Nuclear Power Plant Control System Market Research Report Information By Component (Hardware, Software, Services), By Solution (Supervisory Control & Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Industrial Safety, and Others), By Application (Boiler & Auxiliaries Control, Generator Excitation & Electrical Control, Turbine & Auxiliaries Control System, and Other Applications), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) –Market Forecast Till 2032

Global Nuclear Power Plant Control System Market Overview

Nuclear Power Plant Control System Market Size was valued at USD 0.69 Billion in 2023. The Nuclear Power Plant Control System Market industry is projected to grow from USD 0.72 Billion in 2024 to USD 1.06 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2024 - 2032). The global nuclear power capacity expansion and government-led support and implementation of stringent safety regulations to curb potential risks associated with nuclear technology are expected to be significant market drivers for the Nuclear Power Plant Control System Market.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Nuclear Power Plant Control System Market Trends

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  Global nuclear power expansion, the rising trend of decarbonization, and increased investments in renewable power plants are driving the market growth

  
  

Market CAGR for Nuclear Power Plant Control Systems is driven by the global nuclear power expansion, the rising trend of decarbonization, and increased investments in renewable power plants. According to the International Energy Agency (IEA), nuclear power contributes to approximately 10% of global electricity generation, with this figure rising to nearly 20% in advanced economies. With approximately 413 gigawatts (GW) of capacity operational across 32 countries, nuclear energy plays a crucial role in emissions reduction, avoiding 1.5 gigatonnes (Gt) of global emissions and 180 billion cubic meters (bcm) of global gas demand annually. Between 2016 and 2022, nuclear investment averaged slightly over USD 40 billion per year. In response to the increasing demand for electricity and the imperative to transition to low-carbon energy sources, nuclear power has regained prominence as a practical and environmentally friendly solution. As nations worldwide contemplate expanding their nuclear power capacities, the necessity for sophisticated and reliable control systems becomes paramount. The safety, efficiency, and reliability of nuclear facilities hinge greatly upon these control systems, which encompass safety features, human-machine interfaces, instrumentation and control systems, and reactor protection systems. Together, these components ensure the stable operation of nuclear facilities.

Electricity serves as a crucial catalyst for driving the growth of any nation. As per the International Energy Outlook by EIA, global electricity demand is projected to rise by 2.11% annually until 2040, with a significant portion of this growth anticipated in non-OECD countries like China and India. These nations heavily rely on fossil fuels for power generation, posing potential environmental risks on both regional and global scales. Recognizing these challenges, governments and utilities worldwide have announced initiatives to decarbonize the power sector and make substantial investments in renewable power plants. This shift towards decarbonization and increased investment in renewables is evident from the annual global investments in power plants data published by the IEA. In India, the installed non-fossil fuel capacity has surged by 396% over the past 8.5 years, reaching over 190.97 GW (inclusive of large Hydro and nuclear), accounting for approximately 44% of the country's total capacity (as of Feb 2024). India witnessed the highest year-on-year growth in renewable energy additions in 2022, with the installed solar energy capacity soaring by 30 times over the past 9 years, reaching 75.57 GW as of Feb 2024. The global commitment to clean energy, coupled with the signing of the Paris climate agreement by major nations, serves as a key driver for increased investments in renewable energy. These heightened investments are anticipated to play a pivotal role in driving market growth. As a result, it is anticipated that throughout the projection period, demand for the nuclear power plant control system market will increase due to the global nuclear power expansion, the rising trend of decarbonization, and increased investments in renewable power plants. Thus, driving the Nuclear Power Plant Control System Market revenue.

Nuclear Power Plant Control System Market Segment Insights

Nuclear Power Plant Control System Market Component Insights

The Nuclear Power Plant Control System Market segmentation, based on Component, includes Hardware, Software, and Services. The hardware segment dominated the market, accounting for 58% of market revenue. In the power plant control system, hardware is crucial for maintaining power generation. It encompasses valves, turbine controllers, steam turbine controllers, APC, SQC, boilers, cooling towers, and other components. These elements are employed to regulate power output, thereby minimizing losses and enhancing overall quality.

Figure 1: Nuclear Power Plant Control System Market, by Component, 2023 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Nuclear Power Plant Control System Market Solution Insights

The Nuclear Power Plant Control System Market segmentation, based on Solution, includes Supervisory Control & Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Industrial Safety, and Others. The distributed control system (DCS) segment dominated the market, accounting for 58% of market revenue. DCS, or Distributed Control System, comprises sensors, controllers, and associated computers distributed throughout the plant. Each of these components serves distinct functions including data acquisition, process control, as well as data storage and graphical display. These components communicate with a centralized computer via the plant's local area network, commonly referred to as a control network.

