Core Viewpoint - The global nuclear forging market is expected to reach $2.27 billion by 2031, with a compound annual growth rate (CAGR) of 6.7% in the coming years [1]. Market Overview - Nuclear forgings are critical pressure components in nuclear power plants, primarily used in reactor pressure vessels, steam generators, and stabilizers, made from high-temperature alloy steel [1]. - The manufacturing process must meet nuclear-grade quality assurance standards, ensuring structural integrity and nuclear safety over a 60-year lifespan [1]. Market Size and Growth - The global nuclear forging market is projected to grow significantly, driven by the revival of nuclear power projects and the need for high-performance components [15][18]. - The Asia-Pacific region is the largest consumer of nuclear forgings, accounting for over 40% of the market share in 2024, followed by Europe [14]. Key Players - Major global manufacturers include Doosan Enerbility, Japan Steel Works, China First Heavy Industries, and others, with the top five companies holding approximately 49% of the market share in 2024 [6][22]. - Doosan Enerbility is the largest producer, expected to exceed 20% market share in 2024 [6]. Product Segmentation - Pressure vessels represent the largest product segment, holding about 55.9% of the market share [9]. - The nuclear island is the primary application area, accounting for approximately 80.8% of demand [11]. Industry Trends - The revival of global nuclear power is driving demand for forgings, as countries accelerate nuclear project construction in response to energy transition and carbon neutrality goals [15][18]. - China is emerging as a dual center for production and consumption of nuclear forgings, leveraging its manufacturing capabilities and growing nuclear projects [16]. - Technological advancements in high-strength materials and precision manufacturing are enhancing product performance and quality stability [17][20].