Transparency Market Research has released a new market research report titled “Nuclear Turbine Generator Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020.” According to the report, the global nuclear turbine generator market was valued at USD 7,006.1 million in 2013 and is likely to reach USD 15,616.7 million by 2020, growing at a CAGR of 12.0% from 2014 to 2020.
The global demand for energy is anticipated to rise rapidly, led by demographic and economic growth. Growth in industrialization in emerging countries such as Brazil, Russia, China, India, and South Africa further increases the demand for energy. Rapid rise in demand for energy coupled with the uncertainty of energy demand and supply met is likely to act as a catalyst for the growth of the nuclear turbine generator market. Fossil fuels are the primary sources of power generation and are likely to remain so during the forecast period. However, these are the major and growing contributors