Nuclear Electricity Global Market Report 2023 – By Reactor Type (Pressurized Water Reactors (PWR), Fast Breeder Reactor (FBR), Pressurized Heavy Water Reactor (PHWR), Boiling Water Reactor (BWR), Light Water Graphite Reactor (LWGR), Gas Cooled Reactor (GCR)), By EndUser (Residential, Commercial, Industrial), By Technology (Generation I, Generation II, Generation III, And Generation IV) – Market Size, Trends, And Global Forecast 2023-2032

Power generation refers to electricity production using different types of technologies in order to supply power to the electrical grid for society's electrical needs. It includes electricity produced in electricity-only plants and in combined heat and power plants. The main types of power generation are hydroelectricity, fossil fuel electricity, nuclear electricity, solar electricity, wind electricity, geothermal electricity, biomass electricity, and other electricity. Hydroelectricity, also known as hydroelectric power or hydroelectric energy, is a type of energy that generates electricity by harnessing the power of moving water, such as water running over a waterfall. Energy for power generation is derived from both conventional (non-renewable) and renewable sources. The different types of grids include off-grid and on-grid, which are used by the residential, commercial, and industrial sectors. The global power generation market is segmented - 1) By Type: Hydro Electricity, Fossil Fuel Electricity, Nuclear Electricity, Solar Electricity, Wind Electricity, Geothermal Electricity, Biomass Electricity, Other Electricity 2) By End-User: Residential, Commercial, Industrial 3) By Sources Of Energy: Conventional/Non-Renewable Source, Renewable Source 4) By Type of Grid: Off Grid, On Grid The global power generation market size will grow from $1,776.61 billion in 2022 to $1,913.39 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The size of power generation market is expected to grow to $2,543.23 billion in 2027 at a compound annual growth rate (CAGR) of 7.4%. The increasing applications of electricity in the transportation industry are expected to increase the demand for electricity, driving the power generation market. The electrification of railways in underdeveloped and developing countries; the setting up of public transportation networks such as rapid metro transit systems; and the increasing use of electric vehicles in developed countries will create significant opportunities for power generation companies in the market. For instance, to attain net-zero carbon emissions, the Office of Rail and Road (ORR) estimates that 13,000 track kilometers – or about 450km per year – of the track will need to be electrified by 2050 in the UK, and 179 km kilometers were electrified between 2020 and 2021. According to the Edison Electric Institute (EEI), annual electric vehicle sales in the USA are expected to surpass 1.2 million by 2025. Electric vehicles are expected to account for 9% of the global electricity demand by 2050. Major companies in the power generation market include Enel SpA, Electricite De France SA, State Power Investment Corporation, E.ON SE, Engie, Huaneng Power International, Inc., Exelon Corp, Endesa SA, Datang International Power Generation Company Limited, and Inter RAO UES. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on the power generation market in 2020 as demand for utility services from industrial and commercial establishments decreased due to trade restrictions and lockdowns imposed by governments globally. Many manufacturing facilities globally halted operations to contain the spread of viruses among their workforce, thereby limiting the need for utility services such as electricity and wastewater treatment. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of lock down. The outbreak has had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the power generation market will recover from the shock across the forecast period as it is a black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Electric power generation companies are using batteries to store solar energy during daylight hours. The energy storage sites consist of large lithium-ion batteries. Storage of energy in batteries is also getting more popular in other types of power generation. These batteries store enough energy to serve as a backup in case of a power shortage due to disruptions in fuel supply. They are designed to absorb solar power and feed it back to the grid. These systems minimize the need for capital-intensive power generation plants, enhance transmission and distribution efficiencies, and reduce operational costs. By 2025, the World Bank Group aims to fund 17.5-gigawatt hours (GWh) of battery storage, more than tripling the current 4-5 GWh installed across all developing nations. Asia-Pacific was the largest region in the power generation market in 2022. Western Europe was the second-largest region in the power generation market. The regions covered in the power generation report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the power generation market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The power generation market includes revenue earned by entities by thermal energy generated from fossil fuels, coal, petroleum, natural gas, solar thermal energy, chemical energy, and potential energy from falling water. