Market Trends of South America Nuclear Reactor Construction Industry
This section covers the major market trends shaping the South America Nuclear Reactor Construction Market according to our research experts:
Pressurized Water Reactor to dominate the Market
- The pressurized water reactor nuclear reactor sector has dominated the market in the past and is expected to do so in the forecast period too. The reactor is the most popular form of the nuclear reactor due to its higher control and safety compared to other forms of reactors.
- PWR has some advantages over other reactors that make it the most used nuclear reactor in the globe. PWR reactors are low cost operating reactor, as both the coolant and the moderator used in the reactor is light water, which is cheaper than other kinds of coolant, like heavy water.
- With less fissile material in the core reactor, chances of additional fission reaction reduce, that makes the reactors to have only the required temperature and reduce the chances of facing any kind of unfavorable conditions, thus making the reactor safer and controllable. Lastly, PWR has separate loops for water and nuclear reaction. This reduces the chances of water contamination with radioactive material.
- Therefore, the aforementioned factors are expected to drive the market in the forecast period.
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Argentina to Witness Significant Growth
- Argentina is expected to witness significant growth in the coming years. The country has been very active in the sector in recent years.
- Moreover, Argentina is building a domestically-designed small modular reactor CAREM 25, which was initially scheduled for start-up in 2017, but now delayed until at least 2020.
- Also, the country is in negotiations with the China National Nuclear Corporation and with Russia for the possible construction of a future nuclear power plant.
- In February 2015, a collaboration agreement was signed between Argentina and China for the construction of a new nuclear plant featuring a light water reactor and enriched uranium in the Republic of Argentina, adopting ACP1000 technology.
- Hence, the Argentina nuclear reactor construction market though being small is expected to grow during the forecast period.
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