Fuel Supply Security to Accelerate Market Growth of Nuclear Power in BRIC Countries: Technavio Report

Renewable energy

London, 07 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Nuclear Power in Brazil, Russia, India and China (BRIC) Countries 2014-2018.   The report analyzes various applications and needs of the nuclear energy in the BRIC nations. One of the emerging trends in the market is that the nuclear power is seen as a remedy for meeting carbon emission targets.

Nuclear energy is considered to be an important component in reducing the climate change issues. It has emissions similar to renewables, but lower than coal and gas. In comparison to renewables, nuclear power is the only alternative to fossil fuels for the production of an uninterrupted and reliable supply of electricity.

“Increased focus toward cleaner sources of energy, advances in technology, and a need for a reliable and efficient power supply will fuel the growth of the Nuclear Power market in BRIC countries. The growth will be mainly influenced by China and Russia,” says  Faisal Ghaus, Vice President of TechNavio Research.

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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