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Owing to rapidly increasing population and an increased energy demand, nuclear power generation is aggressively becoming one of the most powerful industrial sectors today. As nuclear power emits low carbon it is believed to become a crucial contributor in power generation. It has been estimated that nuclear power generation will become one of the most sustainable forms of energy in the coming years. There is a combined over 400 GWe nuclear energy capacity, put together by at least 30 countries in the world. The capacity is expected to undergo a sharp rise, given the world’s increased demand for energy resource.
Top Key Players
China National Nuclear Cooperation
Larsen and Toubro
Westinghouse Electric Company
Global Nuclear Power Generation Market Segmentation
Market segment by Type, the product can be split into
Pressurized Water Reactor (PWR)
Boiler Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR)
Gas Cooled Reactor (GCR)
Market segment by Application, split into
A significant understanding can be developed by looking at the number of nuclear power generation plants across the globe. US alone has about 49 nuclear reactors. The United States alone is generating about 30% of the total nuclear power in the whole world. Canada accounts for about 15% of the total world’s nuclear electricity. Thus, North America plays a significant role in nuclear power generation. Europe is also not far behind. France to be specific is doing its fair share in supplying nuclear energy. It not only exports huge quantity of nuclear energy but also supplies 75% of its energy requirement through nuclear power. Asian countries like China, Japan are showing great improvement. Japan along with France also have numerous reactors. South east Asian countries like India also are contributing to power generation. They have about 20 operable reactors.
Pakistan, Hungary, Slovakia are also doing their best to catch up. They have undertaken building of more and more reactors.
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