Population growthhas had a major impact on the energy needs of the different regions, globally. This trend is expected to result in greater extent of urbanisation across countries such as China and India. By 2025, it is estimated that energy demand would be fourfold of what it is currently and a major chunk of this demand would come from emerging economies. Although, the energy industry has been sceptical towards the adoption of the RFID technology, recent developments suggest increasing interests in the technology. Being an emerging technology, RFID is gradually gaining prominence in the process industries.
China expected to outweigh North America in electricity demand by 2020
Although the energy demand is currently met by conventional resources, contribution from other sources, such as nuclear and renewable energy, is expected to offer considerable support in the coming years. This is evident from the fact that by 2025, the percent contribution of nuclear energy towards total electricity generation is expected to increase gradually. Despite various factors hindering the growth of nuclear power generationglobally, supply-demand gaps act a key driver. Moreover, as fuel prices continue to rise, increased emphasis on energy security and the reliance on more stable sources of fuel are expected to drive the market for nuclear power generation.
Regionally, the key nuclear energy markets include Europe, Russia, Asia, North America and the Middle East. China and India are expected to account for a major share of electricity demand, with statistics indicating an increase from 23.6 percent in 2010 to 34.5 percent in 2030. However, electricity demand of the developed economies is expected to decline from 49.6 per cent in 2010 to 37.5 per cent in 2030. Gas, hydro and nuclear power generation will all increase, but in percent terms will remain at approximately the same level till 2030; with gas then at 21.0 per cent, hydro at 16 per centand nuclear at 14 per cent. Electricity demand between 2010 and 2030 will rise the fastest in India, at a CAGR of 5.2 per cent, followed by the ASEAN group of nations at 4.6 per cent and China at 4.0 per cent.