South Korea Nuclear Reactor Coolant Pumps Market

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South Korea has been growing significantly as a nuclear power from past few decades. Not only the growth of...
South Korea has been growing significantly as a nuclear power from past few decades. Not only the growth of South Korea nuclear energy development and deployment continued throughout the time when North America and Western Europe did not grow, but the country continue to gain its position in global nuclear industry on the back of technology advancement and government commitment to export, challenging rivals in several countries. Today, there are 24 operational reactors which provide about one-third of South Korea's electricity from 23 GWe of plant. However, new government tends to steer away the nuclear energy development from South Korea and to increase the portion of renewable energy to 20% by 2030, which is expected to hinder the growth of nuclear reactor coolant pumps market over the forecast period.
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