Nuclear Fuel Fabrication Market 2017 Segmentation with Key Players, Growth Rate and Forecast 2025

The report " Nuclear Fuel Fabrication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025", has been prepared based on an in-depth market analysis with inputs from industry experts.

The main objective of this report is to define, describe, and forecast the global “Nuclear Fuel Fabrication” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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In the past few years many new energy sources have been discovered and are being used, apart from fossil fuels, such as solar, wind, and geothermal. One such source of energy is nuclear power. Nuclear technology utilizes the energy emitted by splitting atoms of specific metals. This technology was first developed in the 1940’s for creating bombs; however, in the 1950’s the world diverted its attention to the peaceful uses of this technology. Many countries have even built nuclear reactors for scientific research purposes to serve as a source of neutron beams. These nuclear reactors are powered by nuclear fuels containing fissile material. The nuclear fission process releases great amount of energy. Therefore, the fissioning material needs to be in a robust physical shape in order to endure extreme neutron radiation and operate at high temperatures.

Nuclear fuel fabrication is the last stage in the process of converting uranium into usable nuclear fuel rods. Fabrication of nuclear fuel for a reactor consist of three main stages. Firstly, production of pure uranium oxide, either from uranium hexafluoride or uranium trioxide, is carried out at the fuel manufacturing plant. Secondly, producing high density and highly accurately shaped ceramic uranium oxide pellets. And lastly, production of the rigid metal framework mostly from zirconium alloy for fuel assembly, and loading of the uranium oxide pellets into the fuel rods and also sealing and assembling these rods into the fuel assembly structure.

Based on conversion process, the nuclear fuel fabrication market can be segmented into wet and dry process. In the dry process, uranium hexafluoride is heated into a vapor state and is divided into a two stage reaction vessels for the production of uranium oxide. The wet process consists of injecting uranium hexafluoride into water to produce a particulate slurry. Then ammonia or ammonium carbonate is added to the slurry. The slurry is then filtered, dehydrate, and heated to produce pure uranium oxide in a reducing atmosphere for further processing.

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Based on type of nuclear reactor, the nuclear fuel fabrication market can be divided into pressurized water reactors (PWRs), boiling water reactors (BWRs), pressurized heavy water reactors (PHWRs), and others. Pressurized water reactors are extensively used nuclear reactors in the world. They account to nearly two-third of the currently installed nuclear power generation capacity. Boiling water reactors are the second most commonly used nuclear reactors around the globe. They account for almost one-fourth of the currently installed nuclear power generation capacity globally. Pressurized heavy water reactors are based on a Canadian design that utilizes pressure tubes containing heavy water that moderates and cools the nuclear fuel. The others segment consist of advanced gas-cooled reactors, RBMK (Reaktor Bolshoy Moshchnosti Kanalnyy) reactors, and fast neutron reactors.

In terms of region, the nuclear fuel fabrication market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe is projected to hold a substantial share of the global nuclear fuel fabrication market during the forecast period. North America is likely to follow Europe, in terms of market share, during the forecast period. The market in Asia Pacific is expected to expand at a significant growth rate in the near future, due to the increasing demand for energy in the region, especially in developing countries such as India and China.

Key players operating in the nuclear fuel fabrication market include AREVA NP, Westinghouse Electric Company LLC, Global Nuclear Fuel, JSC Atomenergoprom, JSC TVEL, Mitsubishi Nuclear Fuel Co., Ltd., and ENUSA INDUSTRIAS AVANZADAS, S.A.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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