ROCKVILLE, MD -- (Marketwire) -- 11/15/12 -- MarketResearch.com has announced the addition of the new report 'Global Nuclear Power Market,' to their collection of market reports.
Nuclear power has been used for many years for generating electricity across the world. However, with the recent Fukushima nuclear disaster, the safety of nuclear power has been called into question, with many countries deciding to phase out nuclear power completely by 2020. With concerns rising about the use of conventional thermal energy sources, many are questioning whether one can truly phase out and finish off the dependence on nuclear energy.
While the debate rages on, there is no doubt that the global nuclear power industry has been experiencing tremendous growth in recent years. With nearly two decades of technical advancements, the nuclear power industry has made tremendous development in reactor technology, safety measures, and nearly zero carbon emissions from nuclear power plants. All these factors have made nuclear power an attractive option for generating power.
Before the Fukushima nuclear disaster, there was a marked shift towards supporting the growth of nuclear power in many countries. Meeting the growing demand for energy across the world was one of the primary factors driving the growth of nuclear power.
The full impact of the Fukushima nuclear disaster remains to be seen in the coming years, but there are many countries that are nevertheless moving forward with their nuclear power programs. In this industry scenario, Taiyou Research analyzes the Global Nuclear Power Market.
Divided into nine chapters, this in-depth research offering from Taiyou Research is a complete analysis of the global nuclear power market.
The report deals with an overview of the global power market which is consistently rising due to rapid industrialization resulting in ever increasing demand for power. 66% of global power market is dominated by thermal power sources viz. coal and petroleum but stringent emission norms and depletion of sources are driving global attention towards renewable technology and nuclear power with a 7.5% market share is going to play a major role in future.
In spite of the Chernobyl disaster and the more recent Fukushima setback, the global installed nuclear capacity is likely to increase at a CAGR of nearly 4% and nuclear generation at a CAGR of 3.9% during 2011-2020. In comparison to other technologies the nuclear power has a nominal impact on greenhouse gas emission.
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