Nuclear Power Plant Control System Market Application Insights

The Nuclear Power Plant Control System Market segmentation, based on Application, includes Boiler & auxiliaries control, Generator excitation & electrical control, Turbine & auxiliaries control system, and Other Applications. The turbine & auxiliaries control system segment dominated the market, accounting for 60% of market revenue. The expansion of water infrastructure projects has led to an increase in dams and reservoirs, consequently driving the demand for turbine and auxiliary control systems and fueling the growth of the power plant control system market. Moreover, the growing electricity demand has resulted in the proliferation of wind farms, further boosting the demand for turbine and auxiliary control systems and presenting lucrative opportunities for the market.

Nuclear Power Plant Control System Market Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The anticipated expansion of the Nuclear Power Plant Control System market in North America can be attributed to several key factors. As the population grows and industrial activities expand, the energy demand in North America continues to increase. Since 2019, the total annual energy production in the U.S. has surpassed total annual energy consumption. In 2022, production reached 102.92 quads, while consumption stood at 100.41 quads. Approximately 21% of U.S. energy consumption in 2022 was sourced from non-fossil fuel sources, including renewables and nuclear power—a level that matched the highest share observed since the early 1900s, based on data from the US Energy Information Administration (EIA). In Canada, the industry added 2.3 GW of new installed capacity in 2023, including over 1.7 GW of new utility-scale wind power, nearly 360 MW of new utility-scale solar energy, 86 MW of new on-site solar installations, and 140 MW / 190 MWh of energy storage capacity. Nuclear power plants, known for their reliability and consistent electricity generation, are increasingly seen as an attractive option to meet this growing energy demand.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: NUCLEAR POWER PLANT CONTROL SYSTEM MARKET SHARE BY REGION 2023 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Nuclear Power Plant Control System Market accounts for the second-largest market share In Europe, the majority of countries are heavily reliant on industries, with a growing number of projects focusing on renewable energy sources, leading to an increased demand for power plant control systems. The share of energy consumed in the EU from renewable sources in 2022 reached 23%, up from 21.9% in 2021, primarily due to significant growth in solar power. According to Eurostat, the share of renewable energy in the EU rose by 1.2 percentage points to reach 23% in 2022. The power sector witnessed the highest penetration of renewables in 2022, accounting for 41.2% of all electricity generated from renewable sources, followed by the heating and cooling sector (24.9%) and transport (9.6%). EU Directive 2023/2413, aimed at promoting the use of energy from renewable sources, has revised the EU's 2030 renewable energy target upwards from 32% to 42.5% (with an ultimate goal of increasing it to 45%). Further, the German Nuclear Power Plant Control System Market held the largest market share, and the UK Nuclear Power Plant Control System Market was the fastest growing market in the European region.

The Asia-Pacific Nuclear Power Plant Control System Market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia-Pacific region holds significant importance as the primary market for power plant control systems, driven by escalating investments in countries such as India, China, and Japan. Moreover, the power plant control systems market in India is forecasted to witness moderate growth, propelled by increasing energy consumption, leading to the establishment of more coal power plants and heightened investments in the renewable energy sector. In 2022, investment in solar power generation surged by 232.7% to reach 286.6 billion yuan in China. China has set a target to derive approximately 33% of its power from renewable sources by 2025, up from 28.8% in 2020. Over the period from 2019 to 2024, China is projected to contribute 40% to the global renewable capacity expansion, driven by enhanced system integration, reduced curtailment rates, and improved competitiveness of solar PV and onshore wind technologies. India is expected to achieve a coal-fired capacity of 267 GW by 2030, adding 58 GW of new capacity, as per the Central Electricity Authority (CEA). Additionally, the Indian government has set a target of achieving 70,000 MW of hydropower generation capacity by 2030. Currently, 13,000 MW of hydropower plants are under construction at various stages, with another 8,000 MW of projects in progress, slated to commence by the end of 2020. Moreover, China’s Nuclear Power Plant Control System Market held the largest market share, and the Indian Nuclear Power Plant Control System Market was the fastest-growing market in the Asia-Pacific region.

