ASD reports that the growing demand for electricity across the globe and the need for the development and use of safe, reliable and economical sources of energy are encouraging a number of countries to build new nuclear reactors. However, countries with distributed demand for power are increasingly looking into the construction of multiple smaller or medium sized reactors, instead of installing one large reactor. There are currently around 117 Small and Medium-sized Reactor (SMR) units currently under operation worldwide, while around 72 SMR units are expected to come online in the near future. More than 45 countries across different regions of the world are considering introducing nuclear power generation as part of their energy mix, and many of these countries are looking to install SMRs to this end. The nuclear power programs of these countries will open up numerous opportunities for various players involved in the SMR new-build nuclear market, creating future market potential.
Nuclear energy is produced by controlled (non-explosive) nuclear reactions. Commercial and utility plants currently use nuclear fission reactions to heat water to produce steam, which is then used to generate electricity.
Nuclear power provides about 6 per cent of the world energy and about 14 per cent of the world electricity, with the U.S., France, and Japan together accounting for about 50 per cent of nuclear generated electricity.
Resource Portal for I2M Clients, Associates, and Geoscientists
Managed & Built by I2M Consulting, LLC | © 2010-
Managed & Built by I2M Consulting, LLC | © 2010-