MAIN STEAM ISOLATION VALVES: GLOBAL MARKET SIZE, COMPETITIVE LANDSCAPE AND KEY COUNTRY ANALYSIS TO 2025

Transcription

1 REFERENCE CODE GDNE0075M AR PUBLICATION DATE APRIL 2014 MAIN STEAM ISOLATION VALVES: GLOBAL

2 Executive Summary India and China to Witness the Largest Demand for Main Steam Isolation Valves between 2014 and 2025 Globally, India is expected to have the largest Main Steam Isolation Valve (MSIV) market during the forecast period. In the global nuclear power market, India has one of the most extensive development plans, including the construction of more than XX 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. The following figure illustrates the estimated global demand for MSIVs between 2014 and Main Steam Isolation Valve Market, Global, Main steam isolation valves 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 $XXm for the period between 2014 and The Asia-Pacific market will lag slightly behind at $XXm. However, the market for Japan has been excluded from the Asia-Pacific analysis owing to the uncertain scenario in the country. Russia, France and Ukraine in Europe, and India, China and South Korea in Asia-Pacific are the key countries contributing to the regional MSIV market. However, worsening ties between Ukraine and Russia stand to jeopardize Ukraine s nuclear development plans, rendering demand for MSIVs unpredictable. The following figure illustrates the estimated regional market value for MSIVs between 2014 and Main Steam Isolation Valve Market, Regional, Value ($m), India China Source: GlobalData South Korea Russia US Vietna m UK France Ukraine Value ($m) Europe Asia-Pacific North America Middle East and Africa South and Central America Source: GlobalData 2

3 Table of Contents 1 Table of Contents 1 Table of Contents List of Tables List of Figures Introduction GlobalData Report Guidance Main Steam Isolation Valve Market Overview, Global Main Steam Isolation Valve Market, Global, Nuclear Power Generation Main Steam Isolation Valve Market, Global, Drivers High Cost of Nuclear New Builds Increasing Power Demand Need to Cut Greenhouse Gas Emissions Soaring Fossil Fuel Prices, Coupled with Scarcity of Energy Sources, Main Steam Isolation Valve Market, Global, Restraints Anti-Nuclear Public Opinion Safety Concerns Regarding Nuclear Reactors Nuclear Waste Disposal Difficulty of Financing Nuclear Power Projects Main Steam Isolation Valve Market, Global, Volume and Value Analysis Main Steam Isolation Valve Market Overview, North America Main Steam Isolation Valve Market Overview, North America Main Steam Isolation Valve Market, North America, Nuclear Power Generation

4 Table of Contents Main Steam Isolation Valve Market, North America, Market Volume and Value Main Steam Isolation Valve Market Overview, US Main Steam Isolation Valve Market, US, Nuclear Power Generation Main Steam Isolation Valve Market, US, Drivers Main Steam Isolation Valve Market, US, Restraints Main Steam Isolation Valve Market, US, Regulatory Framework Main Steam Isolation Valve Market, US, Market Volume and Value Main Steam Isolation Valve Market, US, Key Players Main Steam Isolation Valve Market, US, Analyst Opinion Main Steam Isolation Valve Market Overview, Canada Main Steam Isolation Valve Market, Canada, Nuclear Power Generation Main Steam Isolation Valve Market, Canada, Drivers Main Steam Isolation Valve Market, Canada, Restraints Main Steam Isolation Valve Market, Canada, Regulatory Framework Main Steam Isolation Valve Market, Canada, Market Volume and Value Main Steam Isolation Valve Market, Canada, Key Players Main Steam Isolation Valve Market, Canada, Analyst Opinion Main Steam Isolation Valve Market Overview, Europe Main Steam Isolation Valve Market Overview, Europe Main Steam Isolation Valve Market, Europe, Nuclear Power Generation Main Steam Isolation Valve Market, Europe, Market Volume and Value Main Steam Isolation Valve Market Overview, France Main Steam Isolation Valve Market, France, Nuclear Power Generation

5 Table of Contents Main Steam Isolation Valve Market, France, Drivers Main Steam Isolation Valve Market, France, Restraints Main Steam Isolation Valve Market, France, Regulatory Framework Main Steam Isolation Valve Market, France, Market Volume and Value Main Steam Isolation Valve Market, France, Key Players Main Steam Isolation Valve Market, France, Analyst Opinion Main Steam Isolation Valve Market Overview, Russia Main Steam Isolation Valve Market, Russia, Nuclear Power Generation Main Steam Isolation Valve Market, Russia, Drivers Main Steam Isolation Valve Market, Russia, Restraints Main Steam Isolation Valve Market, Russia, Regulatory Framework Main Steam Isolation Valve Market, Russia, Market Volume and Value Main Steam Isolation Valve Market, Russia, Key Players Main Steam Isolation Valve Market, Russia, Analyst Opinion Main Steam Isolation Valve Market Overview, UK Main Steam Isolation Valve Market, UK, Nuclear Power Generation Main Steam Isolation Valve Market, UK, Drivers Main Steam Isolation Valve Market, UK, Restraints Main Steam Isolation Valve Market, UK, Regulatory Framework Main Steam Isolation Valve Market, UK, Market Volume and Value Main Steam Isolation Valve Market, UK, Key Players Main Steam Isolation Valve Market, UK, Analyst Opinion Main Steam Isolation Valve Market Overview, Ukraine

