Global Nuclear Power Generation to Reach 3.1 Trillion kWh by 2017, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Nuclear Power Industry market. Driven by the growing need to ensure energy security and reduce greenhouse gas emissions, the global Nuclear Power Generation is forecast to reach 3.1 trillion kWh (Kilowatt-hours) by 2017. Escalating demand for electricity, rising crude oil prices, favorable government policies, and the need to lower environmental pollution are expected to enhance the significance of nuclear power in the long run.

Nuclear Power Industry: A Global Strategic Business Report

Follow us on LinkedIn – Nuclear power generates about 15% of the global electricity and is one of the world’s largest sources of electricity following fossil fuel and hydropower. The global nuclear energy sector is currently facing tough times in view of the 2011 Japanese nuclear disaster, the worst nuclear incident since the Chernobyl incident brought on by the earthquake and tsunami. The disaster brought to fore the vulnerability of nuclear plants to nature’s fury and compelled global government’s to review their preparations in dealing with such large-scale crisis situations. Prior to the crisis, nuclear power was presented as an ideal alternative to fossil fuels for addressing the growing energy requirements of the world. This changed with the Fukushima disaster and led countries to reconsider their plans in view of increasingly negative perception about the energy source. The incident has forced governments across the world to reconsider existing nuclear power projects, while few countries are focusing efforts on ensuring safety of the plants. For example, Germany took a decision to suspend operations of reactors of more 30 years life, in the aftermath of the Japanese crisis.

With energy consumption expected to escalate in the future, concerns are rising about the ability of existing non-nuclear resources to address this surging demand. While established nuclear countries such as the US and UK are expected to remain the core markets for nuclear energy projects, future demand is anticipated from Asia. The nuclear power industry is expected to remain a vital sector for the highly populous and rapidly expanding economies of India and China, where electricity supply is an essential prerequisite for achieving targets of economic development. The growing need to ensure energy security and reduce greenhouse gas emissions is a major driving factor for the nuclear power industry. Positive developments are taking place across various regions, despite the threat of nuclear proliferation, risk of civilian nuclear energy contributing to nuclear weapons, and the threat of nuclear power phase out. The drive to achieve greater efficiency and maximum safety in comparison with earlier generation plants is fingered as a key factor lending traction to investments in this space.

As stated by the new market research report on Nuclear Power Industry, the US continues to remain the single largest regional market. The nuclear power sector in the US is facing uncertain times in view of the nuclear disaster in Japan. The disaster is expected to result in the adoption of stringent regulatory specifications, and facilitate move towards resources such as natural gas, renewables and clean coal as alternative to nuclear power. The disaster is also expected to result in shortage of funding and future investments, whereby companies would be compelled to scrap proposed nuclear power projects. Depleting non-renewable sources is driving fast-growing economies such as China, India along with East and South East Asia to turn towards nuclear power for meeting the mounting energy demands and maintain economic development. As a result, Asia-Pacific is expected to witness the fastest CAGR of 12.9% over the analysis period.

Major players in the marketplace include China National Nuclear Corp., Dominion Resources Inc., E.ON AG, EDF Group, ENBW Energie Baden-Württemberg AG, ENDESA SA, Energoatom, Entergy Corporation, Eskom Holdings Limited, Exelon Generation, Korea Hydro & Nuclear Power Co., Ltd., Nordostschweizerische Kraftwerke AG, Nuclear Power Corporation of India Limited, Ontario Power Generation, RWE Power AG, Southern Company, Tennessee Valley Authority, The Kansai Electric Power Company Inc., The Tokyo Electric Power Co., Inc., and Vattenfall Europe AG.

The research report titled "Nuclear Power Industry: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (Billion kWh) across geographic markets such as the US, Canada, Japan, Europe (France, Germany, UK, Spain, Russia, Sweden, Ukraine, and Rest of Europe), Asia-Pacific (China, India, Pakistan, South Korea, and Taiwan), and Rest of World (Argentina, Brazil, Mexico, and South Africa).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Nuclear_Power_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website