Nuclear Fuel Market Size to Expand Significantly by the End of 2025
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.
A sample of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13121
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.
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.
To view TOC of this report is available upon request @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=13121
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.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
90 State Street,
Albany NY - 12207
This release was published on openPR.
Permanent link to this press release:
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 Size to Expand Significantly by the End of 2025 here
News-ID: 844586 • Views: 124
More Releases from Transparency Market Research
Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the
More Releases for Nuclear
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 Steam Generator Market
Steam generator is a device which is used to create steam by boiling water. Steam generators are also referred as heat exchangers used to convert water particles into steam from heat produced in a nuclear reactor plant. Nuclear steam generator is used in high pressure water reactor having primary loop (piping system that contains coolant) and secondary loops (have separate piping system, here water is converted to steam to rotate
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 Air Filtration Market
In this report, the Asia-Pacific Nuclear Air Filtration market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Nuclear Air Filtration for these regions, from 2012 to
UAE Nuclear Power Sector UAE Nuclear Power Sales Report
For Report Sample Contact: firstname.lastname@example.org 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
China Nuclear Power Sector China Nuclear Power Sales Report
For Report Sample Contact: email@example.com or +91-11-47067990 Report Table of Contents 1. China Power Sector Overview 1.1 Installed Capacity 1.2 Electricity Generation 1.3 Current Power Demand 1.4 Future Power Demand 2. China Nuclear Power Sector Overview 2.1 China Nuclear Energy Programme 2.2 Rationale behind China Nuclear Power 3. China Nuclear Power Sector Indicators 3.1 Installed Capacity 3.2 Projected Capacity 3.3 Nuclear Fuel Procurement