6 Table of Contents Main Steam Isolation Valve Market, Ukraine, Nuclear Power Generation Main Steam Isolation Valve Market, Ukraine, Drivers Main Steam Isolation Valve Market, Ukraine, Restraints Main Steam Isolation Valve Market, Ukraine, Regulatory Framework Main Steam Isolation Valve Market, Ukraine, Market Volume and Value Main Steam Isolation Valve Market, Ukraine, Key Players Main Steam Isolation Valve Market, Ukraine, Analyst Opinion Main Steam Isolation Valve Market Overview, Asia-Pacific Main Steam Isolation Valve Market Overview, Asia-Pacific Main Steam Isolation Valve Market, Asia-Pacific, Nuclear Power Generation Main Steam Isolation Valve Market, Asia-Pacific, Market Volume and Value Main Steam Isolation Valve Market Overview, China Main Steam Isolation Valve Market, China, Nuclear Power Generation Main Steam Isolation Valve Market, China, Drivers Main Steam Isolation Valve Market, China, Restraints Main Steam Isolation Valve Market, China, Regulatory Framework Main Steam Isolation Valve Market, China, Market Volume and Value Main Steam Isolation Valve Market, China, Key Players Main Steam Isolation Valve Market, China, Analyst Opinion Main Steam Isolation Valve Market Overview, India Main Steam Isolation Valve Market, India, Nuclear Power Generation Main Steam Isolation Valve Market, India, Drivers Main Steam Isolation Valve Market, India, Restraints

7 Table of Contents Main Steam Isolation Valve Market, India, Regulatory Framework Main Steam Isolation Valve Market, India, Market Volume and Value Main Steam Isolation Valve Market, India, Key Players Main Steam Isolation Valve Market, India, Analyst Opinion Main Steam Isolation Valve Market Overview, South Korea Main Steam Isolation Valve Market, South Korea, Nuclear Power Generation Main Steam Isolation Valve Market, South Korea, Drivers Main Steam Isolation Valve Market, South Korea, Restraints Main Steam Isolation Valve Market, South Korea, Regulatory Framework Main Steam Isolation Valve Market, South Korea, Market Volume and Value Main Steam Isolation Valve Market, South Korea, Key Players Main Steam Isolation Valve Market, South Korea, Analyst Opinion Main Steam Isolation Valve Market Overview, Emerging Nuclear Countries Main Steam Isolation Valve Market Overview, Vietnam Main Steam Isolation Valve Market, Vietnam, Nuclear Power Generation Main Steam Isolation Valve Market, Vietnam, Drivers Main Steam Isolation Valve Market, Vietnam, Regulatory Framework Main Steam Isolation Valve Market, Vietnam, Market Volume and Value Main Steam Isolation Valve Market Overview, UAE Main Steam Isolation Valve Market, UAE, Nuclear Power Generation Main Steam Isolation Valve Market, UAE, Drivers Main Steam Isolation Valve Market, UAE, Regulatory Framework Main Steam Isolation Valve Market, UAE, Market Volume and Value

8 Table of Contents 7.3 Main Steam Isolation Valve Market Overview, Turkey Main Steam Isolation Valve Market, Turkey, Nuclear Power Generation Main Steam Isolation Valve Market, Turkey, Drivers Main Steam Isolation Valve Market, Turkey, Restraints Main Steam Isolation Valve Market, Turkey, Regulatory Framework Main Steam Isolation Valve Market, Turkey, Market Volume and Value Main Steam Isolation Valve Market Overview, Key Company Profiles Flowserve Corporation Company Overview Products and Services Locations and Subsidiaries Control Components Inc Company Overview Products and Services Locations and Subsidiaries Velan Inc Company Overview Products and Services Locations and Subsidiaries KSB Aktiengesellschaft Company Overview Products and Services Locations and Subsidiaries

9 Table of Contents 8.5 Copes-Vulcan, Inc Company Overview Products and Services Locations and Subsidiaries Weir Group Plc Company Overview Products, Services and Brands Locations and Subsidiaries Jiangsu Shentong Valve Co, Ltd Company Overview Products and Services Curtiss-Wright Flow Control Company Company Overview Products, Services and Brands Asco Company Overview Products and Services Toa Valve Engineering, Inc Company Overview Products and Services Locations Bopp & Reuther Group Company Overview

