Analyzing the Global Market for
Nuclear Reactor Coolant Pumps
The global market for coolant pumps
used in nuclear reactors is anticipated to grow vigorously in the coming future.
Most of the nuclear power countries are expanding their nuclear power fleet and
more than 30 countries are now focusing on including nuclear power as part of
their energy mix. By encouraging nuclear power, these countries are now on the
list of emerging nuclear countries. This will lead to long term growth in the
nuclear coolant pump market
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Demand for nuclear reactor coolant
pumps is expected to increase in the future due to the number of nuclear power
plants being built in the Asia Pacific region, especially in China and India,
and also as a result of the replacements that are expected to take place in
North America and Europe. The Asia Pacific region has seen a high level of
demand for new installations due to the number of planned and proposed reactors
in countries such as India and China, which will become commercialized in the
next few years.
There are many challenges that the
market faces when it comes to quality and the performance of the pumps being
manufactured. The most common causes of nuclear reactor coolant pump problems
are leakage and vibrations, as well as human error and issues with older
equipment. In the past, there have been leakage problems in some of the nuclear
power generation facilities which have led to the exposure of radioactive
coolant. The manufacturers of reactor coolant pumps should ensure that the
materials used in the manufacturing of nuclear coolant pumps are of a high
quality. This will help to reduce the probability of leakage problems in
coolant pumps. Also, a number of nuclear reactors across the world have been
shut down. The decommissioning of these reactors will affect the demand level
for coolant pumps even though a number of new nuclear reactors are scheduled to
become operational in the future. Recently, four reactors in Japan have been
shut down following the nuclear crisis caused by the March 2011 tsunami.
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