- The key vendors in the Nuclear SG Market in China 2015-2019 are Areva Inc., Dongfang Electric Corporation (DEC), ROSATOM, Shanghai Electric and Westinghouse Electric
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Nuclear SG Market in China 2015-2019. Nuclear power is a significant remedy to curb carbon emission. It helps reduce carbon emissions of over two billion tons each year. Increased deployment of nuclear power would help China meet its climate change objectives. The Nuclear SG market in China is expected to grow slowly during 2014-2019 and mark a negative CAGR of 16 percent.
Considering the intermittent nature of renewable power sources and climate change concerns related to fossil fuel power generation, China is increasingly focusing on nuclear power generation. Nuclear power reactors are capable of providing a reliable and uninterrupted power supply continuously for several months.
“A significant grid stability problem arises with a high contribution from intermittent renewable power sources. A secure, stable supply is improved with the help of base-load power generation,” says Faisal Ghaus, Vice President of Technavio Research.
“Moreover, the successive production of nuclear power plants worldwide will lessen construction costs, which is already being witnessed in China, ultimately making nuclear energy more competitive.”
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%…
