This market research report presents segmentation of the nuclear power market in BRIC countries by technology (PWR, LWGR, PHWR, FBR, and BWR). It provides market share analysis and market estimates for its key regions, including Russia, China, India, and Brazil. Key findings also include an analysis of the leading vendors such as AREVA, BHEL, CNNC, L&T, and Westinghouse.
Technavio has released updated information on the nuclear energy market, with the publication of its new report, nuclear power in BRIC countries. The nuclear power market in BRIC countries is expected to grow at a CAGR of around 13% between 2015 and 2019, mainly driven by the rising power demand and growing importance of clean energy sources.
Technavio’s market research analyst expects that by 2019, China would overtake Russia in the nuclear power market posting a market growth rate of around 22%. The rising electricity demand and the drive towards a cleaner environment are expected to fuel the growth of the Chinese market. The industrial sector in China is the market driver for the increased consumption of nuclear energy.
Nuclear Power Market in China by Cumulative Installed Capacity (GW)
Source: Technavio Research
“Increased focus on environmental sustainability has minimised fossil fuel-based power generation in countries, such as India, China and Russia. Nuclear power is the only alternative to fossil fuels for the production of uninterrupted and reliable supply of electricity. It produces lower GHG emissions compared to that of oil and coal,” says Navin Rajendra, Lead Analyst, Energy, Technavio Research.
Leading vendors in the nuclear power market in BRIC include AREVA, BHEL, CNNC, L&T, NIAEP-ASE and Westinghouse. The market is highly fragmented and competitive. The market research report predicts that the competitive environment in this market is expected to intensify during the forecast period as a result of technological innovations.
This report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. There are many key drivers, challenges, and opportunities that are discussed in detail.
More detailed analysis is available in the Technavio report, Nuclear Power in BRIC Countries – Market Report 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global Nuclear Power Market 2015-2019
- Global Nuclear Reactor Construction Market 2015-2019
- Nuclear Steam Generator (SG) Market in China 2015-2019
- Nuclear Decommissioning Market in Europe 2014-2018
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