DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/488zmv/nuclear_power_in) has announced the addition of the "Nuclear Power in BRIC Countries 2014-2018" report to their offering.
The analysts forecast the Nuclear Power in BRIC Countries market will grow at a CAGR of 13.6 percent to reach 90.7 GW by 2018
According to the report, rise in demand for power is the prime reason behind the growth of the Nuclear Power market in BRIC countries. Population growth along with industrial development is amplifying the power consumption. Power demand from the Residential sector has also increased with respect to a surge in use of consumer electronics such as LED TVs, iPods, air conditioners, and mobile phones.
Further, the report states that public opposition and safety issues are significant barriers for the growth of the Nuclear Power market. Destructive nuclear accidents such as Chernobyl and Fukushima had a negative impact on the minds of the public about nuclear energy. It has raised the fundamental question about the safety of operational nuclear reactors worldwide. Many nuclear power plant plans were canceled in China because of the public safety concerns.
Nuclear power in BRIC countries is expected to experience moderate growth during the period 2014-2018. The cumulative installed capacity for nuclear power in BRIC countries was 47.8 GW in 2013, Russia being the leading country among BRIC nations, with cumulative installed capacity of 25.2 GW.
China is expected to have the maximum capacity additions in the forecast period and will be the leading nation in terms of cumulative installed capacity. Rising power demand is the prime reason behind growth of the nuclear power in BRIC countries. Population growth along with industrial development is amplifying the power consumption.
Going forward, nuclear technology has immense potential in the BRIC market due to growing climate change issues, which can be fought with the help of nuclear power generation as it avoids carbon emissions of over two billion tones each year.
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the Key Market Trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
- Westinghouse Electric Company LLC
- China National Nuclear Cooperation (CNNC)
- Areva Inc.
- JSC Atomstroyexport
- Larsen and Toubro Limited
Other Prominent Vendors
- GE Hitachi
- Atomic Energy of Canada
- Bharat Heavy Electricals Ltd.
For more information visit http://www.researchandmarkets.com/research/488zmv/nuclear_power_in