10 Table of Contents Products and Services Arako Company Overview Products and Services Appendix Abbreviations Bibliography Research Methodology Coverage Secondary Research Primary Research Modeling and Forecasting Disclaimer

11 Table of Contents 1.1 List of Tables Table 1: Nuclear Power Market, Global, Installed Capacity (GW) and Annual Power Generation (TWh), Table 2: Main Steam Isolation Valve Market, Global, Market Demand, Table 3: Main Steam Isolation Valve Market, Global, Market Value ($m), Table 4: Nuclear Power Market, North America, Installed Capacity (GW) and Annual Power Generation (TWh), Table 5: Main Steam Isolation Valve Market, North America, Market Demand, Table 6: Main Steam Isolation Valve Market, North America, Market Value ($m), Table 7: Nuclear Power Market, US, Installed Capacity (GW) and Annual Power Generation (TWh), Table 8: US Nuclear Regulatory Commission, Regulatory Authorities Table 9: Main Steam Isolation Valve Market, US, Market Demand, Table 10: Main Steam Isolation Valve Market, US, Market Value ($m), Table 11: Main Steam Isolation Valve Suppliers, US, Table 12: Nuclear Power Market, Canada, Installed Capacity (GW) and Annual Power Generation (TWh), Table 13: Main Steam Isolation Valve Market, Canada, Market Demand, Table 14: Main Steam Isolation Valve Market, Canada, Market Value ($m), Table 15: Nuclear Power Market, Europe, Installed Capacity (GW) and Annual Power Generation (TWh), Table 16: Main Steam Isolation Valve Market, Europe, Market Demand, Table 17: Main Steam Isolation Valve Market, Europe, Market Value ($m), Table 18: Nuclear Power Market, France, Installed Capacity (GW) and Annual Power Generation (TWh), Table 19: Main Steam Isolation Valve Market, France, Market Demand,

12 Table of Contents Table 20: Main Steam Isolation Valve Market, France, Market Value ($m), Table 21: Nuclear Power Market, Russia, Installed Capacity (GW) and Annual Power Generation (TWh), Table 22: Main Steam Isolation Valve Market, Russia, Market Demand, Table 23: Main Steam Isolation Valve Market, Russia, Market Value ($m), Table 24: Valves Supplied by MSA, Russia, Table 25: Nuclear Power Market, UK, Installed Capacity (GW) and Annual Power Generation (TWh), Table 26: Main Steam Isolation Valve Market, UK, Market Demand, Table 27: Main Steam Isolation Valve Market, UK, Market Value ($m), Table 28: Nuclear Power Market, Ukraine, Installed Capacity (GW) and Annual Power Generation (TWh), Table 29: Main Steam Isolation Valve Market, Ukraine, Market Demand, Table 30: Main Steam Isolation Valve Market, Ukraine, Market Value ($m), Table 31: Nuclear Power Market, Asia-Pacific, Installed Capacity (GW) and Annual Power Generation (TWh), Table 32: Main Steam Isolation Valve Market, Asia-Pacific, Market Demand, Table 33: Main Steam Isolation Valve Market, Asia-Pacific, Market Value ($m), Table 34: Steam Generators for Nuclear Power, China, Installed Capacity (GW) and Annual Power Generation (TWh), Table 35: Main Steam Isolation Valve Market, China, Market Demand, Table 36: Main Steam Isolation Valve Market, China, Market Value ($m), Table 37: Nuclear Power Market, India, Installed Capacity (GW) and Annual Power Generation (TWh), Table 38: Main Steam Isolation Valve Market, India, Market Demand, Table 39: Main Steam Isolation Valve Market, India, Market Value ($m),

13 Table of Contents Table 40: Nuclear Power Market, South Korea, Installed Capacity (GW) and Annual Power Generation (TWh), Table 41: Main Steam Isolation Valve Market, South Korea, Market Demand, Table 42: Main Steam Isolation Valve Market, South Korea, Market Value ($m), Table 43: Nuclear Power Market, Vietnam, Installed Capacity (GW) and Annual Power Generation (TWh), Table 44: Main Steam Isolation Valve Market, Vietnam, Market Demand, Table 45: Main Steam Isolation Valve Market, Vietnam, Market Value ($m), Table 46: Nuclear Power Market, UAE, Installed Capacity (GW) and Annual Power Generation (TWh), Table 47: Main Steam Isolation Valve Market, UAE, Market Demand, Table 48: Main Steam Isolation Valve Market, UAE, Market Value ($m), Table 49: Nuclear Power Market, Turkey, Installed Capacity (GW) and Annual Power Generation (TWh), Table 50: Main Steam Isolation Valve Market, Turkey, Market Demand, Table 51: Main Steam Isolation Valve Market, Turkey, Market Value ($m), Table 52: Products and Services, Flowserve, Table 53: Subsidiaries, Flowserve, Table 54: Products and Services, CCI, Table 55: Locations, CCI, Table 56: Products and Services, Velan, Table 57: Subsidiaries, Velan, Table 58: Products and Services, KSB, Table 59: Locations and Subsidiaries, KSB, Table 60: Products and Services, Copes-Vulcan,

