Allied Market Research

2024

Nuclear Feedwater Heater Market

Nuclear Feedwater Heater Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Low-pressure Feedwater Heaters and High-pressure Feedwater Heaters) and Application (External Circulating Water and Internal Circulating Water): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: | Sonia Mutreja
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Nuclear feed water heater is a crucial part of a power plant as it is used to pre-heat water before it is sent to the boiler. The preheating of water improves the efficiency of the power plant by lowering the overall energy required in the boiler to convert water to steam. Depending on the objective efficiency requirements, the plant may have a number of nuclear feed water heaters installed. However, nuclear feed water heaters are expensive, and the choice to invest is based solely on the savings obtained by reducing fuel use for water heating. Nuclear power generation is both efficient and competitive with coal-fired generation in terms of cost per unit and power supply dependability. Some of the most efficient nuclear power stations have been found to operate at higher load factors than coal-fired units.

Market Scope and Structure Analysis

Description

A feed water heater is a piece of equipment used in nuclear plants to prepare boiler feed water. Preheating increases the system’s thermodynamic efficiency, which is the major advantage of feedwater heaters. Feedwater absorbs the internal energies by steam expansion and uses it to warm the condensate feedwater. It lowers the cost of running the facility. When the feedwater is reintroduced into the steam cycle, it further helps to decrease thermal shocks to the boiler metal. These heater tubing corrodes with time, thus the components must be fixed or replaced at some point to guarantee long-term efficiency.

COVID-19 Impact analysis

  • The COVID-19 pandemic halted the production of various products in the nuclear feedwater heater industry attributed to the lockdown in countries worldwide. This has hampered the growth of nuclear feedwater heater market from the last few months and is likely to continue through 2022.
  • COVID-19 affected the sales of nuclear feedwater heater in the first quarter of 2021 and is anticipated to have a negative impact on the market growth throughout the year.
  • The major demand for nuclear feedwater heater was previously noticed from giant manufacturing countries, such as North America, Europe, Asia-Pacific, and South America, which are negatively affected by the spread of the coronavirus, thereby declining the demand for heaters.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on their cash reserves. Nuclear feedwater heater manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. On the contrary, few players adopted employee lay-offs to sustain themselves during the COVID-19 health crisis.
  • Nuclear feedwater heater manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond to immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distance, and ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce. 

Top Impacting Factors

The impact of the Fukushima tragedy has caused some serious concern in public perceptions of nuclear power. Following the accident, a wave of plant closures occurred all around the world. Plants built before the 1970s are unlikely to stay operational for long, resulting in a need for newer and more resilient plants. These new nuclear reactors are expected to have substantially improved efficiency and dependability. Feed water heaters are anticipated to be a critical component of these future nuclear facilities as they strive for great efficiency. Pre-heated water is likely to continue generation at high loads.
With the expansion of power generation processes, the need for feedwater heaters is expanding. Since the last few years, the number of nuclear power stations has grown in number in countries such as India and China. For instance, in December 2020, the 200-megawatt unit 1 reactor in Shidao Bay, operated by China Huaneng Group Co., is currently supplying power to the grid in Shandong province, according to China Nuclear Energy Association. In addition, the second reactor is currently being tested and is expected to be connected and commissioned by mid-next year.

  • In December 2021, GE Hitachi Nuclear Energy, BWXT Canada Ltd., and Synthos Green Energy collaborated to deploy BWRX-300 small modular reactors in Poland. Ontario Power Generation (OPG) has chosen GEH as a technical partner for the Darlington New Nuclear Project. GEH is collaborating with OPG on a BWRX-300 deployment at the Darlington site, which may be completed as early as 2028.
  • In November 2021, SPX Flow installed mixing technology for Henkel. Henkel will employ an SPX FLOW mixing feedwater solution with a Stelzer agitator and an automation system with a logic controller. Heavy-duty valves, pumps, fittings, and a human machine interface and process software for recipe handling, are included in the SPX FLOW supply.  

Key Benefits of the Report

  • This study presents the analytical depiction of the nuclear feedwater heater industry along with the current trends and future estimations to determine the future investment pockets.
  • The report presents detailed information related to key drivers, restraints, opportunities and nuclear feedwater heater market heater share.
  • A quantitative analysis highlights the nuclear feedwater heater growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
  • The report provides a detailed nuclear feedwater heater analysis based on competitive intensity and how the competition will take shape in coming years.

Nuclear Feedwater Heater Market Report Highlights

Aspects Details
Nuclear Feedwater Heater Market By Product
By Product
  • Low-pressure Feedwater Heaters
  • High-pressure Feedwater Heaters
Nuclear Feedwater Heater Market By Application
By Application
  • External Circulating Water
  • Internal Circulating Water
Nuclear Feedwater Heater Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, UK, France, Italy, Rest of Europe)
  • Asia-Pacific   (China, Japan, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)

Nuclear Feedwater Heater Market

Global Opportunity Analysis and Industry Forecast, 2021-2030