Nuclear technology is a major base-load power-generating source and accounted for 10.5% of global power generation in 2017 as per GlobalData, a leading data and analytics company. The nuclear power sector is growing in many countries as demand for electricity increases. The company’s latest report ‘Nuclear Power – Thematic Report’ reveals that some 31 countries are currently operating nuclear reactors for their electricity generation. Countries with significant nuclear power capacity are the US, France, Japan, China, Russia, South Korea, Canada, and Ukraine, with more than ten gigawatts (GW) installed capacity each. Germany, the UK, Sweden, India, Spain, Belgium, and Taiwan have five to ten GW installed nuclear power capacity each. The global cumulative installed nuclear power capacity in 2010 was 376GW, of which more than 100GW was in the US alone. In 2011, this reduced slightly in the aftermath of the Fukushima disaster as a few reactors in Japan were permanently shut down. Several reactors in Germany were also shut down in the same year as part of the initial steps by the country to phase out nuclear power. During the period 2012–2017, the total cumulative installed capacity increased by about 18GW to 392 GW despite a few plants having been shut down around the world, thanks to new additions in China exceeding 30GW. The figure below provides the global nuclear-installed capacity and year-on-year (YoY) growth rate during the period 2010–2030. It is expected that the cumulative installed capacity for nuclear power will grow at a compound annual growth rate (CAGR) of 2.4% during the period 2017-2030 to reach 536GW by 2030. The number of nuclear power installations is also expected to increase during the forecast period.
Power Technology 23rd Oct 2018 read more »