Advanced Boiling Water Reactors Market by Type (Single Cycle Generation, Dual Cycle Generation), by Application (Power Plants, Submarines, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The Advanced Boiling Water Reactors Market size was valued at USD 10.2 USD Billion in 2023 and is projected to reach USD 23.41 USD Billion by 2032, exhibiting a CAGR of 12.6 % during the forecast period. ABWRs are a class of Generation III reactors that have several safety and efficiency improvements over the previous generations. Most features such as the safety systems, construction methods, and the usage of fuels have been enhanced compared to previous ABWRs. These include the double-string safety system, digital instruments, and control systems that improve system availability. Some of the unique characteristics of the ABWR design include increased constructability which results in costs and construction time being cut. Mainly utilized in power stations, they are known for their ability to generate reliable, clean electricity. This has materialized in countries like Japan and America as an example of actual deployment in the international energy market.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 12.6% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 12.6% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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