DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8fpwmc/fuel_assemblies) has announced the addition of the "Fuel Assemblies For Nuclear Power, Update 2015 - Global Market Size, Average Pricing, Competitive Landscape, and Key Country Analysis to 2025" report to their offering.
Global Nuclear Fuel Assembly Market Value to Exceed $32 Billion by 2025
"Fuel Assemblies For Nuclear Power, Update 2015 - Global Market Size, Average Pricing, Competitive Landscape, and Key Country Analysis to 2025" analyzes the market for nuclear fuel assemblies used in commercial nuclear reactors and provides in-depth analysis of the demand in three major regions of the world, including key countries and emerging nuclear nations.
The fuel assemblies market analysis provides insights on uranium, conversion, enrichment and fabrication markets. The geographical market analysis is achieved through the division of the global market into three major regions: North America, Europe and Asia-Pacific. The fuel assemblies market analysis includes nuclear capacity additions, key drivers and restraints, market demand and value during 2006-2025, key players and fuel cycle facilities for various countries.
The global market value for nuclear fuel assembly will increase from approximately $22.2 billion in 2014 to just under $32.1 billion by 2025, representing a Compound Annual Growth Rate (CAGR) of 2.5%, according to research and consulting firm The authors.
The report states that rising power demand, the need to cut greenhouse gas emissions and soaring fossil fuel prices will be the major drivers of market growth throughout the forecast period.
Nations are considering nuclear as a viable option for power generation, as it can produce a large amount of energy from relatively little fuel and generate electricity with minimal direct environmental impact.
The analyst adds that some leading exporters of fossil fuel products, such as Iran and Saudi Arabia, intend to develop nuclear power to decrease domestic oil consumption while boosting exports.
Despite these motivating factors, a number of challenges remain to nuclear power development, including safety concerns, the issue of nuclear waste disposal, difficulty financing projects, and the technology's lack of popularity, which will subsequently impact the fuel assembly market.
Key Topics Covered:
1 Tables & Figures
2 Introduction
3 Global Fuel Assembly Market Analysis, 2006-2025
4 Fuel Assembly Market Analysis, Europe, 2006-2025
5 Fuel Assembly Market Analysis, North America, 2006-2025
6 Fuel Assembly Market Analysis, Asia-Pacific, 2006-2025
7 Fuel Assembly Market Analysis, Emerging Nuclear Countries, 2006-2025
8 Appendix
For more information visit http://www.researchandmarkets.com/research/8fpwmc/fuel_assemblies
