Fuel Assemblies for Nuclear Power Market Value Share, Analysis and Segments 2013-2019

Globally, the demand for electricity is huge and fulfillment of electricity needs requires best possible exploitation of on hand nuclear reactors and the employment of novel ones over the anticipated period. Many nations are in the process of intensifying installed nuclear power capacity by adding new reactors to their nuclear fleet. At present there are around 45 countries with no nuclear power sources which include Poland, Thailand, Turkey, Jordan, UAE, Nigeria, Indonesia and Vietnam, who are trying to develop it as part of their energy portfolio.

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There is a large market for nuclear fuel assemblies globally. APAC is anticipated to cause the highest cumulative demand for nuclear fuel assemblies. This high stipulation in this region for fuel assemblies can be ascribed to the operating 117 nuclear plants and the 89 reactors planned to start operations before 2020. North America is also a large market for nuclear fuel assembly followed by Europe. Europe is projected to have the maximum nuclear fuel assembly market value followed by North America and APAC. Due to current anti-nuclear public concern in Japan, the prospect of nuclear power in Japan is vague.

Drivers for this market can be enlisted as the growing global consumption of electricity due to increasing population, urbanization, change in modern life style which calls for more electricity and global industrial electricity requirement. The challenges to look for in this market are increasing global concern over harms of nuclear fuel & waste and high standards & regulations by governments for operating in this market. Opportunities lie in tapping the best possible innovative techniques and research to reduce the harmful effects. Also the underdeveloped nations with very little electricity are the markets to look for in future.

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Some of the key players in this nuclear power market are Areva NP, GE Energy, Hitachi Nuclear Energy, JSC Moscow Polymetal Plant, Skoda JS, Mitsubishi Heavy Industries and Toshiba Corporation.

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