Nuclear Main Steam Isolation Valve Market Set to Expand by 2025, with Europe in the Lead, According to a New Study on ASDReports

Tuesday 24 February 2015, Amsterdam

The global Main Steam Isolation Valve (MSIV) market is set to expand in the coming years, increasing from an aggregate value of $143.9 million between 2006 and 2013 to $225.4 million between 2014 and 2025.

The company’s latest report, now available on ASDReports, states that Europe is expected to have the largest market value for MSIVs between 2014 and 2025, with $70.8 million, followed by the Asia-Pacific region with $66 million. Additional demand for 1,146 MSIVs is also expected between 2014 and 2025, of which 873 will be required for new installations and 273 for existing nuclear installations.

The report says: “Compared to new-build costs, extending the lives of currently operating reactors requires a far smaller investment, making it a cheaper alternative for meeting the rising energy demand. Extended operation also implies a delay in decommissioning expenses and additional revenue generation.”

Srivastava adds that the key advantage associated with nuclear power is the capability of producing large amounts of electricity sufficient for serving the base load of the grid, making it a highly attractive option for countries looking to increase power generation.

However, the nuclear energy industry faces a number of major hurdles, including negative public opinion and safety concerns regarding nuclear reactors.

The report says: “Anti-nuclear public opinion in many countries, which has been boosted by recent nuclear accidents, has compelled a number of governments to reconsider their nuclear energy strategies. Additionally, the issue surrounding the safe disposal of radioactive waste has also brought scepticism to the future of nuclear power.”