세계의 원자력 발전소 제어 시스템 시장 전망(-2030년) : 시스템 유형별, 원자로 유형별, 기술별, 최종사용자별, 지역별 분석

According to Stratistics MRC, the Global Nuclear Power Plant Control System Market is accounted for $648.07 million in 2023 and is expected to reach $1061.27 million by 2030 growing at a CAGR of 7.3% during the forecast period. A nuclear power plant control system is a complex network of hardware and software designed to monitor, regulate, and manage the operation of nuclear reactors and associated processes. It ensures safe and efficient operation, controls reactor power levels, manages safety systems, and facilitates communication between different plant subsystems.

According to the International Energy Agency (IEA), global energy needs are expected to rise by 26% by 2050.

Market Dynamics:

Driver:

Growing demand for electricity

The growing demand for electricity serves as a significant driver in the nuclear power plant control system market. As global energy consumption rises, particularly in emerging economies and industrialized nations, there is an increasing need for reliable and sustainable power generation. Nuclear power plants offer a stable source of electricity with low greenhouse gas emissions. Consequently, the demand for advanced control systems to enhance operational efficiency, safety, and regulatory compliance in nuclear facilities continues to grow steadily.

Restraint:

Complex regulatory approvals

The stringent regulatory frameworks governing nuclear energy necessitate extensive approval processes for the design, implementation, and operation of control systems. Compliance with safety standards, environmental regulations, and licensing requirements adds time and costs to project timelines. Additionally, evolving regulatory landscapes and varying requirements across jurisdictions further complicate the approval process, posing challenges for vendors and operators in the nuclear power plant control system market.

Opportunity:

Development of small modular reactors (SMRs)

SMRs offer numerous advantages, including lower upfront costs, enhanced safety features, and scalability, making them attractive for various applications, including remote locations and microgrid installations. As SMRs gain momentum worldwide, there is a growing need for advanced and adaptable control systems to efficiently manage their operation and ensure safety and reliability, thereby driving growth in the nuclear power plant control system market.

Threat:

Competition from alternative energy sources

With an increasing focus on renewable energy sources like solar, wind, and hydroelectric power, nuclear energy faces challenges in terms of cost competitiveness, public perception, and environmental concerns. Governments and utilities are increasingly investing in renewable energy technologies, reducing their reliance on nuclear power. This shifting energy landscape could lead to decreased demand for nuclear power plant control systems and impact the market's growth potential.

Covid-19 Impact:

The COVID-19 pandemic has affected the nuclear power plant control system market by disrupting supply chains, delaying projects, and impacting workforce availability. Travel restrictions and safety protocols have hindered maintenance and upgrade activities, leading to operational challenges. Additionally, economic uncertainties and reduced energy demand have slowed investments in new nuclear projects. Despite these setbacks, the market has shown resilience, with ongoing efforts to adapt to the changing landscape and ensure the safe and reliable operation of nuclear power plants.

The light water reactors (LWRs) segment is expected to be the largest during the forecast period

The light water reactors (LWRs) segment is projected to dominate the nuclear power plant control system market during the forecast period. LWRs are the most common type of nuclear reactors globally, known for their reliability, safety, and established technology. As a result, there is a larger installed base of LWRs compared to other reactor types, driving demand for control systems tailored to their specific requirements. Additionally, ongoing upgrades and modernization initiatives further contribute to the growth of this segment.

The cybersecurity systems segment is expected to have the highest CAGR during the forecast period

The cybersecurity systems segment is anticipated to experience a significant growth rate in the nuclear power plant control system market during the forecast period. This growth can be attributed to increasing concerns regarding cyber threats and the critical need to safeguard nuclear power plants against cyberattacks. With the rising adoption of digital technologies and interconnected systems in nuclear facilities, there is a growing demand for robust cybersecurity solutions to mitigate risks and ensure the secure operation of these plants.

Region with largest share:

The North American region is positioned to dominate the nuclear power plant control system market by capturing the largest market share due to several factors. These include the significant number of operational nuclear power plants in the region, ongoing modernization and upgrade initiatives to enhance safety and efficiency, and stringent regulatory frameworks driving investments in control system upgrades. Additionally, the presence of established market players and technological advancements further bolster North America's leadership in the nuclear power plant control system market.

Region with highest CAGR:

Asia Pacific is poised to witness lucrative expansion in the nuclear power plant control system market due to increasing demand for electricity in emerging economies, growing investments in nuclear power infrastructure, and government initiatives to reduce reliance on fossil fuels. Moreover, the region's focus on enhancing nuclear safety and efficiency through modern control systems contributes to the market's potential. This favorable environment positions Asia Pacific for significant growth opportunities.

