| <!-- /* Style Definitions */ p.MsoNormal, | | | | worth $6.7 billion with 18 reactor units planed for |
| li.MsoNormal, div.MsoNormal {mso-style-parent:""; | | | | life extension as of 2010. |
| margin:0in; margin-bottom:.0001pt; | | | | In the Asia-Pacific region, South Korea and Japan |
| mso-pagination:widow-orphan; font-size:12.0pt; | | | | are the potential markets for planned PLEX |
| font-family:"Times New Roman"; | | | | programs. |
| mso-fareast-font-family:"Times New Roman";} | | | | For further details, please click or add the below |
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| a:visited, span.MsoHyperlinkFollowed {color:purple; | | | | The annual nuclear fuel market due to the planned |
| text-decoration:underline; text-underline:single;} | | | | plant life extensions which create a sustained |
| @page Section1 {size:8.5in 11.0in; margin:1.0in 1.25in | | | | demand for nuclear fuel globally is valued at |
| 1.0in 1.25in; mso-header-margin:.5in; | | | | $1.7bn. The US is already the largest nuclear fuel |
| mso-footer-margin:.5in; mso-paper-source:0;} | | | | market globally at $6.4bn in value terms for 2009. |
| div.Section1 {page:Section1;} --> | | | | It is also the largest potential market for nuclear |
| The growing demand for power globally is one of | | | | fuel because of its planned life extensions. The |
| the chief contributing factors behind the growing | | | | annual uranium enrichment market due to the |
| importance of Plant Life Extensions (PLEX). As per | | | | global plant life extensions is the highest market |
| the Energy Information Administration, the global | | | | by segment, worth $888.3mn |
| electric consumption will increase from 19,045 | | | | Nuclear industry plays a vital role in global power |
| Billion kilo Watt hours (BkWh) in 2010 and will | | | | generation. While the demand for nuclear power |
| further reach 30,116 BkWh by 2030 growing at | | | | generation has been growing worldwide, |
| an Annual Average Growth Rate (AAGR) of 1.5% | | | | addressing concerns about the aging nuclear plants |
| over the period. | | | | are critical for the nuclear industry. The new |
| The capital cost for building new nuclear plants is | | | | report from GlobalData on ‘Plant Life |
| considered to be higher in comparison to thermal | | | | Extension (PLEX) and Plant Life Management |
| power plants. Extending the lifetime of the existing | | | | (PLIM): A New lease of Life for the Nuclear |
| nuclear power plants will avert the costs of new | | | | Industry' provides in-depth analysis of the nuclear |
| builds with lower costs for equipment replacement | | | | power plants that are undergoing an extension of |
| and plant modifications. Thus, averting the | | | | life. As the reemergence of nuclear industry in the |
| new-build costs is a key driver for the efforts to | | | | global energy arena indicates a significant growth |
| increase plant life globally. | | | | of nuclear power, understanding of the |
| | | | | importance of PLEX and its role in sustaining the |
| The European region is the largest market for | | | | competitveness of nuclear plants is vital. Life |
| PLEX valued at $9.4billion followed by North | | | | extension of nuclear plants provides several |
| America. The recent German coalition | | | | opportunities to the nuclear equipment and service |
| government's decision to delay its phase-out | | | | providing companies to supply the necessary |
| policy for all of its 17 reactors is the reason | | | | equipment and components for the successful |
| behind Germany's PLEX market valued at $6.3 | | | | implementation of PLEX. |
| billion as of 2010. The US market for PLEX is | | | | |