Nuclear Energy Market – Hitachi-GE failing to keep up with Market Leaders Areva and Toshiba

Nuclear Energy Reactor Market – Main Players

The Nuclear Energy Equipment market which is supposed to grow to a Trillion Dollar Market by 2030 is dominated by Three Companies/Joint Ventures.French Energy Giant Areva,Toshiba-Westinghouse and General Electric-Hitachi are the three Combines ruling over the Nuclear Energy Reactor Market currently.There are also two smaller players Russia’s ZAO Atomstroyexport and Korea Electric Power Corp.Toshiba has been an aggressive player in this market buying  US based Westinghouse in a Billion Dollar deal earlier.General Electric and Hitachi also entered into a JV to market nuclear reactors in USA and Japan their respective home markets. However it has been Areva which has carved out a leading position in the Nuclear Energy Reactor Market.

Areva Carving a Leading Position in Nuclear Energy

Nuclear Energy growth has stalled in the Developed World after the Chernobyl and the 3 Mile Long Island disasters.Concerns over nuclear waste and potential disasters has made constructing a Nuclear Power plant almost an impossible job in the Developed countries of North America and Europe.China and India are the two most promising markets as both countries aiming to install almost 2-3 GW of nuclear capacity each year.Areva has managed to clinch deals in both of these markets followed closely by the Toshiba-Westinghouse combine.The Hitachi-GE JV has lagged both of its competitors by a big margin in both of these critical markets.Hitachi is trying to resurrect its nuclear division by restructuring its JV with GE but its outdated BWR technology has made it a difficult task.

Areva wins India nuclear deal worth at least $10 bln – Reuters

France’s Areva claimed a first victory in the race to grab a share of India’s lucrative nuclear market with the signing of a multi-billion dollar agreement to build up to six atomic reactors.The agreement, signed after India consented on Monday to opening up its civilian nuclear plants to U.N. inspections, strengthens Areva’s global nuclear reactor leadership over rivals such as Toshiba’s Westinghouse Electric Co.Areva, a state-controlled company, signed a memorandum of understanding with Nuclear Power Corp of India on Wednesday to build at least two Evolutionary Power Reactors (EPRs) in a deal worth more than 8 billion euros ($10.4 billion).

Areva’s European Wins Lift Chances in $1 Trillion Global Tussle – Bloomberg

Areva SA, the largest builder of nuclear plants, is seeking to use a lead in its home European market over Toshiba Corp.’s Westinghouse Electric Co. to gain an edge in the $1.05 trillion of global contracts up for grabs.Areva’s new model, the evolutionary power reactor, or EPR, has been chosen for at least 11 of the 41 new plants planned or under construction in the European Union. Westinghouse, which is pushing its AP1000 pressurized water reactor, hasn’t built a plant in the region for more than 20 years.

As many as 180 reactors may be completed in the next eight years in countries from China to Brazil, according to the World Nuclear Association, while a further 282 have been proposed. Areva and Westinghouse face rivals such as General Electric Co.’s venture with Hitachi Ltd., Russia’s ZAO Atomstroyexport and Korea Electric Power Corp. in bidding for contracts.