Commodity Online
CALIFORNIA: Although haunted by nuclear proliferation, the risk of civilian nuclear energy contributing towards nuclear weapons, and the overshadowing threat of nuclear power phase out, world nuclear energy industry continues in good stance, witnessing positive developments across several regions. This energy generation technology has managed to claw its way into political and economic significance by leveraging on its promised potential to reduce dependence on fossil fuels, ensure continuous supply of electricity, and to mitigate the threat of climate change.

With over 136 new nuclear power projects either planned or under construction, and another additional 233 new projects being proposed worldwide, the Nuclear Power industry is latching onto hopes of a cautious revival, following the hitherto lull in new constructions, and virtual meltdown of industry since the Chernobyl disaster in 1986. Currently, Europe is witnessing the development of new nuclear power plants in France, Romania and Finland, and the US is focusing on expanding the life of its nuclear reactors, according to a report Global Industry Analysts Inc.
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Meanwhile in Russia and Asia, aggressive investments are being earmarked for building new nuclear power capacities. The United States, France, Germany, Japan, Russia, and South Korea, in that order, are the largest consumers of nuclear power.

China, India and South-East Asia feature among the regions, which will most probably initiate more adoption of nuclear reactors. Out of the approximately 37 nuclear reactors under construction, more than 30 are based in Asia and Eastern Europe, underlining the economic feasibility of this technology in countries where the energy industry is dominated by the government.

Driven by the need to achieve greater efficiency and maximum safety in comparison with earlier generation plants, investments in this industry is expected to pick up, resulting in upgradation of existing nuclear technologies, and transition to next generation systems. Asia-Pacific is forecast to emerge as the most lucrative market turbo charging global growth over the years 2006 through 2015, as stated by the new market research report.

Despite encouraging opportunities in store, the industry in the medium to long term will continue to be challenged by issues, such as, high upfront cost of plant establishment, energy generation, and nuclear waste disposal. A major challenge the industry needs to reckon with is the inflow of private funds and capital, which presently stands challenged by the unfavorable stance of nuclear power in terms of true costs, which makes the technology both uneconomical and unfeasible in a competitive energy market. Unresolved issues of security, safety, non-proliferation, and environmental concerns will additionally continue to frustrate growth. However, despite the challenges, nuclear power is forecast to remain an essential variable in the world's push towards achieving a diversified yet balanced low carbon energy mix.

Dominant players operating in this industry include - China National Nuclear Corp, Dominion Resources Inc, E.ON AG, EDF Group, British Energy, ENBW Energie Baden-Württemberg AG, ENDESA SA, Energoatom, Entergy Corporation, Eskom Holdings Limited, Exelon Generation, Korea Hydro & Nuclear Power Co. Ltd., Nordostschweizerische Kraftwerke AG, Nuclear Power Corporation of India Limited, Ontario Power Generation, RWE Power AG, Southern Company, Vattenfall Europe AG and Tennessee Valley Authority, among others.

The report titled "Nuclear Power: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, technology, trends, growth drivers, challenges, and the regulatory environment. Also provided are profiles of major players, and an enumeration of recent developments, mergers, acquisitions, and other strategic industry activities. World nuclear power market is analyzed by annual power generated in billion kilowatthours across major geographic market verticals, such as, the United States, Canada, Japan, Europe (France, Germany, Russia, United Kingdom, Ukraine, Spain, Sweden), Asia-Pacific (South Korea, Taiwan, China, India, and Pakistan, among others. (Courtesy: PRWeb)