- The key vendors in The Global Nuclear Power market are Areva Inc., China National Nuclear Cooperation (CNNC), JSC Atomstroyexport, Larsen and Toubro Ltd. (L&T) and Westinghouse Electric Company LLC.
London, 07 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Nuclear Power Market 2014-2018. The report analyzes various emerging trends in the Global Nuclear Power market which are likely to happen in the future. The advances in technology are one such trend. After the Fukushima accident, there have been increased investments for the safe operation of nuclear plants, such as the use of Generation III plus. The growing environmental concerns are another major trend in the market.
The demand for nuclear power installation has increased because of growing populations and energy demand in the Asia Pacific region. There are 41 reactors under construction that are expected to come online during the forecast period. Moreover, nuclear power is also a potential solution for the climate change problem, as it produces a negligible amount of CO2 compared to conventional sources of energy. Thus, the need for clean sources of energy will drive the market over the next few years.
“The nuclear power plant provides an excellent alternative source of energy, which can reduce the dependency on other conventional energy sources,” 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
