Global Nuclear Fuels Market 2017-2021

Uranium (Nuclear Minerals) / Exploration, Mining, Marketing, & Acquisitions

Date posted: 05/20/17

This market research report ($2,500.00))identifies ARMZ Uranium Holding Company, Cameco, Energy Resources of Australia, Japan, Oil, Gas and Metals National Corporation, and KazAtomProm as the key vendors in the global nuclear fuels market. This report also presents an analysis of the market by product (mixed oxide fuel and Uranium fuel), by reactor type (PWR, BWR, and others), and by geography (the Americas, APAC, and EMEA). Technavio 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 UN 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 CO2 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. 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. 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.