14 Table of Contents Table 61: Locations, Copes-Vulcan, Table 62: Products and Services, Weir, Table 63: Locations, Weir, Table 64: Subsidiaries, Weir, Table 65: Products and Services, Jiangsu, Table 66: Products, Services and Brands, CWFC, Table 67: Products, Services and Brands, Asco, Table 68: Products, TVE, Table 69: Location, TVE, Table 70: Products and Services, Bopp & Reuther, Table 71: Products and Services, Arako Table 72: Abbreviations

15 Table of Contents 1.2 List of Figures Figure 1: Nuclear Power Market, Global, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 2: Main Steam Isolation Valve Market, Global, Market Demand, Figure 3: Main Steam Isolation Valve Market, Global, Market Value ($m), Figure 4: Nuclear Power Market, North America, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 5: Main Steam Isolation Valve Market, North America, Market Demand, Figure 6: Main Steam Isolation Valve Market, North America, Market Value ($m), Figure 7: Power Generation by Fuel Type, US, Share (%), Figure 8: Nuclear Power Market, US, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 9: Nuclear Regulatory Structure, US, Figure 10: Main Steam Isolation Valve Market, US, Market Demand, Figure 11: Main Steam Isolation Valve Market, US, Market Value ($m), Figure 12: Power Generation by Fuel Type, Canada, Share (%), Figure 13: Nuclear Power Market, Canada, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 14: Nuclear Regulatory Structure, Canada Figure 15: Main Steam Isolation Valve Market, Canada, Market Demand, Figure 16: Main Steam Isolation Valve Market, Canada, Market Value ($m), Figure 17: Nuclear Power Market, Europe, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 18: Main Steam Isolation Valve Market, Europe, Market Demand, Figure 19: Main Steam Isolation Valve Market, Europe, Market Value ($m), Figure 20: Power Generation by Fuel Type, France, Share (%),

16 Table of Contents Figure 21: Nuclear Power Market, France, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 22: Nuclear Regulatory Structure, France, Figure 23: Main Steam Isolation Valve Market, France, Market Demand, Figure 24: Main Steam Isolation Valve Market, France, Market Value ($m), Figure 25: Power Generation by Fuel Type, Russia, Share (%), Figure 26: Nuclear Power Market, Russia, Installed Capacity (GW) and Annual Power Generation TWh), Figure 27: Nuclear Regulatory Structure, Russia, Figure 28: Main Steam Isolation Valve Market, Russia, Market Demand, Figure 29: Main Steam Isolation Valve Market, Russia, Market Value ($m), Figure 30: Power Generation by Fuel Type, UK, Share (%), Figure 31: Nuclear Power Market, UK, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 32: Nuclear Regulatory Structure, UK, Figure 33: Main Steam Isolation Valve Market, UK, Market Demand, Figure 34: Main Steam Isolation Valve Market, UK, Market Value ($m), Figure 35: Power Generation by Fuel Type, Ukraine, Share (%), Figure 36: Nuclear Power Market, Ukraine, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 37: Organizational Structure of the SNRC, Ukraine, Figure 38: Main Steam Isolation Valve Market, Ukraine, Market Demand, Figure 39: Main Steam Isolation Valve Market, Ukraine, Market Value ($m), Figure 40: Nuclear Power Market, Asia-Pacific, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 41: Main Steam Isolation Valve Market, Asia-Pacific, Market Demand,

