Significant rise in the number of nuclear power plants is one of the major factors contributing
to the growth of the global scintillator market. For instance, as per the World Nuclear
Association, nuclear power capacity across the globe is growing steadily, with nearly 50
reactors under construction in 2016. The growth in nuclear power plants has significantly
witnessed in Asia-Pacific. According to the International Atomic Energy Agency, in July 2018,
China has 41 operational nuclear power units and 15 nuclear power units under construction.
In China, nuclear energy contributed to 4% of the overall electricity mix in 2017. In January
2018, a merger between major nuclear power firms of China, namely the China National
Nuclear Corporation (CNNC) and the China Nuclear Engineering Corporation (CNEC) is
reported, which would likely to propel the growth of the nuclear power plants in the country.
Moreover, as a part of the massive infrastructure development programme, the Indian
government is focusing on increasing its nuclear power capacity. For instance, in 2019, there
were seven nuclear power reactors under construction in India, with an integrated capacity
of 5.4 GWe. As per the estimation of OECD International Energy Agency, India will need some
$1.6 trillion investment in power generation, transmission and distribution by 2035.
Furthermore, South Korea produced 27% of the country’s electricity from nuclear reactors in
2017. The country has 23 operable nuclear power reactors, with a combined net capacity of
22 GWe. The country has four new nuclear reactors under construction and four in UAE. This,
in turn, is contributing to the growth of the global scintillator market.
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The increasing number of nuclear accidents