Published on : Jun 01, 2017
Albany, New York, June 01, 2017: Despite the rising awareness about carbon emissions, growth exhibited by the global nuclear fuels market will remain a little over 2% between 2017 and 2021. ResearchMoz.us has recently added a report to its repository evaluating the market’s growth potential. It is titled “Global Nuclear Fuels Market 2017-2021,” and is available for sale on the company website. The report provides insights into the key growth drivers and restraints influencing the market’s trajectory between 2017 and 2021. It compiles information obtained from various industrial sources. Anecdotes from industry experts, relevant to the global nuclear fuels market have found way into the report as well.
Globally, the demand for lower carbon emission and moving toward cleaner energy alternatives for generating electricity is at the peak. This has helped the nuclear fuels market expand its footprint globally. Recently, the United Nations Framework Convention on Climate Change has announced a deal, which requires all parties to agree and implement initiatives aimed at emission control. This revolutionary deal on climate change was announced in 2015. Such initiatives promoting the use of carbon-free technologies have encouraged turbine-based power generation, which in turn is expected to boost the nuclear fuels market.
Regionally, the global nuclear fuels market can be segmented as the Americas, EMEA, and APAC. Among these regions, the EMEA held dominance in the global market in 2016 and is forecast to remain at the fore at least for the next few years. In the last couple of years, the region has impressively reduced its dependence on fossil fuel for generating electricity. Instead a majority of nations in EMEA have started focusing on deriving energy from nuclear sources, which has led to the growth of the nuclear fuels market in the region.
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Based on reactor type, the market is segmented into pressurized water reactor and boiling water reactor. Of these, the pressurized water reactor segment is forecast to remain dominant through the forecast period. Design advantages offered by this type of reactor, and their low cost have helped pressurized water reactors emerge dominant in the global nuclear fuels market.
On account of the presence of several international and regional players, the global nuclear fuels market witnesses a high degree of competition. In order to strengthen their foothold, these players are focusing on research and development activities and are exploring market areas such as new generation nuclear reactors and nuclear fission. Furthermore, the local companies are also working towards strengthening their position in regional markets, which has intensified the competition further.
To study, the nature of competition prevailing in the global nuclear fuels market, the report profiles some of the leading players operating therein. Companies such as Japan, Oil, Gas and Metals National Corporation, Energy Resources of Australia, ARMZ Uranium Holding Company, KazAtomProm, and Cameco are identified as the key vendors. The other players profiled in the report include AREVA, Anglo-Canadian Mining Corp, China National Nuclear Corporation, BHP Billiton, and China General Nuclear Power.
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