Global Nuclear Fuels Market 2017-2021

Overview of the global nuclear fuels market

Technavio's market research report predicts that the global nuclear fuels market will grow at a CAGR of above 2% during the forecast period. The rising awareness of the carbon emissions will be one of the primary drivers for market growth. The need to lower the carbon emissions will lead the power generation market towards cleaner electricity generation technologies such as nuclear power generation with less carbon emission footprint. The United Nations Framework Convention on Climate Change announced a revolutionary deal in 2015 which required all parties to reach an agreement to report emissions and implement initiatives to reduce emissions. The results showed that the emissions of CO? from the production of electricity using coal was 36 times higher than that of nuclear energy. Initiatives that promote the utilization of carbon-free or low carbon technologies, encourage the use of turbine-based power generation such as nuclear power, which will in turn, boost the growth of the nuclear fuels market.

Our nuclear fuels market report, EMEA accounted for the highest market shares of the nuclear fuels market during 2016 and will continue its dominance over the next four years. The reduction in the dependence of fossil fuels and the presence of countries that are reliant on electricity generated from nuclear energy, will drive the growth of the nuclear fuels market in this region.

Competitive analysis and key vendors

The nuclear fuels market is diversified due to the presence of international and regional vendors. The players in the market are currently concentrating on R&D activities in the new market areas such as nuclear fission and new generation nuclear reactors. Moreover, the regional vendors are more prominent in the developed and emerging economies which intensifies the competition among the market players in these regions.

Key vendors in the market are:

• ARMZ Uranium Holding Company
• Cameco
• Energy Resources of Australia
• Japan, Oil, Gas and Metals National Corporation
• KazAtomProm

Other prominent vendors include Anglo-Canadian Mining Corp, AREVA, Azimut Exploration, Bannerman Resources, Berkeley Energia, BHP Billiton, CANALASKA URANIUM, China National Nuclear Corporation, China General Nuclear Power, Denison Mines, Eagle Plains Resources, Forsys Metals, Globex Mining Enterprises, International Montoro Resources, Rio Tinto, NMMC, Paladin Energy, URENCO, and Vattenfall.

Segmentation by product and analysis of the nuclear fuels market

• Mixed oxide (MOX) fuel
• Uranium fuel

During 2016, the uranium fuel segment dominated the nuclear fuels market and is expected to continue its dominance over the next four years. The rise in the power generation using nuclear energy is the major factor that will drive the segment's growth in this global market.

Segmentation by reactor type and analysis of the nuclear fuels market

• Pressurized water reactor (PWR)
• Boiling water reactor (BWR)

According to this market research report, the PWR segment dominated the nuclear fuels market during 2016 and is foreseen to continue its market dominance during the forecast period as well. The design advantages of low-cost PWRs is one of the major factors that will contribute to the growth of this market segment.  

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global nuclear fuels market?
• What are the key market trends impacting the growth of the global nuclear fuels market?
• What are the challenges to market growth?
• Who are the key vendors in the global nuclear fuels market?
• What are the market opportunities and threats faced by the vendors in the global nuclear fuels market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global nuclear fuels market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming report by Technavio is an integral part of the power industry and provides vital information on rapidly growing markets like energy storage. Furthermore, with a projection to help clients to register a strong edge over their opponents, Technavio presents indispensable knowledge on the demand-supply shifts and also lists down all the leading vendors in the energy industry.

To successfully predict the power industry's future growth, Technavio's team of industry research experts follow a blended research approach of primary and secondary research techniques and also carry out an exclusive analysis of various market traits such as technological advancements and the different products and services covering the globe. To help clients plan new strategies for growth, our upcoming industry research report on the global nuclear fuels market for the forecast period of 2017 to 2021 proposes actionable insights planned from the data gathered from reliable sources of information, including manufacturers, suppliers, regulatory bodies, and stakeholders. Technavio also offers customized reports based on client specifications.

This upcoming industry research report on the global nuclear fuels market also considers the growth of related markets such as safety headgear, which is expected to grow at a CAGR of more than 4% by 2021. The upcoming industry research report on the global nuclear fuels market also enlists the market drivers, trends, and challenges faced by the energy industry and also presents a holistic overview of the smart grid segment.