North America is Largest Market of Planned Life Extension Programs, Reports GlobalData
15 Jun 2012 • by Natalie Aster
Plant Life Extension (PLEX) and Plant Life Management (PLIM) are vital issues for ensuring extended operational life for Nuclear Power Plants (NPPs). PLEX is a process in which the original design life of the NPP is extended. PLIM is an activity that manages the life of the plant in a safe and economic way and optimizes its operation.
Most countries are extending the life of their nuclear plants to avoid investment in building new installations. For operating safely beyond the original design life, NPPs must undergo maintenance, engineering updates and refurbishment. PLIM helps in optimizing a plant’s operating life and maximizing its value. The growing demand for electricity, averting the cost of new builds and the capability to operate within the safety margins are the key drivers for extension.
According to the report “Plant Life Extension (PLEX) and Plant Life Management (PLIM) for Nuclear Reactors - Global Landscape Analysis to 2020” by GlobalData, many countries are adopting plant life extension as an economical method to meet the growing need for electricity, including the US, Canada and France.
Plant Life Extension (PLEX) and Plant Life Management (PLIM) for Nuclear Reactors - Global Landscape Analysis to 2020
Published: April, 2012
Price: US$ 5.000,00
North America is the largest market for PLEX, valued at $42,698m, with the US having a market value of $33,656m and Canada with $9,042m. The Nuclear Regulatory Commission (NRC) in the US has approved license renewals for around 71 reactors, with 15 currently under review and a further 17 more license applications expected in the forecast period.
In Europe, the major PLEX markets are France, Ukraine and Russia, with market values of $4,491m, $2,916m and $1,784m respectively. Numerous extensions were planned in Europe, but after the Fukushima disaster in March 2011 some countries are now phasing nuclear power out of their energy mix.
In the Asia-Pacific region, South Korea is the only market where extensions are taking place with a market value of $3,729m. Japan had planned for extensions but post the Fukushima disaster, the extension plans are on hold.
More information can be found in the report “Plant Life Extension (PLEX) and Plant Life Management (PLIM) for Nuclear Reactors - Global Landscape Analysis to 2020” by GlobalData.
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