Industrial, Manufacturing & Heavy Industry Market News

Global nuclear feed water pump market is expected to grow at a CAGR of +6% to 2024

Industrial Market Research

Global nuclear feed water pump market to expand at a CAGR of +6% during the forecast period 2016-2024

According to Goldstein Research, mounting global pressure for clean and efficient electricity production and reduce the carbon footprints to meet the growing demand for electricity. Many countries have adopted and some are planning to adopt nuclear energy as a clean energy production technology.

Adoption and growing number of nuclear power plants projects across the globe will significantly boost the nuclear feed water pumps market growth. 

Global nuclear feed water pump market Make an Inquiry about this news outlook also includes product development, technological advancements and investment strategies adopted by major market players in order to expand their business across the globe.However, decommissioning of nuclear power plants in countries such as Germany and Japan is likely to hinder the market growth.