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The power generation market research report is one of a series of new reports from The Business Research Company that provides power generation market statistics, including the power generation industry global market size, regional shares, competitors with a power generation market share, detailed power generation market segments, market trends and opportunities, and any further data you may need to thrive in the power generation industry. This power generation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The nuclear electric power generation market consists of sales of nuclear electric power and related services that convert nuclear energy into electrical energy. The nuclear electric power generation industry includes establishments that operate nuclear power plants which use uranium as a fuel to generate electricity. Nuclear power plants use the heat produced during nuclear fission. In nuclear fission, which takes place inside the reactor of a nuclear power plant, atoms are split apart to form smaller atoms, releasing energy. The heat produced in the reactor core during nuclear fission is used to boil water into steam, which converts the blades of a steam turbine. As the turbine blades turn, they drive generators that produce electricity. The electrical energy produced is directly provided to power transmission systems, which are used to move large quantities of power from generating facilities to substations and distribution systems, which are used for short distances, generally to transport electricity to customers locally.

The steam turbine refers to a machine that converts thermal energy from pressurized steam and transforms it into mechanical work on a rotating output shaft. It uses heat sources such as gas, coal, nuclear, and solar to heat water at extremely high temperatures until it is converted into steam. The main parts of stream turbines are rotors and blades. The main types of plants types using steam turbines are gas, coal, nuclear, and others. The gas steam turbines use gas as a source to generate steam. Gas is used to heat water to extremely high temperatures until it is converted into steam. Steam turbines usually come in two designs, namely reaction and impulse, and have the capacities of rated power (60 MW), rated power (60–200 MW), and rated power (> 200 MW). Steam turbines use technologies such as steam cycle, combined cycle, and cogeneration and are used in end-use industries such as power, utility, and industrial. The global steam turbine market is segmented - 1) By Plant Type: Gas, Coal, Nuclear, Other Plant Types 2) By Capacity: Rated Power (<60MW), Rated Power (60-200MW), Rated Power (>200MW) 3) By Technology: Steam Cycle, Combined Cycle, Cogeneration 4) By Design: Reaction, Impulse 5) By End-Use Industry: Power And Utility, Industrial The global steam turbine market size grew from $16.94 billion in 2022 to $17.59 billion in 2023 at a compound annual growth rate (CAGR) of 3.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The market size of global steam turbine market is expected to grow to $21.02 billion in 2027 at a CAGR of 4.6%. The increase in focus on renewable energy is expected to propel the growth of the steam turbine market. Renewable energy, also identified as clean energy, provides consistent power supplies and fuel diversification, improving energy security and reducing the risk of fuel spills. The primary focus on renewable energy is to advance economic development, improve energy security, enhance access to power, and mitigate climate change. The increasing focus on renewable energy creates demand for steam turbines as these are a source of clean energy to produce electricity with no/less environmental impact. For instance, according to the renewable energy industry report by the India Brand Equity Foundation (IBEF), as of January 2022, India’s installed renewable energy capacity stood at 152.36 GW, accounting for 38.56% of total installed power capacity. Power generation from renewable energy sources reached 13.15 billion units (BU) in January 2022, increasing from 11.51 BU in January 2021. Therefore, increasing focus on renewable energy will drive the growth of the steam turbine market. Major players in the steam turbine market are General Electric (GE) Co, Fuji Electric, Toshiba Corporation, Siemens, Arani Power Systems, Elliott Group, Doosan Škoda Power, Chola Turbo Machinery International Pvt Ltd., Mitsubishi Hitachi Power Systems, Ansaldo Energia, Bharat Heavy Electricals Limited, MAN Energy Solutions, DONGFANG TURBINE, Kawasaki