Nuclear Power Market in Finland

Finland is running four nuclear reactors at two of its power plants at the moment. They account for the country’s 28.4% of total power needs and are known to be the world’s most productive power plants with production capacity of almost 94%. The fifth nuclear plant is under construction and is expected to be launched by 2013. Finland generates about 77 billion kWh per year, the majority from imported fossil fuels (mostly coal and some gas). Coal is imported from Russia and Poland, all of its gas comes from Russia.

Finland has very high per capita electricity consumption – some 16,000 kWh per head per year. Finnish reactors are remarkable in the extent to which they have been upgraded since they were built. TVO's Olkiluoto 1 & 2 started up in 1978-80 at 658 MWe net (690 MWe gross); 30 years later, they were rated at 860 MWe net each (30% more) and their lifetime had been extended to 60 years, subject to safety evaluation every decade. TVO now proposes progressively to upgrade them further to 1000 MWe each.

Finland's nuclear waste management program was initiated in 1983, soon after the four reactors started commercial operation. Responsibility for nuclear wastes remains with the power companies until its final disposal. There are no uranium mines in Finland, but Areva Resources Finland has applied for a uranium mining claim at Ranua, just south of Rovaniemi in Lapland. In this industry scenario, Taiyou Research analyzes the Nuclear Power Market in Finland.

Divided into five chapters, this in-depth research offering from Taiyou Research is a complete analysis of the nuclear power market in Finland.

The report deals with an overview of the global power market which is consistently rising due to rapid industrialization resulting in ever increasing demand for power. 66% of global power market is dominated by thermal power sources viz. coal and petroleum but stringent emission norms and depletion of sources is driving global attention towards renewable technology and nuclear power with a 7.5% market share is going to play a major role in future.

In spite of the Chernobyl disaster and the more recent Fukushima setback, the global installed nuclear capacity is likely to increase at a CAGR of nearly 4% and nuclear generation at a CAGR of 3.9% during 2011-2020. In comparison to other technologies the nuclear power has a nominal impact on greenhouse gas emission.

Chapter 1: Introduction to Nuclear Power covers the following:

• An industry definition and an overview of nuclear power.
• Present-day use of nuclear power and looking at why we need nuclear power?
• We look at the various reasons why the world needs nuclear power, such as the rising energy demand in the world, the global power situation, environmental impact of nuclear, and many others.
• An in-depth comparison is carried out of nuclear power and other power generating technologies such as gas and coal.

Chapter 2: Analysis of the Global Nuclear Power Industry covers the following:

• An analysis of the global nuclear power industry through a market profile, market statistics, industry value and volume analysis, industry capacity and generation analysis, and much more.
• We carry out region-wise industry segmentation, and also analyze the technological trends in the industry and an industry outlook.
• We carry out an analysis of the global nuclear power industry in a Porter's Five Forces Framework. We look at the global nuclear power industry by taking nuclear energy providers as key market players. The section analyzes the forces driving competition in the industry viz. buyer power, supplier power, new entrants, substitutes and rivalry amongst major players in the industry.
• A brief profile of the emerging nuclear power markets sums up this chapter.

Chapter 3: Nuclear Power in Finland covers the following:

• An analysis of the nuclear power industry in Europe through a market profile, industry statistics, industry value & volume analysis, industry capacity and generation analysis, and a country-wise segmentation of the industry.
• We analyze the Finnish nuclear power industry through a market profile, industry statistics, the impact of the Fukushima nuclear disaster, nuclear reactor technology, operating and upcoming nuclear reactors in the country, regulatory framework, and a look at R&D in the industry.

Chapter 4: Analysis of Major Global Players is an in-depth study of the major players in the global nuclear power industry with special emphasis on company overview, business analysis and a SWOT analysis of the key players. We include an analysis of nearly 15 players in the industry.

Concluding with Chapter 5, we include an appendix, a glossary of terms, and a research methodology.

Overall, Taiyou Research’s report on the nuclear power market in Finland is in depth-study of the Finnish nuclear power market.

Taiyou Research’s report makes an intensive study of the installed capacity and generation, nuclear facilities and region, regulatory policies and framework, major players and competitive scenario with business viability of the Finnish nuclear power industry.