Chiller for Nuclear Power Station Market Revenue was valued at USD 1.2 Billion in 2024 and is estimated to reach USD 2.4 Billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.
South Korea's Nuclear Expansion Drives Demand for Advanced Chiller Systems
South Korea's ambitious nuclear energy expansion is catalyzing a surge in the Chiller for Nuclear Power Station Market, with projections indicating a global market growth from USD 1.2 billion in 2022 to USD 2.0 billion by 2030, reflecting a CAGR of 7.5%.
Chillers are integral to nuclear power stations, ensuring optimal temperatures in reactor cooling systems, ventilation, and air-conditioning. Their role is critical in maintaining operational efficiency and safety standards.
Key Market Drivers:
Nuclear Infrastructure Growth: South Korea plans to construct three new nuclear power plants by 2038 and operationalize a small modular reactor (SMR) by 2035, aiming to increase nuclear power's share in the energy mix to 35.2% by 2038.
Government Support: The Ministry of Trade, Industry and Energy has allocated KRW150 billion (USD103 million) in 2025 to bolster the domestic nuclear industry, facilitating low-interest loans for facility investments and operations.
Export Initiatives: Korea Hydro & Nuclear Power (KHNP) has secured a $17 billion project in the Czech Republic, marking South Korea's first major overseas nuclear power initiative in 15 years.
Industry Requirements:
Advanced Cooling Technologies: The development of energy-efficient and environmentally friendly chillers, such as the Turbo-Brayton cooling system with zero GWP refrigerant, is essential to meet stringent safety and environmental standards.
Integration with Building Management Systems (BMS): Modern chiller systems are being designed for seamless integration with BMS, enhancing monitoring and operational efficiency.
Adaptability to Diverse Applications: Beyond nuclear power stations, chillers are increasingly utilized in industries like semiconductors, pharmaceuticals, and manufacturing, necessitating versatile and reliable cooling solutions.
As South Korea continues to prioritize nuclear energy within its energy strategy, the demand for sophisticated chiller systems is expected to rise, underscoring the importance of innovation and adaptability in meeting the evolving needs of the Chiller for Nuclear Power Station Market.
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LG
Gree Electric Appliances
Guangdong Shenling
DunAnac
GCI Refrigeration Technologies
Friotherm Deutschland GmbH
Airedale International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Chiller for Nuclear Power Station Market
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR)
Gas-cooled Reactor (GCR)
Fast Breeder Reactor (FBR)
Small Modular Reactor (SMR)
Electricity Generation
Industrial Applications
Research and Development
Medical Applications
Desalination
Uranium
Plutonium
Mixed Oxide (MOX)
Thorium
Light Water Technology
Heavy Water Technology
Advanced Reactor Designs
Automation and Control Systems
Safety and Security Technologies
Government-Owned
Privately-Owned
Public-Private Partnerships (PPP)
Cooperative Ownership
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Chiller for Nuclear Power Station Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Chiller for Nuclear Power Station Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Chiller for Nuclear Power Station Market, By Type
6. South Korea Chiller for Nuclear Power Station Market, By Application
7. South Korea Chiller for Nuclear Power Station Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Chiller for Nuclear Power Station Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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