The company’s latest report states that Europe is expected to have the largest market value for MSIVs between 2014 and 2025, with $70.8 million, followed by the Asia-Pacific region with $66 million. Additional demand for 1,146 MSIVs is also expected between 2014 and 2025, of which 873 will be required for new installations and 273 for existing nuclear installations.
Pranav Srivastava, GlobalData’s Analyst covering Power, says: “Compared to new-build costs, extending the lives of currently operating reactors requires a far smaller investment, making it a cheaper alternative for meeting the rising energy demand. Extended operation also implies a delay in decommissioning expenses and additional revenue generation.”
Srivastava adds that the key advantage associated with nuclear power is the capability of producing large amounts of electricity sufficient for serving the base load of the grid, making it a highly attractive option for countries looking to increase power generation.
However, the nuclear energy industry faces a number of major hurdles, including negative public opinion and safety concerns regarding nuclear reactors.
The analyst says: “Anti-nuclear public opinion in many countries, which has been boosted by recent nuclear accidents, has compelled a number of governments to reconsider their nuclear energy strategies. Additionally, the issue surrounding the safe disposal of radioactive waste has also brought scepticism to the future of nuclear power.”
В котельном цехе Южно-Кузбасской ГРЭС смонтировали новый двухбалочный мостовой кран