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    Nuclear Tubes Market Report

    Nuclear Tubes Market Report
    Report code - SR1905 Published On : Mar,2022 No. of Pages: 140
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    Nuclear Tubes Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opport See more...

    Market Highlights

    The nuclear power industry demands reliable products that are made to the highest standard of safety and quality control. As nuclear power involves hazardous materials and strict compliance, integrity and precision are critical. It is an industry under extremely high regulatory standards, so the quality and reliability of products used for critical processes, such as tubes, needs to be impeccable. Specialty tubes are required to operate without fail in extreme environments inside a nuclear plant.

    Restrictions on social and economic activity during the COVID outbreak in 2020, led to an unparalleled and sustained decline in demand for electricity in many countries. This created challenges for both electricity generators and system operators; however, nuclear power generation proved to be resilient, reliable, and adaptable even during the crisis. The flexibility of nuclear power demonstrated how it can support the clean energy transition. The global nuclear tubes market suffered a minor decline of -2.5% in 2020 as challenges like supply chain disruption, cash flow constraints, and temporary shutdown in production facilities arose.

    Worldwide growth in electricity demand paired with the need to prevent climate change with the purpose of reducing carbon dioxide emissions, is pushing the construction of more and more nuclear power plants, which, in turn, is driving the nuclear tubes market growth. As a result of these factors, the nuclear tubes market is expected to grow at a steady CAGR of 2.4% during the forecast period. 

    Market Segments' Analysis

    Based on the material type, the market is segmented as zirconium, stainless steel, and nickel alloys & others. Stainless steel is likely to maintain its gigantic lead in the market in the years to come. Stainless steel’s innumerable properties make it ideal for use within the nuclear power industry.  Stainless steel tubes found extensive usage in steam generator applications. Demand for clean energy resources is likely to drive the demand for nuclear energy in the future. With new developments, tubes are required to be stronger, more resistant to corrosion, and able to perform better than ever before. Nickel Alloys are slightly gaining traction in the market. The segment is expected to record the highest long-term growth during the study period.

    Based on the tube type, the market is segmented as seamless and welded tubes. Seamless tube is expected to remain the most preferred product type during the forecast period. Seamless tubes offer high strength, superior corrosion resistance, and have the ability to withstand high pressure, which makes them more suitable in critical applications in harsh environments. On the other hand, welded tubes offer cost benefits due to their simpler manufacturing process.

    Based on the application type, the market is segmented as steam generators, fuel tubes, and heat exchangers & instrumentation. Among these application types, steam generator is likely to remain the biggest demand generator for tubes during the forecast period. With a surge in the construction of nuclear power plants, the demand for steam generator tubes is expected to rise in the foreseen future. The application segment is also expected to grow at the highest CAGR of 2.7% during the forecast period.

    In terms of regions, North America is expected to remain the largest market for nuclear tubes over the forecast period. The regional market growth is driven by the growth in the USA, which is the world's largest producer of nuclear power, accounting for more than ~30% of worldwide nuclear generation of electricity. Due to this, the region is projected to create enormous opportunities for nuclear tubes during the forecast period. Also, Asia-Pacific is slowly gaining traction in the market as electricity generating capacity, specifically nuclear power, is growing significantly in the region. It is expected to register the highest long-term growth in the coming five years.

    Key Players

    Most of the companies are deploying various strategies regarding product development & differentiation, pricing, brand, technology, and customized products to gain a competitive advantage. The following are some of the key players in the nuclear tubes Market:

    • Nippon Steel Corporation
    • Sandvik AB
    • Framatome (Valinox Nucléaire SAS)
    • Centravis
    • TUBACEX Group
    • AMETEK Specialty Metal Products Inc.
    • Mannesmann Stainless Tubes GmbH
    • Walsin Lihwa Corporation

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s nuclear tubes market realities and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product Portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The nuclear tubes Market is segmented into the following categories:

    Nuclear Tubes Market, by Material Type

    • Zirconium (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Stainless Steel (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Nickel Alloys & Others (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Nuclear Tubes Market, by Tube Type

    • Seamless Tube (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Welded Tube (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Nuclear Tubes Market, by Diameter Type

    • <10mm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • 10-25 mm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • >25mm (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Nuclear Tubes Market, by Application Type

    • Steam Generators (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Fuel Tubes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Heat Exchangers & Instrumentation (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World

    Nuclear Tubes Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, Ukraine, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, South Africa, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com

    A Bird's Eye View of the Market

    The nuclear tubes market is estimated to grow at a healthy CAGR of 2.4% over the next five years. Worldwide growth in electricity demand and increasing construction of nuclear power plants are expected to drive the growth of the market in the coming five years.

    Framatome (Valinox Nuclaire SAS), Nippon Steel Corporation, Sandvik AB, Centravis, Mannesmann Stainless Tubes GmbH, TUBACEX Group, AMETEK Specialty Metal Products Inc., and Walsin Lihwa Corporation are some of the key players in the market.

    North America is estimated to remain dominant in the nuclear tubes market in the coming years. The dominance of the USA in the nuclear power industry is the prime factor behind the dominance of the region.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years, owing to the rising electricity generating capacity and significantly growing nuclear power plants in the region.

    Steam Generator is likely to maintain its dominance in the market in the next five years. Steam generators are used to produce steam which is then used to spin large turbines that generates electricity.