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Attock Cement Pakistan Is Said to Draw Cherat, Bestway Interest

Attock Cement Pakistan Is Said to Draw Cherat, Bestway Interest

Bloomberg30-05-2025
Pharaon Investment Group Ltd.'s potential sale of Attock Cement Pakistan Ltd. is attracting initial interest from rivals including Cherat Cement Co. and Bestway Group, people with knowledge of the matter said.
Cherat and Bestway are among suitors considering bids for the business, the people said, asking not to be identified because the information is private. Kot Addu Power Co. has also been evaluating Attock and may explore a joint offer with a local building materials producer like Fauji Cement, the people said.
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Why Advanced Micro Devices Rallied Over 24% in July
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Why Advanced Micro Devices Rallied Over 24% in July

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Nuclear Powered Naval Vessels Market Forecast to Reach USD 33.92 Billion by 2030, Growing at 5.50% CAGR: MarkNtel Advisors (Leading Defense Companies - BAE Systems, Huntington Ingalls Industries, CSSC, Naval Group, Thales Group)
Nuclear Powered Naval Vessels Market Forecast to Reach USD 33.92 Billion by 2030, Growing at 5.50% CAGR: MarkNtel Advisors (Leading Defense Companies - BAE Systems, Huntington Ingalls Industries, CSSC, Naval Group, Thales Group)

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Nuclear Powered Naval Vessels Market Forecast to Reach USD 33.92 Billion by 2030, Growing at 5.50% CAGR: MarkNtel Advisors (Leading Defense Companies - BAE Systems, Huntington Ingalls Industries, CSSC, Naval Group, Thales Group)