Heavy Industries, Harbin Electric, AIstom SA, Toshiba JSW Power Systems Private Limited, Kessels Steam Turbines and Hyundai Heavy Industries. Environmentally friendly and efficient cogeneration process is a key trend in the steam turbine market. Joint production or cogeneration or combined heat and power (CHP) is a method in which a simple cycle gas turbine generates electricity and steam and additional steam for other actions like drying. This method is being used in various steam turbines, proving much more efficient than other processes. This process recovers heat from energy loss pathways and uses it to generate electricity. The CHP method can produce electricity concurrently and useful thermal energy from a single source of fuel. For instance, in May 2020, MAN Energy Solutions, a German-based manufacturing company gave the contract for two MST050 steam turbines to employ in the operation of a CHP power plant by the German public utility company Stadtwerke Leipzig. The CHP power plant uses an environment-friendly cogeneration process to use the remaining heat for district heating networks. In February 2022, EDF, a French electric utility company announced the acquisition of American General Electric Company (GE) for an undisclosed amount. Through this deal, EDF has acquired GE’s subsidiary GE Steam Power’s activities related to the nuclear steam turbine business and aims to create a global steam turbine equipment and services provider within the EDF group. General Electric Company is a US-based company offering technologies and services primarily for nuclear and coal power plants, including steam turbines, though its subsidiary GE Steam Power. Western Europe was the largest region in the steam turbine market share in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global steam turbine industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the steam turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The steam turbine market consists of sales of the steam turbine including back-pressure steam turbines, extraction steam turbines, and condensing steam turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steam turbines market research report is one of a series of new reports from The Business Research Company that provides steam turbines market statistics, including steam turbines industry global market size, regional shares, competitors with a steam turbines market share, detailed steam turbines market segments, market trends and opportunities, and any further data you may need to thrive in the steam turbines industry. This steam turbines market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Nuclear power reactor decommissioning refers to the process of retiring nuclear power reactors from service and terminating the regulatory commission's operating licenses. It helps in dismantling the plant and restoring the site to an agreed end-state ready for some form of re-use. The main types of nuclear power reactor decommissioning are pressurized water reactors, pressurized heavy water reactors, boiling water reactors, high-temperature gas-cooled reactors, liquid metal fast breeder reactors, and others. Pressurized nuclear power reactor decommissioning refers to a type of nuclear reactor that generates energy while also propelling nuclear submarines and naval vessels. The various capacities include below 100 MW, 100-1000 MW, and above 1000 MW and are used in several applications such as commercial power reactors, prototype power reactors, and research reactors. The global nuclear power reactor decommissioning market is segmented – 1) By Reactor Type: Pressurized Water Reactor, Pressurized Heavy Water Reactor, Boiling Water Reactor, High-temperature Gas-cooled Reactor, Liquid Metal Fast Breeder Reactor, Other Reactor Types 2) By Capacity: Below 100 MW, 100-1000 MW, Above 1000 MW 3) By Application: Commercial Power Reactor, Prototype Power Reactor, Research Reactor The global nuclear power reactor decommissioning market size will grow from $5.69 billion in 2022 to $6.48 billion in 2023 at a compound annual growth rate (CAGR) of 13.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global nuclear power reactor decommissioning is expected to grow to $10.05 billion in 2027 at a CAGR of 11.6%. The growing sensitivity towards environmental issues is expected to propel the growth of the nuclear power reactor decommissioning market going forward. Environmental sensitivity refers to the growing awareness of environmental issues. Nuclear power plants (NPPs) are used to produce carbon-free electricity due to their superior reliability, enormous clean-air compliance value, and large capacity for power generation. Decommissioning is the process of removing nuclear fuel from a nuclear power plant and assisting in the termination of operating licenses. For instance, according to the Government of Canada, in October 2021, the Canadian government is working to develop resources and improve