17 Table of Contents Figure 42: Main Steam Isolation Valve Market, Asia-Pacific, Market Value ($m), Figure 43: Power Generation by Fuel Type, China, Share (%), Figure 44: Steam Generators for Nuclear Power, China, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 45: Nuclear Regulatory Structure, China, Figure 46: Main Steam Isolation Valve Market, China, Market Demand, Figure 47: Main Steam Isolation Valve Market, China, Market Value ($m), Figure 48: Power Generation by Fuel Type, India, Share (%), Figure 49: Nuclear Power Market, India, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 50: Nuclear Regulatory Structure, India, Figure 51: Main Steam Isolation Valve Market, India, Market Demand, Figure 52: Main Steam Isolation Valve Market, India, Market Value ($m), Figure 53: Power Generation by Fuel Type, South Korea, Share (%), Figure 54: Nuclear Power Market, South Korea, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 55: Nuclear Regulatory Structure, South Korea, Figure 56: Main Steam Isolation Valve Market, South Korea, Market Demand, Figure 57: Main Steam Isolation Valve Market, South Korea, Market Value ($m), Figure 58: Power Generation by Fuel Type, Vietnam, Share (%), Figure 59: Nuclear Power Market, Vietnam, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 60: Nuclear Regulatory Structure, Vietnam, Figure 61: Main Steam Isolation Valve Market, Vietnam, Market Demand, Figure 62: Main Steam Isolation Valve Market, Vietnam, Market Value ($m),

18 Table of Contents Figure 63: Power Generation by Fuel Type, UAE, Share (%), Figure 64: Nuclear Power Market, UAE, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 65: Nuclear Regulatory Structure, UAE, Figure 66: Main Steam Isolation Valve Market, UAE, Market Demand, Figure 67: Main Steam Isolation Valve Market, UAE, Market Value ($m), Figure 68: Power Generation by Fuel Type, Turkey, Share (%), Figure 69: Nuclear Power Market, Turkey, Installed Capacity (GW) and Annual Power Generation (TWh), Figure 70: Nuclear Regulatory Structure, Turkey, Figure 71: Main Steam Isolation Valve Market, Turkey, Market Demand, Figure 72: Main Steam Isolation Valve Market, Turkey, Market Value ($m),

19 Introduction 2 Introduction The global nuclear power sector will expand in the future due to the increasing demand for electricity across the world. Most of the countries that currently use nuclear power are expanding their nuclear fleet, while another XX are planning to introduce nuclear power into their energy mix. The growing popularity of nuclear energy will spur the demand for equipment used in Nuclear Power Plants (NPP). Furthermore, countries with operating nuclear reactors will increase the demand for such equipment in the aftermarket. Nuclear Main Steam Isolation Valves (MSIV) are key pieces of equipment used in nuclear power generation facilities for isolating steam pipelines in case of pipe rupture, Loss of Coolant Accidents (LOCA) and other emergency situations. Due to growing concerns regarding the safety of nuclear plants, an increasing amount of emphasis is being placed on their safety. 2.1 GlobalData Report Guidance The following subjects are covered in the report: The report begins with the Executive Summary that outlines the key research findings of the report. Chapter two the Introduction, gives a brief overview of the report and the contents of each chapter. Chapter three, Main Steam Isolation Valve Market, Global, introduces the global nuclear power generation market, including past and forecast figures, details of the drivers and restraints affecting the market for MSIVs, and details of the size of the global market in terms of volume and value. Chapter four, Main Steam Isolation Valve Market, North America, discusses the nuclear MSIV market in the North American region and in key countries such as Canada and the US between 2006 and Chapter five, Main Steam Isolation Valve Market, Europe, discusses the nuclear MSIV market in the European region and in key countries such as France, Russia, the UK and Ukraine between 2006 and

20 Introduction Chapter six, Main Steam Isolation Valve Market, Asia-Pacific, discusses the nuclear MSIV market in the Asia-Pacific region and in key countries such as China, Japan, India and South Korea between 2006 and Chapter seven, Main Steam Isolation Valve Market, Emerging Nuclear Countries, discusses the nuclear MSIV market in key emerging nuclear countries such as Vietnam, the United Arab Emirates (UAE) and Turkey between 2006 and Chapter eight Main Steam Isolation Valve Market, Key Company Profiles, includes company overviews, products, services, locations, subsidiaries and a list of supply references of key companies in the nuclear MSIV market. Chapter nine, the Appendix, includes the abbreviations, bibliography, market analysis methodology, and contact details. 21

21 Emerging Nuclear Countries 7.2 Main Steam Isolation Valve Market Overview, UAE Main Steam Isolation Valve Market, UAE, Nuclear Power Generation In the UAE, thermal is the only significant source of power, and is categorized into gas and oilbased electricity production. Gas dominates the energy mix, contributing XX% of the total, while solar PV and oil-based electricity production account for less than XX%. The country s evident need to diversify its energy mix and reduce its domestic fossil fuel consumption is pushing the UAE towards nuclear power. The following figure represents the breakdown of power generation by fuel type in the UAE, as of Figure 63: Power Generation by Fuel Type, UAE, Share (%), 2012 Solar PV Oil Gas Source: GlobalData, Power etrack, Capacity and Generation Database [Accessed on February 12, 2014] The first unit of the first NPP in the UAE is expected to come online in 2017, with one reactor to be built each year after that until A total of four nuclear reactors are expected to be operating by 2020, with an aggregate nuclear installed capacity of XX GW. The contract was awarded to the South Korean agency KEPCO, ahead of three other players from France, Japan and the US, due to low construction costs, demonstration of high capacity factors, and short construction time. The contract also includes the supply of fuel for all XX units. 174

