Nuclear power plant control systems market set to grow as tech giants invest in energy solutions
Summary: The global market for nuclear power plant control systems is projected to grow from approximately $789.65 million in 2024 to $1.08 billion by 2030, driven by rising energy demands and government investments.
Technological advancements in digital control systems are improving the reliability and safety of nuclear plants. However, high maintenance costs and strict regulations remain challenges for manufacturers and operators.
Recent developments include Westinghouse's acquisition of Tecnatom, enhancing its services in Spain, and contracts awarded to Eviden and Schneider Electric for new nuclear plants in France. Framatome also secured a contract for modernization at Sweden's Ringhals plant.
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