environmental quality, with the objective of reducing carbon emissions by 30% by 2030 and reaching net-zero emissions by 2050. Moreover, in May 2021, the United Kingdom announced £166.5 million ($206.61 million) in financing to support the development of green technology that would reduce carbon emissions. Therefore, growing sensitivity towards environmental issues is driving the growth of the nuclear power reactor decommissioning market. Major players in the nuclear power reactor decommissioning market are Babcock International Group PLC, GE Hitachi Nuclear Services, Fluor Corporation, Westinghouse Electric Company, AECOM, NorthStar Group Services Inc., Studsvik AB, Bechtel Group Inc., James Fisher and Sons PLC, Orano Group, WS Atkins PLC, Enercon Services Inc., Areva S.A., SNC - LAVALIN, and TEPCO. The implementation of information and technology is the key trend gaining popularity in the nuclear power reactor decommissioning market. Major companies operating in the nuclear power reactor decommissioning sector are focused on using information and technology to reinforce their position. For instance, in February 2020, VTT Technical Research Centre, a Finland-based research and technology company, launched the dECOmm project, which helps to decommission nuclear power plants. This project is using information technology in decommissioning to make the process easier and faster. The dECOmm project is an eco-friendly project that emits less carbon while decommissioning nuclear power plants. In December 2020, China National Nuclear Corporation (CNNC), a China-based company that generates and distributes nuclear power products, acquired Nusim SA for an undisclosed amount. This acquisition is part of a larger worldwide expansion strategy that includes participation in environmental projects in Europe, Africa, and South America, such as the decommissioning of European nuclear power plants. Nusim is a Spanish-based company that specializes in the design and manufacture of decommissioning treatment tools and equipment for nuclear power plants. Europe was the largest region in the nuclear power reactor decommissioning market in 2022. North America is expected to be the fastest-growing region in the nuclear power reactor decommissioning market share during the forecast period. The regions covered in the nuclear power reactor decommissioning market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the nuclear power reactor decommissioning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The nuclear power reactor decommissioning market includes revenues earned by entities by providing services such as SAFSTOR (Safe storage), DECON (Decontamination), and ENTOM. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The nuclear power reactor decommissioning market research report is one of a series of new reports from The Business Research Company that provides nuclear power reactor decommissioning market statistics, including nuclear power reactor decommissioning industry global market size, regional shares, competitors with a nuclear power reactor decommissioning market share, detailed nuclear power reactor decommissioning market segments, market trends and opportunities, and any further data you may need to thrive in the nuclear power reactor decommissioning industry. This nuclear power reactor decommissioning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A floating power plant refers to a power generator plant based on marine technology on previously installed cargo ships. These can be relocated to some other location and do not require any large site for installation. It also supplies electricity in case of floods and earthquakes. It is used to fulfill increasing power demand and supply electricity in low-infrastructure areas. The main types of floating power plant markets are floating solar power, floating wind, floating wind and wave power, floating nuclear power, and others. Floating solar power refers to the production of energy by using marine technology and renewable energy over the water bodies. The various type of power sources include non-renewable power sources and renewable power sources, and have different capacities such as 1 MW–5 MW, 5.1 MW–20 MW, 20.1 MW–100 MW, 100.1 MW–250 MW, and above 250 MW. The global floating power plant market is segmented - 1) By Type: Floating Solar Power, Floating Wind, Floating Wind and Wave Power, Floating Nuclear Power, Other Types 2) By Type of Power Source: Non-Renewable Power Sources, Renewable Power Sources 3) By Capacity: 1 MW–5 MW, 5.1 MW–20 MW, 20.1 MW–100 MW, 100.1 MW–250 MW, Above 250 MW The global floating power plant market size grew from $2.38 billion in 2022 to $2.59 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the floating power plant market is expected to grow to $3.47 billion in 2027 at a CAGR of 7.6%. The rising demand for energy across the globe is expected to propel the growth of the floating power plant market going forward. Energy refers