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North America Nuclear Power Plant and Equipment Market Outlook to 2020 - Market Analysis by Geography, Reactor Type, Equipment Type, Competitive Landscape, Key Company Information - Growth Trends and Forecasts

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North America’s nuclear power plant and equipment market is expected to grow significantly in the coming decade. With United States being the major contributor, the region is highly active in increasing number of nuclear reactors and implementing new policies and regulations supporting clean energy generation.

A nuclear reactor produces and controls the release of energy from splitting the atoms of certain elements. In a nuclear power reactor, the energy released is used as heat to make steam to generate electricity. Currently, around 13.6 % of the world’s electricity is produced from nuclear sources.

Uranium is a non-renewable source that cannot be replenished on a human time scale. Once uranium is extracted, it should be sent to processing facility where the ore is processed into enriched fuel in the form of fine pellets. It is then transported to the power plant.

Nuclear power plants do not emit carbon dioxide or other contaminants to the atmosphere. However, the power generation is associated with uranium mining and enrichment process as well as transport which could significantly pose a threat to environment.

The USA is the world's largest producer of nuclear power, accounting for more than 30% of worldwide nuclear generation of electricity. The North America Nuclear Power Plant market is projected to witness a CAGR of XX% from 2014 to 2020.

Ever growing energy demand, need for clean energy generation and governments initiatives towards achieving energy security are some of the factors which are expected to drive the market growth. On the flipside, higher upfront costs and environmental issues regarding uranium mining are restraining the market from growth.

This report extensively analyzes the North America Nuclear Power Plant and Equipment Market by segmenting it based on geography, reactor type (onshore and offshore) and applications. Key drivers and restraints that are effecting the growth of this market were discussed in detail. The study also elucidates on competitive landscape and key market players.

 

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