South Korea Nuclear Power Industry Outlook 2022 - 2026

Key Market Indicators

South Korea's nuclear power consumption is projected to increase by 400 gigajoules in the next five years. The country's demand has been decreasing year-on-year since 1982, reducing by 100 gigajoules over the same period. Meanwhile, South Korea's nuclear generation is expected to fall by 200 gigawatt-hours between 2021 and 2026. Since 1982, the country's supply has decreased by 3.3% year-on-year. In 2021, France, South Korea and Canada were ranked second, third and fourth respectively.

South Korea Nuclear Power Market Data and Forecasts

Improve your Knowledge with the latest Indicators and Trends

• Nuclear Fuel Industry: A Comprehensive Insight into Spent Fuel and Waste Management

  The nuclear fuel industry cycle incorporates a wide range of activities, right from mining uranium to the disposing of spent waste. Raw nuclear fuel undergoes numerous enriching processes before being loaded into a nuclear reactor. Following several years of energy production, the spent fuel is then removed. But this is...

  Discover more insights

• Decommissioning Trends Transforming the Global Offshore Oil and Gas Market Landscape

  Globally, the oil and gas sector is witnessing an overarching trend of decommissioning - the process of safely retiring and dismantling operating assets. Advances in technology and the socio-economic efficiencies it presents are driving operators toward this significant transformation. While typically motivated by the natural ageing of assets or reservoir...

  Discover more insights

• Nuclear Decommissioning: Unraveling the Prospects, Trends and Challenges in the Global Market

  The global market for nuclear decommissioning is forecasted to experience significant growth in the coming years, primarily driven by the increasing number of aging nuclear reactors requiring dismantling and rising public and regulatory pressure for the decommissioning of outdated nuclear facilities. The trend towards adopting renewable sources of energy is...

  Discover more insights

• Reactor Market Spectrum: Diverse Types, Applications, and Growth Potential Unveiled

  The reactor market, which covers a broad range of reactor types and applications, is primarily led by the nuclear, chemical, and pharmaceutical sectors. Nuclear reactors serve a critical role in power generation, while chemical reactors are vital for the diverse processes within chemical engineering. Pharmaceutical reactors, on the other hand,...

  Discover more insights

• Power Plant Industry: A Comprehensive Guide on Control Systems and Maintenance Trends

  Control systems are integral in keeping power plants functioning efficiently and reliably. They permit centralized regulation and supervision connected with plant performance, ensuring optimized operations. At the core of these systems are advanced software applications enabling activities such as predictive modelling, data management, surveillance and control. Implementing autonomous control systems...

  Discover more insights