22 Emerging Nuclear Countries Nuclear installed capacity and generation are expected to grow steadily from 2017, when the country s first reactor is scheduled to come online, but to plateau after 2020, when all four planned reactors have come online. Nuclear capacity and generation are expected to reach XX GW and XX TWh by The following figure illustrates nuclear installed capacity and generation in the UAE between 2000 and Figure 64: Nuclear Power Market, UAE, Installed Capacity (GW) and Annual Power Generation (TWh), Installed capacity (GW) Annual power generation (TWh) Installed capacity Annual power generation Source: GlobalData, Nuclear etrack, Capacity and Generation Database [Accessed on February 12, 2014] 175

23 Emerging Nuclear Countries Table 46: Nuclear Power Market, UAE, Installed Capacity (GW) and Annual Power Generation (TWh), Year Installed capacity Annual power generation Source: GlobalData, Nuclear etrack, Capacity and Generation Database [Accessed on February 12, 2014] Main Steam Isolation Valve Market, UAE, Drivers Increasing Power Demand The demand for power in the UAE has witnessed a substantial rise in recent years, and is forecast to increase at a higher rate during the period between 2013 and The demand for power increased from XX TWh in 2000 to XX TWh in 2012, at a CAGR of XX%. It is forecast to increase 176

24 Appendix 9 Appendix 9.1 Abbreviations Table 72: Abbreviations Abbreviation Definition AAGR Average Annual Growth Rate AEC Atomic Energy Commission AECL Atomic Energy of Canada Ltd AEPC Atomic Energy Promotion Committee AERB Atomic Energy Regulatory Board ANDRA National Radioactive Waste Management Agency Asco ASCO Valve Inc ASME American Society of Mechanical Engineers ASN Autorité de Sûreté Nucléaire Bopp & Reuther Bopp & Reuther Group CAEA China Atomic Energy Authority CAGR Compound Annual Growth Rate CANDU Canada Deuterium and Uranium CCI Control Components Inc CEA Commissariat à l Energie Atomique et aux Energies Alternatives CNSC Canadian Nuclear Safety Commission Copes-Vulcan Copes-Vulcan, Inc. CPR1000 Chinese Pressurized Water Reactor 1000 CWFC Curtiss-Wright Flow Control Company DAE Department of Atomic Energy DECC Department of Energy and Climate Change DoE Department of Energy EDF Electricite De France EDO Executive Director for Operations EJ Exajoule FANR Federal Authority for Nuclear Regulation Flowserve Flowserve Corporation FSG Flow Solutions Group GCR Gas-Cooled Reactor GW Gigawatts GWh Gigawatt hour HSE Health and Safety Executive 224

25 Appendix IAEA Jiangsu KINS KRMC KSB kw LOCA MEST MOC MoIT MoST MSIV MW NDRC NEA NNSA NPP NRB NRC NSSC PHWR PLEX PV RAW Ringo SCEPA SEPA SNF SNRC TAEA tu TVE TWh U 3O 8 UAE UKAEA VAEA VARANS Velan International Atomic Energy Agency Jiangsu Shentong Valve Co., Ltd. Korea Institute of Nuclear Safety Korean Radioactive Waste Management Corporation KSB Aktiengesellschaft kilowatt Loss of Coolant Accident Ministry of Education Science and Technology Ministry of Commerce Ministry of Industry and Trade Ministry of Science and Technology Main Steam Isolation Valve Megawatt National Development and Reform Commission National Energy Administration National Nuclear Security Administration Nuclear Power Plant Nuclear Regulatory Bureau Nuclear Regulatory Commission Nuclear Safety and Securities Commission Pressurized Heavy Water Reactor Plant Life Extension Photo-Voltaic Radioactive Waste Ringo Valvulas Espana Scottish Environment Protection Agency State Environmental Protection Agency Spent Nuclear Fuel State Nuclear Regulatory Committee Turkish Atomic Energy Authority tons of Uranium Toa Valve Engineering, Inc. Terawatt hours Triuranium octoxide United Arab Emirates UK Atomic Energy Authority Vietnam Atomic Energy Agency Vietnam Agency for Radiation and Nuclear Safety Velan Inc 225