to the energy derived from electrical potential energy or kinetic energy, which helps in the working of a machine. Due to the increase in industrialization, there is an increase in demand for energy-floating power plants that help in managing the free flow of electricity in industries. For instance, according to the International Energy Agency (IEA), a France-based intergovernmental organization, in April 2021, the global electricity demand had increased by 1,000 terawatt hours (TWh), showing a global increase of 4%. Therefore, increasing energy consumption is driving the growth of the floating power plant market. Major players in the floating power plant market are MAN Diesel & Turbo SE, Mitsubishi Corporation, General Electric Company, Siemens AG, Caterpillar Inc., Ciel & Terre International, Floating Power Plant A/S, Principle Power Inc., Upsolar Inc., Vikram Solar Ltd., SeaTwirl AB, Ideol, Wartsila, Yingli Solar, Equinor ASA, Kawasaki Heavy Industries Ltd., Karadeniz Holding, and Kyocera Corporation. Technological advancement is a key trend gaining popularity in the floating power plant market. Major companies operating in the floating power plant sector are focused on introducing new technologies to sustain their position. For instance, in September 2021, Linxon, a Switzerland-based power generation company, launched advanced floating substation technology. This technology helps to minimize the carbonization of the electricity grid and can potentially generate electricity. Also, this floating substation technology helps in generating renewable electricity. In February 2020, Marubeni Corporation, a Japan-based company specializing in electrical industrial plant businesses, acquired Chenya Energy Co Ltd for an undisclosed amount. This acquisition helps Marubeni Corporation to increase its floating solar power business and renewable energy development capabilities. Chenya Energy Co., Ltd. is a Taiwan-based company that operates in the fields of the development of floating solar power plants and construction. Europe was the largest region in the floating power plant market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the floating power plant market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the floating power plant market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The floating power plant market consists of revenues earned by entities by providing solutions and services for power generation designing, installation, and maintenance to provide a stable, quickly accessible power supply to areas in acute need of electricity. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The floating power plant market research report is one of a series of new reports from The Business Research Company that provides floating power plant market statistics, including floating power plant industry global market size, regional shares, competitors with a floating power plant market share, detailed floating power plant market segments, market trends and opportunities, and any further data you may need to thrive in the floating power plant industry. This floating power plant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Infrastructure inspection refers to the technology that involves collecting and assessing meaningful data about the infrastructure. Infrastructure inspections can include bridges, pipelines, power grids, and other facilities that are essential to the use and safety of structures. The infrastructure inspection is used in analyzing and monitoring tools that help to analyze the state of the infrastructure. The main types of infrastructure inspection are drones, unmanned aerial vehicles (UAVs), crawlers, and submersibles. A crawler refers to a program that visits Web sites and reads their pages and other information in order to create entries for a search engine index. The operations are autonomous or semi-autonomous. The various applications involved pipes, tanks and vessels, sewers, roads and bridges, underwater inspection, wind turbines, nuclear applications, and auxiliary structures. The various end-users included building and construction, oil and gas, power generation, chemicals, petrochemicals, municipal, and general purpose. The global infrastructure inspection market is segmented - 1) By Product Type: Drones, or Unmanned Aerial Vehicles (UAVs), Crawlers, Submersibles 2) By Operation: Autonomous, Semi-Autonomous 3) By Application: Pipes, Tanks and Vessels, Sewers, Roads and Bridges, Underwater Inspection, Wind Turbines, Nuclear Applications, Auxiliary Structures 4) By End-Use: Building and Construction, Oil and Gas, Power Generation, Chemical, Petrochemical, Municipal, General Purpose The global infrastructure inspection market size will grow from $1.95 billion in 2022 to $2.11 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the infrastructure inspection is expected to grow to $2.84 billion in 2027 at a CAGR of 7.7%. The surge in capital investments for structural