Asian Surveying & Mapping
Breaking News
Indian Small Satellite Launch Vehicle Fails in Maiden Launch Attempt
India’s new Small Satellite Launch Vehicle failed to orbit...
M2 satellite delivers Australia’s first high-res Earth observation images
A UNSW Canberra Space satellite mission, known as M2,...
Japan plans green transition road map for emissions-heavy industries
TOKYO -- Japan will outline steps for a green...
Mappls RealView by MapmyIndia Launched as Google Street View Competitor in India
Mappls RealView was launched by MapmyIndia in India on...
Earth Observation Drones Global Market to Surpass $18.2 Billion by 2032
The "Earth Observation Drones Market - A Global and Regional...
China’s Long March rocket launches 16 satellites
According to the Chinese news agency, Xinhua, 16 new satellites...
Russia Fires Iranian Satellite Into Space, Prompting Spying Concerns
This is the moment Russia launched an Iranian space...
NEA AND SLA SIGN MOU TO SHARE GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)-DERIVED MOISTURE DATA FOR WEATHER MONITORING APPLICATION
Singapore – The National Environment Agency (NEA) and the Singapore...
UAE to develop SAR satellite constellation for remote sensing
The UAE Space Agency, on Monday announced a new...
China launches new group of remote sensing satellites
XICHANG - China successfully launched a new group of...

November 9th, 2016
Steam Generators to See Boom in Asia-Pacific Region as Governments Come Round to Nuclear Power, says GlobalData

The global steam generators market for nuclear power is set to rise from a cumulative $7.3 billion between 2010 and 2015 to $13.9 billion between 2016 and 2025, with Asia-Pacific (APAC) expected to emerge as the dominant region, accounting for 47.2% of global market value by the end of the forecast period, according to research and consulting firm GlobalData.

The company’s latest report states that in the APAC region Japan, China, South Korea, India, Taiwan, and Pakistan currently include nuclear power in their energy mix, and Bangladesh, Thailand, and Vietnam have firm plans to construct nuclear reactors by 2025.

In 2015, Japan had the highest nuclear installed capacity with 40.3 Gigawatts (GW), followed by China with 26.8 GW, and South Korea with 21.7 GW. India, Taiwan and Pakistan collectively had nuclear installed capacity of 11.5 GW. China is expected to emerge as the leading country in the region by 2017 with 43.9 GW, followed by Japan with 39 GW.

Nitika Bhardwaj, GlobalData’s Analyst covering Power, explains: “Key advantages associated with nuclear power, such as the ability to produce consistent power to serve baseload requirements and the ability to generate electricity with a minimal environmental impact, are driving a number of nations to consider nuclear energy as a means to address increasing power demand.

“Indeed, it is widely acknowledged that the expansion of the nuclear power industry can also play a valuable role in reducing greenhouse gas emissions, with a number of countries adopting it along with other clean sources of energy such as wind, solar, and hydropower.”

Advanced technologies are the major reason for steam generators gaining popularity in emerging nuclear power countries. Following the Fukushima disaster, more countries are focused on the importance of safe nuclear reactor technology, with technologies such as Generation IV reactors, European pressurized reactors, and small modular reactors boosting nuclear power development in emerging nuclear countries.

Bhardwaj concludes: “The rising cost of fossil fuel, which constitutes a large portion of many countries’ energy mix, has increased the cost of power generation. Countries with scarce domestic energy sources are looking to develop nuclear power due to various advantages, such as the availability of nuclear fuel and the low cost of nuclear power generation, which has the potential to drive the steam generator market.”

Editor’s notes

– Comments provided by Nitika Bhardwaj, GlobalData’s Analyst covering Power.

– Information based on GlobalData’s report: Steam Generators For Nuclear Power, Update 2016 – Global Market Size, Competitive Landscape and Key Country Analysis to 2025.

– This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GlobalData’s team of industry experts.

– For guidelines on how to cite GlobalData, please see: http://energy.globaldata.com/media-center/quoting-globaldata

About GlobalData

GlobalData is a leading global research and consulting firm offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries.

For more information

Please get in contact if you have any questions about this or other GlobalData products. Analysts are available to comment. Contact the GlobalData press office +44 (0)161 359 5822 or email [email protected].

Gain access to our latest press releases and expert analysis on developments in your industry. Subscribe to our RSS feed for the Power sector or connect with us on:

Facebook | Twitter