26 Appendix Weir Weir Group Plc Source: GlobalData 226

27 Appendix 9.2 Bibliography AERB (2013a). Atomic Energy Act, Atomic Energy Research Board. Available from: [Accessed on February 16, 2014]. AERB (2013b). Function of AERB. Atomic Energy Research Board. Available from: [Accessed on February 16, 2014]. ANDRA (2011). Who are we? The National Radioactive Waste Management Agency. Available from: [Accessed on February 16, 2014]. ASN (2012). About ASN. Authorite De Surete Nucleaire. Available from: [Accessed on February 16, 2014]. BusinessTimes (2012). Vietnam Plans to raise $48.8 billion for Power Projects in The Business Times. Available from: billion-for-power-projects-in / [Accessed on February 16, 2014]. Cho M (2012). South Koreans to Ponder Where to Store Nuclear Waste. Thomson Reuters. Available from [Accessed on February 16, 2014]. CNA (2012). National Nuclear Attitude Survey. Canadian Nuclear Association. Available from: DAE (2012). Meeting Demand Projection. Department of Atomic Energy - India. Available from: [Accessed on February 16, 2014]. EIA (2013a). Russia Country Analysis. US Energy Information Administration. Available from: [Accessed on February 16, 2014]. EIA (2013b). South Korea Country Analysis. US Energy Information Administration. Available from: [Accessed on February 16, 2014]. EU (2012). What is the EU doing about climate change? European Union. Available from: [Accessed on February 16, 2014]. EUJRC (2012). Trends in Global CO2 Emissions. European Commission Joint Research Center. Available from: 227

28 Appendix FANR (2013a). Federal Authority for Nuclear Regulation - Our Services. Federal Authority for Nuclear Regulation. Available from: [Accessed on February 16, 2014]. FANR (2013b). Federal Authority for Nuclear Regulation Regulations. Federal Authority for Nuclear Regulation. Available from: [Accessed on February 16, 2014]. GlobeScan (2011). Opposition to Nuclear Energy Grows. GlobeScan. Available from: nergy.pdf Greenhouse S (1990). Confrontation in the Gulf; Oil Crisis Like 1973's? It's Not Necessarily So. The New York Times. Available from: [Accessed on February 16, 2014]. Grunsky A (2005). Nuclear Maintenance Applications Center: Main Steam Isolation Valve Maintenance Guide. Electric Power Research Institute. Available from: [Accessed on February 16, 2014]. Han S (2012). South Korea Asks Companies to Cut CO 2 Emissions 3% in Bloomberg. Available from: [Accessed on February 16, 2014]. HDN (2011). Turkish Public Reluctant About Going Nuclear, Says Opinion Poll. Hurriyet Daily News. Available from: [Accessed on February 16, 2014]. IAEA (2006b). The National Report of the Report of the Russia Federation on Compliance with the Obligations of the Joint Convention on the Safety of Spent Fuel Management and the Safety of Radioactive Waste Management. International Atomic Energy Agency. Available from: 228

29 Appendix IAEA (2009). Current Workforce Requirements for Nuclear Power Plants in the USA. International Atomic Energy Agency. Available from: TM/USA_Current_US_Nuclear_Workforce_Requirements.pdf IAEA (2012a). Country Nuclear Power Profiles France. International Atomic Energy Agency. Available from: [Accessed on February 16, 2014]. IAEA (2012b). Country Nuclear Power Profiles Ukraine. International Atomic Energy Agency. Available from: [Accessed on February 16, 2014]. IAEA (2012c). Country Nuclear Power Profiles China. International Atomic Energy Agency. Available from: ote1 [Accessed on February 16, 2014]. IAS (2013). India's Uranium Shortage. Indian Academy of Sciences. Available from: [Accessed on February 16, 2014]. MSA (2012). Reference Lists Valves for Nuclear Power Plants. MSA. Available from: [Accessed on February 16, 2014]. NEI (2011). Majorities of U.S. Public, Plant Neighbors Favor Nuclear Energy and New Reactor Development. Nuclear Energy Institute. Available from: perspective-on-public-opinion-november-2011/ [Accessed on February 16, 2014]. NRC (2012a). Organization and Functions. Nuclear Regulatory Commission. Available from: [Accessed on February 16, 2014]. NRC (2012b). Governing Regulation. Nuclear Regulatory Commission. Available from: [Accessed on February 16, 2014]. 229