Key players in the market

Some of the key players in Nuclear Power Plant Control System Market include ABB Ltd, Areva S.A., BAE Systems plc, China National Nuclear Corporation (CNNC), Doosan Enerbility Co., Ltd., Emerson Electric Co., General Electric, Hitachi, Ltd., Honeywell International Inc., L&T Electrical & Automation, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG, Toshiba Corporation, Westinghouse Electric Company LLC, Wood Group plc and Yokogawa Electric Corporation.

Key Developments:

In January 2024, GE Vernova's nuclear business, GE Hitachi Nuclear Energy (GEH), welcomed confirmation it has been awarded a £33.6 million UK Future Nuclear Enabling Fund (FNEF) grant from the Department for Energy Security & Net Zero (DESNZ). The UK Government has ambitions for 24 GW of nuclear by 2050 to help in providing energy security for the UK and for meeting net zero.

In July 2023, Worldgrid, an affiliate of Eviden specialised in energy management solutions and nuclear control systems, and Schneider Electric will supply the Level 1 standard control systems for EDF's six planned nuclear power plants (EPR2). Worldgrid and Schneider Electric are preparing work to design, qualify and build the future Level 1 standard control systems for the two nuclear units.

Service Types Covered:

• Reactor Control Systems
• Turbine Control Systems
• Balance of Plant (BoP) Control Systems
• Cybersecurity Systems

Reactor Types Covered:

• Light Water Reactors (LWRs)
• Heavy Water Reactors (HWRs)
• Other Reactor Types

Technologies Covered:

• Digital Instrumentation & Control (I&C) Systems
• Fieldbus Communication Protocols
• Human-Machine Interface (HMI) Systems
• Programmable Logic Controllers (PLCs)
• Supervisory Control & Data Acquisition (SCADA) Systems

End Users Covered:

• Engineering, Procurement, and Construction (EPC) Contractors
• Nuclear Power Plant Operators
• Nuclear Research Organizations
• Utilities & Power Generation Companies
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Technology Analysis
• 3.7 End User Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Nuclear Power Plant Control System Market, By System Type

• 5.1 Introduction
• 5.2 Reactor Control Systems
  • 5.2.1 Neutron Monitoring Systems
  • 5.2.2 Reactor Protection Systems
  • 5.2.3 Rod Control Systems
  • 5.2.4 Safety Shutdown Systems
• 5.3 Turbine Control Systems
  • 5.3.1 Generator Control Systems
  • 5.3.2 Main Steam Isolation Valves (MSIVs)
  • 5.3.3 Turbine Bypass Systems
• 5.4 Balance of Plant (BoP) Control Systems
  • 5.4.1 Cooling System Control
  • 5.4.2 Emergency Diesel Generators (EDGs)
  • 5.4.3 Waste Management Systems
• 5.5 Cybersecurity Systems

6 Global Nuclear Power Plant Control System Market, By Reactor Type

• 6.1 Introduction
• 6.2 Light Water Reactors (LWRs)
  • 6.2.1 Boiling Water Reactors (BWRs)
  • 6.2.2 Pressurized Water Reactors (PWRs)
  • 6.2.3 Small Modular Reactors (SMRs)
• 6.3 Heavy Water Reactors (HWRs)
  • 6.3.1 Fast Neutron Reactors (FNRs)
  • 6.3.2 Gas-cooled Reactors (GCRs)
• 6.4 Other Reactor Types

7 Global Nuclear Power Plant Control System Market, By Technology

• 7.1 Introduction
• 7.2 Digital Instrumentation & Control (I&C) Systems
• 7.3 Fieldbus Communication Protocols
• 7.4 Human-Machine Interface (HMI) Systems
• 7.5 Programmable Logic Controllers (PLCs)
• 7.6 Supervisory Control & Data Acquisition (SCADA) Systems

8 Global Nuclear Power Plant Control System Market, By End User

• 8.1 Introduction
• 8.2 Engineering, Procurement, and Construction (EPC) Contractors
• 8.3 Nuclear Power Plant Operators
• 8.4 Nuclear Research Organizations
• 8.5 Utilities & Power Generation Companies
• 8.6 Other End Users

9 Global Nuclear Power Plant Control System Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 ABB Ltd
• 11.2 Areva S.A.
• 11.3 BAE Systems plc
• 11.4 China National Nuclear Corporation (CNNC)
• 11.5 Doosan Enerbility Co., Ltd.
• 11.6 Emerson Electric Co.
• 11.7 General Electric
• 11.8 Hitachi, Ltd.
• 11.9 Honeywell International Inc.
• 11.10 L&T Electrical & Automation
• 11.11 Mitsubishi Electric Corporation
• 11.12 Rockwell Automation, Inc.
• 11.13 Schneider Electric SE
• 11.14 Siemens AG
• 11.15 Toshiba Corporation
• 11.16 Westinghouse Electric Company LLC
• 11.17 Wood Group plc
• 11.18 Yokogawa Electric Corporation