Nuclear Installed Capacity & Generation to Grow with the Planned Expansion in Nuclear Sector

Report on Future of the Power Industry Nuclearselectricity production, which in turn is the largest
role in the energy mixemitter of green house gases contributing to global
This report provides in-depth analysis and forecast onwarming. Nuclear power plants enjoy great
the role of nuclear energy sector in the future ofimportance in this regard as it has nearly zero carbon
electricity sector in the world. Nuclear power isemission.
increasingly becoming a preferred source of electricityLow Operational Cost and Progress in Technology to
generation in many countries. The report tracks theGenerate Greater Interest in Nuclear Power Sector
nuclear industry expansion plans across the world,Low operational cost and advanced safety related
potential growth opportunities for key industrytechnologies are driving the nuclear power industry.
players, market risks and new generation reactorsThe key advantage of nuclear power sector over
with advanced technologies. ( )other power generation facilities is its comparatively
Nuclear Installed Capacity and Generation to Growlow fuel cost which constitutes a key segment of
with the Planned Expansion in Nuclear Sectorthe operational cost. Unlike conventional fuel power
Nuclear installed capacity to grow significantly in theplants which burn huge quantities, fuel assemblies
long term due to the increasing demand for poweronce loaded to a reactor will continue to run for
worldwide. Global Markets Direct estimates thatabout 18 to 24 months. Another factor that
nuclear power installed capacity in the world will growgenerates interest towards nuclear power sector is
from its 2008 levels of 3, 72,611 MW to 4, 12, 421the advanced technology that ensures better safety
MW by the year 2015. Similarly, nuclear powermechanisms. The report provides in-depth analysis of
generation is expected to increase from 2, 599the new fleet of advanced nuclear plant designs that
BkWh in 2008 to 2,870 BkWh in 2015. This is primarilybelong to Generation III+ and Generation IV
due to the net addition of 2 reactors to the existingtechnology which will raise the interest of the global
fleet of 436 globally. The report also details that, incommunity towards nuclear energy sector.
the long term, nuclear power generation is expectedAsia Pacific region to be the Epicenter of Nuclear
to grow further as there are 219 upcoming reactorsIndustry Development
which are either under construction or in the plannedThe Asia Pacific region is set to lead the global
stage. This expansion in the nuclear industry will benuclear industry expansion. Many of the countries in
driven by both the existing as well as emergingthe region have plans to develop nuclear electricity to
nuclear power producing countries.meet their growing demand for power. Global
Over-Dependency on Conventional Fuels andMarkets Direct estimates that the region has a total
Concerns on GHG Emissions to Drive Nuclear Powerof 116 planned and under construction reactors, which
Sectorconstitute 52% of the total upcoming reactors in the
Many countries are showing interest in developingworld. This will make the region the epicenter of
nuclear power as an alternative to conventionalnuclear industry development in the world. The
electricity generation. Growing demand for electricitynuclear power generation industry expansion will also
across the world, the crude oil price fluctuation andhave positive effect on allied sectors such as
the concerns on the over-dependency onequipment market and fuel cycle industry and will
conventional fuels are the key drivers for increasedmake way for significant level of investments in the
attention on nuclear industry. Conventional fuels suchsector.
as petroleum and coal play a major role in the global