The global uranium market is fueled by the surging demand for and dependency on nuclear energy, growing awareness regarding the reduction of carbon emissions, oil price fluctuations, and the economic advantage of uranium production. 
 
Highlighting the forces that aid the growth of the uranium market, the research report offers a comprehensive and insightful overview of the scope and dynamics of the global industry. Through unbiased and thorough methods of data collection and numerous primary and secondary interviews, the report provides an exhaustive collection of information that proves helpful to clients at every step of the way.
 
Overview of the global uranium market
 
A major chunk of the total amount of uranium found is used in nuclear power plants to generate electricity. With mounting demand for electricity all across the globe and growing capacity of nuclear reactors, the uranium market has witnessed significant expansion and is estimated to continue its successful streak over the course of the forecast period. The research report states that the demand for and supply of the metal has so far remained balanced, owing to the fact that the number of old reactors retiring and newer reactors being set up is almost the same.
 
The report also indicates that approximately 75% of the global supply is through mining activity and this number is expected to increase by 2019. Other sources of uranium include recycled uranium, civil stockpiles, and ex-military weapons-grade uranium. 
 
While Russia and China are currently the fastest-growing markets for uranium, it is estimated that India, Europe, and the Middle East will also join the league. Over the coming years, all these regions are projected to expand their use of nuclear energy and invest in uranium mining operations, which will ultimately drive the global uranium market.
 
After the 2011 Fukushima Daiichi reactor disaster triggered by the earthquake and tsunami in Japan, the uranium market was adversely affected and the growth rate dropped. Analysts say that the setting up of uranium mining operations is extremely time-consuming and expensive. As a result, a shortage of the metal is quite likely despite its abundant availability in nature. Moreover, obtaining mining permits is a lengthy process and the environmental repercussions of uranium mining are many. These factors are expected to hamper the uranium market.
 
Companies mentioned in the research report
 
Owing to the fact that there are only a handful of companies functioning in very few countries, the uranium market is immensely concentrated. Cameco Corp., Gulf Mines Ltd., American Uranium Corp. Inc., JOGMEC, National Atomic Company Kazatomprom, Energy Resources of Australia Ltd., China National Nuclear Corp., and African Energy Resources Ltd. are some of the prominent participants in the global uranium market.
 
The research report offers a qualitative and quantitative assessment of the uranium market to help understand the performance of these companies in the market as well as the global economy. It not only provides current data on individual companies but also offers prospective and forecast figures related to company share, volume, and revenue.
 
Major geographies analyzed under this research report are: 
  • EMEA
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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