Bharatbook.com : Growth of Global Nuclear Power Sector Indicates Higher Investments

Future of Nuclear Power: Nuclear’s Share in thebeginning their nuclear energy production. While Iran
Energy Mix is a new report ( ) from leading businesswill be the first country from the Middle Eastern
information provider, presenting in-depth analysis andregion to produce nuclear power, the return of Italy
forecast on the future of nuclear energy in the world.in nuclear power production will mark a renewed
With the existing nuclear players planning to increaseinterest among countries towards nuclear electricity
their nuclear share and with many more newgeneration. The report provides a deeper analysis on
countries showing their willingness to tap nuclearthe nuclear installed capacity and generation growth in
energy, the nuclear industry is set to play a key rolemajor countries in the coming years.
in the global energy mix. The growing demand forGrowth of Global Nuclear Power Sector Indicates
electricity, concerns about the dependency onHigher Investments
conventional fuels and price fluctuation of petroleumThe global nuclear industry is set to expand in the
fuels will drive the growth of nuclear energy in thecoming years, making significant contributions to the
coming years. Nuclear energy is increasingly becomingelectricity sector worldwide. It is important to note
a preferred source of electricity generation in manythat technology worldwide has advanced and is all
countries in the world.set to present a nuclear power industry which is
Low Operational Cost to Positively Contribute to themany times safer than the existing nuclear industry.
Growth of Global Nuclear IndustryWorldwide, more than 30 nuclear reactors are
Though the overnight construction cost of nuclearcurrently under construction. There are also more
power facilities is relatively higher than thethan a hundred nuclear reactors in the planned and
conventional thermal power facilities, low operationalproposed stage around the world. This will add a
cost especially the fuel cost keeps adds greatsignificant number of reactors to the existing fleet of
importance to nuclear energy in the world. Anothernuclear facilities. This report presents an analysis of
factor that makes the nuclear power industry viablekey countries and their nuclear industry expansion
to many countries is the advanced technologies thatplans in terms of new reactors. The report provides
make nuclear operations safer than before.key information regarding the upcoming nuclear
Nuclear Power Generation Technologies will play areactors in these countries, which include type of
key Role in the Development of Global Nuclear Powerreactors, planned capacity, key operators and name
Sector. The new nuclear plant designs that belong toof the facilities.
Generation III+ and Generation IV technology areEmerging Nuclear Power Countries to boost the
expected to raise the interest of the globalGlobal Nuclear Industry Growth
community towards nuclear energy sector. TheCurrently Nuclear Power plays an unavoidable role in
advanced technologies such as EPR and AP600/1000the energy mix of 31 countries in the world. More
will have wider acceptability as they possess passivethan 30 countries are also planning to build nuclear
safety measures. In the report, we explores somepower facilities in the coming years as their domestic
of the popular nuclear power reactor technologies asdemand for power has been growing. Though the
they will play a key role in the global nuclear powernuclear plans in many countries in Europe are in the
generation industry in the years ahead.advanced planned stage, some member states such
Nuclear Installed Capacity and Generation to Growas Turkey are facing lack of domestic consensus due
Worldwideto the Chernobyl radiation issues. With regards to
We forecasts the global installed nuclear powerAfrica, which has about 18 percent of the global
capacity to grow at an annual average growth rateuranium reserves, development of nuclear power
of 0.9% from 2000 through 2015. The powercould address some of the energy security concerns.
generation is expected to grow at an average annualThese emerging countries will serve as potential
growth of 1 percent from 2000 through 2015. Themarkets for nuclear technology suppliers, equipment
end of 2009 and 2013 will also witness Iran and Italymanufacturers and other nuclear industry players.