health monitoring to ensure better maintenance of critical infrastructure is expected to propel the growth of the infrastructure inspection market going forward. Structural health monitoring (SHM) is a set of systems that are installed on full-scale civil infrastructures to assist and inform operators. To ensure structural integrity, ageing bridges, highways, buildings, dams, pylons, tunnels, and other structures are inspected. For instance, in March 2022, according to a report by Govtribe, a US-based company that focuses on government contractors and provides a real-time resource locator, the Federal Government granted the opportunity to Engineer Research and Development Centre (ERDC) for innovative technologies in structural health monitoring to advance structural health monitoring (SHM) technologies and assess the current and future condition and reliability of infrastructure components and systems. The first year was allocated $2 million, with a total budget of $12 million. Therefore, the surge in capital investments for structural health monitoring is driving the infrastructure inspection market growth. Major players in the infrastructure inspection market are Honeybee Robotics, Eddyfi Technologies, Wipro Limited, Xylem Inc., Campbell Scientific Inc., Geokon, Digitexx Data Systems Inc.,, Sisgeo S.r.l., AVT Reliability Ltd, MISTRAS Group, Wipro, Intel Corporation, Lockheed Martin Corporation, Northrop Grumman, DJI, Parrot Drone SAS., and Acellent Technologies Inc. Technological advancement is a key trend gaining popularity in the infrastructure inspection market. Major companies operating in the infrastructure inspection market are focused on developing new technological solutions to strengthen their position. For instance, in May 2022, Toshiba, a Japan-based company operating in infrastructure inspection, develops Infrastructure Inspection AI for detecting anomalies with unprecedented accuracy from a small number of reference images. Instead of requiring real-world training like traditional AI, the technology compares inspection shots against reference images using features from pre-trained deep learning models. The new AI would detect anomalies with high accuracy even when inspection photos are taken from different perspectives than in the reference images because of Toshiba's proprietary rectification technology. This technology also helps to reduce false positives for unusual patterns that are truly normal. In July 2022, DroneBase, a US-based leader in intelligent imaging, acquired U.K.-based Inspection for an undisclosed amount. DroneBase's acquisition of Inspection2 expands DroneBase's AI-enabled inspection capabilities across telecom and transmission and distribution, creating a complete offering for owners, operators, and investors in renewable energy infrastructure and systems. Inspection2 is a UK-based company operating in infrastructure inspection. North America was the largest region in the infrastructure inspection market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this infrastructure inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the infrastructure inspection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The infrastructure inspection market consists of revenues earned by entities by providing infrastructure inspection that are used in pipes, sewers and wind turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The infrastructure inspection market research report is one of a series of new reports from The Business Research Company that provides infrastructure inspection market statistics, including infrastructure inspection industry global market size, regional shares, competitors with an infrastructure inspection market share, detailed infrastructure inspection market segments, market trends and opportunities, and any further data you may need to thrive in the infrastructure inspection industry. This infrastructure inspection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Nuclear imaging devices and equipment are used in the diagnosis of diseases by using small amounts of radioactive substances in the patients and are used in a wide range of medical applications including cardiology, obstetrics/gynecology, vascular, urology, and other medical applications. The main product types in the nuclear imaging devices and equipment are SPECT systems, PET systems, and planar scintigraphy. The SPECT scan is used to capture the images and create 3D scanning. These are used for various applications such as oncology, cardiology, neurology, other applications (orthopedics, urology, thyroid-related disorders, and gastroenterology) that are used in hospitals, imaging centres, academic & research institutes, other end users (pharmaceutical/biotechnology companies and CROs). The global nuclear imaging devices and equipment market is segmented - 1) By product type: SPECT systems, PET systems, Planar Scintigraphy, 2) By application: Oncology, Cardiology, Neurology, Other