Globally, India is expected to have the largest Main Steam Isolation Valve (MSIV) market during the 2014–2025 forecast period. In the global nuclear power market, India has one of the most extensive development plans, including the construction of more than 35 nuclear reactors. China is expected to be the second largest market for nuclear MSIVs, followed by South Korea, Russia, the US, Vietnam, the UK, France and Ukraine.
Europe to have Highest Main Steam Isolation Valve Market Value between 2014 and 2025
In the global nuclear power market, Europe is expected to have the largest regional market value for MSIVs, at around $70.8m for the period between 2014 and 2025. The Asia-Pacific market will lag slightly behind at $66m. However, the market for Japan has been excluded from the Asia-Pacific analysis owing to the uncertain scenario in the country. Russia, France and Ukraine in Europe, and India, China and South Korea in Asia-Pacific are the key countries contributing to the regional MSIV market. However, worsening ties between Ukraine and Russia stand to jeopardize Ukraine’s nuclear development plans, rendering demand for MSIVs unpredictable.
Vietnam will Lead in Nuclear New Builds among the Emerging Countries
Among countries such as Turkey, the United Arab Emirates (UAE), Vietnam, and others that are planning to develop nuclear power, Vietnam is expected to install the largest nuclear power capacity by 2025, with plans to install a total of nine nuclear reactors by 2025, with an aggregate capacity of 9.4 Gigawatts (GW). Turkey and the UAE will have the next largest capacity online by 2025, among these emerging nuclear countries.
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