Navi Mumbai, India (PressExposure) March 19, 2009 -- A new report "The Reemergence of the Nuclear Industry in the Global Energy Sector" ( [http://www.bharatbook.com/Market-Research-Reports/Reemergence-of-the-Nuclear-Industry-in-the-Global-Energy-Sector.html] ) provides various aspects of nuclear energy industry and also provides insights into its potential expansion in the years ahead.
Nuclear Industry Set For Significant Expansion in Emerging Economies
High prices and insecure supply of traditional fuels, combined with concerns over the environmental impact of fossil fuels, are driving renewed interest in nuclear power. Several developing countries see nuclear as a key element in meeting their burgeoning energy needs. Significant growth in nuclear power capacity is forecasted for Pakistan, Argentina, India and China. These countries are expected to expand their nuclear capacities at CAGR of 11.8%, 11.7%, 9.7% and 4.7% respectively during 2007-12. Around 50 new reactors are being planned in these countries.
Technology and Expertise in the Nuclear Domain Will Accelerate Industry Growth
Technology development has been one of the key drivers for the expansion of global nuclear capacity. Reactor technology has now reached the fourth generation which meets the requirements of various industrial as well as national grid usages. New reactor technologies offer longer operating plant lives, protection against aircraft impact, and reduced possibility of core melt.
Uranium Mining Industry Will See Significant Development
Uranium production is expected to accelerate in the coming years as the demand for fuel is growing with the commissioning of new nuclear power plants. Currently, uranium is produced commercially in 19 countries across the globe and the top five countries (Canada, Australia, Kazakhstan, Niger and Russia) together account for around 75% of the total global uranium production. However, Central Asian and African countries including Namibia, Uzbekistan, Ukraine and South Africa are expected to show significant growth in uranium mining activities in the coming years.
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