Increasing
concerns about the use of conventional thermal energy sources,
developed economies are largely dependent on nuclear energy for power
generation in order to satisfy their power demands. Nuclear power is
used for the generation of electricity across the world due to its
power efficiency and sufficient availability. Nuclear disasters in
the past few years have questioned the safety of using nuclear power.
This industry has been experiencing tremendous growth in the past few
years. Significant technological development in reactor technology,
safety measures, and zero carbon emissions from nuclear power plants
are some important factors driving the growth of this market. Impact
of nuclear disaster remains foreseen in the coming years, but there
are many countries adopting this technology to meet their energy
demands.
The
global market for nuclear power is expected to grow at the compounded
annual growth rate of 4% during 2011-2020. Compared to other power
generation technologies, nuclear power has the minimum impact on
greenhouse gas emission.
Market
Segmentation
Based
on Technology
Generation
I Technology
Generation
II Technology
- Pressurized Water Reactor (PWR)
- Boiling Water Reactor (BWR)
- Pressurized Heavy Water Reactor (PHWR) or Canada Deuterium Uranium (CANDU) Reactor
- Fast Breeder Reactor (FBR)
- Advanced Gas-Cooled Reactor (AGR)
Generation
III Technology
- Advanced Boiling Water Reactor (ABWR)
- Advanced Pressurized Water Reactor (APWR)
- Advanced Heavy Water reactor (AHWR)
- European Pressurized Water Reactor (EPR)
- Fast Neutron Reactors
- Pebble Bed Modular Reactor (PBMR)
Generation
IV Technology
- Gas-cooled Fast Reactors
- Lead-cooled Fast Reactors
- Molten Salt Reactors
- Sodium-cooled Fast Reactors
- Supercritical Water-cooled Reactors
- Very High-temperature Gas Reactors
Generation
V Technology
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