Applications (Orthopedics, Urology, Thyroid-related Disorders, and Gastroenterology) 3) By end user: Hospitals, Imaging Centers, Academic & Research Institutes, Other End Users (Pharmaceutical/Biotechnology Companies and CROs) The global nuclear imaging devices and equipment market size will grow from $4.02 billion in 2022 to $4.22 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global nuclear imaging devices and equipment is expected to grow from $4.99 billion in 2027 at a CAGR of 4.3%. The nuclear imaging devices and equipment market is being driven by increasing incidences and prevalence of diseases such as cancer, heart disease, gastrointestinal, endocrine, and neurological disorders. Such diseases are diagnosed in relatively early stages by nuclear imaging equipment as compared to other equipment. For instance, according to the American Cancer Society 2020, in the United States, 1.8 million new cancer cases are diagnosed and 606,520 cancer deaths in the United States, many of which have been diagnosed by nuclear imaging devices and equipment. Major players in the market are Toshiba Medical Systems Corporation, Neusoft Medical Systems Co., Ltd., SurgicEye GmbH, Siemens Healthineers, GE Healthcare, Mediso Medical Imaging Systems Ltd., Digirad Corporation, CMR Naviscan Corporation, DDD Diagnostics, and Philips Healthcare. The nuclear imaging devices and equipment market is being restrained by strict regulations by the Nuclear Regulatory Commission (NRC) medical use. For instance, the NRC requires nuclear imaging equipment licensees to use and store radioactive materials to protect workers and common people by removing unwanted exposure, which has resulted in a relatively less number of nuclear imaging equipment being manufactured. Companies in the nuclear imaging devices and equipment market are using hybrid imaging technologies such as positron emission tomography/computed tomography (PET/CT), single-photon emission computed tomography/computed tomography (SPECT/CT), and positron emission tomography/magnetic resonance imaging (PET/MRI) for nuclear medical imaging. These hybrid systems provide precise images with better resolution and both morphological and physiological information in just one instance of testing. For instance, a SPECT/CT system for skeletal evaluation offers accurate localization and improves the specificity of information provided by CT. The Nuclear Regulatory Commission (NRC), USA regulates the manufacture and use of radioactive materials in nuclear imaging devices, as well as radiation therapy and research. It has agreements with 37 US states which allows them to regulate the use of certain radioactive materials by giving licenses to hospitals, clinics, and medical centres. The US-based Food and Drug Administration (FDA) also regulates products and procedures that are radiation-emitting. It reviews the safety and use of radiopharmaceuticals and machines like x-rays, which produce radiation but do not make or use radioactive material. In April 2020, TTG Imaging Solutions, LLC., a company operating in nuclear medicine equipment based in the United States acquired Nuclear Imaging Services and Molecular Imaging Specialists for an undisclosed amount. With this acquisition, The company wants to expand its portfolio in diagnostics imaging. Nuclear Imaging Services is a company operating in nuclear imaging based in texas and Molecular Imaging Specialists, a company operating in nuclear imaging devices and equipment based in the United States. Western Europe was the largest region in the nuclear imaging devices and equipment market in 2022. North America was the second-largest region in the nuclear imaging devices and equipment market. The regions covered in the nuclear imaging devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the nuclear imaging devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The nuclear imaging devices and equipment market consist of sales of SPECT (single-photon emission computed tomography) systems, hybrid PET systems, and planar scintigraphy imaging systems. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The nuclear imaging devices and equipment market research report is one of a series of new reports from The Business Research Company that provides nuclear imaging devices and equipment market statistics, including nuclear imaging devices and equipment industry global market size, regional shares, competitors with a nuclear imaging devices and equipment market share, detailed nuclear imaging devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the nuclear imaging devices and equipment industry. This nuclear imaging devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Helium is a chemical element also known as Nobel gas (inert gas), which is available in natural gas form and can be converted into liquid form by lowering the temperature to below-270 degrees. Helium is an odorless, tasteless, colorless, inert, non-toxic monatomic gas that