NEW DELHI, Aug. 5, 2025 /PRNewswire/ -- According to a recent market research report by MarkNtel Advisors, the Global Nuclear Powered Naval Vessels Market is poised for significant growth, with projections estimating a value increase from USD 24.6 billion in 2024 to USD 33.92 billion by 2030. This translates to a robust CAGR of 5.50% during the forecast period (2025–2030). Fueled by rising geopolitical tensions, modernization of aging naval fleets, and government investments in maritime defense capabilities, the market is experiencing a surge in demand for high-end nuclear-powered vessels, particularly in submerged applications. Strategic Takeaways Market Size (2024): USD 24.6 Billion Projected Size (2030): USD 33.92 Billion CAGR (2025–2030): 5.50% Top Segments: Submerged Vessels, PWR Reactors Top Region: North America (40% Market Share) Download Free PDF Brochure - Key Growth Drivers 1.) Escalating Geopolitical Conflicts Tensions between military powers—particularly involving the U.S., China, Russia, India, and Australia—are a leading force behind increased naval investments. Nuclear-powered submarines provide superior capabilities in conflict-prone regions such as the South China Sea and Indo-Pacific. For example, Russia deployed its Yasen-M Class submarines during the 2022 Ukraine conflict, showcasing nuclear-powered submarines' strategic role in modern warfare. 2.) Government-Led Modernization Programs Substantial national investments are being directed toward the upgrade and replacement of older naval platforms. Notable programs include: Australia's Submarine Industry Strategy (2025): A USD 170 million investment to bolster local production and the nuclear submarine supply chain. France's SNLE3G Program (2024): Aims to develop new ballistic missile submarines by 2035. India's Project 77 (2024): Greenlit the production of six nuclear-powered attack submarines. These initiatives, among others, are creating a fertile environment for defense contractors and naval technology firms to meet evolving global demands. Key Industry Players – Leader from 2025 to 2030 By MarkNtel Advisors, Top Nuclear Powered Naval Vessels Manufacturing Companies in the Global Market are: General Dynamics Electric Boat Huntington Ingalls Industries BAE Systems Naval Group China State Shipbuilding Corporation (CSSC) Austal Ltd. Babcock International Group Plc BWX Technologies, Inc. Kongsberg Gruppen ASA Thales Group Rosatom United Shipbuilding Corporation Kawasaki Heavy Industries Daewoo Shipbuilding & Marine Engineering (DSME) Mitsubishi Heavy Industries Others Explore Complete Research Report for Detailed Information About Companies, Shares, and Data - Market Segmentation & Dominance By Type: Submerged Vessels Lead Submerged vessels dominate the market, holding over 55% of the global share. Their enhanced stealth capabilities, longer operational endurance, and ability to carry strategic weaponry undetected make them the preferred choice for many navies. The global production rate reflects this preference—with 3–5 submarines produced per year per country on average, compared to only 1 surface vessel every 3–5 years. By Reactor Type: Pressurized Water Reactors Reign Supreme Pressurized Water Reactors (PWRs) account for approximately 80% of the market, far surpassing Boiling Water Reactors (BWRs). PWRs are favored for their compact design, reliability, and ease of maintenance. Key examples include: U.S. Navy: Entire nuclear fleet powered by PWRs. Russian Navy: Predominantly PWR-based submarine propulsion systems. BWRs remain less popular due to their larger size and operational complexity, limiting their deployment in compact naval platforms. Regional Market Insights North America: Market Leader with 40% Share North America, led by the United States, holds the largest regional share—approximately 40%. Key contributors to this dominance include: Largest Global Fleet: The U.S. Navy operates roughly 70 nuclear-powered naval vessels. Defense Budget Superiority: The 2025 U.S. defense budget is set at USD 890 billion—the highest globally. R&D Leadership: Programs like the Columbia-Class Submarine and next-gen nuclear propulsion R&D by the U.S. Department of Energy are driving innovation and growth. Asia-Pacific & Europe: Rapid Expansion Zones Countries such as China, India, and Australia are rapidly expanding their nuclear naval capabilities. France, Russia, and the U.K. continue to make strategic investments to modernize fleets and retain global influence. Schedule a Consultation with Our Experts!- Market Opportunities 1.) Public and Private Sector Collaborations The formation of public-private partnerships is strengthening manufacturing capabilities. A recent example includes the partnership between Naval Group and Dutch shipbuilder Royal IHC, which will produce Orka-class submarines beginning in 2026—bringing new life to the Netherlands' defense industry and shipbuilding workforce. 2.) AI-Powered Naval Systems Artificial Intelligence is revolutionizing naval combat. AI-integrated systems are enhancing real-time threat detection, predictive maintenance, and autonomous decision-making. Key innovations include: Fathom5: Developed the first AI-powered surface warship for the U.S. Navy, processing over 10,000 real-time signals for predictive maintenance. BAE Systems: Introduced Dreadnought-Class Submarines with autonomous threat detection systems. These smart vessels are reducing operational risks and transforming the way navies approach combat readiness. Market Challenges 1.) High Entry Costs and Extended Timelines Despite robust demand, high capital investment and long production timelines (10–15 years on average) remain major barriers. Examples include: Virginia-Class Submarine (U.S.): USD 3.4 billion per unit. Columbia-Class Submarine (U.S.): >USD 10 billion per unit. Triomphant-Class Submarine (France): ~USD 3 billion. Type 094 Submarine (China): USD 1 billion. Such costs hinder scalability, and the low annual output rate affects the global supply chain's responsiveness to defense needs. Don't You Need Global Report, Submit Your Request for Region or Country-Specific Insights - Frequently Asked Questions (FAQs) What is the current market value of the nuclear‑powered naval vessels industry? Estimated at USD 24.6 billion in 2024, projected to reach USD 33.92 billion by 2030, with a CAGR of 5.50%. Which vessel type dominates the nuclear‑powered navy fleet? Submerged nuclear submarines hold over 55% market share due to superior stealth, prolonged endurance, and strategic deterrence. Which reactor design is most widely used in naval nuclear propulsion? Pressurized Water Reactors (PWRs) account for around 80% of the market, favored for reliability, compactness, and ease of control. Which region leads in nuclear‑powered naval vessel deployment? North America leads with approximately 40% market share, driven by the U.S. Navy fleet of ~70 nuclear vessels and its dominant defense R&D infrastructure. What key market drivers are accelerating growth? Geopolitical tensions, modernization programs in the U.S., China, India, Australia, and adoption of AI‑enabled combat systems are fueling market expansion. What major challenges does the market face? High capital costs (e.g., Virginia‑class ~$3.4 B, Columbia‑class >$10 B), long lead times (10–15 years), and limited annual production constrain scalability. How is AI enhancing nuclear naval vessel capabilities? AI-integrated systems—such as predictive maintenance, autonomous threat detection, and real-time signal processing—are being deployed by firms like Fathom5 and BAE Systems in advanced submarines Which countries have invested in nuclear submarine modernization programs? Australia (2025): USD 170 million Submarine Industry Strategy, France (SNLE3G, 2024): new ballistic missile subs by 2035, and India (Project 77, 2024): six attack submarines under production. Is the nuclear‑powered market growing faster than the broader submarine market? Yes. While overall submarine CAGR estimates range from 3.8%–4.2%, nuclear-powered vessels lead with a stronger forecast CAGR of ~5.45% in the submarine propulsion segment Why haven't nuclear power systems been adopted in commercial shipping? High reactor costs and long payback periods hinder adoption. Early nuclear merchant ships like N.S. Savannah proved uneconomic, and advanced commercial reactor concepts remain experimental About Us – MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others. We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others. Discover More Market Insights Like This One! Global Helicopter Market Research Report: Forecast (2025-2030) - The Global Helicopter Market size was valued at around USD 35.27 billion in 2024 and is projected to reach USD 45.33 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.27% during the forecast period, i.e., 2025-30. Global Automated Border Control Market Research Report: Forecast (2025-2030) - The Global Automated Border Control Market size was valued at around USD 1.85 billion in 2024 and is expected to reach USD 4.60 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 16.38% during the forecast period, i.e., 2025-30. Japan Space Launch Services Market Research Report: Forecast (2025-2030) - The Japan Space Launch Services Market size was valued at around USD962.28 million in 2024 and is projected to reach USD2,266.77 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 15.35% during the forecast period, i.e., 2025-30 Global Aircraft Seating Market Research Report: Forecast (2025-2030) - The Global Aircraft Seating Market size was valued at around USD 8.7 billion in 2024 and is projected to reach USD 11.53 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.80% during the forecast period, i.e., 2025-30. Contact: MarkNtel Advisors Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, IndiaContact No: +91 8719999009Email: sales@ our Website: Source: Logo: View original content: SOURCE MarkNtel Advisors Sign in to access your portfolio

Modi Defiant as Trump Steps Up Pressure on Russian Oil Purchases
Modi Defiant as Trump Steps Up Pressure on Russian Oil Purchases

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Indian Prime Minister Narendra Modi has underscored the importance of shielding the country's economic interests during uncertain global conditions. His comments came just days after the Trump administration imposed a 25% tariff on Indian exports to the US. The White House is also threatening more action if India continues Russian oil purchases. Vanda Insights founder Vandana Hari and Bloomberg's Ruchi Bhatia discuss the details. Sign in to access your portfolio

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