Dublin, Oct. 17, 2024 (GLOBE NEWSWIRE) -- The "Nuclear Fuel Market Report: Trends, Forecast and Competitive Analysis to 2030" report has been added to ResearchAndMarkets.com's offering.
The future of the global nuclear fuel market looks promising with opportunities in the chemical & petrochemical, energy & power, automotive, and healthcare sectors. The global nuclear fuel market is expected to grow with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are growing electricity consumption in world wide and rising preference for low-carbon electricity.
Features of this Global Nuclear Fuel Market Report:
- Market Size Estimates: Nuclear fuel market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Nuclear fuel market size by type, application, end use, and region in terms of value ($B).
- Regional Analysis: Nuclear fuel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the nuclear fuel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the nuclear fuel market.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
It is evident that new technologies continue to emerge, regulatory environments are in constant evolution, geopolitical landscapes shift, and the nuclear fuel market continues its development in new directions. These emerging trends in nuclear energy ripple from designs of reactors to global fuel supply chains.
The nuclear fuel market is amidst severe changes, with exponential technological advancements, strategic initiatives, and shifting regulatory frameworks. A number of recent developments around the globe are spelling the dynamics of the market. More emphasis is being laid by countries and companies on fuel efficiency, security of supply chain, and safety for ensuring sustainable growth in nuclear energy.
The strategic growth of the nuclear fuel market will be high because of increased energy demand, awareness about the environment, and higher development in the field of nuclear technology. All key applications-energy generation, medical isotopes, and research-introduce various good strategic expansion opportunities.
List of Nuclear Fuel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies nuclear fuel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.
Some of the nuclear fuel companies profiled in this report include:
- ARMZ Uranium
- China National Nuclear
- Azimut Exploration
- Anglo-Canadian Mining
- Cameco
- Eagle Plains Resources
- AREVA
- Paladin Energy
- Vattenfall
- KazAtomProm
Nuclear Fuel by Segment
The study includes a forecast for the global nuclear fuel by type, application, end-use, and region.
Nuclear Fuel Market by Type [Analysis by Value from 2018 to 2030]:
- Mixed Oxide Fuel
- Uranium Fuel
- Others
The mixed oxide fuel segment is expected to witness the highest growth over the forecast period due to its usage in recovering plutonium from waste nuclear fuel.
Nuclear Fuel Market by Application [Analysis by Value from 2018 to 2030]:
- Nuclear Power Plants
- Nuclear Research Labs
- Other
Nuclear Fuel Market by End-use [Analysis by Value from 2018 to 2030]:
- Chemical & Petrochemical
- Energy & Power
- Automotive
- Healthcare
- Others
Energy & power is expected to witness the highest growth over the forecast period due to increasing demand for clean and reliable energy sources.
Nuclear Fuel Market by Region [Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
APAC is expected to witness the highest growth over the forecast period due to growing number nuclear power programs in the region.
Country-wise Outlook for the Nuclear Fuel Market
The nuclear fuel marketplace in the world is constantly changing, influenced by continuous technological changes, changing policy environments, and increasing energy needs. The United States, China, Germany, India, and Japan are among the leading countries actively developing this market in their own peculiar way of ensuring security and the development of their nuclear fuel potentials.
- United States: The latest news includes further development of small modular reactors to increase the variety of nuclear energy production and provide security for the fuel supply chain.
- China will be expanding its nuclear capacity with high-tech reactor technology and gradually ramp up uranium imports to feed the growing fleet of nuclear reactors.
- Germany has started the reactor decommissioning process as the country moves away from atomic power on the road to renewable energy production.
- India is continuing reprocessing technology in the field of the nuclear fuel cycle, spent fuel included, that is supposed to keep pace with an expanding atomic power program.
- Japan restarts its nuclear reactors after the Fukushima disaster, while taking an increased sense in the factor of safety and quest for stability in nuclear fuel supplies.
For more information about this report visit https://www.researchandmarkets.com/r/75gw9d
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