World Nuclear Fuels Market (2.11% CAGR) to 2021 Driven by Overdependence on Fossil Fuels
ReportsnReports.com adds Global Nuclear Fuels Market 2017-2021 latest research report; the analysts forecast global nuclear fuels market to grow at a CAGR of 2.11% during the period 2017-2021.
May 12, 2017 /MarketersMedia/ —
One trend in the nuclear fuels market is development of next-generation nuclear reactors. An international task force has been assigned to develop six nuclear reactor technologies, of which four are fast neutron reactors, with the deployment target spanning 2020-2030. All these new reactors will operate at a much higher temperature than reactors those currently in use.
Complete report on nuclear fuels market spread across 70 pages, analyzing 5 major companies and providing 51 data exhibits are now available at http://www.reportsnreports.com/reports/994467-global-nuclear-fuels-market-2017-2021.html.
According to the nuclear fuels market report, one driver in the market is overdependence on fossil fuels. Today, energy security is one of the key areas on the national agenda of any country. Since the discovery of the commercial uses of oil and natural gas in the late 18th and early 19th centuries, the dominance of fossil fuels has only grown. Fossil fuels, at present, account for more than 80% of the world’s energy demand. Global energy demand is expected to increase by 35% by 2020, and fossil fuels are projected to meet 75% of this increased demand.
The following companies as the key players in the global nuclear fuels market: ARMZ Uranium Holding Company, Cameco, Energy Resources of Australia, Japan Oil, Gas and Metals National Corporation, KazAtomProm. Other prominent vendors in the market are: 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. Order a copy of Global Nuclear Fuels Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=994467.
Global Nuclear Fuels Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global nuclear fuels market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
Further, the nuclear fuels market report states that one challenge in the market is construction delays and cost overruns. Nuclear reactor construction has unique features, which include variable project portfolio, process, and stringent security and safety measures. All these factors directly affect the cost schedule of the project. An improper estimation may lead to price escalation as the project progresses. The increase in project cost directly affects the profitability of vendors as any construction delay is the responsibility of the operator. Almost two-third of the nuclear reactors under construction is facing delays.
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The nuclear fuels market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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