Albany, NY -- (SBWIRE) -- 11/05/2018 -- A recent report by ResearchMoz.us, titled, "Nuclear Electric Power Generation: Global Markets to 2023," discusses every facet of the market. Those range from tailwinds and headwinds molding its trajectory to various applications, underpinning technologies, and product segments, to the competitive dynamics. To do so, the report examines the various macro-fundamentals and industry-specific factors shaping the trajectory of the market and also historical and current figures. The report also throws light on the size of the global nuclear electric power generation market.

After thorough analysis, the report finds that the global nuclear electric power generation market would rise at a steady clip in the next couple of years. It holds out solid growth potential particularly for advanced small reactors. Other factors contributing to the global nuclear electric power generation market's growth is the pressing demand for electricity with growing urbanization and industrialization. Apart from that, technological progress leading to the emergence and popularity of advanced small modular reactors and 3D printing of nuclear parts are also benefitting the market. Besides, nuclear power is a good alternative to the highly polluting thermal power gotten by burning coal.

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Serving to act as a hindrance to the global nuclear electric power generation market, on the other hand, is the growing thrust on renewable energy. With advancements in storage technologies and lessening prices of crucial components, their market has been nipping at the heels of the nuclear power market.

Another major hurdle which the global nuclear electric power generation market is faced with is the nuclear radiation accidents. Two such accidents in the history of nuclear power are that of Fukushima Daiichi in Japan and Chernobyl in Ukraine. Both resulted in massive displacement of populations. As a result, nuclear power plants need to be constructed carefully following every regulation. This makes them capital and time intensive too.

The different types of reactors used in the global nuclear electric power generation market are fast breeder reactor (FBR), pressurized water reactors (PWR), boiling water reactor (BWR), pressurized heavy-water reactor (PHWR), gas-cooled reactor (GCR), and light water graphite reactor (LWGR). Among them, the pressurized water reactors (PWR) lead with maximum share in the global market. This is because they are safer than the other reactors. Owing to it, they are expected to contribute majorly to the market in the near future.

Geographically, the U.S. holds a prominent place in the global nuclear electric power generation market. However, India and China are also emerging as high growth nuclear electric power generation markets.

Some of the noteworthy companies in the global nuclear electric power generation market are EDF Group, Duke Energy Corp., Exelon Corp., ENEL SPA, and Nextera Energy, Inc. Overall, it is a consolidated market with large players enjoying a stronghold.