Nuclear Power Plant Control System Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development to expand their product lines, which will help the Nuclear Power Plant Control System market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Nuclear Power Plant Control System industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Nuclear Power Plant Control System industry to benefit clients and increase the market sector. In recent years, the Nuclear Power Plant Control System industry has offered some of the most significant advantages to the energy sector, including enhanced safety, increased efficiency, and reliable power generation capabilities. Major players in the Nuclear Power Plant Control System Market, including Siemens (Germany), ABB (Switzerland), General Electric (US), Fortum (Europe), Framatome (France), Emerson Electric Co. (US), Mitsubishi Electric Corporation (Japan), NuScale Power, LLC (US), Rolls-Royce plc (UK), Honeywell International Inc (Germany) are attempting to increase market demand by investing in research and development operations.

Siemens AG, a leading technology company, operates in the fields of electrification, automation, and digitalization. The company is involved in designing, developing, manufacturing, and installing complex systems and projects, offering tailored solutions to meet individual needs. Siemens focuses on power generation and distribution, as well as intelligent infrastructure for buildings and distributed energy systems. Additionally, it provides smart mobility solutions for both rail and road transport, medical technology, and digital healthcare services. With research and development facilities, production plants, warehouses, and sales offices worldwide, Siemens serves customers across various industries, including energy, healthcare, infrastructure, manufacturing, and more. Headquartered in Munich, Bavaria, Germany, Siemens Energy, a subsidiary, signed a contract with TSK, a Spanish engineering, procurement, and construction (EPC) contractor, for the Atinkou CCGT power plant project in April 2021. Under this agreement, Siemens Energy is set to supply its SPAA-T300 control system for a CCGT plant construction in Jacqueville, Côte d'Ivoire.

ABB is a leading provider of electrification and automation technologies and solutions, offering a wide range of products, systems, and services in the fields of electrification, motion, and industrial automation. The company's solutions leverage engineering expertise and software integration to enhance power reliability, increase industrial productivity, and improve energy efficiency. ABB distributes its products through a direct sales force and a network of third-party channel partners, including distributors, installers, wholesalers, machine builders, OEMs, and system integrators. Serving customers in utilities, industry, transport, and infrastructure sectors across Asia, the Americas, the Middle East, Africa, and Europe, ABB delivers digitally connected and enabled industrial equipment and systems. Headquartered in Zurich, Switzerland, ABB launched its Distributed Control System 800xA 6.1 in March 2019, introducing Ethernet I/O solutions, high-integrity controllers, and a series of engineering tools such as the Ethernet I/O Field Kit and Ethernet I/O wizard for field commissioning.

Key companies in the Nuclear Power Plant Control System Market include

• Siemens (Germany)


• ABB (Switzerland)


• General Electric (US)


• Fortum (Europe)


• Framatome (France)


• Emerson Electric Co. (US)


• Mitsubishi Electric Corporation (Japan)


• NuScale Power, LLC (US)


• Rolls-Royce plc (UK)


• Honeywell International Inc (Germany)

Nuclear Power Plant Control System Industry Developments

March 2023: Mitsubishi Electric Corporation announced that its U.S. subsidiary, Mitsubishi Electric Power Products, Inc. (MEPPI), secured a contract from Holtec International (Holtec), a leading provider of equipment and systems for the energy industry. The contract aims to accelerate the design engineering of digital instrumentation and control systems (I&C) for Holtec's SMR-160 small modular reactor. This reactor represents a next-generation small-scale reactor known for its enhanced safety and reliability, boasting a natural cooling capability in the event of accidents.

November 2023: Fortum and the Swedish nuclear technology company Studsvik entered into a partnership to assess the conditions for implementing new nuclear projects in Sweden. This collaboration is part of Fortum's ongoing feasibility study to evaluate potential business opportunities in new nuclear ventures, both in Finland and Sweden.

Nuclear Power Plant Control System Market Segmentation

Nuclear Power Plant Control System Market Component Outlook

• Hardware


• Software


• Services

Nuclear Power Plant Control System Market Solution Outlook

• Supervisory Control & Data Acquisition (SCADA)


• Programmable Logic Controller (PLC)


• Distributed Control System (DCS)


• Industrial Safety


• Others

Nuclear Power Plant Control System Market Application Outlook

• Boiler & auxiliaries control


• Generator excitation & electrical control


• Turbine & auxiliaries control system


• Other Applications

Nuclear Power Plant Control System Market Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America