openPR Logo
Press release

Nuclear Fuel Market for Marine Propulsion Systems Global Industry Analysis Forecast 2016 - 2024

Nuclear Fuel Market for Marine Propulsion Systems Global

Marine industry is anticipated to grow during the forecast period as it is one of the largest means of transportation. This will increase the consumption of marine fuels. Combustible fuel is the primary means of powering a shop across the globe. However, harmful effects of unburnt fuel and air pollution are concerning factors for maritime. This is expected to increase the demand for nuclear fuel for marine propulsion systems.

Obtain Report Details @: http://www.transparencymarketresearch.com/nuclear-fuel-market.html

Maritime transport accounts for approximately 3% of global greenhouse gas (GHG) emissions and this is a major contributor to contamination close to ports and coastal areas, many researching organizations have been conducting research on alternative fuel for ships. Nuclear propulsion is proved to be a more efficient compared to other alternative fuels to combat the reliance on combustible fuel.

Nuclear Fuel Market for Marine Propulsion Systems: Key Growth Enablers

Nuclear fuel for marine propulsion systems is becoming increasingly popular due to its negligible emission through nuclear propulsion. Factors such as installation, maintenance, safety concerns for the crew and disposal cost were obstructing the use of nuclear as a fuel for marine propulsion system, however these hurdles are slowly being overshadowed, as more funds are being invested by many countries for marine industry worldwide. The nuclear reactor produces heat on the ship, which is used to generate steam that is used to power turbines.

Nuclear fuel can be used in two ways for propulsion such as in combination with conventional marine fuels and an only fuel on the tanker. The percentage of conventional fuel substituted with nuclear fuel will have a direct impact on the vessel’s emissions including greenhouse gases. For marine propulsion nuclear fuel can be of different type depending on the fusion capability such as thorium, uranium and plutonium.

Fill the form for an exclusive sample of this report @: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13121

Nuclear Fuel Market for Marine Propulsion Systems: Segmentation

The global nuclear fuel market for marine propulsion systems can be segmented on the basis of different types of propulsion used on ships and vessels that need to be self supporting for extended periods without refueling such as ultra large crude carriers (ULCC) and very large crude carriers (VLCC). The U.S. was the pioneers of nuclear fuel as marine propulsion in 1940 and after the success of the research; first nuclear-powered submarine USS Nautilus began its voyage in 1955. Later on this technology was similarly implemented for cargo and other vessels. Britain, France and Germany in Europe are spending on R&D to use nuclear fuel for marine propulsion systems. China has also initiated research on the use of nuclear energy for marine propulsion. The Russian fleet known as ice-breaker is one example, where nuclear power is fully adapted operating in the northern sea route.

Environmental concerns, stringent emission norms, availability of fossil fuels, cost of conventional fuels and energy security are some of the factors driving the global nuclear fuel market for marine propulsion systems. Some of the regions that are likely to provide lucrative opportunity for nuclear fuel for marine propulsion systems includes North Sea, the Baltic, Sea of Marmara, Hong Kong, parts of the coastline of Guangdong in China and a zone extending 200 nautical miles from the coastline of North America due to stringent emission norms.

Some of the key players for nuclear propulsion retrofitting and new installation are China Ocean Shipping Company (COSCO), Bechtel Marine Propulsion Corporation, Westinghouse Electric Corporation, General Electric and Babcock International Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

90 State Street, Suite 700
Albany, NY 12207

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Nuclear Fuel Market for Marine Propulsion Systems Global Industry Analysis Forecast 2016 - 2024 here

News-ID: 641713 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for Nuclear

Nuclear Reactor Market - Crucial business trends 2025 | FirstEnergy Nuclear Gene …
Global Nuclear Reactor Market: Snapshot The global market for nuclear reactors is likely to take significant strides, thanks to the growing need for emission-free energy generation systems over the globe. The emergence of new nuclear power plants has also been responsible for the progress of the worldwide nuclear reactor market. In June 2017, for example, Russia announced that it was in advanced stages of constructing the world’s first ever ‘floating’
Nuclear Reactor Market
Construction of new nuclear across the globe is one of the primary reasons behind the accelerating growth of the global nuclear reactor market, states TMR Research in a new research report. The report is titled, “Nuclear Reactor Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” Click on the link below to request a sample copy of the report https://www.tmrresearch.com/sample/sample?flag=B&rep_id=335 The worldwide market for nuclear reactors is
Nuclear Reactor Market - Promising growth opportunities 2025 | FirstEnergy Nucle …
Global Nuclear Reactor Market: Snapshot The global market for nuclear reactors is likely to take significant strides, thanks to the growing need for emission-free energy generation systems over the globe. The emergence of new nuclear power plants has also been responsible for the progress of the worldwide nuclear reactor market. In June 2017, for example, Russia announced that it was in advanced stages of constructing the world’s first ever ‘floating’
Nuclear Energy Industry Analysis of Nuclear Fuels Market 2017-2021
Nuclear fuel is a substance used to initiate and sustain a nuclear fission reaction in nuclear power stations to generate heat. This heat powers turbine to produce usable electrical energy. A nuclear reactor is a structure in which fissile material undergoes a controlled, self-sustaining nuclear reaction with simultaneous release of energy, which can be used to generate electricity. . . – Get Sample Report_https://www.researchmoz.us/enquiry.php?type=S&repid=1069449 ' ' Global nuclear fuels market to grow
Nuclear Power Plant Equipment Market Report 2017- Alstom, Korea Hydro & Nuclear …
Apex Research, recently published a detailed market research study focused on the "Nuclear Power Plant Equipment Market" across the global, regional and country level. The report provides 360° analysis of "Nuclear Power Plant Equipment Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Nuclear Power Plant Equipment industry, and estimates the future
UAE Nuclear Power Sector UAE Nuclear Power Sales Report
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990 Report Table of Contents 1. UAE Power Sector Scenario 1.1 Existing Power Generation Outlook 1.2 Current & Projected Power Demand 2. Why UAE Energy Policy beyond Oil & Gas? 3. UAE Nuclear Power Sector Overview 3.1 UAE Entering into Nuclear Power Sector 3.2 Nuclear Policy Overview 4. UAE Nuclear Power Sector Dynamics 4.1 Favorable Parameters 4.2 Nuclear Power Sector