uses the lowest boiling and melting points. The main types of helium are liquid helium and gaseous helium. Liquid helium is a superfluid; it acts essentially like a fluid with zero viscosity governed by the Euler equations. These are used in applications such as breathing mixes, cryogenics, leak detection, pressurizing and purging, welding, controlled atmosphere, and other applications that are used by end users such as aerospace and aircraft, electronics and semiconductors, nuclear power, healthcare, welding, metal fabrication, and other end-user industries. The global helium market is segmented - 1) By Type: Liquid Helium, Gaseous Helium 3) By Application: Breathing Mixes, Cryogenics, Leak Detection, Pressurizing and Purging, Welding, Controlled Atmosphere, Other Applications 2) By End User: Aerospace and Aircraft, Electronics and Semiconductors, Nuclear Power, Healthcare, Welding and Metal Fabrication, Other End-User Industries The global helium market size will grow from $4.45 billion in 2022 to $5.03 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global helium is expected to grow from $6.48 billion in 2027 at a CAGR of 6.6%. The helium market growth is expected to be driven by the growing demand from the healthcare industry. Helium is widely used in various disease diagnosis equipment as it has unique properties such as being inert in nature, non-reactive with other elements, noncorrosive and non-flammable. Helium is used in various applications in the healthcare industry, such as adjunct therapy in asthma exacerbation, ARDS, croup, COPD, and bronchiolitis. For instance, helium is utilized in magnetic resonance imaging (MRI) apparatus to regulate powerful magnets, which are useful for monitoring various conditions within the abdominal, chest, and pelvis. They are also useful in pregnancy diagnosis. Major players in the helium market are Airgas, Air Liquid, Linde, Messer Group, Air Products, Gazprom, Gulf Cryo, Matheson Tri-Gas, Exxon, Praxair, and Buzwair. Stringent safety regulations associated with the manufacturing and transportation of helium gas have been a major restraint on the market. These substances are toxic and hazardous when exposed to extreme temperatures and pressures. Companies in this industry should invest in equipment, technologies, and processes to limit toxic levels and chemical concentrations. These regulations increased the operating costs of companies in this industry, thus limiting the scope for investments relating to the launch of new products and expansion into new markets, thereby affecting the helium market growth. The decline of existing helium supply sources, particularly in the US Bureau of Land Management’s (BLM) system, is causing industrial gas companies and distributors to seek new sources of helium supply, such as the production of helium from non-hydrocarbon sources. Helium production from non-hydrocarbon sources is a process where helium is produced and sold as either the only revenue stream or one of the key revenue streams. For example, at the Global Helium Summit, Rex Canon, IACX Energy’s CEO, pointed out that "If there were another non-hydrocarbon gas present that could be produced and sold as a commercial product, such as carbon dioxide, gas fields with helium content lower than 0.6% could have been developed for the production and sale of helium as a secondary product." He also mentioned that due to the decline of the BLM supplies, non-hydrocarbon sources of helium were a good alternative to the traditional sources from LNG flash gas and NRU off-gas. In December 2020, Air Products & Chemicals, a US corporation, purchased the Oxygen and Argon works for NIS 575 million ($176.84 million). This acquisition aids Air Products & Chemicals' business expansion and rapid growth potential. Israel's Oxygen & Argon Works is Israel's leading producer of industrial gases, including helium, oxygen, hydrogen, and argon. Asia-Pacific was the largest region in the helium market in 2022. North America was the second-largest region in the helium market report. The regions covered in the helium industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the helium market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia. The helium market consists of the sales of liquid helium and gaseous helium used for medicine, scientific research, refrigeration, gas for aircraft, and coolant for nuclear reactors. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The helium market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The helium market research report is one of a series of new reports from The Business Research Company that provides helium market statistics, including helium industry global market size, regional shares, competitors with a helium market share, detailed helium market segments, market trends and opportunities, and any further data you may need to thrive in the helium industry. This helium market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.