DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/r4qr34/global_nuclear) has announced the addition of the "Global Nuclear Power Deployment - New-build Market, Policy Analysis, International Cooperation, Competitive Landscape and Key Country Analysis to 2025" report to their offering.
A number of countries across the world have formulated ambitious plans for the development of nuclear power. Countries such as China and India are leading the way in the nuclear new build projects. The key drivers for promoting the use of nuclear energy worldwide are burgeoning power demand, increasing fossil fuel prices, the need to mitigate greenhouse gas emissions and the low cost of electricity generation that is associated with nuclear energy.
The Asia-Pacific region, experiencing burgeoning power demand and rising carbon emissions, is expected to install the largest number of nuclear reactors in the near future. Asia-Pacific is scheduled to install about 103 nuclear reactors, followed by 88 reactors in Europe, 24 in North America, eight in the Middle East and Africa and three in South and Central America. China and India,the two main countries responsible for the huge demand in the region, jointly contributing more than 60% of the reactors planned to come online by 2025.
A Majority of Upcoming Reactors will Use Pressurized Water Technology
Among the reactors planned to come online between 2013 and 2025, the majority are expected to be Pressurized Water Reactors (PWRs). Among the reactors planned to come online between 2013 and 2025, 74% are expected to be PWRs, 6% are expected to be Pressurized Heavy Water Reactors (PHWRs), 4% are expected to be Boiling Water Reactors (BWRs), 4% Fast Breeder Reactors (FBRs) and another 4% will be contributed by other reactor types. Among PWRs, Voda Voda Energo Reactors (VVERs), Chinese Pressurized Water Reactors (CPRs) and Advanced Passive 1000 (AP 1000) reactors are the most popular.
Turkey will Lead the Way in Nuclear New Build among the Emerging Countries
Among countries such as Turkey, Thailand, the United Arab Emirates (UAE), Vietnam and others planning to develop nuclear power, Turkey is expected to install the largest nuclear power capacity by 2025. Both Turkey and Vietnam plan to install six reactors each by 2025, however, the nuclear reactors planned in Turkey will be of larger capacity. Among other countries, the UAE and Thailand will have the largest capacity online by 2025.
Atomic Energy of Canada Ltd
China National Nuclear Corporation
Doosan Heavy Industries & Construction Co., Ltd.
Korea Electric Power Corporation
Russian State Atomic Energy Corporation
Westinghouse Electric Company, LLC
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