Market Trends of South America Nuclear Power Plant Equipment Industry
Pressurized Water Reactors to Dominate the Market
- A commercial PWR typically has a core inside the reactor vessel that generates heat. High-pressure liquid water cools and moderates the reactor pressure vessel (RPV), which contains nuclear fuel, a moderator, control rods, and coolant. A pressurizer, control roadways, reactor coolant pumps, steam generators, reactor coolant generators, and other components make up a PWR.
- As of November 2022, Argentina had three operating nuclear reactors that generated around 7% of total electricity. The country is constructing a small-scale, advanced pressurized water reactor (PWR) named Carem25 with a total capacity of 25 MWe.
- As of 2022, according to International Atomic Energy Agency statistics, the total operational pressurized water reactor (PWR) in Brazil accounted for two reactors, and Argentina accounted for one reactor.
- The South American region witnessed a growth in nuclear energy. In 2021, Argentina generated around 10.8 TWh of electricity from the nuclear power plant.
- Thus, such developments in the region are expected to support the South American nuclear power plant equipment market during the forecast period.
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Brazil to Dominate the Market
- As of November 2022, Brazil had two operating nuclear power plants. In 2022, nuclear power amounted to 3% of the total electricity generation in the country. The nuclear power operable capacity of Brazil is around 1.88 GWe.
- The Brazilian nuclear power sector is expected to grow significantly. The country has also restarted work on the Angra 3 nuclear power project. In terms of the facility's civil works, the plant is currently 67.1% finished, and the whole project is 58.4% finished. The plant should be finished between 2024 and 2026.
- Brazil witnessed growth in electricity generation from nuclear energy. The country generated 14.7 TWh in 2021, compared to 14.1 TWh in 2020.
- On the other side, with no additional plans for the construction of a new nuclear power plant, the demand for nuclear equipment is likely to be restrained during the forecast period.
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