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New Build Nuclear Power Market - Opportunity Assessment, Technology Analysis and Regional Breakdown
New Build Nuclear Power Market - Opportunity Assessment, Technology Analysis and Regional Breakdown
Growing Demand for Power Enhances the Growth of the New Build Nuclear Power Market
Hyderabad,
AP,
India
(prbd.net)
01/02/2011
The increase in demand for power globally is one of the chief contributing factors behind the growing importance of the construction of new nuclear reactors. As per the Energy Information Administration, the global electric consumption will increase from 19,045 billion kiloWatt hours (BkWh) in 2010 and will further reach 30,116 BkWh by 2030 growing at an Annual Average Growth Rate (AAGR) of 1.5% over the period. This will encourage countries to construct new nuclear reactors in order to meet the growing electricity consumption demand. More than 20 new nuclear power reactors are expected to come online during the forecast period 2010-2030 in emerging nuclear power economies such as Bangladesh, Turkey, the UAE (United Arab Emirates), Nigeria, Vietnam and others. This will enhance the growth of the new build nuclear power market in the next 20 years.
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The Asia-Pacific and Europe regions are expected to show the highest revenue generation in the new build nuclear power market during the forecast period 2010-2030. During the forecast period 2010-2030, the estimated cumulative revenue in the Asia-Pacific region is expected to reach $156.7 billion, followed by Europe with $121.1 billion and the Middle East and Africa region with $61.7 billion. Nuclear power expansion plans in these regions will sustain the growth of the new build nuclear market.
The Middle East and Africa region has the highest number of countries that are currently planning to develop nuclear power programs during the period 2010-2030 despite its vast oil and gas reserves. The region has more than 10 countries that have definite plans and timelines for nuclear power development compared to eight in the Asia-Pacific region and five in the European region. Additionally, more than 12 countries in this region are interested in making their mark on the list of emerging nuclear power countries during the forecast period 2010-2030. This clearly indicates the huge investment potential for various players in the new build nuclear industry in this region.
“New Build Nuclear Power Market - Opportunity Assessment, Technology Analysis and Regional Breakdown” is the latest research from GlobalData. The report analyses the cumulative revenues for the construction of new nuclear power generation facilities across the globe. The report provides an in-depth analysis of the new build nuclear market split by region for the under construction reactors in the existing nuclear power countries. It also provides analysis on the planned construction of upcoming nuclear reactors in the emerging nuclear power countries at regional and country level. The report also provides an analysis of the key challenges and market entry barriers. The report analyzes the key strategic consolidations and investment trends in the new build nuclear industry. It also includes key player analysis and recent industry developments including the key contracts awarded for the construction of new nuclear reactors globally.
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