A new study by UK market research company Technavio on the global nuclear control rods market for 2017-2021 provides a detailed industry analysis based on the reactor type (pressurised water reactor (PWR) and boiling water reactor (BWR)) and geography (EMEA, the Americas, and APAC). It lists the top five leading vendors and seven other prominent vendors that are expected to impact the market during the forecast period.
“The global nuclear control rods market is projected to grow to $283.6m by 2021, at a compound annual growth rate of more than 2% over the forecast period. The rising awareness about the need to reduce carbon emissions is one of the key drivers of the market,” says Technavio analyst Thanikachalam Chandrasekaran. The top five vendors in the global nuclear control rods market are France’s Areva, US-based GE Hitachi Nuclear Energy, Czech-based ŠKODA JS (part of the Russian engineering group OMZ), US-based Veridiam and US-based Westinghouse Electric (part of Japan’s Toshiba Corp).