Albany, NY -- (SBWIRE) -- 01/22/2015 -- Increasing concerns about the use of conventional thermal energy sources, developed economies are largely dependent on nuclear energy for power generation in order to satisfy their power demands. Nuclear power is used for the generation of electricity across the world due to its power efficiency and sufficient availability. Nuclear disasters in the past few years have questioned the safety of using nuclear power. This industry has been experiencing tremendous growth in the past few years. Significant technological development in reactor technology, safety measures, and zero carbon emissions from nuclear power plants are some important factors driving the growth of this market. Impact of nuclear disaster remains foreseen in the coming years, but there are many countries adopting this technology to meet their energy demands.

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The global market for nuclear power is expected to grow at the compounded annual growth rate of 4% during 2011-2020. Compared to other power generation technologies, nuclear power has the minimum impact on greenhouse gas emission.

Market Segmentation

Based on Technology
Generation I Technology
Generation II Technology
Pressurized Water Reactor (PWR)
Boiling Water Reactor (BWR)
Pressurized Heavy Water Reactor (PHWR) or Canada Deuterium Uranium (CANDU) Reactor
Fast Breeder Reactor (FBR)
Advanced Gas-Cooled Reactor (AGR)
Generation III Technology
Advanced Boiling Water Reactor (ABWR)
Advanced Pressurized Water Reactor (APWR)
Advanced Heavy Water reactor (AHWR)
European Pressurized Water Reactor (EPR)
Fast Neutron Reactors
Pebble Bed Modular Reactor (PBMR)
Generation IV Technology
Gas-cooled Fast Reactors
Lead-cooled Fast Reactors
Molten Salt Reactors
Sodium-cooled Fast Reactors
Supercritical Water-cooled Reactors
Very High-temperature Gas Reactors

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