Wednesday, May 9, 2012

Research and Markets: Nuclear Power Market in Hungary

DUBLIN -- Dublin - Research and Markets has announced the addition of the "Nuclear Power Market in Hungary" report to their offering.

Hungary currently has four nuclear reactors actively generating more than one-third of its overall electricity needs. The Hungarian Parliament has expressed overwhelming support for building two new power reactors. Last year, total electricity generation in Hungary was 40.0 billion kWh (gross), of which nuclear accounted for 14.8 billion kWh (37%). Gas accounted for 15.2 billion kWh (38%) and coal 7.2 billion kWh (18%). About 4 billion kWh (net) was imported in 2007, mainly from Slovakia. Electricity consumption in Hungary is growing modestly and in 2007 was 3350 kWh per capita. In 2009, the Paks nuclear plant provided 14.57 billion kWh net.
The report deals with an overview of the global power market which is consistently rising due to rapid industrialization resulting in ever increasing demand for power. 66% of global power market is dominated by thermal power sources viz. coal and petroleum but stringent emission norms and depletion of sources is driving global attention towards renewable technology and nuclear power with a 7.5% market share is going to play a major role in future.

In spite of the Chernobyl disaster and the more recent Fukushima setback, the global installed nuclear capacity is likely to increase at a CAGR of nearly 4% and nuclear generation at a CAGR of 3.9% during 2011-2020. In comparison to other technologies the nuclear power has a nominal impact on greenhouse gas emission.

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