30 Appendix OECD (2011). Nuclear Legislation in OECD Countries. Organization for Economic Cooperation and Development. Available from: [Accessed on February 16, 2014]. Onishi N (2012). Vietnam s Nuclear Dreams Blossom Despite Doubts. The New York Times. Available from: [Accessed on February 16, 2014]. PAC (2008). Readiness of the US Nuclear Workforce for 21st Century Challenges. Public Accounts Committee. Available from: Reuters (2012). Russia doubles nuclear exports despite Fukushima. Thomson Reuters. Available from: [Accessed on February 16, 2014]. RiaNovosti (2012). Ukraine to Import 50% Less Russian Gas in 2013 Minister. RIA Novosti. Available from: [Accessed on February 16, 2014]. Singh, M (2008). US-India Nuclear Deal Goes Through. Time Magazine. Available from: [Accessed on February 16, 2014]. SNRIU (2012). Nuclear Legislation. State Nuclear Regulatory Inspectorate of Ukraine. Available from: BF16A563 [Accessed on February 16, 2014]. TAEA (2013a). Turkish Atomic Energy Authority Law. Turkish Atomic Energy Authority. Available from: [Accessed on February 16, 2014]. TAEA (2013b). Turkish Atomic Energy Authority Regulations. Turkish Atomic Energy Authority. Available from: [Accessed on February 16, 2014]. 230

31 Appendix WNA (2013a). Uranium in Canada. World Nuclear Association. Available from: UK Legislation (2012). United Kingdom Legislation. UK Legislation. Available from: [Accessed on February 16, 2014]. VAEA (2013). Functions, Tasks and Rights. Vietnam Atomic Energy Agency. Available from: Chart/Vietnam_Atomic_Energy_Agency/ [Accessed on February 16, 2014]. WNA (2012). Nuclear Power in Vietnam. World Nuclear Association. Available from: [Accessed on February 16, 2014]. [Accessed on February 16, 2014]. WNA (2013b). Nuclear Power in Canada. World Nuclear Association. Available from: [Accessed on February 16, 2014]. WNA (2013c). Nuclear Power in China. World Nuclear Association. Available from: Power/#.UXjINaKB_Sg [Accessed on February 16, 2014]. WNN (2012a). Extending Operating Lives of French Reactors Best Option. World Nuclear News. Available from: Extending_operating_lives_of_French_reactors_best_option html [Accessed on February 16, 2014]. WNN (2012b). More Nuclear, Say UK Residents. World Nuclear News. Available from: [Accessed on February 16, 2014]. 231

32 Appendix 9.3 Research Methodology GlobalData s dedicated research and analysis teams consist of experienced professionals with advanced statistical expertise and marketing, market research and consulting backgrounds in the energy industry. GlobalData adheres to the codes of practice set by the Market Research Society ( and Strategic and Competitive Intelligence Professionals ( The following research methodology has been followed for MSIVs Coverage We track hundreds of nuclear energy news sources on a daily basis. Using this news flow and regular interaction with industry experts, we are able to identify key trends. These can be market opportunities, industry consolidation, technological breakthroughs, and policy updates. The report investigates these trends in detail with the objective of providing the most up-to-date vision of the industry possible. The report covers the energy mix, nuclear capacity, nuclear generation, drivers, restraints, regulatory frameworks, market volume, market value, and ranking of players in a country and company profiles of key players. The report analyzes the demand and market value for MSIVs in key countries. Additionally, the report also states the key factors impacting the demand for MSIVs in a country and ranks the players active in the nuclear valve market in respective countries. The report also includes a section on key players and their activities in these countries Secondary Research The research process begins with extensive secondary research using internal and external sources to provide qualitative and quantitative information related to MSIVs. The secondary research sources that are typically referred to include, but are not limited to: Company websites, annual reports and financial reports Industry trade journals and other literature Internal and external proprietary databases 232

33 Appendix National government documents, statistical databases and market reports News articles, press releases and web-casts specific to the companies operating in the market Primary Research Primary research further substantiates the information found through secondary research. It serves as a quality control mechanism and a means of obtaining updates on issues such as changes in policy frameworks and the development of the nuclear sector. GlobalData conducts primary interviews with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions: Provides first-hand information on market size, market trends, growth trends, competitive landscape and future outlook Helps to validate and strengthen secondary research findings Further develops the analysis team s expertise and market understanding Primary research involves correspondence, telephone interviews and face-to-face interviews for each market category, segment and sub-segment across a range of geographies. The participants who typically take part in such a process include, but are not limited to: Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers Outside experts: investment bankers, valuation experts, research analysts and key opinion leaders specializing in the nuclear energy industry Modeling and Forecasting The market size or volume of the MSIV market has been estimated by taking into account various factors that directly impact the industry. This includes the relevant details of operating reactors such as their capacity, type, year online, operating license, life of MSIVs, usage levels and lead time. To estimate the market size, the number of MSIVs installed in each reactor has been determined, which forms the basis for estimating the number MSIVs that will be required for upcoming reactors. 233

34 Appendix An average lead time of three years and average life of 25 years for each MSIV has been assumed to estimate the demand for MSIVs. The market value has been derived with the help of market size and the average price of MSIVs based on reactor type and capacity. Market value has been estimated based on several contracts and primary research. 9.4 Disclaimer All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise without the prior permission of the publisher, GlobalData. 234