Technavio
has announced the top five leading vendors in their recent global
nuclear fuels market report. This research report also
lists 19 other prominent vendors that are expected to impact the market
during the forecast period.
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Technavio has published a new report on the global nuclear fuels market from 2017-2021. (Graphic: Business Wire)
There is a growing need for emission-free power generation capacities
around the globe due to the increasing awareness about reducing the use
of fossil fuels, especially in thermal power plants. It was noted that a
quarter of the existing fossil fuel plants worldwide are in operation
for more than 30 years.
Competitive vendor landscape
Due to the lack of government support and the reducing gas prices, which
is attracting investments toward gas power plants, the global nuclear
fuel market is witnessing a decline in its growth. The market is
diversified by the presence of international and regional vendors. In
developed and developing economies, regional vendors are more prominent,
thus increasing the competition for market share with the international
players.
“A growing number of regional vendors are focusing on R&D activities
in the new market areas such as nuclear fission and new generation
nuclear reactors. This research is expected to result in more reliable
and efficient next-generation nuclear power plants,” says
Thanikachalam Chandrasekaran, a lead power
research analyst from Technavio.
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Top five nuclear
fuels market vendors
ARMZ Uranium Holding Company
ARMZ Uranium Holding Company is involved in the development of uranium
mining at various stages of its lifecycle, ranging from exploration to
industrial production. The company is also involved in the development
of brown coal production, thermal and electrical power generation,
sulfuric acid production, building mining equipment, rendering drilling,
exploration support, design, and engineering services.
Cameco
Cameco is one of the largest uranium producers in the world. Its
activities include the operations and investments spanning the whole
nuclear fuel cycle, from exploration to fuel manufacturing. The other
segments of the company comprise the fuel services division, which is
the main source of profits and supports the company's uranium segment,
thus allowing them to integrate across the fuel cycle vertically.
Energy Resources of Australia
Energy Resources of Australia is involved in the supply of uranium.
Apart from uranium supply, the company also has a stockpile of ore
reserves. Energy Resources of Australia is involved in uranium mining.
Japan Oil, Gas and Metals National Corporation
Japan Oil, Gas and Metals National Corporation is involved in the supply
of funds for the exploration of oil and gas, coal, geothermal energy,
and metallic minerals. It is also involved in operations in the
development of hydrocarbons, coal resources, geothermal resources, and
metallic mineral resources.
KazAtomProm
KazAtomProm is involved in geological exploration, natural uranium
mining, production of uranium products, production of quartz,
metallurgical silicon, PV cells and plates, renewable energy sources,
design of heating pump units, bulk concentrate of rare-earth metals,
beryllium, tantalum, niobium products, generation of electrical and
heating power, and production of distillate drinking water.
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About Technavio
Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
re-sellers, and end-users.
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at media@technavio.com.
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