injection pumps market in the next ten years.

Europe and Asia-Pacific are expected to show strong demand for nuclear safety injection pumps during the forecast period 2010-2020. During the forecast period 2010-2020, the estimated demand for safety injection pumps in Europe is expected to reach 683 units, followed by Asia-Pacific with 345 units and North America with 206 units. The increased demand from these regions will result in the sustained growth of the nuclear safety injection pumps market.

Year-on-year demand for the safety injection pumps around the globe will increase from 77 units in 2010 to 101 units in 2020, showing an average annual growth rate (AAGR) of 2.71% during this period. The cumulative revenue of the safety injection market is expected to reach $180.89m during 2010-2020, increasing at an AAGR of 9.02% between 2010 and 2020. The global estimated cumulative demand for the safety injection pumps will reach to 1,273 units during the forecast period 2010-2020. Major demand for safety injection pumps will be from the replacement market during the forecast period 2010-2020.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6082595.

Contact Information