Nuclear Energy Technology to Shift by 5.2%
New York, March 23, 2011 —Investors in nuclear energy who stay in the game will profit by others’ decisions to lay low, according to energy market research publisher SBI Energy. Some countries have planned slow-down measures in nuclear energy use, while others plan to forge ahead. SBI Energy forecasts a more competitive nuclear landscape as a result of the March 11 earthquake and tsunami that struck Japan, damaging reactors and spurring countrywide evacuation.
In the aftermath of the accident at the Fukushima nuclear power plant, SBI Energy estimates the future growth of the nuclear energy technology (NET) market will be dampened, totaling at least 17.2% less than originally projected in 2020. Small modular reactors may garner even more attention, as they prove to be disaster friendly. However, despite the plant failure at Fukushima, nuclear will continue to be relied on as an energy resource throughout the world.
Boiling Water Reactors (BWR) will survive as the leading reactor type used in nuclear facilities. Newer BWRs, technically called Advanced Boiling Water Reactors (ABWR), feature far more evolved safety technologies and other features built into the design.
Projected Global Growth of BWR Reactors in Billion Dollars (2010 — 2020)
Source: Industry sources, complied and estimated by SBI Energy.
“The dip shown in the graph over 2013-2015 is due to a large number of BWR closures in comparison to BWR start-ups,” explains Nana Lapham, nuclear analyst for SBI Energy.
Before the Fukushima nuclear power plant accident, Japan was the third largest producer of nuclear power. Although the country may retain its third place positioning, it will likely be holding on to a smaller slice of the total NET pie. Originally the country was projected to claim 11.7% of the entire market in 2020. In light of recent events, this number is likely to be reduced to about 9.4%.
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