Nuclear Power Generation in the US to Reach 905 TWh in 2025, finds new report

At a time of increasing global demand for electricity and an ongoing need for safe, reliable and economical sources of energy, the US has proven itself the most attractive country for the construction of additional small and medium-sized reactors (SMRs), according to a new report.

Latest report states that out of the 10 countries identified by the research as representing the best conditions for new SMR installations, including Brazil, China, India, Russia and Canada, the US tops the leaderboard thanks to its rankings in terms of population density, energy consumption, carbon emissions and experience with SMR technologies.

Despite the limited growth of the country’s nuclear power installed capacity between 2000 and 2012, which increased from 97,256 MW to 101,465 MW at an Average Annual Growth Rate (AAGR) of 0.4%, its capacity is now expected to rise at a higher AAGR of 0.8% to 113,769 MW by 2025.

Nuclear power generation in the US is also expected to increase at an AAGR of 1% to hit 905 TWh in 2025, displaying a growth trajectory that will parallel that of nuclear installed capacity. The report believes that positive public opinion will be the key driver behind this increase.

According to analyst of this report: “Despite the seriousness of the Japanese Fukushima disaster in 2011, public opinion surrounding nuclear power development in the US remains positive, proving that there is, and will continue to be, a high level of support for future SMR construction across the country.”

The US government is also lending its support to the installation of additional SMRs by investing heavily in research and development (R&D) for new reactor technologies and funding half the costs of the design and construction of an upcoming new plant.

“What’s more, the government has decided to back the development of the Next Generation Nuclear Power Plant (NGNP) in an effort to promote highly beneficial Generation IV reactors, providing a further substantial boost to US nuclear power development,” the analyst concludes.

This report covers the development of Small and Medium-sized Reactors (SMRs) in the global nuclear power industry, including growth trajectory and plans for new build. It provides comprehensive information on the size of the markets for nuclear new build, as well as estimations of the cost of reactors planned to begin operation across the world.

Inquire about this report: http://www.marketresearchreports.com/globaldata/small-and-medium-sized-reactors-new-build-market-policy-analysis-competitive-landscape

Check our massive end year discount offers on energy reports at: http://www.marketresearchreports.com/gbi-research/gbi-research-sector-reports-year-end-offer

For regular industry updates subscribe to our newsletter at: http://www.marketresearchreports.com/subscribe-to-newsletter