Plant Life Extension (PLEX) is an activity whereby the operational life span of an existing nuclear power plant (NPP) is extended beyond its designed operational life. Generally, the design life span of a reactor is around 40 years. Nuclear reactors begin to deteriorate after around 10 years of operation, mainly due to irradiation, thermal and mechanical loads, and corrosive and abrasive processes. This deterioration or aging is the major factor in deciding the limit of Plant Life Extension (PLEX). Plant life management (PLiM) helps to ensure that the plant continues to operate under optimum safety and performance parameters by repairing and correcting the aging process.Plant Life Extension (PLEX) procedures in various countries across the world follow a relatively similar process, barring minor variations based on regulatory and other requirements.
As of early 2018, there were 195 nuclear reactors that are 30-40 years old and these aging reactors offer a huge Plant Life Extension (PLEX)opportunity. During 2010-2017, a significant number of reactors started Plant Life Extension (PLEX)each year, with the exception of 2012.In 2017 itself, 21 reactors startedPlant Life Extension (PLEX) of which 12 were in the US.
During 2010-2017, the market size for Plant Life Extension (PLEX) in Europe was around $4bn each year with the exception of 2012. In 2018, it is estimated that $5.4bn will be spent on Plant Life Extension (PLEX) activity in the region. Despite several European countries witnessing opposition of nuclear power in general and Plant Life Extension (PLEX) in particular, the region is still set to have the largest number of Plant Life Extension (PLEX) operations and the largest market size for Plant Life Extension (PLEX)during 2018-2030 with over $22bn estimated to be spent on Plant Life Extension (PLEX) during this period. Most of this Plant Life Extension (PLEX) expenditure will be spent on refurbishing PWRs as most reactors starting Plant Life Extension (PLEX) in this period, and most reactors in operation, are of this type.
"Nuclear Plant Life Extension (PLEX) Market, Update 2018 - Global Market Size, Average Cost, Trends, and Key Country Analysis to 2030", is the latest market analysis report providing a clear overview and detailed insight into the global nuclear PLEX market. It explains the key drivers and challenges affecting the market and provides data covering historic and forecast nuclear PLEX market size, globally, and in nine key nuclear power markets - US, Canada, France, UK Spain, Russian Federation, Ukraine, Japan, and Republic of Korea.
- Wind power market study at global level and at key country level covering nine key countries in depth, and another 13 smaller nuclear PLEX markets.
- Coverage of the key growth drivers and challenges related to each country’s PLEX market, and the influence of the environment and the country’s economy on the market.
- Historic (2010-2017) and forecast (2018-2030) data for cumulative and annual installed nuclear power capacity and generation is provided at global and key country level.
- The number and capacity of reactors starting PLEX each year during the historic and forecast periods.
- Capital cost and market size data at key country and global level.
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The report will allow you to -
- Facilitate decision-making by providing historical and forecast data in the nuclear PLEX market.
- Develop business strategies by understanding the trends shaping and driving the PLEX market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Maximize potential in the growth of the PLEX market
- Identify key partners and business-development avenues.
- Respond to business structure, strategy and prospects.