Nuclear Energy

Atomic power is the utilization of atomic responses that discharge atomic vitality to create warm, which most oftentimes is then utilized as a part of steam turbines to deliver power in an atomic power plant. The term incorporates atomic parting, atomic rot, and atomic combination. Nuclear technology uses the energy released by splitting the atoms of certain elements. It was first developed in the 1940s, and during the Second World War research initially focused on producing bombs. In the 1950s attention turned to the peaceful use of nuclear fission, controlling it for power generation

The global nuclear energy demand exceeded 2,400 TWh in 2014 and it is estimated to grow at a CAGR of over 4% from 2015 to 2022. Nuclear energy accounted over 11% of the global energy generation in 2014. Increasing power and energy demand from households and industrial sectors is expected to fuel market growth over the forecast period.

Rapid population growth along with improved lifestyle has resulted in an augmented energy demand from households. Rising demand for a variety of products has driven industrial developments in various countries, thus increasing energy requirements from manufacturing sector. As of 2014, nuclear power provides over 11% of the world's electricity, and over 21% of the electricity in OECD countries.